PT Bank Maybank Indonesia Tbk

bnii

-4.58%

Overview

BNII Overview

PT Bank Maybank Indonesia Tbk (the Bank) is an Indonesia-based company, which is engaged in the banking business. The Bank’s segments include Global Banking, Business Banking and Retail. The Global Banking segment consists of corporate banking, treasury, overseas branches and sharia. The Business Banking segment consists of Small Medium Enterprise (SME), commercial, micro and sharia. The Retail segment consists of consumer banking, subsidiaries and sharia. The Bank provides digital banking services through M2U ID App, M2U ID Web, ATM, Maybank2E (M2E), Corporate Online Payment (CoOLPay), eCustody and TradeConnex. The Bank has over 80 branches, 239 sub-branches, one micro sub-branch and 17 Sharia branches and two Sharia sub-branches. M2E is a financial transaction solution with regional access through a network that makes it easier for customers to manage business finances. Its subsidiaries include PT Wahana Ottomitra Multiartha Tbk and PT Maybank Indonesia Finance.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BNII

Main
Market Cap.
IDR 19.05Trillion

~$1.19B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BNII Valuation Metrics

250

IDR
-4.6%

Closing Price on 2024-04-18

Price to Equity

11.52

P/E

At 11.52x P/E TTM, BNII.JK is trading in line with its peers in the Banks sector.

Price to Book

0.65

P/B

At 0.65x P/B TTM, BNII.JK is trading at a discount to its peers in the Banks sector.

Price to Sales

1.71

P/S

At 1.71x P/S TTM, BNII.JK is trading at a discount to its peers in the Banks sector.

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

Price/Cash Flow
5.59x
Price/Forward Earnings
-
PEG Ratio
-0.40x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR2502024-04-18
IDR 213.61

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of BNII is IDR214, which is 14% lower than BNII's last closing price of IDR250 (as of 2024-04-18).

Valuation Recap of BNII 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 11.52x is above the ID market average of 8.46x and is trading at a discount to peers in the Banks sector (13.24x).

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 0.65x is similar to the peers average of 0.84x 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 1.71x is below the peers average of 3.43x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BNII'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. BNII's P/CF ratio of 5.59x is considered healthy by analysts.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of BNII is IDR 213.61, which is 14% lower than BNII's last closing price of IDR 250.00.

Peers

BNII 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.1,168.03T1,381.45T 98.47T 48.20T 24.234.95
BBRIPT Bank Rakyat Indonesia (Persero) Tbk825.58T1,851.96T 175.51T 56.01T 14.742.69
BMRIPT Bank Mandiri (Persero) Tbk634.67T2,007.16T 135.73T 49.58T 12.802.61
BBNIPT Bank Negara Indonesia (Persero) Tbk197.25T1,086.66T 61.51T 20.91T 9.431.31
BRISPT Bank Syariah Indonesia Tbk119.94T319.85T 19.34T 5.26T 22.823.23
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.65.53T20.71T 1.39T 0.72T 90.885.11
MEGABank Mega Tbk60.47T132.12T 7.81T 3.51T 17.222.78
BNGAPT Bank CIMB Niaga Tbk50.38T329.13T 18.53T 6.10T 8.261.07
BNLIBank Permata Tbk34.91T251.94T 11.63T 1.91T 18.270.89
Competitiveness Recap of BNII stock
WeightNotesScore
High
At a market cap of IDR 19,053.80 billion, BNII.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 11.52, BNII.JK ranks 8 out of 10 companies in the Financials sector for P/E value. The average PE is 29.63 (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 Indoritel Makmur Internasional Tbk. (90.88) in the Financials sector.

Medium
At a PE of 11.52, BNII.JK is trading at a lower PE than that of its subsector peers in Banks (median of 13.24). 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 11.17 trillion, BNII.JK ranks 8 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 1.65 trillion, BNII.JK ranks 8 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of BNII

Growth Forecasts

BNII 2024 Revenue Growth
-10.7%
BNII 2024 EPS Growth
0.0%
Sector Revenue Growth
+14.6%
Banks
Indonesia Market Growth
+7.6%
IDX overall growth
Banks Sector Revenue Growth '24
+33.5%
Financials Sector Revenue Growth '24
+34.1%

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 14.60% against the IDX average of +7.6%.

Banks sector overview

BNII Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BNII
WeightNotesScore
High
BNII's projected growth rate of 14.60% is above the ID market average of 7.62%.

High
The Banks sub-sector is projected to grow revenue by 33.55% in 2024. This number is higher than the previous year 2023's growth rate of 13.79%. This bodes well for BNII's revenue growth prospects in the next 2 years.

Medium
The Banks sub-sector is projected to increase earnings by 72.75% in 2024. This number is higher than the previous year 2023's EPS growth of 33.02%. This bodes well for BNII's earnings growth prospects in the next 2 years.

Medium
BNII 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 72.75% in 2024 while revenue growth is projected to increase by 34.06%. These macroeconomic trends will likely be a tailwind for BNII's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Taswin Zakaria15.2 years
Thilagavathy Nadason
Director
Irvandi Ferizal
Director
Effendi
Director
Muhamadian
Director
Widya Permana
Director
Steffano Ridwan
Director
Ricky Antariksa
Director
Bambang Andri Irawan
Director
NamePositionShares%
No data is available for BNII at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

BNII Ownership

Others
0.1%
Insiders
99.85%
Institutions
0.05%
NameNumber of SharesOwnership (%)Value
Sorak Financial Holdings Pte Ltd 34,312,479,55045.028,578.12B
Maybank Offshore Corporate Services25,882,393,99633.966,470.60B
Ubs Ag London13,953,168,78318.313,488.29B
Public2,067,153,4922.71516.79B

Largest Institutional Buy

Dimensional Fund Advisors LP
Bought 31-01-2024
+2,839 shares

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-01-2024
-1,100,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BNII stock