PT Bank Ina Perdana Tbk.

Overview

BINA Overview

PT Bank Ina Perdana Tbk is an Indonesian-based commercial bank. The Company offers a range of products, such as deposits, credits, and banking services. Its deposit products include savings, deposit accounts, and current accounts. Its credit products include productive credit, consumer credit, and cashless credit. Its productive credit includes small and medium enterprises, commercial corporations, and micro (loan program). Its consumer credit includes INA ready cash (IRC), property ownership financing (KPP), multi-purpose financing (KMG), vehicle ownership financing (KKB), and non-collateral financing (KTA). Its cashless credit consists of bank guarantee products, such as bid bond/tender bond, advance payment bond, performance bond, customs bond, and payment bond. Its banking services include INA mobile registration and activation, activation of Internet banking business user maker (without Tokens), online transaction services, such as INA Mobile Banking and INA Internet Banking.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BINA

Main
Market Cap.
IDR 25.83Trillion

~$1.59B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BINA Valuation Metrics

4,210

IDR
0.0%

Closing Price on 2024-07-19

Price to Equity

127.03

P/E

At 127.03x P/E TTM, BINA.JK is trading at a premium to its peers in the Banks sector (avg 15.7x).

Price to Book

7.24

P/B

At 7.24x P/B TTM, BINA.JK is trading at a premium to its peers in the Banks sector (avg 0.8x).

Price to Sales

32.89

P/S

At 32.89x P/S TTM, BINA.JK is trading at a premium to its peers in the Banks sector (avg 3.6x).

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

Price/Cash Flow71.44x
Price/Forward Earnings-
PEG Ratio-2.69x

Intrinsic Value

Last closing: IDR4,2102024-07-19
IDR 243.51

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BINA is IDR244, which is 93% lower than BINA's last closing price of IDR4,210 (as of 2024-07-19).

Valuation Recap of BINA 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 127.03x is above the ID market average of 8.44x and is trading at a premium to peers in the Banks sector (15.68x). In fact, less than 25% of its peers trade at a higher P/E ratio than BINA.

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 7.24x is above the peers average of 0.81x in the Banks sector. BINA trades at a higher P/B ratio than >75% of its peers in the Banks 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 32.89x is above the peers average of 3.57x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BINA'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. BINA's P/CF ratio of 71.44x is considered a relatively high ratio by analysts.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BINA is IDR 243.51, which is 93% lower than BINA's last closing price of IDR 4,210.00.

Peers

BINA 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.1,245.08T1,408.11T 101.91T 48.64T 25.605.14
BBRIPT Bank Rakyat Indonesia (Persero) Tbk738.88T1,989.07T 178.91T 59.88T 12.342.52
BMRIPT Bank Mandiri (Persero) Tbk611.33T2,174.22T 123.24T 55.06T 11.102.34
BBNIPT Bank Negara Indonesia (Persero) Tbk189.03T1,066.72T 60.27T 21.08T 8.971.30
BRISPT Bank Syariah Indonesia Tbk113.02T357.90T 19.39T 5.91T 19.132.79
SMMAPT Sinar Mas Multiartha Tbk92.97T116.18T 25.19T 0.45T 207.773.97
DNETPT Indoritel Makmur Internasional Tbk.70.21T20.44T 1.40T 0.58T 120.885.44
MEGABank Mega Tbk58.70T126.53T 7.85T 3.60T 16.322.94
BNGAPT Bank CIMB Niaga Tbk44.76T332.99T 19.03T 6.58T 6.800.87
BNLIBank Permata Tbk33.47T252.84T 11.97T 2.95T 11.350.82
Competitiveness Recap of BINA stock
WeightNotesScore
High
At a market cap of IDR 25,827.17 billion, BINA.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 127.03, BINA.JK ranks 2 out of 10 companies in the Financials sector for P/E value. The average PE is 55.59 (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 (207.77) in the Financials sector.

Medium
At a PE of 127.03, BINA.JK is trading at a higher PE than that of its subsector peers in Banks (median of 15.68). false

Medium
At a revenue of IDR 0.79 trillion, BINA.JK ranks 10 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 0.20 trillion, BINA.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of BINA

Growth Forecasts

Analyst Ratings

Based on ratings from 16 analysts for BINA over the past 3 months.

Strong Buy

Strong Buy

81.3%

Buy

0.0%

Hold

18.8%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-06-28

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 16.22% against the IDX average of +13.8%.

Banks sector overview
No data is available for BINA at the moment.
Future growth prospect of BINA
WeightNotesScore
High
BINA's projected growth rate of 16.22% is above the ID market average of 13.82%.

High
The Banks sub-sector is projected to grow revenue by 24.55% in 2025. This number is higher than the previous year 2024's growth rate of 13.15%. This bodes well for BINA's revenue growth prospects in the next 2 years.

Medium
The Banks sub-sector is projected to increase earnings by 15.70% in 2025. This number is higher than the previous year 2024's EPS growth of 4.63%. This bodes well for BINA's earnings growth prospects in the next 2 years.

Medium
BINA 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 2025. Specifically, earnings are projected to increase by 15.70% in 2025 while revenue growth is projected to increase by 24.44%. These macroeconomic trends will likely be a tailwind for BINA's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of BINA

Oscillators

Buy

Sell

1

Neutral

7

Buy

3

Summary

Strong Buy

Sell

2

Neutral

8

Buy

16

Moving Averages

Strong Buy

Sell

1

Neutral

1

Buy

13

Summary

Technical Ratings of BINA
IndicatorSummarySellNeutralBuy
SummaryStrong Buy2816
OscillatorsBuy173
Moving AveragesStrong Buy1113

Last Update: 2024-07-19

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Management

Executive Management

President Director

Henry Koenaifi15.2 years

Vice President Director

Yulius Purnama Junaedi15.4 years
Kiung Hui NgoDirector
Adhiputra TanoyoDirector
Yandy RamadhaniDirector
Dewi Kurniawati ProdjohartonoDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for BINA at the moment.

Ownership

BINA Ownership

NameNumber of SharesOwnership (%)Value
Pt Indolife Pensiontama1,400,830,85222.835,897.50B
Public (Scripless)1,204,331,22319.635,070.23B
Pt. Samudra Biru1,114,213,06618.164,690.84B
Uob Kay Hian Pte Ltd1,034,416,55016.864,354.89B
Pt. Gaya Hidup Masa Kini726,190,05711.843,057.26B
Dbs Bank Ltd S/A Ltsl As Trustee Of Ns Financial Fund593,387,7509.672,498.16B
Public (Scrip)61,347,1671258.27B

Largest Institutional Buy

Dimensional Fund Advisors
Bought 31-01-2024
+38,500 shares
Dimensional Fund Advisors LP
Bought 31-01-2024
+805 shares

Largest Institutional Sell

SSGA Funds Management Inc
Sold 31-01-2024
-20,900 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BINA stock

Sustainability

Environmental, Social, and Governance (ESG) Risk Assessment

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

ESG Risk Rating

10
20
30
40
0
100

26.2

Medium Risk

Negligible

Low

Medium

High

Severe

ESG Risk Ranking among Banks Peers

1st rank = lowest risk

534

/ 1,051 peers worldwide

Global ESG Risk Ranking

9,093

/ 16,216 all companies worldwide

Last Full Update: 2023-11-27

Last Update: 2023-11-27

Source: Sustainalytics, Inc.

BINA Filings

No noteworthy filings to report on

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