PT Bank Syariah Indonesia Tbk

bris

Overview

BRIS Overview

PT Bank Syariah Indonesia, Tbk. is an Indonesia-based Islamic bank. The Company's segments include Corporate Banking, Commercial Banking, Institutional Relation, Retail Banking, Treasury Banking & Head Office. Its Corporate Banking segment serves business entities such as SOEs and their subsidiaries, state institutions, multinational companies, banks and non-bank financial institutions, including non-linkage venture capital, syndicated financing, public companies and securities companies. Its Commercial Banking segment serves business entities, such as BUMD and its subsidiaries, regional governments, hospitals, state and private universities. Its Institutional Relation segment is focused on the management of customer funds and other transactions belonging to customers of government institutions and BUMN pension funds. Its treasury activities include foreign exchange transactions, money market, fixed income, international banking business, capital market, and others.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BRIS

Main
Market Cap.
IDR 124.55Trillion
#12 in Indonesia

~$7.85B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BRIS Valuation Metrics

2,700

IDR

Closing Price on 2024-04-05

Price to Equity

23.70

P/E

At 23.70x P/E TTM, BRIS.JK is trading at a premium to its peers in the Banks sector (avg 13.8x).

Price to Book

3.35

P/B

At 3.35x P/B TTM, BRIS.JK is trading at a premium to its peers in the Banks sector (avg 0.9x).

Price to Sales

6.44

P/S

At 6.44x P/S TTM, BRIS.JK is trading at a premium to its peers in the Banks sector (avg 3.6x).

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

Price/Cash Flow
5.69x
Price/Forward Earnings
15.84x
PEG Ratio
0.84x

Analyst Ratings

40
60
80
0
100

75.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR2,7002024-04-05
IDR 1,218.31

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BRIS is IDR1,218, which is 54% lower than BRIS's last closing price of IDR2,700 (as of 2024-04-05).

Valuation Recap of BRIS 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 23.70x is above the ID market average of 8.22x and is trading at a premium to peers in the Banks sector (13.79x).
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 3.35x is above the peers average of 0.88x in the Banks sector. BRIS 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 6.44x 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 BRIS's valuation relative to its current sales and future earnings growth. BRIS trades at a Forward P/E ratio of 15.84x, which is considered richly valued by analysts.
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. BRIS's P/CF ratio of 5.69x is considered healthy by analysts.
Max 2
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BRIS is IDR 1,218.31, which is 54% lower than BRIS's last closing price of IDR 2,700.00.
Max 3

Peers

BRIS 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 BRIS stock
WeightNotesScore
High
At a market cap of IDR 124,549.11 billion, BRIS.JK ranks 5 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 23.70, BRIS.JK ranks 5 out of 10 companies in the Financials sector for P/E value. The average PE is 166.29 (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 Bank Jago Tbk. (1398.30) in the Financials sector.
Max 2
Medium
At a PE of 23.70, BRIS.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 19.34 trillion, BRIS.JK ranks 6 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 5.26 trillion, BRIS.JK ranks 6 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BRIS

Growth Forecasts

BRIS 2024 Revenue Growth
+27.0%
BRIS 2024 EPS Growth
+32.1%
Sector Revenue Growth
+14.6%
Banks
Indonesia Market Growth
+12.0%
IDX overall growth
Banks Sector Revenue Growth '24
+33.8%
Financials Sector Revenue Growth '24
+32.2%

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

BRIS Earnings & Revenue Forecast

All values in IDR billion

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

Executive Management

President Director

Hery Gunardi15.2 years

Vice President Director

Bob Tyasika Ananta15.4 years
Ngatari
Director
Anton Sukarna
Director
Tribuana Tunggadewi
Director
Ade Cahyo Nugroho
Director
Zaidan Novari
Director
Moh Adib
Director
Saladin D. Effendi
Director
Grandhis
Director
NamePositionShares%
Ade Cahyo NugrohoDirector1,726,600< 0.01
Anton SukarnaDirector1,726,600< 0.01
Bob Tyasika AnantaVice President Director548,400< 0.01
Hery GunardiPresident Director2,210,600< 0.01
Imam Budi SarjitoCommissioner822,700< 0.01
Masduki BaidlowiCommissioner822,700< 0.01
Moh. AdibDirector527,400< 0.01
NgatariDirector18,621,2000.04
SutantoCommissioner1,010,100< 0.01
SuyantoCommissioner822,700< 0.01
Tribuana TunggadewiDirector1,726,600< 0.01
Zaidan NovariDirector517,900< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BRIS Ownership

Others
3.85%
Insiders
93.15%
Institutions
3%
NameNumber of SharesOwnership (%)Value
Pt Bank Mandiri (Persero) Tbk23,740,608,43651.4764,099.64B
Pt Bank Negara Indonesia (Persero) Tbk-Divisi Ppa10,720,230,41823.2428,944.62B
Pt Bank Rakyat Indonesia (Persero) Tbk7,092,761,65515.3819,150.46B
Public (Scripless)4,544,576,1289.8712,270.36B
Ngatari18,621,2000.0450.28B

Largest Institutional Buy

FIL Pensions Management
Bought 31-01-2024
+10,695,100 shares
JP Morgan Asset Management (UK) Ltd
Bought 31-01-2024
+7,357,753 shares
SEI Investments Management Corp
Bought 31-01-2024
+7,240,200 shares

Largest Institutional Sell

No data is available for BRIS at the moment.

Institutional Transactions

Tracking institutional transactions buying / selling of BRIS stock