Maskapai Reasuransi Indonesia Tbk

Overview

MREI Overview

PT Maskapai Reasuransi Indonesia Tbk. is an Indonesia-based company, which is engaged in reinsurance business conventional and sharia. The products and services provided by the Company are reinsurance services, including life reinsurance, general reinsurance and sharia reinsurance. The Company’s life reinsurance offerings include term life insurance, personal accident insurance, critical illness insurance, credit life insurance, health insurance and catastrophe insurance. Its general insurance includes property insurance, motor vehicle insurance, marine hull and cargo insurance, aviation insurance, health insurance, liability insurance, personal accident insurance, surety insurance, engineering insurance, and energy, oil and gas insurance. The Company's Sharia reinsurance offerings include Sharia life reinsurance and Sharia general reinsurance.

2468ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MREI

Development
Market Cap.
IDR 522.97Billion

~$32.11M USD

Industry
Insurance
Sub-Industry
Reinsurance
Sector
Financials
Sub-Sector

Valuation

MREI Valuation Metrics

1,010

IDR
+1.0%

Closing Price on 2024-07-19

Price to Equity

7.09

P/E

At 7.09x P/E TTM, MREI.JK is trading at a discount to its peers in the Insurance sector.

Price to Book

0.35

P/B

At 0.35x P/B TTM, MREI.JK is trading at a discount to its peers in the Insurance sector.

Price to Sales

0.28

P/S

At 0.28x P/S TTM, MREI.JK is trading at a discount to its peers in the Insurance sector.

Valuing Maskapai Reasuransi 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 Maskapai Reasuransi Indonesia Tbk relative to other stocks in the Insurance sector

Price/Cash Flow291.53x
Price/Forward Earnings-
PEG Ratio0.00x
Valuation Recap of MREI 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 7.09x is below the ID market average of 8.44x and is trading at a discount to peers in the Insurance sector (13.11x). In fact, less than 25% of its peers trade at a lower P/E ratio than MREI.

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 0.35x is similar to the peers average of 0.68x in the Insurance sector. In fact, less than 25% of its peers trade at a lower P/B ratio than MREI.

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 0.28x is below the peers average of 0.97x in the Insurance sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MREI'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. MREI's P/CF ratio of 291.53x is considered a relatively high ratio by analysts.

Peers

MREI 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
LIFEPT MSIG Life Insurance Indonesia Tbk.12.50T14.86T 3.50T 0.22T 57.501.65
Competitiveness Recap of MREI stock
WeightNotesScore
High
At a market cap of IDR 522.97 billion, MREI.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 7.09, MREI.JK ranks 9 out of 10 companies in the Financials sector for P/E value. The average PE is 43.60 (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 7.09, MREI.JK is trading at a lower PE than that of its subsector peers in Insurance (median of 13.11). 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 1.84 trillion, MREI.JK ranks 9 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 0.07 trillion, MREI.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of MREI

Growth Forecasts

Analyst Ratings

No analyst ratings available yet.

Sector Benchmark

Insurance companies in Indonesia are shrinking at a projected rate of -69.27% against the IDX average of +13.8%.

Insurance sector overview
No data is available for MREI at the moment.
Future growth prospect of MREI
WeightNotesScore
High
MREI's projected growth rate of -69.27% is below the ID market average of 13.82%.

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

Technical

Daily Technical Ratings of MREI

Oscillators

Buy

Sell

1

Neutral

7

Buy

3

Summary

Sell

Sell

12

Neutral

8

Buy

6

Moving Averages

Strong Sell

Sell

11

Neutral

1

Buy

3

Summary

Technical Ratings of MREI
IndicatorSummarySellNeutralBuy
SummarySell1286
OscillatorsBuy173
Moving AveragesStrong Sell1113

Last Update: 2024-07-19

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Management

Executive Management

President Director

Unknown15.2 years
Trinita SitumeangDirector
Fanra Budiman AriefDirector
Tamara Arista SalimDirector
Aloysia Dwi Ana NurhandayaniDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for MREI at the moment.

Ownership

MREI Ownership

NameNumber of SharesOwnership (%)Value
Public (Scripless)302,601,20058.43305.63B
Pt Graha Sentosa Persada106,281,53620.53107.34B
Ajb Bumiputera 191276,816,53514.8477.58B
Bank Of Singapore Limited26,827,3555.1827.10B
Public (Scrip)5,265,0551.025.32B

MREI Filings

No noteworthy filings to report on

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