BFI Finance Indonesia Tbk

bfin

+2.62%

Overview

BFIN Overview

PT BFI Finance Indonesia Tbk is an Indonesia-based multifinance company. The Company is engaged in various business activities, including finance lease, sale and leaseback, consumer financing, working capital, funding facility, factoring, project financing and others. Its business activities include three types of financing: working capital, investment, and multipurpose financing; sales lease back financing; and unsecured financing. The working capital, investment and multipurpose financing is given for productive needs, such as working capital, investment, and business development, as well as for consumptive needs, such as wedding costs, home renovations, and others. The sales lease back financing is engaged in financing the purchase of new and used machinery and heavy equipment to support business productivity, ranging from various industrial heavy equipment. It offers unsecured financing for educational needs, tourist trips, and mirko, small and medium business development.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BFIN

Main
Market Cap.
IDR 17.67Trillion

~$1.10B USD

Industry
Consumer Financing
Sub-Industry
Consumer Financing
Sector
Financials

Valuation

BFIN Valuation Metrics

1,175

IDR
+2.6%

Closing Price on 2024-04-18

Price to Equity

10.75

P/E

At 10.75x P/E TTM, BFIN.JK is trading in line with its peers in the Financing Service sector.

Price to Book

1.86

P/B

At 1.86x P/B TTM, BFIN.JK is trading at a premium to its peers in the Financing Service sector (avg 1.0x).

Price to Sales

2.87

P/S

At 2.87x P/S TTM, BFIN.JK is trading at a discount to its peers in the Financing Service sector.

Valuing BFI Finance Indonesia Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Financing Service sector

Historical Price to Earnings

Other Valuation Metrics

Valuing BFI Finance Indonesia Tbk relative to other stocks in the Financing Service sector

Price/Cash Flow
63.87x
Price/Forward Earnings
8.38x
Enterprise Value/Revenue
4.77x
Enterprise Value/EBITDA
11.68x
PEG Ratio
-0.34x

Analyst Ratings

40
60
80
0
100

62.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,1752024-04-18
IDR 955.64

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of BFIN is IDR956, which is 18% lower than BFIN's last closing price of IDR1,175 (as of 2024-04-18).

Valuation Recap of BFIN 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 10.75x is above the ID market average of 8.46x but is trading in a P/E range similar to its peers in the Financing Service sector (10.75x).

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 1.86x is above the peers average of 1.02x in the Financing Service sector. BFIN trades at a higher P/B ratio than >75% of its peers in the Financing Service 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 2.87x is below the peers average of 3.91x in the Financing Service sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BFIN's valuation relative to its current sales and future earnings growth. BFIN trades at a Forward P/E ratio of 8.38x, 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. BFIN's P/CF ratio of 63.87x is considered a relatively high ratio 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. BFIN's EV/R ratio of 4.77x is considered a relatively high ratio The average EV/R ratio for the Financing Service sector is 6.36x.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of BFIN is IDR 955.64, which is 18% lower than BFIN's last closing price of IDR 1,175.00.

Peers

BFIN 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
BFINBFI Finance Indonesia Tbk17.67T23.99T 6.15T 1.64T 10.751.86
Competitiveness Recap of BFIN stock
WeightNotesScore
High
At a market cap of IDR 17,671.29 billion, BFIN.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 10.75, BFIN.JK ranks 8 out of 10 companies in the Financials sector for P/E value. The average PE is 29.55 (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 10.75, BFIN.JK is trading at a higher PE than that of its subsector peers in Financing Service (median of 10.75). false

Medium
At a revenue of IDR 6.15 trillion, BFIN.JK ranks 9 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 1.64 trillion, BFIN.JK ranks 8 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of BFIN

Growth Forecasts

BFIN 2024 Revenue Growth
+1.2%
BFIN 2024 EPS Growth
+4.0%
Sector Revenue Growth
-18.7%
Financing Service
Indonesia Market Growth
+7.6%
IDX overall growth
Financing Service Sector Revenue Growth '24
-2.9%
Financials Sector Revenue Growth '24
+34.1%

Sector Benchmark

Financing Service companies in Indonesia are shrinking at a projected rate of -18.69% against the IDX average of +7.6%.

Financing Service sector overview

BFIN Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BFIN
WeightNotesScore
High
BFIN's projected growth rate of -18.69% is below the ID market average of 7.62%.

Medium
BFIN and its peers in the Financing Service 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 BFIN's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Francis Lay Sioe Ho15.2 years
Sudjono
Director
Sutadi
Director
Andrew Adiwijanto
Director
NamePositionShares%
Andrew AdiwijantoDirector10,240,0000.06
Lay Sioe HoDirector344,108,1802.16
SudjonoDirector26,310,8000.16
SutadiDirector17,517,0000.11
Expressed in millions IDR, unless otherwise stated

Ownership

BFIN Ownership

Others
41.23%
Insiders
50.64%
Institutions
8.13%
NameNumber of SharesOwnership (%)Value
Trinugraha Capital & Co Sca7,688,125,93848.159,033.55B
Public (Scripless)6,113,935,76238.37,183.87B
Treasury Stock927,732,0005.811,090.09B
Db Spore Ses Clt A/C For Ntasian Discovery Mstr Fd-864134218822,101,3005.15965.97B
Lay Sioe Ho344,108,1802.16404.33B
Sudjono26,310,8000.1630.92B
Sutadi17,517,0000.1120.58B
Public (Scrip)17,044,6400.120.03B
Andrew Adiwijanto10,240,0000.0612.03B

Largest Institutional Buy

Nomura Asset Management Co Ltd
Bought 31-01-2024
+10,489,500 shares
State Street Global Advisors
Bought 31-01-2024
+9,184,775 shares
Daiwa Asset Management Co Ltd
Bought 31-01-2024
+3,324,000 shares

Largest Institutional Sell

Goldman Sachs Asset Management, L.P.
Sold 31-01-2024
-34,273,900 shares
Invesco Capital Management LLC
Sold 31-01-2024
-17,537,072 shares
Samsung Asset Management Co Ltd
Sold 31-01-2024
-12,830,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BFIN stock