PT Bank China Construction Bank Indonesia Tbk

mcor

Overview

MCOR Overview

PT Bank China Construction Bank Indonesia Tbk (the Bank) is an Indonesia-based commercial foreign exchange bank. The Bank is focused on corporate banking business to develop small and medium-sized businesses, as well as consumer banking. The Bank’s segments include Loans, Treasury and Trade finance. Its corporate loan products include back-to-back loan, current account loan, syndicated loan, investment loan, project financing loan, working capital loan, and trade finance products. Its trade finance products and services include letter of credit (LC), domestic letter of credit (SKBDN), bank guarantee/standby letter of credit (SBLC)/ counter guarantee, conducting negotiation/discount on LC/SKBDN documents and documentary collection. The Bank has a network consisting of approximately 80 offices spread out in cities across Indonesia such as Jakarta, Bandung, Semarang, Yogyakarta, Surabaya, Denpasar Bali, Mataram Lombok, Palembang, Bandar Lampung, Batam, Pekanbaru, Pontianak and Makassar.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MCOR

Main
Market Cap.
IDR 2.69Trillion

~$168.25M USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

MCOR Valuation Metrics

71

IDR
0.0%

Closing Price on 2024-04-18

Price to Equity

12.11

P/E

At 12.11x P/E TTM, MCOR.JK is trading in line with its peers in the Banks sector.

Price to Book

0.42

P/B

At 0.42x P/B TTM, MCOR.JK is trading at a discount to its peers in the Banks sector.

Price to Sales

2.69

P/S

At 2.69x P/S TTM, MCOR.JK is trading at a discount to its peers in the Banks sector.

Valuing PT Bank China Construction Bank Indonesia 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 China Construction Bank Indonesia Tbk relative to other stocks in the Banks sector

Price/Cash Flow
21.00x
Price/Forward Earnings
-
PEG Ratio
0.14x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR712024-04-18
IDR 41.82

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MCOR is IDR42, which is 40% lower than MCOR's last closing price of IDR71 (as of 2024-04-18).

Valuation Recap of MCOR 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 12.45x is above the ID market average of 8.46x and is trading at a discount to peers in the Banks sector (13.24x).

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 0.46x is similar to the peers average of 0.84x in the Banks sector. In fact, less than 25% of its peers trade at a lower P/B ratio than MCOR.

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 3.03x is similar to the peers average of 3.43x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MCOR's valuation relative to its current sales and future earnings growth.

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. MCOR's P/CF ratio of 21.00x is considered a relatively high ratio by analysts.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MCOR is IDR 41.82, which is 40% lower than MCOR's last closing price of IDR 71.00.

Peers

MCOR 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.1,168.03T1,381.45T 98.47T 48.20T 24.234.95
BBRIPT Bank Rakyat Indonesia (Persero) Tbk825.58T1,851.96T 175.51T 56.01T 14.742.69
BMRIPT Bank Mandiri (Persero) Tbk634.67T2,007.16T 135.73T 49.58T 12.802.61
BBNIPT Bank Negara Indonesia (Persero) Tbk197.25T1,086.66T 61.51T 20.91T 9.431.31
BRISPT Bank Syariah Indonesia Tbk119.94T319.85T 19.34T 5.26T 22.823.23
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.65.53T20.71T 1.39T 0.72T 90.885.11
MEGABank Mega Tbk60.47T132.12T 7.81T 3.51T 17.222.78
BNGAPT Bank CIMB Niaga Tbk50.38T329.13T 18.53T 6.10T 8.261.07
BNLIBank Permata Tbk34.91T251.94T 11.63T 1.91T 18.270.89
Competitiveness Recap of MCOR stock
WeightNotesScore
High
At a market cap of IDR 2,692.30 billion, MCOR.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 12.11, MCOR.JK ranks 8 out of 10 companies in the Financials sector for P/E value. The average PE is 29.69 (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 Indoritel Makmur Internasional Tbk. (90.88) in the Financials sector.

Medium
At a PE of 12.11, MCOR.JK is trading at a lower PE than that of its subsector peers in Banks (median of 13.24). 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 1.00 trillion, MCOR.JK ranks 10 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 0.22 trillion, MCOR.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of MCOR

Growth Forecasts

No data available

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 14.60% against the IDX average of +7.6%.

Banks sector overview
No data is available for MCOR at the moment.
Future growth prospect of MCOR
WeightNotesScore
High
MCOR's projected growth rate of 14.60% is above the ID market average of 7.62%.

High
The Banks sub-sector is projected to grow revenue by 33.55% in 2024. This number is higher than the previous year 2023's growth rate of 13.79%. This bodes well for MCOR's revenue growth prospects in the next 2 years.

Medium
The Banks sub-sector is projected to increase earnings by 72.75% in 2024. This number is higher than the previous year 2023's EPS growth of 33.02%. This bodes well for MCOR's earnings growth prospects in the next 2 years.

Medium
MCOR 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 72.75% in 2024 while revenue growth is projected to increase by 34.06%. These macroeconomic trends will likely be a tailwind for MCOR's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

You Wennan15.2 years
Zhu Yong
Director
Setiawati Smahita
Director
Junianto
Director
Chandra Nt Siagian
Director
Agresius R. Kadiaman
Director
NamePositionShares%
No data is available for MCOR at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

MCOR Ownership

Others
32.3%
Insiders
6.98%
Institutions
60.72%
NameNumber of SharesOwnership (%)Value
China Construction Bank Corporation22,751,563,707601,615.36B
Public (Scripless)7,236,448,76719.08513.79B
Uob Kay Hian Pte Ltd3,112,882,6568.21221.01B
Drs. Johnny2,613,613,7056.89185.57B
Public (Scrip)2,205,221,6795.82156.57B
No data is available for MCOR at the moment.