PT Bank Maspion Indonesia Tbk.

bmas

Overview

BMAS Overview

PT Bank Maspion Indonesia Tbk is engaged in commercial banking. It offers a range of products, such as savings, deposit, current account, loans, trade finance, and remittance. Its savings products include gold saving, Karya Savings, Si Cerdas Savings, Arthadollar, and Autosaving Plan. Its current account products include personal current account, hebat current account, and company current account. Its loan products include working capital, investment loans, consumer loans, and general personal loans. Its trade finance includes letter of credit export, letter of credit import, local letter of credit, and bank guarantee. Its various bank guarantee includes trading guaranty bank, advance payment guaranty bank, performance bond guaranty bank/working implementation, and retention guaranty bank/remaining contract money. Its remittance products include outward remittance and inward remittance. It offers Internet remittance banking, automated teller machines (ATM) and mobile banking.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BMAS

Development
Market Cap.
IDR 9.41Trillion

~$593.29M USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BMAS Valuation Metrics

525

IDR

Closing Price on 2024-04-05

Price to Equity

123.75

P/E

At 123.75x P/E TTM, BMAS.JK is trading at a premium to its peers in the Banks sector (avg 13.8x).

Price to Book

2.94

P/B

At 2.94x P/B TTM, BMAS.JK is trading at a premium to its peers in the Banks sector (avg 0.9x).

Price to Sales

17.68

P/S

At 17.68x P/S TTM, BMAS.JK is trading at a premium to its peers in the Banks sector (avg 3.6x).

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

Price/Cash Flow
66.25x
Price/Forward Earnings
-
PEG Ratio
-1.58x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR5252024-04-05
IDR 66.12

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BMAS is IDR66, which is 86% lower than BMAS's last closing price of IDR525 (as of 2024-04-05).

Valuation Recap of BMAS 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 123.75x is above the ID market average of 8.22x and is trading at a premium to peers in the Banks sector (13.79x). In fact, less than 25% of its peers trade at a higher P/E ratio than BMAS.
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 2.94x is above the peers average of 0.88x in the Banks sector. BMAS trades at a higher P/B ratio than >75% of its peers in the Banks 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 17.68x is above 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 BMAS'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. BMAS's P/CF ratio of 66.25x is considered a relatively high ratio by analysts.
Max 2
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BMAS is IDR 66.12, which is 86% lower than BMAS's last closing price of IDR 525.00.
Max 3

Peers

BMAS 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 BMAS stock
WeightNotesScore
High
At a market cap of IDR 9,408.84 billion, BMAS.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 123.75, BMAS.JK ranks 1 out of 10 companies in the Financials sector for P/E value. The average PE is 38.84 (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 123.75, BMAS.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 0.53 trillion, BMAS.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.08 trillion, BMAS.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BMAS

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 BMAS at the moment.
Future growth prospect of BMAS
WeightNotesScore
High
BMAS'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 BMAS'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 BMAS's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
BMAS 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 BMAS's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Kasemsri Charoensiddhi15.2 years
Endah Winarni
Director
Iis Herijati
Director
Viktor Ebenheizer Fanggidae
Director
Ivan Adrian Sumampouw
Director
NamePositionShares%
Endah WinarniDirector43,600< 0.01
Iis HerijatiDirector4,600< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BMAS Ownership

Others
-0.9%
Insiders
98.42%
Institutions
2.48%
NameNumber of SharesOwnership (%)Value
Kasikorn Vision Financial Company Pte. Ltd.5,389,963,54062.532,829.73B
Pt Alim Investindo2,515,221,27129.181,320.49B
Kasikornbank Public Company Limited443,901,8085.15233.05B
Pt Guna Investindo260,675,0003.02136.85B
Public (Scripless)9,502,2920.114.99B
Alim Prakasa1,003,2720.010.53B
No data is available for BMAS at the moment.