PT Asuransi Maximus Graha Persada Tbk.

Overview

ASMI Overview

PT Asuransi Maximus Graha Persada Tbk is an Indonesia-based company engaged in providing general insurance services. The Company is primarily engaged in the business of conventional and sharia non-life insurance. The Company offers insurance products with a variety of coverage to meet the specific needs of the customers. Its products include property insurance, motor vehicle insurance, engineering insurance, marine cargo insurance, liability insurance, marine hull insurance, health insurance, surety bond, civil engineering completed risks and miscellaneous insurances, which includes burglary insurance, personal accident insurance, movable assets insurance, money insurance, professional indemnity insurance, and sharia insurance. The Company’s operations are located in five principal geographical areas, such as Sumatera, Java, Bali, Sulawesi, and Kalimantan.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ASMI

Watchlist
Market Cap.
IDR 71.67Billion

~$4.40M USD

Industry
Insurance
Sub-Industry
General Insurance
Sector
Financials
Sub-Sector

Valuation

ASMI Valuation Metrics

8

IDR
0.0%

Closing Price on 2024-07-18

Price to Equity

8.10

P/E

At 8.10x P/E TTM, ASMI.JK is trading at a discount to its peers in the Insurance sector.

Price to Book

0.19

P/B

At 0.19x P/B TTM, ASMI.JK is trading at a discount to its peers in the Insurance sector.

Price to Sales

0.18

P/S

At 0.18x P/S TTM, ASMI.JK is trading at a discount to its peers in the Insurance sector.

Valuing PT Asuransi Maximus Graha Persada Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Insurance sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Asuransi Maximus Graha Persada Tbk. relative to other stocks in the Insurance sector

Price/Cash Flow-2.04x
Price/Forward Earnings-
PEG Ratio0.09x

Intrinsic Value

Last closing: IDR82024-07-18
IDR 11.05

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ASMI is IDR11, which is 39% higher than ASMI's last closing price of IDR8 (as of 2024-07-18).

Valuation Recap of ASMI stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 8.10x is below the ID market average of 8.44x and is trading at a discount to peers in the Insurance sector (13.11x).

High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 0.19x is below the peers average of 0.68x in the Insurance sector. In fact, less than 25% of its peers trade at a lower P/B ratio than ASMI.

Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 0.18x is below the peers average of 0.97x in the Insurance sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ASMI's valuation relative to its current sales and future earnings growth.

Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. ASMI's P/CF ratio of -2.04x is considered healthy by analysts.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ASMI is IDR 11.05, which is 39% higher than ASMI's last closing price of IDR 8.00.

Peers

ASMI Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
BBCAPT Bank Central Asia Tbk.1,245.08T1,408.11T 101.91T 48.64T 25.605.14
BBRIPT Bank Rakyat Indonesia (Persero) Tbk738.88T1,989.07T 178.91T 59.88T 12.342.52
BMRIPT Bank Mandiri (Persero) Tbk611.33T2,174.22T 123.24T 55.06T 11.102.34
BBNIPT Bank Negara Indonesia (Persero) Tbk189.03T1,066.72T 60.27T 21.08T 8.971.30
BRISPT Bank Syariah Indonesia Tbk113.02T357.90T 19.39T 5.91T 19.132.79
SMMAPT Sinar Mas Multiartha Tbk92.97T116.18T 25.19T 0.45T 207.773.97
DNETPT Indoritel Makmur Internasional Tbk.70.21T20.44T 1.40T 0.58T 120.885.44
MEGABank Mega Tbk58.70T126.53T 7.85T 3.60T 16.322.94
BNGAPT Bank CIMB Niaga Tbk44.76T332.99T 19.03T 6.58T 6.800.87
LIFEPT MSIG Life Insurance Indonesia Tbk.12.50T14.86T 3.50T 0.22T 57.501.65
Competitiveness Recap of ASMI stock
WeightNotesScore
High
At a market cap of IDR 71.67 billion, ASMI.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 8.10, ASMI.JK ranks 9 out of 10 companies in the Financials sector for P/E value. The average PE is 43.70 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Financials. In this regard, it trails behind sector leaders such as PT Sinar Mas Multiartha Tbk (207.77) in the Financials sector.

Medium
At a PE of 8.10, ASMI.JK is trading at a lower PE than that of its subsector peers in Insurance (median of 13.11). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 0.40 trillion, ASMI.JK ranks 10 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 0.01 trillion, ASMI.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of ASMI

Growth Forecasts

Analyst Ratings

Based on ratings from 1 analysts for ASMI over the past 3 months.

Hold

Strong Buy

0.0%

Buy

0.0%

Hold

100.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-06-28

Sector Benchmark

Insurance companies in Indonesia are shrinking at a projected rate of -69.27% against the IDX average of +13.8%.

Insurance sector overview
No data is available for ASMI at the moment.
Future growth prospect of ASMI
WeightNotesScore
High
ASMI's projected growth rate of -69.27% is below the ID market average of 13.82%.

Medium
ASMI and its peers in the Insurance sub-sector belongs to the Financials sector. Companies in the Financials sector are projected to have a fruitful year heading into 2025. Specifically, earnings are projected to increase by 15.70% in 2025 while revenue growth is projected to increase by 24.44%. These macroeconomic trends will likely be a tailwind for ASMI's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of ASMI

Oscillators

Neutral

Sell

1

Neutral

9

Buy

1

Summary

Sell

Sell

14

Neutral

10

Buy

2

Moving Averages

Strong Sell

Sell

13

Neutral

1

Buy

1

Summary

Technical Ratings of ASMI
IndicatorSummarySellNeutralBuy
SummarySell14102
OscillatorsNeutral191
Moving AveragesStrong Sell1311

Last Update: 2024-07-19

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Management

Executive Management

President Director

Jemmy Atmadja15.2 years
Norvin OselDirector
LiannyDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for ASMI at the moment.

Ownership

ASMI Ownership

NameNumber of SharesOwnership (%)Value
Public (Scripless)5,884,986,26065.6947.08B
Pt Asuransi Jiwa Kresna2,684,208,80029.9621.47B
Public (Scrip)298,970,4003.342.39B
Indomitra Prima Sejati, Pt90,215,0001.010.72B

Largest Institutional Buy

No data is available for ASMI at the moment.

Largest Institutional Sell

Dimensional Fund Advisors LP
Sold 31-01-2024
-554,774 shares

Institutional Transactions

Tracking institutional transactions buying / selling of ASMI stock

ASMI Filings

No noteworthy filings to report on

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