KDB Tifa Finance Tbk

Overview

TIFA Overview

PT KDB Tifa Finance Tbk is an Indonesia-based finance company. The Company’s activities comprise investment financing, sharia financing, working capital financing, multipurpose financing, other financing business activities. The Company’s segments include finance lease, multipurpose financing and sharia financing. It provides sharia financing through Ijarah and Ijarah Muntahiyah Bittamlik. The Company has six office networks, namely Jakarta, Semarang, Surabaya, Balikpapan, Pekanbaru and Makassar.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TIFA

Watchlist
Market Cap.
IDR 1.31Trillion

~$80.70M USD

Industry
Consumer Financing
Sub-Industry
Consumer Financing
Sector
Financials

Valuation

TIFA Valuation Metrics

370

IDR
0.0%

Closing Price on 2024-07-18

Price to Equity

22.34

P/E

At 22.34x P/E TTM, TIFA.JK is trading at a premium to its peers in the Financing Service sector (avg 9.9x).

Price to Book

1.13

P/B

At 1.13x P/B TTM, TIFA.JK is trading at a premium to its peers in the Financing Service sector (avg 1.0x).

Price to Sales

7.55

P/S

At 7.55x P/S TTM, TIFA.JK is trading at a premium to its peers in the Financing Service sector (avg 2.8x).

Valuing KDB Tifa Finance Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Financing Service sector

Historical Price to Earnings

Other Valuation Metrics

Valuing KDB Tifa Finance Tbk relative to other stocks in the Financing Service sector

Price/Cash Flow-7.77x
Price/Forward Earnings-
Enterprise Value/Revenue9.51x
Enterprise Value/EBITDA31.83x
PEG Ratio-3.19x

Intrinsic Value

Last closing: IDR3702024-07-18
IDR 179.70

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of TIFA is IDR180, which is 50% lower than TIFA's last closing price of IDR370 (as of 2024-07-18).

Valuation Recap of TIFA 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 22.34x is above the ID market average of 8.44x and is trading at a premium to peers in the Financing Service sector (9.87x). In fact, less than 25% of its peers trade at a higher P/E ratio than TIFA.

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 1.13x is similar to the peers average of 0.97x in the Financing 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 7.55x is above the peers average of 2.80x in the Financing Service sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of TIFA'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. TIFA's P/CF ratio of -7.77x 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. TIFA's EV/R ratio of 9.51x is considered a relatively high ratio. The average EV/R ratio for the Financing Service sector is 6.32x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of TIFA is IDR 179.70, which is 50% lower than TIFA's last closing price of IDR 370.00.

Peers

TIFA 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.1,245.08T1,408.11T 101.91T 48.64T 25.605.14
BBRIPT Bank Rakyat Indonesia (Persero) Tbk738.88T1,989.07T 178.91T 59.88T 12.342.52
BMRIPT Bank Mandiri (Persero) Tbk611.33T2,174.22T 123.24T 55.06T 11.102.34
BBNIPT Bank Negara Indonesia (Persero) Tbk189.03T1,066.72T 60.27T 21.08T 8.971.30
BRISPT Bank Syariah Indonesia Tbk113.02T357.90T 19.39T 5.91T 19.132.79
SMMAPT Sinar Mas Multiartha Tbk92.97T116.18T 25.19T 0.45T 207.773.97
DNETPT Indoritel Makmur Internasional Tbk.70.21T20.44T 1.40T 0.58T 120.885.44
MEGABank Mega Tbk58.70T126.53T 7.85T 3.60T 16.322.94
BNGAPT Bank CIMB Niaga Tbk44.76T332.99T 19.03T 6.58T 6.800.87
BFINBFI Finance Indonesia Tbk12.71T24.17T 6.06T 1.50T 8.491.29
Competitiveness Recap of TIFA stock
WeightNotesScore
High
At a market cap of IDR 1,314.32 billion, TIFA.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 22.34, TIFA.JK ranks 4 out of 10 companies in the Financials sector for P/E value. The average PE is 45.13 (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 (207.77) in the Financials sector.

Medium
At a PE of 22.34, TIFA.JK is trading at a higher PE than that of its subsector peers in Financing Service (median of 9.87). false

Medium
At a revenue of IDR 0.17 trillion, TIFA.JK ranks 10 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 0.06 trillion, TIFA.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of TIFA

Growth Forecasts

Analyst Ratings

No analyst ratings available yet.

Sector Benchmark

Financing Service companies in Indonesia are shrinking at a projected rate of -16.12% against the IDX average of +13.8%.

Financing Service sector overview
No data is available for TIFA at the moment.
Future growth prospect of TIFA
WeightNotesScore
High
TIFA's projected growth rate of -16.12% is below the ID market average of 13.82%.

High
The Financing Service sub-sector is projected to grow revenue by 0.55% in 2025. This number is higher than the previous year 2024's growth rate of -9.99%. false

Medium
The Financing Service sub-sector is projected to increase earnings by 14.59% in 2025. This number is higher than the previous year 2024's EPS growth of 0.73%. This bodes well for TIFA's earnings growth prospects in the next 2 years.

Medium
TIFA and its peers in the Financing Service sub-sector belongs to the Financials sector. Companies in the Financials sector are projected to have a fruitful year heading into 2025. Specifically, earnings are projected to increase by 15.70% in 2025 while revenue growth is projected to increase by 24.44%. These macroeconomic trends will likely be a tailwind for TIFA's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of TIFA

Oscillators

Neutral

Sell

0

Neutral

9

Buy

1

Summary

Sell

Sell

12

Neutral

10

Buy

3

Moving Averages

Strong Sell

Sell

12

Neutral

1

Buy

2

Summary

Technical Ratings of TIFA
IndicatorSummarySellNeutralBuy
SummarySell12103
OscillatorsNeutral091
Moving AveragesStrong Sell1212

Last Update: 2024-07-19

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Management

Executive Management

President Director

Cho Jaeseong15.2 years
Ester GunawanDirector
Eun SeonghyukDirector
Ina Dashinta HamidDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for TIFA at the moment.

Ownership

TIFA Ownership

NameNumber of SharesOwnership (%)Value
The Korea Development Bank3,006,779,36384.651,112.51B
Pt Dwi Satrya Utama532,707,25915197.10B
Public (Scripless)12,726,3780.364.71B

TIFA Filings

No noteworthy filings to report on

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