PT Bank BTPN Tbk

btpn

-2.28%

Overview

BTPN Overview

PT Bank BTPN Tbk is an Indonesia-based company that is engaged in the business of banking services. The Company operates through five segments: retail; micro, small and medium enterprises (MSME); funding and treasury; corporate, and sharia. The retail segment consists of loans to pensioners and other individual customers. The MSME segment consists of loans provided to MSME customers for commercial purposes. The funding and treasury segment consists of funding business activity in raising funds from third party and other banks, and centralized treasury operations, including borrowings and securities issued. The corporate segment consists of loans and services from corporate customers, which are related to commercial purposes. The sharia segment consists of sharia financing and third-party funds from sharia customers, which are related to commercial purposes. Its products and services include micro, wealth management business, and transaction banking and supply chain, among others.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BTPN

Main
Market Cap.
IDR 27.08Trillion

~$1.72B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BTPN Valuation Metrics

2,570

IDR
-2.3%

Closing Price on 2024-04-02

Price to Equity

9.40

P/E

At 9.40x P/E TTM, BTPN.JK is trading at a discount to its peers in the Banks sector.

Price to Book

0.72

P/B

At 0.72x P/B TTM, BTPN.JK is trading at a discount to its peers in the Banks sector.

Price to Sales

1.98

P/S

At 1.98x P/S TTM, BTPN.JK is trading at a discount to its peers in the Banks sector.

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

Price/Cash Flow
4.58x
Price/Forward Earnings
5.67x
PEG Ratio
-0.32x

Analyst Ratings

40
60
80
0
100

50.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR2,5702024-04-02
IDR 3,889.14

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BTPN is IDR3,889, which is 52% higher than BTPN's last closing price of IDR2,570 (as of 2024-04-02).

Valuation Recap of BTPN 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 9.40x is above the ID market average of 8.31x and is trading at a discount to peers in the Banks sector (13.56x).
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 0.72x is similar to 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 1.98x is below 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 BTPN's valuation relative to its current sales and future earnings growth. BTPN trades at a Forward P/E ratio of 5.67x, which is considered fairly undervalued 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. BTPN's P/CF ratio of 4.58x is considered healthy by analysts.●●
Max 2
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BTPN is IDR 3,889.14, which is 52% higher than BTPN's last closing price of IDR 2,570.00.●●●
Max 3

Peers

BTPN 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 BTPN stock
WeightNotesScore
High
At a market cap of IDR 27,078.03 billion, BTPN.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 9.40, BTPN.JK ranks 9 out of 10 companies in the Financials sector for P/E value. The average PE is 27.47 (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 (84.38) in the Financials sector.
Max 2
Medium
At a PE of 9.40, BTPN.JK is trading at a lower PE than that of its subsector peers in Banks (median of 13.56). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 13.67 trillion, BTPN.JK ranks 8 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 2.88 trillion, BTPN.JK ranks 8 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BTPN

Growth Forecasts

BTPN 2024 Revenue Growth
+10.3%
BTPN 2024 EPS Growth
+13.4%
Sector Revenue Growth
+14.6%
Banks
Indonesia Market Growth
+12.0%
IDX overall growth
Banks Sector Revenue Growth '24
+34.1%
Financials Sector Revenue Growth '24
+32.6%

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

BTPN Earnings & Revenue Forecast

All values in IDR billion

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

Executive Management

President Director

Henoch Munandar 15.2 years

Vice President Director

Darmadi Sutanto15.4 years
Dini Herdini
Director
Keishi Kobata
Director
Merisa Darwis
Director
Hanna Tantani
Director
Atsushi Hino
Director
NamePositionShares%
Darmadi SutantoVice President Director89,120< 0.01
Dini HerdiniDirector118,572< 0.01
Hanna TantaniDirector148,154< 0.01
Henoch MunandarDirector173,756< 0.01
Kaoru FuruyaVice President Director3,000< 0.01
Merisa DarwisDirector222,358< 0.01
Ongki Wanadjati DanaCommissioner860,804< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BTPN Ownership

Others
28.26%
Insiders
67.94%
Institutions
3.8%
NameNumber of SharesOwnership (%)Value
Sumitomo Mitsui Banking Corporation7,532,311,29792.4319,358.04B
Public (Scripless)427,828,0655.251,099.52B
Public (Scrip)95,059,5451.17244.30B
Treasury Stock92,292,1981.13237.19B
Ongki Wanadjati Dana860,8040.012.21B

Largest Institutional Buy

No data is available for BTPN at the moment.

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-01-2024
-406,900 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BTPN stock