PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk

jmas

Overview

JMAS Overview

PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk is an Indonesia-based sharia life insurance company. The Company provides group products and individual products. Its group products include financing partner, JMA Fixed Financing, JMA UMK Financing, JMA Mulia, JMA Amalia, JMA Sejahtera Insurance, JMA Karimah Insurance, JMA Asyifa Care Insurance, JMA Zawjayn Partner' Financing Insurance and JMA Zawjayn Fixed Financing Insurance. The individual products include JMA Salama Microinsurance, JMA Ilma Insurance, JMA Mumtaza Insurance, JMA Asyifa Insurance, JMA Aghnia Insurance, additional total permanent disability insurance and JMA Ammar Insurance. Its JMA Mulia is a group term life insurance product that provides insurance benefits if the participant passes away due to an accident or not due to an accident during the contract period. Its JMA Asyifa Insurance provides reimbursement for inpatient treatment costs at a hospital if the participant experiences illness during the insurance period.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: JMAS

Development
Market Cap.
IDR 55.00Billion

~$3.50M USD

Industry
Insurance
Sub-Industry
Life Insurance
Sector
Financials
Sub-Sector

Valuation

JMAS Valuation Metrics

55

IDR

Closing Price on 2024-04-05

Price to Equity

20.78

P/E

At 20.78x P/E TTM, JMAS.JK is trading at a premium to its peers in the Insurance sector (avg 12.1x).

Price to Book

0.45

P/B

At 0.45x P/B TTM, JMAS.JK is trading at a discount to its peers in the Insurance sector.

Price to Sales

0.78

P/S

At 0.78x P/S TTM, JMAS.JK is trading at a discount to its peers in the Insurance sector.

Valuing PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Insurance sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk relative to other stocks in the Insurance sector

Price/Cash Flow
-3.31x
Price/Forward Earnings
-
PEG Ratio
0.01x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of JMAS 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 20.78x is above the ID market average of 8.22x and is trading at a premium to peers in the Insurance sector (12.09x).
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 0.45x is similar to the peers average of 0.74x in the Insurance sector. In fact, less than 25% of its peers trade at a lower P/B ratio than JMAS.
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 0.78x is below the peers average of 1.29x in the Insurance sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of JMAS'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. JMAS's P/CF ratio of -3.31x is considered healthy by analysts.●●
Max 2

Peers

JMAS 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
LIFEPT MSIG Life Insurance Indonesia Tbk.12.60T14.74T 3.37T 0.26T 49.081.69
Competitiveness Recap of JMAS stock
WeightNotesScore
High
At a market cap of IDR 55.00 billion, JMAS.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 20.78, JMAS.JK ranks 5 out of 10 companies in the Financials sector for P/E value. The average PE is 28.54 (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 20.78, JMAS.JK is trading at a higher PE than that of its subsector peers in Insurance (median of 12.09). false●●
Max 2
Medium
At a revenue of IDR 0.07 trillion, JMAS.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.00 trillion, JMAS.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of JMAS

Growth Forecasts

No data available

Sector Benchmark

Insurance companies in Indonesia are growing at a projected rate of 86.43% against the IDX average of +12.0%.

Insurance sector overview
No data is available for JMAS at the moment.
Future growth prospect of JMAS
WeightNotesScore
High
JMAS's projected growth rate of 86.43% is above the ID market average of 11.98%.●●
Max 3
High
The Insurance sub-sector is projected to grow revenue by 86.43% in 2024. This number is higher than the previous year 2023's growth rate of 75.33%. This bodes well for JMAS's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Insurance sub-sector is projected to decrease earnings by 0.00% in 2024. This number is lower than the previous year 2023's EPS growth of 0.00%. false
Max 3
Medium
JMAS and its peers in the Insurance 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 JMAS's earnings growth prospects in the next 2 years. ●●●
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Management

Executive Management

President Director

Basuki Agus15.2 years
Aji Darmaji
Director
Dadi Adriana
Director
NamePositionShares%
No data is available for JMAS at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

JMAS Ownership

Others
37.2%
Insiders
62.8%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Koperasi Simpan Pinjam Jasa579,500,00057.9531.87B
Public (Scripless)420,500,00042.0523.13B
No data is available for JMAS at the moment.