PT Bank Tabungan Negara (Persero) Tbk

bbtn

-1.79%

Overview

BBTN Overview

PT Bank Tabungan Negara (Persero) Tbk is an Indonesia-based company, which is engaged in providing banking services. It operates through two segments: Conventional and Sharia. Conventional Banking include consumer banking and commercial banking. Its consumer banking offers consumer loan products, including housing loans and non-housing loans; consumer saving products, including consumer savings, Deposito BTN Ritel; wealth management products, including bancassurance, mutual funds, secondary market government bonds, Indonesia retail bonds and foreign exchange. Its commercial products offer commercial loan products, including working capital loans and investment loans, and commercial savings products, including time deposits for institutions and commercial demand deposits. Its Sharia banking offers sharia financing products, including consumer financing and commercial financing, and sharia savings products, including sharia demand deposits, sharia savings and sharia time deposits.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BBTN

Main
Market Cap.
IDR 19.30Trillion

~$1.21B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BBTN Valuation Metrics

1,375

IDR
-1.8%

Closing Price on 2024-04-17

Price to Equity

5.40

P/E

At 5.40x P/E TTM, BBTN.JK is trading at a discount to its peers in the Banks sector.

Price to Book

0.62

P/B

At 0.62x P/B TTM, BBTN.JK is trading at a discount to its peers in the Banks sector.

Price to Sales

1.15

P/S

At 1.15x P/S TTM, BBTN.JK is trading at a discount to its peers in the Banks sector.

Valuing PT Bank Tabungan Negara (Persero) 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 Tabungan Negara (Persero) Tbk relative to other stocks in the Banks sector

Price/Cash Flow
2.34x
Price/Forward Earnings
4.40x
PEG Ratio
1.46x

Analyst Ratings

40
60
80
0
100

75.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,3752024-04-17
IDR 2,383.73

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BBTN is IDR2,384, which is 74% higher than BBTN's last closing price of IDR1,375 (as of 2024-04-17).

Valuation Recap of BBTN 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 6.26x 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 BBTN.●●
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 0.66x is similar to the peers average of 0.84x 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 1.22x is below 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 BBTN's valuation relative to its current sales and future earnings growth. BBTN trades at a Forward P/E ratio of 4.40x, which is considered fairly undervalued 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. BBTN's P/CF ratio of 2.34x is considered healthy by analysts.●●
Max 2
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BBTN is IDR 2,383.73, which is 74% higher than BBTN's last closing price of IDR 1,375.00.●●●
Max 3

Peers

BBTN 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 BBTN stock
WeightNotesScore
High
At a market cap of IDR 19,297.30 billion, BBTN.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 6.26, BBTN.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 28.92 (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 6.26, BBTN.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 15.79 trillion, BBTN.JK ranks 8 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 3.08 trillion, BBTN.JK ranks 8 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BBTN

Growth Forecasts

BBTN 2024 Revenue Growth
+16.4%
BBTN 2024 EPS Growth
+7.2%
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

BBTN Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BBTN
WeightNotesScore
High
BBTN'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 BBTN'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 BBTN's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
BBTN 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 BBTN's earnings growth prospects in the next 2 years. ●●●
Max 3
Loading...
Loading...

Management

Executive Management

President Director

Nixon L.P. Napitupulu15.2 years

Vice President Director

Oni Febriarto Rahardjo15.4 years
Hirwandi Gafar
Director
Elisabeth Novie Riswanti
Director
Andi Nirwoto
Director
Jasmin
Director
Setiyo Wibowo
Director
Nofry Rony Poetra
Director
Eko Waluyo
Director
Hakim Putratama
Director
NamePositionShares%
Andi NirwotoDirector1,822,161< 0.01
Eko WaluyoDirector1,871,964< 0.01
Elisabeth Novie RiswantiDirector1,733,200< 0.01
Herry Trisaputra ZunaCommissioner404,600< 0.01
Himawan Arief SugotoCommissioner404,600< 0.01
Hirwandi GafarDirector1,763,314< 0.01
JasminDirector2,848,030< 0.01
Nixon L.P NapitupuluDirector4,250,500< 0.01
Nofry Rony PoetraDirector2,531,022< 0.01
Oni Febriarto RahardjoVice President Director308,000< 0.01
Setiyo WibowoDirector1,892,700< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BBTN Ownership

Others
21.52%
Insiders
65.19%
Institutions
13.29%
NameNumber of SharesOwnership (%)Value
Republic Of Indonesia8,420,666,6486011,578.42B
Public (Scripless)5,593,845,974407,691.54B

Largest Institutional Buy

No data is available for BBTN at the moment.

Largest Institutional Sell

Public Mutual Berhad
Sold 31-01-2024
-69,155,773 shares
Matthews International Cap Mgmt LLc
Sold 31-01-2024
-36,092,300 shares
SSGA Funds Management Inc
Sold 31-01-2024
-8,579,799 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BBTN stock