PT Global Digital Niaga Tbk

Overview

BELI Overview

PT Global Digital Niaga Tbk is engaged in wholesale and retail and technology and information. The Company’s segments include first-party (1P), third-party (3P), Institutions, and Physical Stores. The 1P is a business-to-consumer segment which offers a variety of first party products and services online from various categories. The 3P Retail is a business-to-consumer segment which offers a variety of third-party products and services online from various categories including tiket.com. The Institutions is a business-to-business segment that offers a variety of 1P and 3P products and services to institutional consumers, both to public and private consumers throughout Indonesia. The Physical Stores is the offline trading business segment in the consumer electronics sector in collaboration with partners from various global brands, as well as operating premium supermarket outlets that provide fresh products and daily consumer goods operated by Subsidiary PT Supra Boga Lestari Tbk.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BELI

New Economy
Market Cap.
IDR 55.69Trillion

~$3.42B USD

Industry
Online Applications & Services
Sub-Industry
Online Applications & Services
Sector
Technology

Valuation

BELI Valuation Metrics

452

IDR
0.0%

Closing Price on 2024-07-19

Price to Equity

-16.12

P/E

At -16.12x P/E TTM, BELI.JK has a negative P/E ratio, most commonly seen in loss-making companies.

Price to Book

6.98

P/B

At 6.98x P/B TTM, BELI.JK is trading at a premium to its peers in the Software & IT Services sector (avg 1.4x).

Price to Sales

3.76

P/S

At 3.76x P/S TTM, BELI.JK is trading at a premium to its peers in the Software & IT Services sector (avg 0.8x).

Valuing PT Global Digital Niaga Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Software & IT Services sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Global Digital Niaga Tbk relative to other stocks in the Software & IT Services sector

Price/Cash Flow-18.00x
Price/Forward Earnings-
Enterprise Value/Revenue3.75x
Enterprise Value/EBITDA-19.46x
PEG Ratio-0.76x

Intrinsic Value

Last closing: IDR4522024-07-19
IDR 895.40

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BELI is IDR895, which is 99% higher than BELI's last closing price of IDR452 (as of 2024-07-19).

Valuation Recap of BELI 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 BELI 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 6.98x is above the peers average of 1.43x in the Software & IT Services sector. BELI trades at a higher P/B ratio than >75% of its peers in the Software & IT Services 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 3.76x is above the peers average of 0.77x in the Software & IT Services sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BELI's valuation relative to its current sales and future earnings growth.

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. BELI's P/CF ratio of -18.00x is considered healthy by analysts.

Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. BELI's EV/R ratio of 3.75x is considered a relatively high ratio. The average EV/R ratio for the Software & IT Services sector is 0.87x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BELI is IDR 895.40, which is 99% higher than BELI's last closing price of IDR 452.00.

Peers

BELI 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
DCIIPT DCI Indonesia Tbk94.16T3.76T 1.31T 0.51T 183.5341.99
BELIPT Global Digital Niaga Tbk55.69T14.89T 14.81T -3.45T -16.126.98
GOTOPT GoTo Gojek Tokopedia Tbk53.53T47.74T 15.53T -87.40T -0.611.43
EMTKElang Mahkota Teknologi Tbk25.77T42.98T 7.85T 0.45T 57.320.74
BUKAPT Bukalapak.com Tbk12.99T25.98T 4.60T -0.40T -32.370.51
MTDLMetrodata Electronics Tbk7.98T10.18T 15.67T 0.40T 19.812.07
EDGEPT Indointernet Tbk.7.96T2.77T 0.98T 0.26T 30.185.19
MSTIPT Mastersystem Infotama Tbk.4.90T0.00T 0.00T 0.00T
MLPTPT Multipolar Technology Tbk.2.30T3.18T 2.56T 0.18T 12.832.95
CYBRPT ITSEC Asia Tbk.2.13T0.19T 0.05T -0.01T -149.7426.07
Competitiveness Recap of BELI stock
WeightNotesScore
High
At a market cap of IDR 55,690.92 billion, BELI.JK ranks 2 in Market Cap out of 10 companies in the Technology sector.

High
At a PE of -16.12, BELI.JK ranks 8 out of 10 companies in the Technology sector for P/E value. The average PE is 10.48 (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 Technology. In this regard, it trails behind sector leaders such as PT DCI Indonesia Tbk (183.53) in the Technology sector.

