PT Bank Central Asia Tbk.

bbca

Overview

BBCA Overview

PT Bank Central Asia Tbk (the Bank) is an Indonesia-based commercial bank. The Bank’s segments include Transaction Banking, Corporate Banking, Commercial & Small & Medium Enterprise (SME) Banking, Individual Banking, and Treasury and International Banking. The Bank offers various products and services, which include cash management services, credit cards, bancassurance products, mutual fund investment products, treasury investment products, credit facilities, standby letter of credit/bank guarantees, export import facilities, local letter of credit and foreign exchange facilities. It has operations in Sumatera, Java, Kalimantan, East Indonesia and Overseas operations. Its subsidiaries include PT BCA Finance, BCA Finance Limited, PT Bank BCA Syariah, PT BCA Sekuritas, PT Asuransi Umum BCA, PT BCA Multi Finance, PT Asuransi Jiwa BCA, PT Central Capital Ventura and PT Bank Digital BCA.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BBCA

Main
Market Cap.
IDR 1,211.18Trillion
#1 in Indonesia

~$76.37B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BBCA Valuation Metrics

9,825

IDR

Closing Price on 2024-04-05

Price to Equity

21.26

P/E

At 21.26x P/E TTM, BBCA.JK is trading at a premium to its peers in the Banks sector (avg 13.8x).

Price to Book

4.27

P/B

At 4.27x P/B TTM, BBCA.JK is trading at a premium to its peers in the Banks sector (avg 0.9x).

Price to Sales

10.41

P/S

At 10.41x P/S TTM, BBCA.JK is trading at a premium to its peers in the Banks sector (avg 3.6x).

Valuing PT Bank Central Asia 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 Central Asia Tbk. relative to other stocks in the Banks sector

Price/Cash Flow
22.10x
Price/Forward Earnings
20.91x
PEG Ratio
2.07x

Analyst Ratings

40
60
80
0
100

72.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR9,8252024-04-05
IDR 6,173.56

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BBCA is IDR6,174, which is 36% lower than BBCA's last closing price of IDR9,825 (as of 2024-04-05).

Valuation Recap of BBCA 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 25.13x is above the ID market average of 8.22x and is trading at a premium to peers in the Banks sector (13.79x).
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 5.14x is above the peers average of 0.88x in the Banks sector. BBCA 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 12.30x is above the peers average of 3.61x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BBCA's valuation relative to its current sales and future earnings growth. BBCA trades at a Forward P/E ratio of 20.91x, 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. BBCA's P/CF ratio of 22.10x is considered a relatively high ratio by analysts.
Max 2
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BBCA is IDR 6,173.56, which is 36% lower than BBCA's last closing price of IDR 9,825.00.
Max 3

Peers

BBCA 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
ARTOPT Bank Jago Tbk.35.84T19.13T 1.74T 0.03T 1398.304.30
Competitiveness Recap of BBCA stock
WeightNotesScore
High
At a market cap of IDR 1,211,176.89 billion, BBCA.JK ranks 1 in Market Cap out of 10 companies in the Financials sector.●●
Max 2
High
At a PE of 25.13, BBCA.JK ranks 4 out of 10 companies in the Financials sector for P/E value. The average PE is 166.29 (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 Bank Jago Tbk. (1398.30) in the Financials sector.
Max 2
Medium
At a PE of 25.13, BBCA.JK is trading at a higher PE than that of its subsector peers in Banks (median of 13.79). false●●
Max 2
Medium
At a revenue of IDR 98.47 trillion, BBCA.JK ranks 3 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 48.20 trillion, BBCA.JK ranks 3 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BBCA

Growth Forecasts

BBCA 2024 Revenue Growth
+10.5%
BBCA 2024 EPS Growth
+9.5%
Sector Revenue Growth
+14.6%
Banks
Indonesia Market Growth
+12.0%
IDX overall growth
Banks Sector Revenue Growth '24
+33.8%
Financials Sector Revenue Growth '24
+32.2%

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 14.60% against the IDX average of +12.0%.

Banks sector overview

BBCA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BBCA
WeightNotesScore
High
BBCA's projected growth rate of 14.60% is above the ID market average of 11.98%.●●●
Max 3
High
The Banks sub-sector is projected to grow revenue by 33.80% in 2024. This number is higher than the previous year 2023's growth rate of 13.91%. This bodes well for BBCA's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Banks sub-sector is projected to increase earnings by 80.01% in 2024. This number is higher than the previous year 2023's EPS growth of 35.28%. This bodes well for BBCA's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
BBCA 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 75.53% in 2024 while revenue growth is projected to increase by 32.25%. These macroeconomic trends will likely be a tailwind for BBCA's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Jahja Setiaatmadja15.2 years

Vice President Director

Armand Wahyudi Hartono15.4 years
Tan Ho Hien/Subur Atau Dipanggil Subur Tan
Director
Rudy Susanto
Director
Lianawaty Suwono
Director
Santoso
Director
Vera Eve Lim
Director
Haryanto Tiara Budiman
Director
Frengky Chandra Kusuma
Director
John Kosasih
Director
Antonius Widodo Mulyono
Director
NamePositionShares%
Antonius Widodo MulyonoDirector130,780< 0.01
Armand Wahyudi HartonoVice President Director4,256,065< 0.01
Djohan Emir SetijosoPresident Commissioner106,610,7000.09
Frengky Chandra KusumaDirector1,891,049< 0.01
Gregory Hendra LembongVice President Director784,719< 0.01
Haryanto Tiara BudimanDirector561,695< 0.01
Jahja SetiaatmadjaPresident Director32,818,8530.03
John KosasihDirector504,861< 0.01
Lianawaty SuwonoDirector2,021,880< 0.01
Rudy SusantoDirector2,518,448< 0.01
SantosoDirector2,422,053< 0.01
Tan Ho Hien/Subur Disebut Juga Subur TanDirector12,351,057< 0.01
Tonny KusnadiCommissioner7,087,982< 0.01
Vera Eve LimDirector1,912,261< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BBCA Ownership

Others
21.86%
Insiders
57.51%
Institutions
20.63%
NameNumber of SharesOwnership (%)Value
Pt Dwimuria Investama Andalan67,729,950,00054.94665,446.76B
Public (Scripless)52,275,846,21742.41513,610.19B
Pihak Afiliasi Pengendali3,026,977,5002.4629,740.05B
Djohan Emir Setijoso106,610,7000.091,047.45B
Jahja Setiaatmadja32,818,8530.03322.45B
Robert Budi Hartono28,135,0000.02276.43B
Bambang Hartono27,025,0000.02265.52B
Tonny Kusnadi7,087,9820.0169.64B
Public (Scrip)11,243,8800.01110.47B
Tan Ho Hien/Subur Disebut Juga Subur Tan12,351,0570.01121.35B

Largest Institutional Buy

Capital Research and Management Company
Bought 31-01-2024
+324,179,500 shares
Capital Group
Bought 31-01-2024
+118,008,800 shares
Hartford Funds Management Company, LLC
Bought 31-01-2024
+101,236,652 shares

Largest Institutional Sell

JPMorgan Asset Management Inc
Sold 31-01-2024
-143,978,200 shares
Hermes Investment Management Ltd
Sold 31-01-2024
-73,843,600 shares
Calvert Research and Management
Sold 31-01-2024
-42,874,600 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BBCA stock