Reliance Sekuritas Indonesia Tbk

reli

+0.42%

Overview

RELI Overview

PT Reliance Sekuritas Indonesia, Tbk is an Indonesia-based security company. The Company provides fixed income services to corporate customers, such as banks, pension funds, insurance companies, investment managers, securities companies, employee cooperatives and other financial institutions that trade debt securities, such as government bonds, corporate bonds, sukuk and repos. The Research Division produces research products published before trading hours and distributed to customers through the Company's websites (www.reliancesekuritas.com and www.relitrade.com/research). These products include Daily Insight, Daily Stock Recommendation, Online Trading Portal, Morning Coffee, Conference Call, and Foreign Movers. In addition to daily research products, the research division also has two types of research report products, namely fundamental research products and technical research products. It provides financial advisory and securities underwriting services to various issuers.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: RELI

Main
Market Cap.
IDR 860.40Billion

~$53.77M USD

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

Valuation

RELI Valuation Metrics

478

IDR
+0.4%

Closing Price on 2024-04-18

Price to Equity

21.07

P/E

At 21.07x P/E TTM, RELI.JK is trading at a premium to its peers in the Investment Service sector (avg 16.1x).

Price to Book

1.41

P/B

At 1.41x P/B TTM, RELI.JK is trading in line with its peers in the Investment Service sector.

Price to Sales

11.57

P/S

At 11.57x P/S TTM, RELI.JK is trading at a premium to its peers in the Investment Service sector (avg 9.1x).

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

Price/Cash Flow
-60.98x
Price/Forward Earnings
-
Enterprise Value/Revenue
6.35x
Enterprise Value/EBITDA
-
PEG Ratio
-4.00x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR4782024-04-18
IDR 256.57

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of RELI is IDR257, which is 45% lower than RELI's last closing price of IDR478 (as of 2024-04-18).

Valuation Recap of RELI 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 21.07x is above the ID market average of 8.46x and is trading at a premium to peers in the Investment Service sector (16.14x).

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 1.41x is similar to the peers average of 1.45x in the Investment Service 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 11.57x is above the peers average of 9.11x in the Investment Service sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of RELI'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. RELI's P/CF ratio of -60.98x is considered healthy by analysts.

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. RELI's EV/R ratio of 6.35x is considered a relatively high ratio The average EV/R ratio for the Investment Service sector is 4.84x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of RELI is IDR 256.57, which is 45% lower than RELI's last closing price of IDR 478.00.

Peers

RELI 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
YULEYulie Sekuritas Indonesia Tbk3.72T0.57T 0.05T 0.03T 137.227.08
Competitiveness Recap of RELI stock
WeightNotesScore
High
At a market cap of IDR 860.40 billion, RELI.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 21.07, RELI.JK ranks 5 out of 10 companies in the Financials sector for P/E value. The average PE is 30.58 (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 21.07, RELI.JK is trading at a higher PE than that of its subsector peers in Investment Service (median of 16.14). false

Medium
At a revenue of IDR 0.07 trillion, RELI.JK ranks 10 in Revenue out of 10 companies in the Financials sector.

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

Future

Future Growth of RELI

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 +7.6%.

Investment Service sector overview
No data is available for RELI at the moment.
Future growth prospect of RELI
WeightNotesScore
Medium
RELI 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 72.75% in 2024 while revenue growth is projected to increase by 34.06%. These macroeconomic trends will likely be a tailwind for RELI's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Bagus Abimanyu Lulu15.2 years
Wilson Sofan
Director
NamePositionShares%
No data is available for RELI at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

RELI Ownership

Others
13.51%
Insiders
86.49%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Reliance Capital Management1,556,887,13586.49744.19B
Public (Scripless)243,112,86513.51116.21B
No data is available for RELI at the moment.