Clipan Finance Indonesia Tbk

cfin

Overview

CFIN Overview

PT Clipan Finance Indonesia Tbk is an Indonesia-based finance company. The Company's main activities include investment financing, working capital financing, multifunction financing and operating leases. The Company operates through four segments: Factoring, Sale and leaseback, Finance lease and Consumer financing. Its Factoring segment includes working capital financing. Its Sale and leaseback and Finance lease segments include investment financing and working capital financing. Its Consumer financing segment includes investment financing, working capital financing and multi-purpose financing. The Company offers a range of products, which includes a new car, fleet financing, used car financing, cash fund financing and heavy equipment financing.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: CFIN

Main
Market Cap.
IDR 2.07Trillion

~$130.65M USD

Industry
Consumer Financing
Sub-Industry
Consumer Financing
Sector
Financials

Valuation

CFIN Valuation Metrics

520

IDR

Closing Price on 2024-04-05

Price to Equity

2.18

P/E

At 2.18x P/E TTM, CFIN.JK is trading at a discount to its peers in the Financing Service sector.

Price to Book

0.38

P/B

At 0.38x P/B TTM, CFIN.JK is trading at a discount to its peers in the Financing Service sector.

Price to Sales

1.41

P/S

At 1.41x P/S TTM, CFIN.JK is trading at a discount to its peers in the Financing Service sector.

Valuing Clipan Finance Indonesia Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Financing Service sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Clipan Finance Indonesia Tbk relative to other stocks in the Financing Service sector

Price/Cash Flow
-1.91x
Price/Forward Earnings
-
Enterprise Value/Revenue
3.83x
Enterprise Value/EBITDA
7.01x
PEG Ratio
0.70x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR5202024-04-05
IDR 1,411.50

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of CFIN is IDR1,412, which is 172% higher than CFIN's last closing price of IDR520 (as of 2024-04-05).

Valuation Recap of CFIN 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 2.18x is below the ID market average of 8.22x and is trading at a discount to peers in the Financing Service sector (11.80x). In fact, less than 25% of its peers trade at a lower P/E ratio than CFIN.●●●
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 0.38x is below the peers average of 1.03x in the Financing Service sector. In fact, less than 25% of its peers trade at a lower P/B ratio than CFIN.●●●
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 1.41x is below the peers average of 3.91x in the Financing Service sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of CFIN'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. CFIN's P/CF ratio of -1.91x is considered healthy by analysts.●●
Max 2
Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. CFIN's EV/R ratio of 3.83x is considered a relatively high ratio The average EV/R ratio for the Financing Service sector is 6.39x.
Max 3
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of CFIN is IDR 1,411.50, which is 172% higher than CFIN's last closing price of IDR 520.00.●●●
Max 3

Peers

CFIN 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
BFINBFI Finance Indonesia Tbk18.80T24.17T 6.09T 1.67T 11.242.00
Competitiveness Recap of CFIN stock
WeightNotesScore
High
At a market cap of IDR 2,071.95 billion, CFIN.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 2.18, CFIN.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 26.68 (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 2.18, CFIN.JK is trading at a lower PE than that of its subsector peers in Financing Service (median of 11.80). 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 1.47 trillion, CFIN.JK ranks 9 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.95 trillion, CFIN.JK ranks 9 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of CFIN

Growth Forecasts

CFIN 2024 Revenue Growth
-24.3%
CFIN 2024 EPS Growth
0.0%
Sector Revenue Growth
-1.6%
Financing Service
Indonesia Market Growth
+12.0%
IDX overall growth
Financing Service Sector Revenue Growth '24
+16.5%
Financials Sector Revenue Growth '24
+32.2%

Sector Benchmark

Financing Service companies in Indonesia are shrinking at a projected rate of -1.64% against the IDX average of +12.0%.

Financing Service sector overview

CFIN Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of CFIN
WeightNotesScore
High
CFIN's projected growth rate of -1.64% is below the ID market average of 11.98%.●●●
Max 3
High
The Financing Service sub-sector is projected to grow revenue by 16.51% in 2024. This number is higher than the previous year 2023's growth rate of 0.08%. This bodes well for CFIN's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Financing Service sub-sector is projected to decrease earnings by -5.76% in 2024. This number is higher than the previous year 2023's EPS growth of -21.42%. false
Max 3
Medium
CFIN and its peers in the Financing Service 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 CFIN's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Harjanto Tjitohardjojo15.2 years
Jahja Anwar
Director
Engelbert Rorong, Jr
Director
Yimmy Weddianto
Director
NamePositionShares%
No data is available for CFIN at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

CFIN Ownership

Others
11.01%
Insiders
68.01%
Institutions
20.98%
NameNumber of SharesOwnership (%)Value
Pt. Bank Pan Indonesia2,051,431,26451.491,066.74B
Public (Scripless)1,603,735,06040.24833.94B
Bbh Luxembourg S/A Fidelity Fd Sicav, Fd Fds Pac Fd327,759,4258.23170.43B
Public (Scrip)1,584,7080.030.82B

Largest Institutional Buy

Acadian Asset Management LLC
Bought 31-01-2024
+2,264,200 shares
Russell Investments Ireland Limited
Bought 31-01-2024
+729,700 shares
FIL Fund Management Limited
Bought 31-01-2024
+3,619 shares

Largest Institutional Sell

Dimensional Fund Advisors LP
Sold 31-01-2024
-3,109,480 shares
Pharus Management Lux S.A.
Sold 31-01-2024
-842,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of CFIN stock