Panin Financial Tbk

pnlf

Overview

PNLF Overview

PT Panin Financial Tbk is an Indonesia-based company engaged in provision of business consulting services, management, and administration to public. The Company, through its subsidiary, PT Panin Dai-ichi Life, is engaged in life insurance business. PT Panin Dai-ichi Life uses four distribution channels, which include Agency, Bancassurance, Credit Life, and Direct Marketing & Telemarketing. Its products include Unit linked Products, which includes conventional and shariah; Traditional Products, which includes education/retirement plan and hospital cash plan; Credit Life and Credit Shield Products, which includes house loan, car loan, property loan, personal loan and credit shield (for credit card), and Digital Marketing Products. Its services include updating customer database, expansion of premium payment facilities, e-policy, Whatsapp application for claim helpdesk services and claim guideline services.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: PNLF

Main
Market Cap.
IDR 9.81Trillion

~$618.39M USD

Industry
Insurance
Sub-Industry
Life Insurance
Sector
Financials
Sub-Sector

Valuation

PNLF Valuation Metrics

302

IDR

Closing Price on 2024-04-05

Price to Equity

5.33

P/E

At 5.33x P/E TTM, PNLF.JK is trading at a discount to its peers in the Insurance sector.

Price to Book

0.33

P/B

At 0.33x P/B TTM, PNLF.JK is trading at a discount to its peers in the Insurance sector.

Price to Sales

3.70

P/S

At 3.70x P/S TTM, PNLF.JK is trading at a premium to its peers in the Insurance sector (avg 1.3x).

Valuing Panin Financial 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 Panin Financial Tbk relative to other stocks in the Insurance sector

Price/Cash Flow
24.90x
Price/Forward Earnings
-
PEG Ratio
-0.45x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR3022024-04-05
IDR 704.22

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of PNLF is IDR704, which is 134% higher than PNLF's last closing price of IDR302 (as of 2024-04-05).

Valuation Recap of PNLF 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 5.33x is below the ID market average of 8.22x and is trading at a discount to peers in the Insurance sector (12.09x). ●●
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 0.33x is below the peers average of 0.74x in the Insurance sector. In fact, less than 25% of its peers trade at a lower P/B ratio than PNLF.●●
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 3.70x is above the peers average of 1.29x in the Insurance sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of PNLF'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. PNLF's P/CF ratio of 24.90x is considered a relatively high ratio by analysts.
Max 2
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of PNLF is IDR 704.22, which is 134% higher than PNLF's last closing price of IDR 302.00.●●●
Max 3

Peers

PNLF 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
LIFEPT MSIG Life Insurance Indonesia Tbk.12.60T14.74T 3.37T 0.26T 49.081.69
Competitiveness Recap of PNLF stock
WeightNotesScore
High
At a market cap of IDR 9,806.88 billion, PNLF.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 5.33, PNLF.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 26.99 (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 5.33, PNLF.JK is trading at a lower PE than that of its subsector peers in Insurance (median of 12.09). 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 2.65 trillion, PNLF.JK ranks 9 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 1.84 trillion, PNLF.JK ranks 8 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of PNLF

Growth Forecasts

PNLF 2024 Revenue Growth
+86.4%
PNLF 2024 EPS Growth
0.0%
Sector Revenue Growth
+86.4%
Insurance
Indonesia Market Growth
+12.0%
IDX overall growth
Insurance Sector Revenue Growth '24
+86.4%
Financials Sector Revenue Growth '24
+32.2%

Sector Benchmark

Insurance companies in Indonesia are growing at a projected rate of 86.43% against the IDX average of +12.0%.

Insurance sector overview

PNLF Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of PNLF
WeightNotesScore
High
PNLF's projected growth rate of 86.43% is above the ID market average of 11.98%.●●
Max 3
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 PNLF's revenue growth prospects in the next 2 years. ●●●
Max 3
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
Max 3
Medium
PNLF 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 75.53% in 2024 while revenue growth is projected to increase by 32.25%. These macroeconomic trends will likely be a tailwind for PNLF's earnings growth prospects in the next 2 years. ●●●
Max 3
Loading...
Loading...

Management

Executive Management

President Director

Marwan Noor15.2 years

Vice President Director

Bhindawati Gunawan15.4 years
Priskila Gabrielia Ciahaya
Director
NamePositionShares%
No data is available for PNLF at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

PNLF Ownership

Others
20.95%
Insiders
72.37%
Institutions
6.68%
NameNumber of SharesOwnership (%)Value
Pt Paninvest Tbk21,728,799,46067.866,562.10B
Public (Scripless)10,189,136,25331.823,077.12B
Public (Scrip)104,137,5800.3231.45B
No data is available for PNLF at the moment.