Bank Pan Indonesia Tbk

pnbn

Overview

PNBN Overview

PT Bank Pan Indonesia Tbk is an Indonesia-based company, which is engaged in banking services. The Company’s segments include Banking and Multi-finance. The Company offers a range of banking products and/or services, which include savings products, loan products, electronic banking products and other services. Its savings products include Tabungan Panin, Tabungan Junior, Tabunganku, Tabungan Rencana, Simpanan Pan Dollar, Tabanas Panin, Demand Deposit and Time Deposit. Its loan products include Kredit Express Panin, Mortgage Loan, Multipurpose Loan, SMART Panin, Micro Loan, Credit Card, Corporation Loan and Syndicated Loan. Its electronic banking products include ATM, Call Panin, Mobile Panin, Internet Panin and Biznet Panin. Its other services include Cash Management, Panin Remittance, Rekening Dana Nasabah (RDN) Panin, Panin Prioritas, Panin Prioritas and Save Deposit Box (SDB) Panin. Its subsidiaries include PT Clipan Finance Indonesia Tbk and PT Bank Panin Dubai Syariah Tbk.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PNBN

Main
Market Cap.
IDR 28.06Trillion

~$1.77B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

PNBN Valuation Metrics

1,150

IDR

Closing Price on 2024-04-05

Price to Equity

9.22

P/E

At 9.22x P/E TTM, PNBN.JK is trading at a discount to its peers in the Banks sector.

Price to Book

0.56

P/B

At 0.56x P/B TTM, PNBN.JK is trading at a discount to its peers in the Banks sector.

Price to Sales

2.61

P/S

At 2.61x P/S TTM, PNBN.JK is trading at a discount to its peers in the Banks sector.

Valuing Bank Pan 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 Bank Pan Indonesia Tbk relative to other stocks in the Banks sector

Price/Cash Flow
2.08x
Price/Forward Earnings
-
PEG Ratio
-0.45x

Analyst Ratings

40
60
80
0
100

50.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,1502024-04-05
IDR 1,420.43

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of PNBN is IDR1,420, which is 25% higher than PNBN's last closing price of IDR1,150 (as of 2024-04-05).

Valuation Recap of PNBN 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 9.22x is above the ID market average of 8.22x and is trading at a discount to peers in the Banks sector (13.79x).
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 0.56x is similar to the peers average of 0.88x in the Banks sector. In fact, less than 25% of its peers trade at a lower P/B ratio than PNBN.●●
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 2.61x is below the peers average of 3.61x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of PNBN'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. PNBN's P/CF ratio of 2.08x is considered healthy by analysts.●●
Max 2
Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of PNBN is IDR 1,420.43, which is 25% higher than PNBN's last closing price of IDR 1,150.00.●●●
Max 3

Peers

PNBN 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
ARTOPT Bank Jago Tbk.35.84T19.13T 1.74T 0.03T 1398.304.30
Competitiveness Recap of PNBN stock
WeightNotesScore
High
At a market cap of IDR 28,055.06 billion, PNBN.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 9.22, PNBN.JK ranks 9 out of 10 companies in the Financials sector for P/E value. The average PE is 27.38 (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 9.22, PNBN.JK is trading at a lower PE than that of its subsector peers in Banks (median of 13.79). 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 10.75 trillion, PNBN.JK ranks 8 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 3.04 trillion, PNBN.JK ranks 8 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of PNBN

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 +12.0%.

Banks sector overview
No data is available for PNBN at the moment.
Future growth prospect of PNBN
WeightNotesScore
High
PNBN's projected growth rate of 14.60% is above the ID market average of 11.98%.●●●
Max 3
High
The Banks sub-sector is projected to grow revenue by 33.80% in 2024. This number is higher than the previous year 2023's growth rate of 13.91%. This bodes well for PNBN's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Banks sub-sector is projected to increase earnings by 80.01% in 2024. This number is higher than the previous year 2023's EPS growth of 35.28%. This bodes well for PNBN's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
PNBN 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 75.53% in 2024 while revenue growth is projected to increase by 32.25%. These macroeconomic trends will likely be a tailwind for PNBN's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Herwidayatmo15.2 years

Vice President Director

Hendrawan Danusaputra15.4 years
Lionto Gunawan
Director
Gunawan Santoso
Director
Edy Heryanto
Director
Januar Hadi
Director
Antonius Ketut
Director
Soewito Tjokrorahardjo
Director
Haryono Wongsonegoro
Director
NamePositionShares%
No data is available for PNBN at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

PNBN Ownership

Others
13.15%
Insiders
85.76%
Institutions
1.09%
NameNumber of SharesOwnership (%)Value
Pt. Panin Financial Tbk 11,089,071,28546.0412,752.43B
Votraint No.1103 Pty Ltd-9227040009,349,793,15238.8210,752.26B
Public (Scripless)3,137,199,76013.023,607.78B
Public (Scrip)511,581,8012.12588.32B

Largest Institutional Buy

Pictet Asset Management (Europe) SA
Bought 31-12-2023
+782,700 shares
Vanguard Investments Australia Ltd
Bought 31-12-2023
+622 shares

Largest Institutional Sell

BlackRock Fund Advisors
Sold 31-12-2023
-2,603,900 shares
Pacific Investment Management Company, LLC
Sold 31-12-2023
-1,175,900 shares
Dimensional Fund Advisors LP
Sold 31-12-2023
-554,794 shares

Institutional Transactions

Tracking institutional transactions buying / selling of PNBN stock