Trust Finance Indonesia Tbk

trus

Overview

TRUS Overview

PT Trust Finance Indonesia Tbk is an Indonesia-based company, which is engaged in the field of financing and financing institutions, namely investment financing, working capital financing and multipurpose financing in the form of provision of funds or capital goods, including finance leases, selling and leaseback, factoring, purchases with installment payments project financing and infrastructure financing, The Company’s business development includes vehicle financing, both passenger vehicles and commercial vehicles, both in a new condition or used vehicles. The Company also finances heavy equipment, such as excavators, bulldozers and others. Its investment financing services include heavy equipment, trucks and machinery financing.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TRUS

Development
Market Cap.
IDR 342.40Billion

~$21.59M USD

Industry
Consumer Financing
Sub-Industry
Consumer Financing
Sector
Financials

Valuation

TRUS Valuation Metrics

428

IDR

Closing Price on 2024-04-05

Price to Equity

13.23

P/E

At 13.23x P/E TTM, TRUS.JK is trading in line with its peers in the Financing Service sector.

Price to Book

0.93

P/B

At 0.93x P/B TTM, TRUS.JK is trading in line with its peers in the Financing Service sector.

Price to Sales

6.42

P/S

At 6.42x P/S TTM, TRUS.JK is trading at a premium to its peers in the Financing Service sector (avg 3.9x).

Valuing Trust Finance Indonesia 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 Trust Finance Indonesia Tbk relative to other stocks in the Financing Service sector

Price/Cash Flow
-17.87x
Price/Forward Earnings
-
Enterprise Value/Revenue
6.35x
Enterprise Value/EBITDA
-
PEG Ratio
-4.96x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR4282024-04-05
IDR 419.20

Fairly Close to Intrinsic Value: Analyst's intrinsic value is of TRUS is IDR419, which is 1% lower than TRUS's last closing price of IDR428 (as of 2024-04-05).

Valuation Recap of TRUS 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 13.23x is above the ID market average of 8.22x and is trading at a premium to peers in the Financing Service sector (11.80x).
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 0.93x is similar to the peers average of 1.03x in the Financing 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 6.42x is above the peers average of 3.91x in the Financing Service sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of TRUS'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. TRUS's P/CF ratio of -17.87x 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. TRUS's EV/R ratio of 6.35x is considered a relatively high ratio The average EV/R ratio for the Financing Service sector is 6.39x.
Max 3
Medium
Fairly Close to Intrinsic Value: Analyst's intrinsic value is of TRUS is IDR 419.20, which is 1% lower than TRUS's last closing price of IDR 428.00.
Max 3

Peers

TRUS 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
BFINBFI Finance Indonesia Tbk18.80T24.17T 6.09T 1.67T 11.242.00
Competitiveness Recap of TRUS stock
WeightNotesScore
High
At a market cap of IDR 342.40 billion, TRUS.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 13.23, TRUS.JK ranks 7 out of 10 companies in the Financials sector for P/E value. The average PE is 27.78 (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 13.23, TRUS.JK is trading at a higher PE than that of its subsector peers in Financing Service (median of 11.80). false
Max 2
Medium
At a revenue of IDR 0.05 trillion, TRUS.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.03 trillion, TRUS.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of TRUS

Growth Forecasts

No data available

Sector Benchmark

Financing Service companies in Indonesia are shrinking at a projected rate of -1.64% against the IDX average of +12.0%.

Financing Service sector overview
No data is available for TRUS at the moment.
Future growth prospect of TRUS
WeightNotesScore
High
TRUS's projected growth rate of -1.64% is below the ID market average of 11.98%.●●●
Max 3
High
The Financing Service sub-sector is projected to grow revenue by 16.51% in 2024. This number is higher than the previous year 2023's growth rate of 0.08%. This bodes well for TRUS's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Financing Service sub-sector is projected to decrease earnings by -5.76% in 2024. This number is higher than the previous year 2023's EPS growth of -21.42%. false
Max 3
Medium
TRUS 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 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 TRUS's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Suparman Sulina15.2 years
Tandijono Koko
Director
Suhiwan Budiyanto
Director
NamePositionShares%
No data is available for TRUS at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

TRUS Ownership

Others
20.72%
Insiders
79.28%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt. Majujaya Terus Sejahtera240,000,00030102.72B
Pt. Artha Capital Indonesia 223,760,00027.9795.77B
Public (Scripless)205,290,00025.6687.86B
Pt. Artha Perdana Investama74,760,0009.3532.00B
Hendry Hartato56,190,0007.0224.05B
No data is available for TRUS at the moment.