PT Victoria Insurance Tbk.

Overview

VINS Overview

PT Victoria Insurance Tbk is an Indonesia-based company, which is engaged in providing general insurance. The Company’s business activities include running insurance and reinsurance business and coverage services or risk management and risk coverage. The Company's products include property insurance, motor vehicle insurance, marine cargo insurance, engineering insurance, personal accident insurance and health insurance and surety bonds insurance. The property insurance provides for financial losses caused by hazards, such as fire, lightning, container explosion, falling aircraft, and smoke arising from sudden events. The marine cargo insurance provides for goods loss or damage during marine cargo, both on land, sea and air in domestic or abroad. Motor vehicle insurance provides for losses due to motor vehicle damage or loss. Engineering Insurance is a type of insurance which provides scope for civil construction, machine installation, and machine operation.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: VINS

Development
Market Cap.
IDR 197.18Billion

~$12.11M USD

Industry
Insurance
Sub-Industry
General Insurance
Sector
Financials
Sub-Sector

Valuation

VINS Valuation Metrics

135

IDR
+1.5%

Closing Price on 2024-07-19

Price to Equity

14.11

P/E

At 14.11x P/E TTM, VINS.JK is trading in line with its peers in the Insurance sector.

Price to Book

1.24

P/B

At 1.24x P/B TTM, VINS.JK is trading at a premium to its peers in the Insurance sector (avg 0.7x).

Price to Sales

2.86

P/S

At 2.86x P/S TTM, VINS.JK is trading at a premium to its peers in the Insurance sector (avg 1.0x).

Valuing PT Victoria Insurance 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 PT Victoria Insurance Tbk. relative to other stocks in the Insurance sector

Price/Cash Flow12.42x
Price/Forward Earnings-
PEG Ratio0.05x

Intrinsic Value

Last closing: IDR1352024-07-19
IDR 88.04

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of VINS is IDR88, which is 34% lower than VINS's last closing price of IDR135 (as of 2024-07-19).

Valuation Recap of VINS 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 14.11x is above the ID market average of 8.44x and is trading at a premium to peers in the Insurance sector (13.11x).

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 1.24x is above the peers average of 0.68x in the Insurance 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 2.86x is above the peers average of 0.97x in the Insurance sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of VINS'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. VINS's P/CF ratio of 12.42x is considered a relatively high ratio by analysts.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of VINS is IDR 88.04, which is 34% lower than VINS's last closing price of IDR 135.00.

Peers

VINS 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
LIFEPT MSIG Life Insurance Indonesia Tbk.12.50T14.86T 3.50T 0.22T 57.501.65
Competitiveness Recap of VINS stock
WeightNotesScore
High
At a market cap of IDR 197.18 billion, VINS.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 14.11, VINS.JK ranks 6 out of 10 companies in the Financials sector for P/E value. The average PE is 44.30 (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 14.11, VINS.JK is trading at a higher PE than that of its subsector peers in Insurance (median of 13.11). false

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

Medium
At a profit of IDR 0.01 trillion, VINS.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of VINS

Growth Forecasts

Analyst Ratings

Based on ratings from 23 analysts for VINS over the past 3 months.

Strong Buy

Strong Buy

69.6%

Buy

13.0%

Hold

17.4%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-06-28

Sector Benchmark

Insurance companies in Indonesia are shrinking at a projected rate of -69.27% against the IDX average of +13.8%.

Insurance sector overview
No data is available for VINS at the moment.
Future growth prospect of VINS
WeightNotesScore
High
VINS's projected growth rate of -69.27% is below the ID market average of 13.82%.

Medium
VINS 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 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 VINS's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of VINS

Oscillators

Neutral

Sell

1

Neutral

8

Buy

2

Summary

Sell

Sell

14

Neutral

9

Buy

3

Moving Averages

Strong Sell

Sell

13

Neutral

1

Buy

1

Summary

Technical Ratings of VINS
IndicatorSummarySellNeutralBuy
SummarySell1493
OscillatorsNeutral182
Moving AveragesStrong Sell1311

Last Update: 2024-07-19

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Management

Executive Management

President Director

Suwandi Suharto15.2 years
Drs. FatchurhudaDirector
Rosalina GunawanDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for VINS at the moment.

Ownership

VINS Ownership

NameNumber of SharesOwnership (%)Value
Pt Victoria Investama Tbk1,065,546,89572.95143.85B
Public384,281,81626.3151.88B
Aldo Jusuf Tjahaja10,744,9050.741.45B

VINS Filings

No noteworthy filings to report on

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