Asuransi Ramayana Tbk

asrm

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.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ASRM

Watchlist
Market Cap.
IDR 462.51Billion

~$29.16M USD

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

Valuation

ASRM Valuation Metrics

1,520

IDR

Closing Price on 2024-04-05

Price to Equity

5.24

P/E

At 5.24x P/E TTM, ASRM.JK is trading at a discount to its peers in the Insurance sector.

Price to Book

0.72

P/B

At 0.72x P/B TTM, ASRM.JK is trading in line with its peers in the Insurance sector.

Price to Sales

0.23

P/S

At 0.23x 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 Flow
19.14x
Price/Forward Earnings
-
PEG Ratio
-0.12x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR1,5202024-04-05
IDR 2,748.14

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ASRM is IDR2,748, which is 82% higher than ASRM's last closing price of IDR1,520 (as of 2024-04-05).

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 5.24x is below the ID market average of 8.22x and is trading at a discount to peers in the Insurance sector (12.09x). ●●
Max 3
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 0.72x is similar to the peers average of 0.74x in the Insurance sector.
Max 3
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 0.23x is below the peers average of 1.29x 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.
Max 2
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 19.14x is considered a relatively high ratio by analysts.
Max 2
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ASRM is IDR 2,748.14, which is 82% higher than ASRM's last closing price of IDR 1,520.00.●●●
Max 3

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.1,211.18T1,381.45T 98.47T 48.20T 25.135.14
BBRIPT Bank Rakyat Indonesia (Persero) Tbk851.97T1,851.96T 175.51T 56.01T 15.212.78
BMRIPT Bank Mandiri (Persero) Tbk637.00T2,007.16T 135.73T 49.58T 12.852.62
BBNIPT Bank Negara Indonesia (Persero) Tbk197.25T1,086.66T 61.51T 20.91T 9.431.31
BRISPT Bank Syariah Indonesia Tbk124.55T319.85T 19.34T 5.26T 23.703.35
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.64.54T20.17T 1.41T 0.95T 68.095.07
MEGABank Mega Tbk60.47T132.12T 7.81T 3.51T 17.222.78
BNGAPT Bank CIMB Niaga Tbk52.37T329.13T 18.53T 6.10T 8.581.11
LIFEPT MSIG Life Insurance Indonesia Tbk.12.60T14.74T 3.37T 0.26T 49.081.69
Competitiveness Recap of ASRM stock
WeightNotesScore
High
At a market cap of IDR 462.51 billion, ASRM.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 5.24, ASRM.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 26.98 (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 (84.38) in the Financials sector.
Max 2
Medium
At a PE of 5.24, ASRM.JK is trading at a lower PE than that of its subsector peers in Insurance (median of 12.09). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 2.05 trillion, ASRM.JK ranks 9 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.09 trillion, ASRM.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of ASRM

Growth Forecasts

No data available

Sector Benchmark

Insurance companies in Indonesia are growing at a projected rate of 86.43% against the IDX average of +12.0%.

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 86.43% is above the ID market average of 11.98%.●●
Max 3
High
The Insurance sub-sector is projected to grow revenue by 86.43% in 2024. This number is higher than the previous year 2023's growth rate of 75.33%. This bodes well for ASRM's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Insurance sub-sector is projected to decrease earnings by 0.00% in 2024. This number is lower than the previous year 2023's EPS growth of 0.00%. false
Max 3
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 2024. Specifically, earnings are projected to increase by 75.53% in 2024 while revenue growth is projected to increase by 32.25%. These macroeconomic trends will likely be a tailwind for ASRM's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Syahril15.2 years

Vice President Director

Jiwa Anggara15.4 years
Pristiwanto Bani
Director
Y. Parlindungan Manurung
Director
A.M. Andi Primadi
Director
NamePositionShares%
A Winoto Doeriat Commissioner58,322,10819.17
SyahrilPresident Director95,887,62131.51
Expressed in millions IDR, unless otherwise stated

Ownership

ASRM Ownership

Others
17.11%
Insiders
72.89%
Institutions
10%
NameNumber of SharesOwnership (%)Value
Syahril95,887,62131.51145.75B
A Winoto Doeriat 58,322,10819.1788.65B
Public (Scrip)39,198,42512.8959.58B
Wirastuti Puntaraksma, S.H.35,445,90411.6453.88B
Pt Ragam Venturindo 32,150,03510.5748.87B
Korean Reinsurance Company30,428,5081046.25B
Public (Scripless)12,851,2394.2219.53B
No data is available for ASRM at the moment.