Panin Sekuritas Tbk

pans

Overview

PANS Overview

PT Panin Sekuritas Tbk is an Indonesia-based company, which is engaged in securities brokerage and underwriting. The Company is involved in financial services sector, especially in the capital market sector. Its segments include brokerage and underwriting, investment management, and other business activities. Its products and services include securities trading, customer financing, research, asset management and corporate finance. It is also involved in managing underwriter for initial public offerings (IPO), both for shares and bonds and arranger for the issuance of pre-emptive rights - HMETD (Right Issue) or medium-term notes (MTN). In addition, the corporate finance division also assists corporate activities, such as tender offers and private placements. It also offers investment advisory services to public companies, non-public companies planning to become public companies and so on. The Company provides electronic public offering (e-IPO).

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PANS

Main
Market Cap.
IDR 1.17Trillion

~$74.02M USD

Industry
Investment Services
Sub-Industry
Investment Banking & Brokerage Services
Sector
Financials

Valuation

PANS Valuation Metrics

1,645

IDR

Closing Price on 2024-04-05

Price to Equity

8.82

P/E

At 8.82x P/E TTM, PANS.JK is trading at a discount to its peers in the Investment Service sector.

Price to Book

0.78

P/B

At 0.78x P/B TTM, PANS.JK is trading at a discount to its peers in the Investment Service sector.

Price to Sales

3.60

P/S

At 3.60x P/S TTM, PANS.JK is trading at a discount to its peers in the Investment Service sector.

Valuing Panin Sekuritas Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Investment Service sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Panin Sekuritas Tbk relative to other stocks in the Investment Service sector

Price/Cash Flow
6.83x
Price/Forward Earnings
-
Enterprise Value/Revenue
3.71x
Enterprise Value/EBITDA
6.33x
PEG Ratio
-0.12x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR1,6452024-04-05
IDR 2,029.99

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of PANS is IDR2,030, which is 24% higher than PANS's last closing price of IDR1,645 (as of 2024-04-05).

Valuation Recap of PANS 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 8.82x is above the ID market average of 8.22x and is trading at a discount to peers in the Investment Service sector (18.96x). In fact, less than 25% of its peers trade at a lower P/E ratio than PANS.●●
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 0.78x is below the peers average of 1.54x in the Investment Service sector. In fact, less than 25% of its peers trade at a lower P/B ratio than PANS.●●
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 3.60x is below the peers average of 9.19x in the Investment Service sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of PANS'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. PANS's P/CF ratio of 6.83x is considered healthy by analysts.
Max 2
Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. PANS's EV/R ratio of 3.71x is considered a relatively high ratio The average EV/R ratio for the Investment Service sector is 4.70x.
Max 3
Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of PANS is IDR 2,029.99, which is 24% higher than PANS's last closing price of IDR 1,645.00.●●●
Max 3

Peers

PANS 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
YULEYulie Sekuritas Indonesia Tbk3.64T0.51T 0.03T 0.01T 534.907.75
Competitiveness Recap of PANS stock
WeightNotesScore
High
At a market cap of IDR 1,173.91 billion, PANS.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 8.82, PANS.JK ranks 9 out of 10 companies in the Financials sector for P/E value. The average PE is 27.34 (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 8.82, PANS.JK is trading at a lower PE than that of its subsector peers in Investment Service (median of 18.96). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 0.33 trillion, PANS.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.13 trillion, PANS.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of PANS

Growth Forecasts

No data available

Sector Benchmark

Investment Service companies in Indonesia are shrinking at a projected rate of 0.00% against the IDX average of +12.0%.

Investment Service sector overview
No data is available for PANS at the moment.
Future growth prospect of PANS
WeightNotesScore
Medium
PANS and its peers in the Investment Service 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 PANS's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Indra Christanto15.2 years

Vice President Director

Rosmini Lidarjono15.4 years
Menas K. Shahaan
Director
Prama Nugraha
Director
Tjiang Jefry
Director
NamePositionShares%
Indra ChristantoPresident Director125,0000.02
Prama NugrahaDirector60,000< 0.01
Rosmini LidarjonoVice President Director80,000< 0.01
Tjiang JefryDirector60,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

PANS Ownership

Others
39.27%
Insiders
59.04%
Institutions
1.69%
NameNumber of SharesOwnership (%)Value
Public286,303,80039.76470.97B
Pt Patria Nusa Adamas216,000,00030355.32B
Pt Bank Pan Indonesia Tbk208,800,00029343.48B
Treasury Stock8,571,2001.1914.10B
Indra Christanto125,0000.020.21B
Prama Nugraha60,0000.010.10B
Rosmini Lidarjono80,0000.010.13B
Tjiang Jefry60,0000.010.10B

Largest Institutional Buy

No data is available for PANS at the moment.

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-12-2023
-223,600 shares
Dimensional Fund Advisors LP
Sold 31-12-2023
-1,400 shares

Institutional Transactions

Tracking institutional transactions buying / selling of PANS stock