PT Bhakti Multi Artha Tbk.

bhat

Overview

BHAT Overview

PT Bhakti Multi Artha Tbk is an Indonesia-based company, which operates in management consulting areas and a holding company. The Company’s segments include life insurance and others. The Company’s subsidiaries include PT Nasional Investindo Perkasa (NIP), PT Bhakti Fintek Indonesia (BFI), PT Bhakti Cahaya Utama (BCU) and PT Asuransi Jiwa Nasional (ASJN). NIP is involved in management consulting services and holding company activities. BFI is involved in management consulting services. BCU is involved in management consulting services. ASJN is involved in the insurance business.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BHAT

Development
Market Cap.
IDR 2.12Trillion

~$133.68M USD

Industry
Insurance
Sub-Industry
Life Insurance
Sector
Financials
Sub-Sector

Valuation

BHAT Valuation Metrics

424

IDR

Closing Price on 2024-04-05

Price to Equity

1019.72

P/E

At 1019.72x P/E TTM, BHAT.JK is trading at a premium to its peers in the Insurance sector (avg 12.1x).

Price to Book

3.99

P/B

At 3.99x P/B TTM, BHAT.JK is trading at a premium to its peers in the Insurance sector (avg 0.7x).

Price to Sales

13.77

P/S

At 13.77x P/S TTM, BHAT.JK is trading at a premium to its peers in the Insurance sector (avg 1.3x).

Valuing PT Bhakti Multi Artha Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Insurance sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Bhakti Multi Artha Tbk. relative to other stocks in the Insurance sector

Price/Cash Flow
76.63x
Price/Forward Earnings
-
PEG Ratio
19.26x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR4242024-04-05
IDR 5.03

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BHAT is IDR5, which is 98% lower than BHAT's last closing price of IDR424 (as of 2024-04-05).

Valuation Recap of BHAT 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 1019.72x is above the ID market average of 8.22x and is trading at a premium to peers in the Insurance sector (12.09x). In fact, less than 25% of its peers trade at a higher P/E ratio than BHAT.
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 3.99x is above the peers average of 0.74x in the Insurance sector. BHAT trades at a higher P/B ratio than >75% of its peers in the Insurance 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 13.77x is above the peers average of 1.29x in the Insurance sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BHAT'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. BHAT's P/CF ratio of 76.63x is considered a relatively high ratio by analysts.
Max 2
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BHAT is IDR 5.03, which is 98% lower than BHAT's last closing price of IDR 424.00.
Max 3

Peers

BHAT 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
LIFEPT MSIG Life Insurance Indonesia Tbk.12.60T14.74T 3.37T 0.26T 49.081.69
Competitiveness Recap of BHAT stock
WeightNotesScore
High
At a market cap of IDR 2,120.00 billion, BHAT.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 1019.72, BHAT.JK ranks 1 out of 10 companies in the Financials sector for P/E value. The average PE is 128.43 (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. false●●
Max 2
Medium
At a PE of 1019.72, BHAT.JK is trading at a higher PE than that of its subsector peers in Insurance (median of 12.09). false●●
Max 2
Medium
At a revenue of IDR 0.15 trillion, BHAT.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.00 trillion, BHAT.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BHAT

Growth Forecasts

No data available

Sector Benchmark

Insurance companies in Indonesia are growing at a projected rate of 86.43% against the IDX average of +12.0%.

Insurance sector overview
No data is available for BHAT at the moment.
Future growth prospect of BHAT
WeightNotesScore
High
BHAT's projected growth rate of 86.43% is above the ID market average of 11.98%.●●
Max 3
High
The Insurance sub-sector is projected to grow revenue by 86.43% in 2024. This number is higher than the previous year 2023's growth rate of 75.33%. This bodes well for BHAT's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Insurance sub-sector is projected to decrease earnings by 0.00% in 2024. This number is lower than the previous year 2023's EPS growth of 0.00%. false
Max 3
Medium
BHAT and its peers in the Insurance 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 BHAT's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Dimas Teguh Mulyanto15.2 years
Chadafy Maraden Sibarani
Director
NamePositionShares%
No data is available for BHAT at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

BHAT Ownership

Others
40%
Insiders
60%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Bhakti Artha Global (D/H Pt Nasional Niaga Abadi)2,700,000,000541,144.80B
Public2,000,000,00040848.00B
Pt Surya Duta Mas300,000,0006127.20B

Largest Institutional Buy

No data is available for BHAT at the moment.

Largest Institutional Sell

SSGA Funds Management Inc
Sold 31-01-2024
-109,900 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BHAT stock