PT Bank Ganesha Tbk.

bgtg

Overview

BGTG Overview

PT Bank Ganesha Tbk is an Indonesian-based commercial banking company. The Company offers third party deposit products in time deposits, current accounts, and savings accounts, as well as extends loans to corporate and small medium enterprises (SME) segments. The Company operates through four segments: Banking, Consumer, Treasury, and Others. The Banking segment includes products and services for interbank transactions. The Consumer segment includes products and services for transactions with customers. The Treasury segment includes products and services of treasury division transactions, not including interbank and customer transactions. Its savings products include Ganesha Savings, Ganesha Optima Savings, Ganesha Time Deposits, Ganesha Current Account, Tabungan, TabunganKu, and Ganesha Giro Active. Its loan products include current account loan, short term loan, fixed loan, export credit and letter of credit. It offers safe deposit box and export/import.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BGTG

Development
Market Cap.
IDR 1.63Trillion

~$102.78M USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BGTG Valuation Metrics

68

IDR

Closing Price on 2024-04-05

Price to Equity

20.77

P/E

At 20.77x P/E TTM, BGTG.JK is trading at a premium to its peers in the Banks sector (avg 13.8x).

Price to Book

0.51

P/B

At 0.51x P/B TTM, BGTG.JK is trading at a discount to its peers in the Banks sector.

Price to Sales

3.43

P/S

At 3.43x P/S TTM, BGTG.JK is trading in line with its peers in the Banks sector.

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

Price/Cash Flow
-51.13x
Price/Forward Earnings
-
PEG Ratio
0.80x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR682024-04-05
IDR 19.53

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BGTG is IDR20, which is 70% lower than BGTG's last closing price of IDR68 (as of 2024-04-05).

Valuation Recap of BGTG 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 20.77x 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 0.51x is similar to the peers average of 0.88x in the Banks sector. In fact, less than 25% of its peers trade at a lower P/B ratio than BGTG.●●
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 3.43x is similar to 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 BGTG's valuation relative to its current sales and future earnings growth.
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. BGTG's P/CF ratio of -51.13x is considered healthy by analysts.●●
Max 2
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BGTG is IDR 19.53, which is 70% lower than BGTG's last closing price of IDR 68.00.
Max 3

Peers

BGTG 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 BGTG stock
WeightNotesScore
High
At a market cap of IDR 1,630.03 billion, BGTG.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 20.77, BGTG.JK ranks 5 out of 10 companies in the Financials sector for P/E value. The average PE is 28.54 (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 Sinar Mas Multiartha Tbk (84.38) in the Financials sector.
Max 2
Medium
At a PE of 20.77, BGTG.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 0.48 trillion, BGTG.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.08 trillion, BGTG.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BGTG

Growth Forecasts

No data available

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
No data is available for BGTG at the moment.
Future growth prospect of BGTG
WeightNotesScore
High
BGTG'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 BGTG'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 BGTG's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
BGTG 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 BGTG's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Lenny Sugihat15.2 years

Vice President Director

Mahesh Ajit Ranade15.4 years
Setiawan Kumala
Director
Agoes Roediyanto
Director
Arif Wicaksono
Director
Suroso
Director
NamePositionShares%
Mahesh Ajit RanadeVice President Director1,200,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BGTG Ownership

Others
41.8%
Insiders
58.04%
Institutions
0.16%
NameNumber of SharesOwnership (%)Value
Public8,508,718,40335.49578.59B
Pt Equity Development Investment Tbk8,336,410,00034.78566.88B
Equity Global International Limited5,736,363,40023.93390.07B
Uob Kay Hian Pte Ltd1,388,305,3005.7994.40B
Mahesh Ajit Ranade1,200,0000.010.08B

Largest Institutional Buy

No data is available for BGTG at the moment.

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-01-2024
-5,450,900 shares
Dimensional Fund Advisors LP
Sold 31-01-2024
-2,693,254 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BGTG stock