Maskapai Reasuransi Indonesia Tbk

mrei

-0.76%

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.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MREI

Development
Market Cap.
IDR 673.13Billion

~$42.07M USD

Industry
Insurance
Sub-Industry
Reinsurance
Sector
Financials
Sub-Sector

Valuation

MREI Valuation Metrics

1,300

IDR
-0.8%

Closing Price on 2024-04-18

Price to Equity

17.19

P/E

At 17.19x P/E TTM, MREI.JK is trading at a premium to its peers in the Insurance sector (avg 11.1x).

Price to Book

0.47

P/B

At 0.47x P/B TTM, MREI.JK is trading at a discount to its peers in the Insurance sector.

Price to Sales

0.37

P/S

At 0.37x 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 Flow
-68.71x
Price/Forward Earnings
-
PEG Ratio
0.19x

Analyst Ratings

No analyst ratings available yet.

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 17.19x is above the ID market average of 8.46x and is trading at a premium to peers in the Insurance sector (11.14x).

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 0.47x is similar to the peers average of 0.73x in the Insurance 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 0.37x is below the peers average of 1.27x 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 -68.71x is considered healthy 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.1,168.03T1,381.45T 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
LIFEPT MSIG Life Insurance Indonesia Tbk.12.60T14.74T 3.37T 0.26T 49.081.69
Competitiveness Recap of MREI stock
WeightNotesScore
High
At a market cap of IDR 673.13 billion, MREI.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 17.19, MREI.JK ranks 6 out of 10 companies in the Financials sector for P/E value. The average PE is 30.20 (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 17.19, MREI.JK is trading at a higher PE than that of its subsector peers in Insurance (median of 11.14). false

Medium
At a revenue of IDR 1.83 trillion, MREI.JK ranks 9 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 0.04 trillion, MREI.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of MREI

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 +7.6%.

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 86.43% is above the ID market average of 7.62%.

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 MREI's revenue growth prospects in the next 2 years.

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

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

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Management

Executive Management

President Director

Yanto Jayadi Wibisono15.2 years
Trinita Situmeang
Director
Fanra Budiman Arief
Director
Tamara Arista Salim
Director
Aloysia Dwi Ana Nurhandayani
Director
NamePositionShares%
No data is available for MREI at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

MREI Ownership

Others
59.56%
Insiders
35.36%
Institutions
5.08%
NameNumber of SharesOwnership (%)Value
Public (Scripless)303,452,40058.59394.49B
Pt Graha Sentosa Persada106,281,53620.53138.17B
Ajb Bumiputera 191276,816,53514.8499.86B
Bank Of Singapore Limited25,974,6555.0233.77B
Public (Scrip)5,266,5551.026.85B
No data is available for MREI at the moment.