Asuransi Ramayana Tbk

Overview

ASRM Overview

PT Asuransi Ramayana Tbk is an Indonesia-based company, which is engaged in general insurance and reinsurance business both in conventional and sharia principles. The Company's segments include general insurance and office building rental. Its insurance products include property insurance, money insurance, motor vehicle insurance, liability insurance, personal accident insurance, marine insurance, health insurance, engineering insurance and bonding. Its property insurance includes fire insurance, property all risks/industrial all risks insurance, Ramayana Graha and earthquakes insurance. Its liability insurance includes liability insurance, professional liability insurance, comprehensive general liability insurance, employers liability insurance law, workmen’s compensation insurance, and liability insurance directors and officers. The office building rental segment is operated by, its subsidiary, PT Wisma Ramayana, which has the business of renting the office building and cars.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ASRM

Development
Market Cap.
IDR 460.08Billion

~$28.25M USD

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

Valuation

ASRM Valuation Metrics

378

IDR
+2.2%

Closing Price on 2024-07-19

Price to Equity

6.00

P/E

At 6.00x P/E TTM, ASRM.JK is trading at a discount to its peers in the Insurance sector.

Price to Book

0.66

P/B

At 0.66x P/B TTM, ASRM.JK is trading in line with its peers in the Insurance sector.

Price to Sales

0.22

P/S

At 0.22x P/S TTM, ASRM.JK is trading at a discount to its peers in the Insurance sector.

Valuing Asuransi Ramayana 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 Asuransi Ramayana Tbk relative to other stocks in the Insurance sector

Price/Cash Flow15.97x
Price/Forward Earnings-
PEG Ratio-0.18x

Intrinsic Value

Last closing: IDR3782024-07-19
IDR 2,064.86

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ASRM is IDR2,065, which is 447% higher than ASRM's last closing price of IDR378 (as of 2024-07-19).

Valuation Recap of ASRM 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 6.00x is below the ID market average of 8.44x and is trading at a discount to peers in the Insurance sector (13.11x). In fact, less than 25% of its peers trade at a lower P/E ratio than ASRM.

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 0.66x is similar to the peers average of 0.68x in the Insurance sector.

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 0.22x 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 ASRM'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. ASRM's P/CF ratio of 15.97x is considered a relatively high ratio by analysts.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ASRM is IDR 2,064.86, which is 447% higher than ASRM's last closing price of IDR 378.00.

Peers

ASRM 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 ASRM stock
WeightNotesScore
High
At a market cap of IDR 460.08 billion, ASRM.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 6.00, ASRM.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 43.49 (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 6.00, ASRM.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 2.11 trillion, ASRM.JK ranks 9 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 0.08 trillion, ASRM.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of ASRM

Growth Forecasts

Analyst Ratings

No analyst ratings available yet.

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 ASRM at the moment.
Future growth prospect of ASRM
WeightNotesScore
High
ASRM's projected growth rate of -69.27% is below the ID market average of 13.82%.

Medium
ASRM 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 ASRM's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of ASRM

Oscillators

Buy

Sell

1

Neutral

7

Buy

3

Summary

Sell

Sell

13

Neutral

8

Buy

5

Moving Averages

Strong Sell

Sell

12

Neutral

1

Buy

2

Summary

Technical Ratings of ASRM
IndicatorSummarySellNeutralBuy
SummarySell1385
OscillatorsBuy173
Moving AveragesStrong Sell1212

Last Update: 2024-07-19

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Management

Executive Management

President Director

Syahril15.2 years

Vice President Director

Jiwa Anggara15.4 years
Pristiwanto BaniDirector
Y. Parlindungan ManurungDirector
A.M. Andi PrimadiDirector
NamePositionShares%Stock Value
(in Billion IDR)
SyahrilPresident Director383,550,48431.51144.98B

Ownership

ASRM Ownership

NameNumber of SharesOwnership (%)Value
Syahril383,550,48431.51144.98B
A Winoto Doeriat233,288,43219.1788.18B
Wirastuti Puntaraksma, S.H.141,783,61611.6453.59B
Pt Ragam Venturindo128,600,14010.5748.61B
Korean Reinsurance Company121,714,0321046.01B
Public (Scrip)115,901,0089.5343.81B
Public (Scripless)92,297,6487.5834.89B

ASRM Filings

No noteworthy filings to report on

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