PT Bank Danamon Indonesia Tbk

bdmn

+0.36%

Overview

BDMN Overview

PT Bank Danamon Indonesia Tbk is an Indonesia-based company engaged in general banking services. The Company's segments include Retail and Wholesale. It serves all segments of banking customers in the Consumer segment, Small Medium Enterprise (SME) segment and Enterprise (Commercial and Corporate) Banking segments. The Bank provides a comprehensive range of banking and financial products and services, including Sharia banking services. In addition, it provides financing for automotive and consumer goods through Adira Finance. It offers banking services, which include savings, loan, card transaction, Danamon promotion, insurance, investment, Danamon optimal, Danamon privilege, sharia personal, Danamon Business Financing, cash management, trade finance, treasury, sharia business and others. Its services can be accessed through its Danamon Online Banking, mobile banking through the D-Bank and D-Card applications, SMS Banking, as well as phone banking services via Hello Danamon.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BDMN

Main
Market Cap.
IDR 27.27Trillion

~$1.70B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BDMN Valuation Metrics

2,790

IDR
+0.4%

Closing Price on 2024-04-18

Price to Equity

8.17

P/E

At 8.17x P/E TTM, BDMN.JK is trading at a discount to its peers in the Banks sector.

Price to Book

0.56

P/B

At 0.56x P/B TTM, BDMN.JK is trading at a discount to its peers in the Banks sector.

Price to Sales

1.45

P/S

At 1.45x P/S TTM, BDMN.JK is trading at a discount to its peers in the Banks sector.

Valuing PT Bank Danamon Indonesia 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 Danamon Indonesia Tbk relative to other stocks in the Banks sector

Price/Cash Flow
-10.00x
Price/Forward Earnings
7.85x
PEG Ratio
0.30x

Analyst Ratings

40
60
80
0
100

50.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR2,7902024-04-18
IDR 3,044.00

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of BDMN is IDR3,044, which is 10% higher than BDMN's last closing price of IDR2,790 (as of 2024-04-18).

Valuation Recap of BDMN 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 8.17x is below the ID market average of 8.46x and is trading at a discount to peers in the Banks sector (13.24x).

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 0.56x is similar to the peers average of 0.84x in the Banks sector. In fact, less than 25% of its peers trade at a lower P/B ratio than BDMN.

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 1.45x is below the peers average of 3.43x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BDMN's valuation relative to its current sales and future earnings growth. BDMN trades at a Forward P/E ratio of 7.85x, 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. BDMN's P/CF ratio of -10.00x is considered healthy by analysts.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of BDMN is IDR 3,044.00, which is 10% higher than BDMN's last closing price of IDR 2,790.00.

Peers

BDMN 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.1,168.03T1,381.45T 98.47T 48.20T 24.234.95
BBRIPT Bank Rakyat Indonesia (Persero) Tbk825.58T1,851.96T 175.51T 56.01T 14.742.69
BMRIPT Bank Mandiri (Persero) Tbk634.67T2,007.16T 135.73T 49.58T 12.802.61
BBNIPT Bank Negara Indonesia (Persero) Tbk197.25T1,086.66T 61.51T 20.91T 9.431.31
BRISPT Bank Syariah Indonesia Tbk119.94T319.85T 19.34T 5.26T 22.823.23
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.65.53T20.71T 1.39T 0.72T 90.885.11
MEGABank Mega Tbk60.47T132.12T 7.81T 3.51T 17.222.78
BNGAPT Bank CIMB Niaga Tbk50.38T329.13T 18.53T 6.10T 8.261.07
BNLIBank Permata Tbk34.91T251.94T 11.63T 1.91T 18.270.89
Competitiveness Recap of BDMN stock
WeightNotesScore
High
At a market cap of IDR 27,268.20 billion, BDMN.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 8.17, BDMN.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 29.29 (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 Indoritel Makmur Internasional Tbk. (90.88) in the Financials sector.

Medium
At a PE of 8.17, BDMN.JK is trading at a lower PE than that of its subsector peers in Banks (median of 13.24). 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 18.78 trillion, BDMN.JK ranks 7 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 3.34 trillion, BDMN.JK ranks 8 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of BDMN

Growth Forecasts

BDMN 2024 Revenue Growth
+14.6%
BDMN 2024 EPS Growth
0.0%
Sector Revenue Growth
+14.6%
Banks
Indonesia Market Growth
+7.6%
IDX overall growth
Banks Sector Revenue Growth '24
+33.5%
Financials Sector Revenue Growth '24
+34.1%

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

BDMN Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BDMN
WeightNotesScore
High
BDMN's projected growth rate of 14.60% is above the ID market average of 7.62%.

High
The Banks sub-sector is projected to grow revenue by 33.55% in 2024. This number is higher than the previous year 2023's growth rate of 13.79%. This bodes well for BDMN's revenue growth prospects in the next 2 years.

Medium
The Banks sub-sector is projected to increase earnings by 72.75% in 2024. This number is higher than the previous year 2023's EPS growth of 33.02%. This bodes well for BDMN's earnings growth prospects in the next 2 years.

Medium
BDMN 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 72.75% in 2024 while revenue growth is projected to increase by 34.06%. These macroeconomic trends will likely be a tailwind for BDMN's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Daisuke Ejima15.2 years

Vice President Director

Honggo Widjojo Kangmasto15.4 years
Rita Mirasari
Director
Dadi Budiana
Director
Herry Hykmanto
Director
Muljono Tjandra
Director
Naoki Mizoguchi
Director
Thomas Sudarma
Director
NamePositionShares%
Dadi BudianaDirector571,500< 0.01
Hafid HadeliVice President Director278,500< 0.01
Herry HykmantoDirector562,956< 0.01
Honggo Widjojo KangmastoVice President Director854,500< 0.01
Muljono TjandraDirector407,700< 0.01
Rita MirasariDirector273,500< 0.01
Thomas SudarmaDirector343,500< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BDMN Ownership

Others
2.24%
Insiders
95.29%
Institutions
2.47%
NameNumber of SharesOwnership (%)Value
Mufg Bank, Ltd (Secara Langsung Dan Tidak Langsung)9,038,053,19292.4725,216.17B
Public (Scripless)730,650,2907.482,038.51B
Public (Scrip)1,557,2320.024.34B
Dadi Budiana571,5000.011.59B
Herry Hykmanto562,9560.011.57B
Honggo Widjojo Kangmasto854,5000.012.38B

Largest Institutional Buy

AJO Vista, LLC
Bought 31-01-2024
+31,400 shares
Legal & General
Bought 31-01-2024
+8,503 shares
State Street Global Advisors Ltd
Bought 31-01-2024
+4,244 shares

Largest Institutional Sell

Charles Schwab Investment Management Inc
Sold 31-01-2024
-638,184 shares
SEI Investments Management Corp
Sold 31-01-2024
-360,600 shares
Segall Bryant & Hamill
Sold 31-01-2024
-220,300 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BDMN stock