PT Bank Aladin Syariah Tbk

Overview

BANK Overview

PT Bank Aladin Syariah Tbk (the Bank) is a digital-based sharia bank in Indonesia. The Bank is engaged in conducting business in the field of sharia commercial bank with its banking activities running by sharia principles. The Bank is engaged in using information technology to develop funding products, financing and other banking services, such as fund transfers, payments, purchases and others. Its segments include Retail and MSME & Corporate. Its Retail segment targets individual customers, including the underbanked and unbanked segments by offering not only fund-raising products such as savings and time deposits, but also other banking services, such as payment menus, purchases, donations to cash withdrawals and deposit transactions at outlets. Its products include savings and financing. The Bank offers four savings and investment products, which includes iB current account, iB Savings, iB Deposits and iB Invoice Financing.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BANK

Main
Market Cap.
IDR 13.74Trillion

~$0.84B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BANK Valuation Metrics

940

IDR
-1.6%

Closing Price on 2024-07-19

Price to Equity

-72.37

P/E

At -72.37x P/E TTM, BANK.JK has a negative P/E ratio, most commonly seen in loss-making companies.

Price to Book

4.45

P/B

At 4.45x P/B TTM, BANK.JK is trading at a premium to its peers in the Banks sector (avg 0.8x).

Price to Sales

55.22

P/S

At 55.22x P/S TTM, BANK.JK is trading at a premium to its peers in the Banks sector (avg 3.6x).

Valuing PT Bank Aladin Syariah Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Banks sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Bank Aladin Syariah Tbk relative to other stocks in the Banks sector

Price/Cash Flow0.01x
Price/Forward Earnings-94000.00x
PEG Ratio-1.15x

Intrinsic Value

Last closing: IDR9402024-07-19
IDR 3,460.81

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BANK is IDR3,461, which is 269% higher than BANK's last closing price of IDR940 (as of 2024-07-19).

Valuation Recap of BANK 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. Unfortunately, the P/E ratio for BANK is negative, commonly seen in companies that are still in the growth phase and have not yet turned a profit. Sometimes, negative P/E ratios can occur due to one-time write-offs or accounting adjustments that affect earnings temporarily. However, sustained negative earnings usually reflect ongoing operational losses.

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 4.45x is above the peers average of 0.81x in the Banks sector. BANK trades at a higher P/B ratio than >75% of its peers in the Banks 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 55.22x is above the peers average of 3.57x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BANK's valuation relative to its current sales and future earnings growth. BANK trades at a Forward P/E ratio of -94000.00x, which is considered fairly undervalued by analysts.

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. BANK's P/CF ratio of 0.01x is considered healthy by analysts.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BANK is IDR 3,460.81, which is 269% higher than BANK's last closing price of IDR 940.00.

Peers

BANK 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
BNLIBank Permata Tbk33.47T252.84T 11.97T 2.95T 11.350.82
Competitiveness Recap of BANK stock
WeightNotesScore
High
At a market cap of IDR 13,744.59 billion, BANK.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of -72.37, BANK.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 35.65 (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 -72.37, BANK.JK is trading at a lower PE than that of its subsector peers in Banks (median of 15.68). 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 0.25 trillion, BANK.JK ranks 10 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of -IDR 0.19 trillion, BANK.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of BANK

Growth Forecasts

Analyst Ratings

Based on ratings from 1 analysts for BANK 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: 2024-07-10

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 16.22% against the IDX average of +13.8%.

Banks sector overview

BANK Earnings & Revenue Forecast

No earnings forecast is available for BANK at the moment.

All values in IDR billion

Future growth prospect of BANK
WeightNotesScore
High
BANK's projected growth rate of 16.22% is above the ID market average of 13.82%.

High
The Banks sub-sector is projected to grow revenue by 24.55% in 2025. This number is higher than the previous year 2024's growth rate of 13.15%. This bodes well for BANK's revenue growth prospects in the next 2 years.

Medium
The Banks sub-sector is projected to increase earnings by 15.70% in 2025. This number is higher than the previous year 2024's EPS growth of 4.63%. This bodes well for BANK's earnings growth prospects in the next 2 years.

Medium
BANK and its peers in the Banks 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 BANK's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of BANK

Oscillators

Sell

Sell

4

Neutral

7

Buy

0

Summary

Strong Sell

Sell

18

Neutral

8

Buy

0

Moving Averages

Strong Sell

Sell

14

Neutral

1

Buy

0

Summary

Technical Ratings of BANK
IndicatorSummarySellNeutralBuy
SummaryStrong Sell1880
OscillatorsSell470
Moving AveragesStrong Sell1410

Last Update: 2024-07-19

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Management

Executive Management

President Director

Koko Tjatur Rachmadi*15.2 years
Firdila Sari Director
Jo, Anula PutraDirector
Baiq Nadea Dzurriatin Director
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for BANK at the moment.

Ownership

BANK Ownership

NameNumber of SharesOwnership (%)Value
Pt Aladin Global Ventures7,651,313,24651.817,192.23B
Public (Scripless)6,275,175,67142.495,898.67B
Public (Scrip)842,000,0005.7791.48B

Largest Institutional Buy

State Street Global Advisors
Bought 31-01-2024
+4,998,396 shares
STANLIB Fund Managers Jersey Limited
Bought 31-01-2024
+658,025 shares
BlackRock Advisors (UK) Limited
Bought 31-01-2024
+120,500 shares

Largest Institutional Sell

Fidelity Management & Research Company LLC
Sold 31-01-2024
-311,100 shares
Legal & General Investment Management Ltd.
Sold 31-01-2024
-244,000 shares
Legal & General Investment Management
Sold 31-01-2024
-205,859 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BANK stock

Sustainability

Environmental, Social, and Governance (ESG) Risk Assessment

The ESG Risk Ratings measure BANK's exposure to industry-specific material ESG risks and how well BANK is managing those risks.

ESG Risk Rating

10
20
30
40
0
100

22.2

Medium Risk

Negligible

Low

Medium

High

Severe

ESG Risk Ranking among Banks Peers

1st rank = lowest risk

350

/ 1,051 peers worldwide

Global ESG Risk Ranking

6,262

/ 16,216 all companies worldwide

Last Full Update: 2024-03-05

Last Update: 2024-03-05

Source: Sustainalytics, Inc.

BANK Filings

No noteworthy filings to report on

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