PT Bank BTPN Tbk

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.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BTPN

Main
Market Cap.
IDR 25.02Trillion

~$1.54B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BTPN Valuation Metrics

2,350

IDR
+0.4%

Closing Price on 2024-07-19

Price to Equity

9.32

P/E

At 9.32x P/E TTM, BTPN.JK is trading at a discount to its peers in the Banks sector.

Price to Book

0.55

P/B

At 0.55x P/B TTM, BTPN.JK is trading at a discount to its peers in the Banks sector.

Price to Sales

1.87

P/S

At 1.87x 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 Flow4.00x
Price/Forward Earnings10.06x
PEG Ratio-0.35x

Intrinsic Value

Last closing: IDR2,3502024-07-19
IDR 3,695.55

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BTPN is IDR3,696, which is 58% higher than BTPN's last closing price of IDR2,350 (as of 2024-07-19).

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 9.32x is above the ID market average of 8.44x and is trading at a discount to peers in the Banks sector (15.68x).

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 0.55x is similar to the peers average of 0.81x in the Banks sector. In fact, less than 25% of its peers trade at a lower P/B ratio than BTPN.

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 1.87x is below the peers average of 3.57x 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 10.06x, which is considered fairly undervalued by analysts.

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 4.00x is considered healthy by analysts.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BTPN is IDR 3,695.55, which is 58% higher than BTPN's last closing price of IDR 2,350.00.

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.1,245.08T1,408.11T 101.91T 48.64T 25.605.14
BBRIPT Bank Rakyat Indonesia (Persero) Tbk738.88T1,989.07T 178.91T 59.88T 12.342.52
BMRIPT Bank Mandiri (Persero) Tbk611.33T2,174.22T 123.24T 55.06T 11.102.34
BBNIPT Bank Negara Indonesia (Persero) Tbk189.03T1,066.72T 60.27T 21.08T 8.971.30
BRISPT Bank Syariah Indonesia Tbk113.02T357.90T 19.39T 5.91T 19.132.79
SMMAPT Sinar Mas Multiartha Tbk92.97T116.18T 25.19T 0.45T 207.773.97
DNETPT Indoritel Makmur Internasional Tbk.70.21T20.44T 1.40T 0.58T 120.885.44
MEGABank Mega Tbk58.70T126.53T 7.85T 3.60T 16.322.94
BNGAPT Bank CIMB Niaga Tbk44.76T332.99T 19.03T 6.58T 6.800.87
BNLIBank Permata Tbk33.47T252.84T 11.97T 2.95T 11.350.82
Competitiveness Recap of BTPN stock
WeightNotesScore
High
At a market cap of IDR 25,017.87 billion, BTPN.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 9.32, BTPN.JK ranks 8 out of 10 companies in the Financials sector for P/E value. The average PE is 43.82 (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 (207.77) in the Financials sector.

Medium
At a PE of 9.32, BTPN.JK is trading at a lower PE than that of its subsector peers in Banks (median of 15.68). 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 13.37 trillion, BTPN.JK ranks 8 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 2.68 trillion, BTPN.JK ranks 8 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of BTPN

Growth Forecasts

Analyst Ratings

Based on ratings from 1 analysts for BTPN over the past 3 months.

Hold

Strong Buy

0.0%

Buy

0.0%

Hold

100.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-07-02

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 16.22% against the IDX average of +13.8%.

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 16.22% is above the ID market average of 13.82%.

High
The Banks sub-sector is projected to grow revenue by 24.55% in 2025. This number is higher than the previous year 2024's growth rate of 13.15%. This bodes well for BTPN's revenue growth prospects in the next 2 years.

Medium
The Banks sub-sector is projected to increase earnings by 15.70% in 2025. This number is higher than the previous year 2024's EPS growth of 4.63%. This bodes well for BTPN's earnings growth prospects in the next 2 years.

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 2025. Specifically, earnings are projected to increase by 15.70% in 2025 while revenue growth is projected to increase by 24.44%. These macroeconomic trends will likely be a tailwind for BTPN's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of BTPN

Oscillators

Neutral

Sell

2

Neutral

8

Buy

1

Summary

Neutral

Sell

9

Neutral

9

Buy

8

Moving Averages

Neutral

Sell

7

Neutral

1

Buy

7

Summary

Technical Ratings of BTPN
IndicatorSummarySellNeutralBuy
SummaryNeutral998
OscillatorsNeutral281
Moving AveragesNeutral717

Last Update: 2024-07-19

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Management

Executive Management

President Director

Henoch Munandar 15.2 years

Vice President Director

Darmadi Sutanto15.4 years
Dini HerdiniDirector
Keishi KobataDirector
Merisa DarwisDirector
Hanna TantaniDirector
Atsushi HinoDirector
NamePositionShares%Stock Value
(in Billion IDR)
Darmadi SutantoVice President Director89,120< 0.010.21B
Dini HerdiniDirector118,572< 0.010.28B
Hanna TantaniDirector148,154< 0.010.35B
Kaoru FuruyaVice President Director3,000< 0.010.01B
Merisa DarwisDirector222,358< 0.010.52B
Ongki Wanadjati DanaCommissioner860,804< 0.012.02B

Ownership

BTPN Ownership

NameNumber of SharesOwnership (%)Value
Sumitomo Mitsui Banking Corporation9,692,826,97591.0522,778.14B
Public (Scripless)829,753,8147.791,949.92B
Public (Scrip)121,749,1951.14286.11B
Ongki Wanadjati Dana860,8040.012.02B

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

BTPN Filings

No noteworthy filings to report on

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