Bank Sinarmas Tbk

bsim

Overview

BSIM Overview

PT Bank Sinarmas Tbk is an Indonesia-based company, which is engaged in the banking sector. The Company has five segments: Third-Party Fund Collection, Loan Disbursement, Treasury, Export and Import, and Sharia Banking. Third-Party Fund Collection segment provides various fund collection products, such as savings products, demand deposits and time deposits. It provides demand deposit savings products with a selection of currencies for individual and non-individual customers. Loan disbursement segment divides its customers in lending activities into micro, small and medium-sized, commercial, corporate, and consumer segments. Treasury segment is focused on foreign exchange trading activities. It has several export financing products, including letters of credit, domestic letters of credit, and export bill collection. In addition, it also provides financing for working capital in the form of post-export financing, such as discounts and negotiations.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BSIM

Main
Market Cap.
IDR 18.73Trillion

~$1.19B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BSIM Valuation Metrics

950

IDR
0.0%

Closing Price on 2024-04-02

Price to Equity

104.92

P/E

At 104.92x P/E TTM, BSIM.JK is trading at a premium to its peers in the Banks sector (avg 13.6x).

Price to Book

2.49

P/B

At 2.49x P/B TTM, BSIM.JK is trading at a premium to its peers in the Banks sector (avg 0.9x).

Price to Sales

7.78

P/S

At 7.78x P/S TTM, BSIM.JK is trading at a premium to its peers in the Banks sector (avg 3.5x).

Valuing Bank Sinarmas 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 Sinarmas Tbk relative to other stocks in the Banks sector

Price/Cash Flow
24.40x
Price/Forward Earnings
-
PEG Ratio
-

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR9502024-04-02
IDR 85.17

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BSIM is IDR85, which is 90% lower than BSIM's last closing price of IDR950 (as of 2024-04-02).

Valuation Recap of BSIM 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 104.92x is above the ID market average of 8.31x and is trading at a premium to peers in the Banks sector (13.56x). In fact, less than 25% of its peers trade at a higher P/E ratio than BSIM.
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 2.49x is above the peers average of 0.88x 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 7.78x is above the peers average of 3.48x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BSIM'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. BSIM's P/CF ratio of 24.40x is considered a relatively high ratio by analysts.
Max 2
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BSIM is IDR 85.17, which is 90% lower than BSIM's last closing price of IDR 950.00.
Max 3

Peers

BSIM 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.1,220.42T1,381.45T 98.47T 48.20T 25.325.18
BBRIPT Bank Rakyat Indonesia (Persero) Tbk855.74T1,851.96T 175.51T 56.01T 15.282.79
BMRIPT Bank Mandiri (Persero) Tbk644.00T2,007.16T 135.73T 49.58T 12.992.65
BBNIPT Bank Negara Indonesia (Persero) Tbk203.76T1,086.66T 61.51T 20.91T 9.741.36
BRISPT Bank Syariah Indonesia Tbk124.09T319.85T 19.34T 5.26T 23.613.34
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.64.68T20.17T 1.41T 0.95T 68.245.08
MEGABank Mega Tbk59.59T132.12T 7.81T 3.51T 16.972.74
BNGAPT Bank CIMB Niaga Tbk53.37T329.13T 18.53T 6.10T 8.751.13
ARTOPT Bank Jago Tbk.37.83T19.13T 1.74T 0.03T 1475.684.54
Competitiveness Recap of BSIM stock
WeightNotesScore
High
At a market cap of IDR 18,730.39 billion, BSIM.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 104.92, BSIM.JK ranks 1 out of 10 companies in the Financials sector for P/E value. The average PE is 37.02 (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 104.92, BSIM.JK is trading at a higher PE than that of its subsector peers in Banks (median of 13.56). false●●
Max 2
Medium
At a revenue of IDR 2.41 trillion, BSIM.JK ranks 9 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.18 trillion, BSIM.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BSIM

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 BSIM at the moment.
Future growth prospect of BSIM
WeightNotesScore
High
BSIM'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 34.10% in 2024. This number is higher than the previous year 2023's growth rate of 14.02%. This bodes well for BSIM's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Banks sub-sector is projected to increase earnings by 82.06% in 2024. This number is higher than the previous year 2023's EPS growth of 35.95%. This bodes well for BSIM's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
BSIM 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 77.58% in 2024 while revenue growth is projected to increase by 32.61%. These macroeconomic trends will likely be a tailwind for BSIM's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Frenky Tirtowijoyo15.2 years
Halim
Director
Hanafi Himawan
Director
Soejanto Soetjijo
Director
Miko Andidjaja
Director
Uzan Tedjamulia
Director
Ekajaya Ongny Putra
Director
Enny Kamal
Director
Sendy
Director
NamePositionShares%
No data is available for BSIM at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

BSIM Ownership

Others
36.94%
Insiders
63.06%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Public (Scripless)7,548,183,15338.287,170.77B
Pt Sinar Mas Multiartha Tbk5,913,426,80029.995,617.76B
Ubs Ag Singapore S/A Pt Sinar Mas Multiartha Tbk5,913,426,80029.995,617.76B
Public (Scrip)341,125,6501.73324.07B
No data is available for BSIM at the moment.