PT MSIG Life Insurance Indonesia Tbk.

life

Overview

LIFE Overview

PT Asuransi Jiwa Sinarmas MSIG Tbk is an Indonesia-based company that is engaged in life insurance business, including business with sharia principles and pension funds for financial institutions. The Company is focused on customer needs in offering life and health protection products. Its segments include Term Insurance, Endowment, Whole Life Insurance, Health Insurance, Personal Accident Insurance and Unit Link Insurance. Its products include individual life insurance, bancassurance and group life insurance. Its individual life insurance products include traditional basic life insurance, unit link life insurance and sharia life insurance. The Company's bancassurance products include Smart Investment Protection, Smart Life Guard, Smart Life Protection, Smart Plan Protection, SMiLe Dana Sejahtera, SMiLe Kids Insurance, SMiLe Life Care Plus and SMiLe Life Syariah. The Company's group life insurance products include Ekasejahtera, Group Term Life, Personal Accident and SMiLe Medicare.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: LIFE

Watchlist
Market Cap.
IDR 12.60Trillion

~$0.79B USD

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

Valuation

LIFE Valuation Metrics

6,000

IDR
0.0%

Closing Price on 2024-04-05

Price to Equity

49.08

P/E

At 49.08x P/E TTM, LIFE.JK is trading at a premium to its peers in the Insurance sector (avg 12.1x).

Price to Book

1.69

P/B

At 1.69x P/B TTM, LIFE.JK is trading at a premium to its peers in the Insurance sector (avg 0.7x).

Price to Sales

3.73

P/S

At 3.73x P/S TTM, LIFE.JK is trading at a premium to its peers in the Insurance sector (avg 1.3x).

Valuing PT MSIG Life Insurance Indonesia 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 MSIG Life Insurance Indonesia Tbk. relative to other stocks in the Insurance sector

Price/Cash Flow
-23.97x
Price/Forward Earnings
-
PEG Ratio
-0.31x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR6,0002024-04-05
IDR 1,626.79

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of LIFE is IDR1,627, which is 72% lower than LIFE's last closing price of IDR6,000 (as of 2024-04-05).

Valuation Recap of LIFE 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 49.08x is above the ID market average of 8.22x and is trading at a premium to peers in the Insurance sector (12.09x). In fact, less than 25% of its peers trade at a higher P/E ratio than LIFE.
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 1.69x is above the peers average of 0.74x in the Insurance sector. LIFE trades at a higher P/B ratio than >75% of its peers in the Insurance 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 3.73x is above 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 LIFE'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. LIFE's P/CF ratio of -23.97x is considered healthy by analysts.●●
Max 2
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of LIFE is IDR 1,626.79, which is 72% lower than LIFE's last closing price of IDR 6,000.00.
Max 3

Peers

LIFE 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 LIFE stock
WeightNotesScore
High
At a market cap of IDR 12,600.00 billion, LIFE.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 49.08, LIFE.JK ranks 3 out of 10 companies in the Financials sector for P/E value. The average PE is 31.37 (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 49.08, LIFE.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 3.37 trillion, LIFE.JK ranks 9 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.26 trillion, LIFE.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of LIFE

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

Executive Management

President Director

Wianto15.2 years

Vice President Director

Satoshi Shiratani15.4 years
Herman Sulistyo
Director
Tomoyuki Monden
Director
Andrew Bain
Director
Ken Terada
Director
NamePositionShares%
No data is available for LIFE at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

LIFE Ownership

Others
7.5%
Insiders
12.5%
Institutions
80%
NameNumber of SharesOwnership (%)Value
Mitsui Sumitomo Insurance Co. Ltd.1,680,000,0008010,080.00B
Ubs Ag Singapore S/A Pt Sinar Mas Multiartha Tbk. - 2091145119262,500,00012.51,575.00B
Public (Scripless)157,500,0007.5945.00B
No data is available for LIFE at the moment.