Medium
At a PE of -16.12, BELI.JK is trading at a lower PE than that of its subsector peers in Software & IT Services (median of 1.78). 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 14.81 trillion, BELI.JK ranks 3 in Revenue out of 10 companies in the Technology sector.

Medium
At a profit of -IDR 3.45 trillion, BELI.JK ranks 9 in Profit out of 10 companies in the Technology sector.

Future

Future Growth of BELI

Growth Forecasts

Analyst Ratings

Based on ratings from 2 analysts for BELI over the past 3 months.

Strong Buy

Strong Buy

50.0%

Buy

0.0%

Hold

50.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-07-10

Sector Benchmark

Software & IT Services companies in Indonesia are growing at a projected rate of 29.97% against the IDX average of +13.8%.

Software & IT Services sector overview
No data is available for BELI at the moment.
Future growth prospect of BELI
WeightNotesScore
High
BELI's projected growth rate of 29.97% is above the ID market average of 13.82%.

High
The Software & IT Services sub-sector is projected to grow revenue by 36.80% in 2025. This number is higher than the previous year 2024's growth rate of 12.85%. This bodes well for BELI's revenue growth prospects in the next 2 years.

Medium
The Software & IT Services sub-sector is projected to decrease earnings by -319.84% in 2025. This number is lower than the previous year 2024's EPS growth of -240.22%. false

Medium
BELI and its peers in the Software & IT Services sub-sector belongs to the Technology sector. Companies in the Technology sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -319.84% in 2025 while revenue growth is projected to increase by 36.80%. These macroeconomic trends will likely be a headwind for BELI's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of BELI

Oscillators

Sell

Sell

2

Neutral

9

Buy

0

Summary

Strong Sell

Sell

16

Neutral

10

Buy

0

Moving Averages

Strong Sell

Sell

14

Neutral

1

Buy

0

Summary

Technical Ratings of BELI
IndicatorSummarySellNeutralBuy
SummaryStrong Sell16100
OscillatorsSell290
Moving AveragesStrong Sell1410

Last Update: 2024-07-19

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Management

Executive Management

President Director

Kusumo Martanto15.2 years
HendryDirector
Lisa WidodoDirector
Eric Alamsjah WinartaDirector
Andy UntonoDirector
Ronald WinardiDirector
NamePositionShares%Stock Value
(in Billion IDR)
Andy UntonoDirector5,059,167< 0.012.29B
Eric Alamsjah WinartaDirector3,659,167< 0.011.65B
HendryDirector6,954,998< 0.013.14B
Honky HarjoVice President Commissioner207,601,8790.1793.84B
Kusumo MartantoPresident Director93,274,9930.0842.16B
Lisa WidodoDirector16,254,998< 0.017.35B
Ronald WinardiDirector50,942,4000.0423.03B

Ownership

BELI Ownership

NameNumber of SharesOwnership (%)Value
Pt Global Investama Andalan100,909,002,82081.945,610.87B
Public (Scripless)21,917,699,79417.799,906.80B
Honky Harjo207,601,8790.1793.84B
Kusumo Martanto93,274,9930.0842.16B
Ronald Winardi50,942,4000.0423.03B
Lisa Widodo16,254,9980.017.35B
Hendry6,954,9980.013.14B

Largest Institutional Buy

Länsförsäkringar Fondförvaltning AB
Bought 31-01-2024
+3,228,382 shares

Largest Institutional Sell

NN Investment Partners (Japan) Co Ltd
Sold 31-01-2024
-9,128,900 shares
Amplify Investments LLC
Sold 31-01-2024
-1,802,900 shares
Renaissance Capital LLC
Sold 31-01-2024
-1,163,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BELI stock

Sustainability

Environmental, Social, and Governance (ESG) Risk Assessment

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

ESG Risk Rating

10
20
30
40
0
100

21.2

Medium Risk

Negligible

Low

Medium

High

Severe

ESG Risk Ranking among Retailing Peers

1st rank = lowest risk

375

/ 516 peers worldwide

Global ESG Risk Ranking

5,637

/ 16,216 all companies worldwide

Last Full Update: 2024-03-26

Last Update: 2024-04-27

Source: Sustainalytics, Inc.

BELI Filings

No noteworthy filings to report on

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