Bank Mega Tbk

Overview

MEGA Overview

PT Bank Mega Tbk is an Indonesia-based company that is engaged in providing banking services. The Company's products and services include savings, loans, trade finance, services, cash payments, international transaction and treasury. Its savings products include savings, such as Mega Dana, Mega Maxi, Mega Berbagi, Mega Rencana, Mega Perdana, Mega Ultima, Mega Valas and TabunganKu; current accounts, such as Mega Pro, Mega Bisnis, Mega Pro Valas and Mega Bisnis Valas, and deposits, such as Mega Depo, Mega Depo Valas and Mega Depo on Call. Its loan products include working capital loans, investment loans, consumer loans and indirect channels. The Company's trade finance products include export products, import products and guarantee products. Its services include Mega ATM, Mega Pass, Mega Cash, Mega Auto Pay, Mega Internet, Mega Internet Bisnis, Mega Tax and Mega safe deposit box (SDB). Its cash payment products include Mega Infinite Card, Mega Travel Card and Mega Platinum Card.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MEGA

Main
Market Cap.
IDR 58.70Trillion
#29 in Indonesia

~$3.60B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

MEGA Valuation Metrics

5,000

IDR
+0.6%

Closing Price on 2024-07-19

Price to Equity

16.32

P/E

At 16.32x P/E TTM, MEGA.JK is trading in line with its peers in the Banks sector.

Price to Book

2.94

P/B

At 2.94x P/B TTM, MEGA.JK is trading at a premium to its peers in the Banks sector (avg 0.8x).

Price to Sales

7.48

P/S

At 7.48x P/S TTM, MEGA.JK is trading at a premium to its peers in the Banks sector (avg 3.6x).

Valuing Bank Mega 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 Bank Mega Tbk relative to other stocks in the Banks sector

Price/Cash Flow5.20x
Price/Forward Earnings-
PEG Ratio-0.38x

Intrinsic Value

Last closing: IDR5,0002024-07-19
IDR 4,652.09

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of MEGA is IDR4,652, which is 6% lower than MEGA's last closing price of IDR5,000 (as of 2024-07-19).

Valuation Recap of MEGA 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 16.32x is above the ID market average of 8.44x and is trading at a premium 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 2.94x is above the peers average of 0.81x in the Banks sector. MEGA trades at a higher P/B ratio than >75% of its peers in the Banks sector.

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 7.48x is above 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 MEGA'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. MEGA's P/CF ratio of 5.20x is considered healthy by analysts.

Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of MEGA is IDR 4,652.09, which is 6% lower than MEGA's last closing price of IDR 5,000.00.

Peers

MEGA 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 MEGA stock
WeightNotesScore
High
At a market cap of IDR 58,704.50 billion, MEGA.JK ranks 8 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 16.32, MEGA.JK ranks 5 out of 10 companies in the Financials sector for P/E value. The average PE is 44.03 (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 16.32, MEGA.JK is trading at a higher PE than that of its subsector peers in Banks (median of 15.68). false

Medium
At a revenue of IDR 7.85 trillion, MEGA.JK ranks 9 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 3.60 trillion, MEGA.JK ranks 7 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of MEGA

Growth Forecasts

Analyst Ratings

Based on ratings from 7 analysts for MEGA over the past 3 months.

Strong Buy

Strong Buy

71.4%

Buy

14.3%

Hold

14.3%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-06-28

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
No data is available for MEGA at the moment.
Future growth prospect of MEGA
WeightNotesScore
High
MEGA'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 MEGA'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 MEGA's earnings growth prospects in the next 2 years.

Medium
MEGA 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 MEGA's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of MEGA

Oscillators

Buy

Sell

0

Neutral

9

Buy

2

Summary

Sell

Sell

11

Neutral

10

Buy

5

Moving Averages

Strong Sell

Sell

11

Neutral

1

Buy

3

Summary

Technical Ratings of MEGA
IndicatorSummarySellNeutralBuy
SummarySell11105
OscillatorsBuy092
Moving AveragesStrong Sell1113

Last Update: 2024-07-19

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Management

Executive Management

President Director

Kostaman Thayib15.2 years

Vice President Director

Indivara Erni15.4 years
Madi Darmadi LazuardiDirector
Martin MulwantoDirector
C. Guntur TriyudiantoDirector
Yuni LastiantoDirector
Yb HariantonoDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for MEGA at the moment.

Ownership

MEGA Ownership

NameNumber of SharesOwnership (%)Value
Pt. Mega Corpora6,812,223,61458.0234,061.12B
Public (Scripless)4,928,699,75141.9824,643.50B

MEGA Filings

No noteworthy filings to report on

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