PT Trimegah Sekuritas Indonesia Tbk

trim

Overview

TRIM Overview

PT Trimegah Sekuritas Indonesia Tbk is an Indonesia-based company, which is engaged in brokerage and underwriting of securities. The Company operates through two segments: Brokerage and underwriting, and Investment manager activities. The Company’s products and services include equity trading, fixed income trading, investment banking, online trading and transaction financing. Its equity trading division provides equity sales service in the primary market and equity brokerage service in the secondary market for retail and institutional clients. Its fixed income trading division provides fixed income securities sales service in the primary market and fixed income securities brokerage service in the secondary market, such as government bonds, corporate bonds, retail government bonds, retail savings bonds, retail bonds, and savings sharia government bonds. The investment banking provides equity and fixed income securities underwriting services, as well as financial advisory services.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TRIM

Main
Market Cap.
IDR 1.89Trillion

~$119.24M USD

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

Valuation

TRIM Valuation Metrics

264

IDR

Closing Price on 2024-04-05

Price to Equity

16.51

P/E

At 16.51x P/E TTM, TRIM.JK is trading in line with its peers in the Investment Service sector.

Price to Book

1.64

P/B

At 1.64x P/B TTM, TRIM.JK is trading in line with its peers in the Investment Service sector.

Price to Sales

2.56

P/S

At 2.56x P/S TTM, TRIM.JK is trading at a discount to its peers in the Investment Service sector.

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

Price/Cash Flow
-16.62x
Price/Forward Earnings
-
Enterprise Value/Revenue
3.19x
Enterprise Value/EBITDA
10.57x
PEG Ratio
-

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of TRIM 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 16.51x is above the ID market average of 8.22x and is trading at a discount to peers in the Investment Service sector (18.96x).
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 1.64x is similar to the peers average of 1.54x in the Investment Service sector.
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 2.56x 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 TRIM'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. TRIM's P/CF ratio of -16.62x 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. TRIM's EV/R ratio of 3.19x is considered a relatively high ratio The average EV/R ratio for the Investment Service sector is 4.70x.
Max 3

Peers

TRIM 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 TRIM stock
WeightNotesScore
High
At a market cap of IDR 1,891.07 billion, TRIM.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 16.51, TRIM.JK ranks 6 out of 10 companies in the Financials sector for P/E value. The average PE is 28.11 (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 16.51, TRIM.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 0.74 trillion, TRIM.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.11 trillion, TRIM.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of TRIM

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 TRIM at the moment.
Future growth prospect of TRIM
WeightNotesScore
Medium
TRIM 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 TRIM's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Philmon Samuel Tanuri15.2 years
David Agus
Director
NamePositionShares%
David AgusDirector17,800,0000.25
Philmon Samuel TanuriPresident Director559,044,0007.86
Expressed in millions IDR, unless otherwise stated

Ownership

TRIM Ownership

Others
47.72%
Insiders
52.18%
Institutions
0.1%
NameNumber of SharesOwnership (%)Value
Public (Scripless)3,479,756,00048.95918.66B
Garibaldi Thohir2,462,700,00034.64650.15B
Union Sampoerna, Pt.590,000,0008.3155.76B
Philmon Samuel Tanuri559,044,0007.86147.59B
David Agus17,800,0000.254.70B

Largest Institutional Buy

No data is available for TRIM at the moment.

Largest Institutional Sell

Dimensional Fund Advisors LP
Sold 31-01-2024
-286,483 shares

Institutional Transactions

Tracking institutional transactions buying / selling of TRIM stock