PT Bank Aladin Syariah Tbk

bank

-2.55%

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.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BANK

Main
Market Cap.
IDR 13.96Trillion

~$0.87B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BANK Valuation Metrics

955

IDR
-2.6%

Closing Price on 2024-04-17

Price to Equity

-52.85

P/E

At -52.85x P/E TTM, BANK.JK is trading at a discount to its peers in the Banks sector.

Price to Book

4.53

P/B

At 4.53x P/B TTM, BANK.JK is trading at a premium to its peers in the Banks sector (avg 0.8x).

Price to Sales

65.62

P/S

At 65.62x P/S TTM, BANK.JK is trading at a premium to its peers in the Banks sector (avg 3.5x).

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 Flow
0.01x
Price/Forward Earnings
41.49x
PEG Ratio
-2.15x

Analyst Ratings

40
60
80
0
100

62.5

Undervalued

Fairly Valued

Overvalued

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. A P/E ratio of -52.85x is below the ID market average of 8.53x and is trading at a discount to peers in the Banks sector (13.15x). In fact, less than 25% of its peers trade at a lower P/E ratio than BANK.●●●
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 4.53x is above the peers average of 0.84x in the Banks sector. BANK trades at a higher P/B ratio than >75% of its peers in the Banks 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 65.62x is above the peers average of 3.50x 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 41.49x, which is considered richly valued by analysts.
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. BANK's P/CF ratio of 0.01x is considered healthy by analysts.●●
Max 2

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.1,174.19T1,381.45T 98.47T 48.20T 24.364.98
BBRIPT Bank Rakyat Indonesia (Persero) Tbk799.19T1,851.96T 175.51T 56.01T 14.272.61
BMRIPT Bank Mandiri (Persero) Tbk618.33T2,007.16T 135.73T 49.58T 12.472.54
BBNIPT Bank Negara Indonesia (Persero) Tbk195.39T1,086.66T 61.51T 20.91T 9.341.30
BRISPT Bank Syariah Indonesia Tbk114.40T319.85T 19.34T 5.26T 21.773.08
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.65.39T20.71T 1.39T 0.72T 90.695.10
MEGABank Mega Tbk60.76T132.12T 7.81T 3.51T 17.312.79
BNGAPT Bank CIMB Niaga Tbk50.87T329.13T 18.53T 6.10T 8.341.08
BNLIBank Permata Tbk34.73T251.94T 11.63T 1.91T 18.180.89
Competitiveness Recap of BANK stock
WeightNotesScore
High
At a market cap of IDR 13,963.91 billion, BANK.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of -52.85, BANK.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 23.01 (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 Indoritel Makmur Internasional Tbk. (90.69) in the Financials sector.
Max 2
Medium
At a PE of -52.85, BANK.JK is trading at a lower PE than that of its subsector peers in Banks (median of 13.15). 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 0.21 trillion, BANK.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of -IDR 0.26 trillion, BANK.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BANK

Growth Forecasts

BANK 2024 Revenue Growth
+782.9%
BANK 2024 EPS Growth
-135.7%
Sector Revenue Growth
+14.6%
Banks
Indonesia Market Growth
+7.6%
IDX overall growth
Banks Sector Revenue Growth '24
+33.3%
Financials Sector Revenue Growth '24
+33.9%

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 14.60% against the IDX average of +7.6%.

Banks sector overview

BANK Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BANK
WeightNotesScore
High
BANK's projected growth rate of 14.60% is above the ID market average of 7.62%.●●●
Max 3
High
The Banks sub-sector is projected to grow revenue by 33.34% in 2024. This number is higher than the previous year 2023's growth rate of 13.71%. This bodes well for BANK's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Banks sub-sector is projected to increase earnings by 72.99% in 2024. This number is higher than the previous year 2023's EPS growth of 33.09%. This bodes well for BANK's earnings growth prospects in the next 2 years. ●●●
Max 3
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 2024. Specifically, earnings are projected to increase by 72.99% in 2024 while revenue growth is projected to increase by 33.88%. These macroeconomic trends will likely be a tailwind for BANK's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Dyota Mahottama Marsudi15.2 years
Firdila Sari
Director
Mayang Ekaputri
Director
Baiq Nadea Dzurriatin
Director
NamePositionShares%
No data is available for BANK at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

BANK Ownership

Others
41.32%
Insiders
57.88%
Institutions
0.8%
NameNumber of SharesOwnership (%)Value
Pt Aladin Global Ventures7,791,930,74653.177,441.29B
Public (Scripless)5,411,700,57136.925,168.17B
Public (Scrip)1,452,000,0009.911,386.66B

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