Bank Pembangunan Daerah Jawa Barat dan Banten Tbk

Overview

BJBR Overview

PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk is an Indonesia-based company that is primarily engaged in banking sector. The Company is engaged in offering products and services, including savings, loans and services. The Company offers a range of savings, including Giro, Business Product Simulation and Storage area. It offers loans, including Small and Medium Business Loan, bjb Credit to Financing Institutions, bjb Receivable Financing, bjb Distributor Financing, Kredit Cash Collateral, Regional Loans, Warehouse Receipt Subsidy Scheme (SSRG), Credit to Cooperatives, Credit to ACA, bjb Short Term Credit, bjb Supply Chain Financing, bjb Working Capital Credit and bjb Investment Credit. The Company’s services include Internet Banking Corporate, Treasury, Trade Finance and Service, bjb Remittance, bjb Cash Management Service, bjb Bank Guarantee and Bank Financial Support. It also offers investment and insurance, and e-banking products and services.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BJBR

Main
Market Cap.
IDR 10.68Trillion

~$0.66B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BJBR Valuation Metrics

1,015

IDR
0.0%

Closing Price on 2024-07-18

Price to Equity

5.94

P/E

At 5.94x P/E TTM, BJBR.JK is trading at a discount to its peers in the Banks sector.

Price to Book

0.67

P/B

At 0.67x P/B TTM, BJBR.JK is trading at a discount to its peers in the Banks sector.

Price to Sales

1.25

P/S

At 1.25x P/S TTM, BJBR.JK is trading at a discount to its peers in the Banks sector.

Valuing Bank Pembangunan Daerah Jawa Barat dan Banten 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 Bank Pembangunan Daerah Jawa Barat dan Banten Tbk relative to other stocks in the Banks sector

Price/Cash Flow-4.23x
Price/Forward Earnings4.95x
PEG Ratio-0.26x

Intrinsic Value

Last closing: IDR1,0152024-07-18
IDR 2,068.74

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BJBR is IDR2,069, which is 105% higher than BJBR's last closing price of IDR1,015 (as of 2024-07-18).

Valuation Recap of BJBR 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 5.94x is below the ID market average of 8.44x and is trading at a discount to peers in the Banks sector (15.68x). In fact, less than 25% of its peers trade at a lower P/E ratio than BJBR.

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 0.67x is similar to the peers average of 0.81x 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 1.25x is below 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 BJBR's valuation relative to its current sales and future earnings growth. BJBR trades at a Forward P/E ratio of 4.95x, 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. BJBR's P/CF ratio of -4.23x is considered healthy by analysts.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BJBR is IDR 2,068.74, which is 105% higher than BJBR's last closing price of IDR 1,015.00.

Peers

BJBR 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 BJBR stock
WeightNotesScore
High
At a market cap of IDR 10,679.22 billion, BJBR.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 5.94, BJBR.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 43.48 (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 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 5.94, BJBR.JK is trading at a lower PE than that of its subsector peers in Banks (median of 15.68). 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 8.51 trillion, BJBR.JK ranks 8 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 1.80 trillion, BJBR.JK ranks 8 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of BJBR

Growth Forecasts

Analyst Ratings

Based on ratings from 1 analysts for BJBR over the past 3 months.

Hold

Strong Buy

0.0%

Buy

0.0%

Hold

100.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-07-10

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

BJBR Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BJBR
WeightNotesScore
High
BJBR'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 BJBR'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 BJBR's earnings growth prospects in the next 2 years.

Medium
BJBR 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 BJBR's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of BJBR

Oscillators

Buy

Sell

0

Neutral

9

Buy

2

Summary

Buy

Sell

4

Neutral

10

Buy

12

Moving Averages

Buy

Sell

4

Neutral

1

Buy

10

Summary

Technical Ratings of BJBR
IndicatorSummarySellNeutralBuy
SummaryBuy41012
OscillatorsBuy092
Moving AveragesBuy4110

Last Update: 2024-07-19

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Management

Executive Management

President Director

Yuddy Renaldi15.2 years
Tedi SetiawanDirector
Rio LanasierDirector
Hana DartiwanDirector
Yusuf SaadudinDirector
Nancy AdistyasariDirector
Cecep TrisnaDirector
NamePositionShares%Stock Value
(in Billion IDR)
Cecep TrisnaDirector718,127< 0.010.73B
Nancy AdistyasariDirector976,859< 0.010.99B
Rio LanasierDirector1,489,418< 0.011.51B
Rudie KusmayadiCommissioner40,811< 0.010.04B
Tedi SetiawanDirector1,489,408< 0.011.51B
Tomsi TohirCommissioner40,811< 0.010.04B
Yuddy RenaldiPresident Director2,190,6560.022.22B

Ownership

BJBR Ownership

NameNumber of SharesOwnership (%)Value
Pemda Provinsi Jawa Barat4,053,172,59538.524,113.97B
Pemda Se-Jawa Barat Dan Banten3,133,499,54729.783,180.50B
Public (Scripless)2,564,926,38824.392,603.40B
Pemda Kabupaten Bandung761,921,1897.24773.35B
Yuddy Renaldi2,190,6560.022.22B
Nancy Adistyasari976,8590.010.99B
Hana Dartiwan*725,5680.010.74B
Rio Lanasier1,489,4180.011.51B
Tedi Setiawan1,489,4080.011.51B
Cecep Trisna718,1270.010.73B

Largest Institutional Buy

State Street Global Advisors
Bought 31-01-2024
+1,180,410 shares
Acadian Asset Management LLC
Bought 31-01-2024
+502,920 shares
Daiwa Asset Management (Singapore) Ltd.
Bought 31-01-2024
+104,039 shares

Largest Institutional Sell

Globeflex Capital LP (California)
Sold 31-01-2024
-11,078,300 shares
Danske Bank Asset Management
Sold 31-01-2024
-3,383,958 shares
Trustus Capital Management BV
Sold 31-01-2024
-2,550,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BJBR stock

Sustainability

Environmental, Social, and Governance (ESG) Risk Assessment

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

ESG Risk Rating

10
20
30
40
0
100

29.8

Medium Risk

Negligible

Low

Medium

High

Severe

ESG Risk Ranking among Banks Peers

1st rank = lowest risk

805

/ 1,051 peers worldwide

Global ESG Risk Ranking

11,404

/ 16,216 all companies worldwide

Last Full Update: 2023-03-31

Last Update: 2023-03-31

Source: Sustainalytics, Inc.

BJBR Filings

No noteworthy filings to report on

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