PT Mizuho Leasing Indonesia Tbk

vrna

Overview

VRNA Overview

PT Mizuho Leasing Indonesia Tbk is an Indonesia-based company. The Company offers its products through a retail business unit, and a corporate business unit. Its corporate business unit provides lease financing through direct lease or sale and lease back by purchasing assets such as machinery, construction equipment, information technology (IT), medical equipment, and others that are needed by corporate customers from manufacturers/distributors/dealers and lease them to customers. Its retail business unit consists of used car financing, multipurpose financing and agriculture financing. The Company provides used car financing to customers by contacting the showroom partners. The Company provides financing for home renovations, travel expenses, education costs, wedding expenses and medical expenses. Its agriculture financing helps farmers with the procurement of agricultural tools and machinery for farmers who face difficulties in applying credit for the purchase of agricultural tools.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: VRNA

Development
Market Cap.
IDR 511.74Billion

~$32.57M USD

Industry
Consumer Financing
Sub-Industry
Consumer Financing
Sector
Financials

Valuation

VRNA Valuation Metrics

89

IDR

Closing Price on 2024-04-05

Price to Equity

11.80

P/E

At 11.80x P/E TTM, VRNA.JK is trading in line with its peers in the Financing Service sector.

Price to Book

0.70

P/B

At 0.70x P/B TTM, VRNA.JK is trading at a discount to its peers in the Financing Service sector.

Price to Sales

1.35

P/S

At 1.35x P/S TTM, VRNA.JK is trading at a discount to its peers in the Financing Service sector.

Valuing PT Mizuho Leasing 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 PT Mizuho Leasing Indonesia Tbk relative to other stocks in the Financing Service sector

Price/Cash Flow
-1.71x
Price/Forward Earnings
-
Enterprise Value/Revenue
6.44x
Enterprise Value/EBITDA
-
PEG Ratio
-1.49x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR892024-04-05
IDR 41.22

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of VRNA is IDR41, which is 53% lower than VRNA's last closing price of IDR89 (as of 2024-04-05).

Valuation Recap of VRNA 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 11.80x is above the ID market average of 8.22x but is trading in a P/E range similar to its 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 0.70x is similar to the peers average of 1.03x in the Financing Service sector. In fact, less than 25% of its peers trade at a lower P/B ratio than VRNA.●●
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 1.35x is below 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 VRNA'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. VRNA's P/CF ratio of -1.71x 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. VRNA's EV/R ratio of 6.44x is considered a relatively high ratio The average EV/R ratio for the Financing Service sector is 6.39x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of VRNA is IDR 41.22, which is 53% lower than VRNA's last closing price of IDR 89.00.
Max 3

Peers

VRNA 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 VRNA stock
WeightNotesScore
High
At a market cap of IDR 511.74 billion, VRNA.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 11.80, VRNA.JK ranks 8 out of 10 companies in the Financials sector for P/E value. The average PE is 27.64 (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 11.80, VRNA.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 0.38 trillion, VRNA.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.04 trillion, VRNA.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of VRNA

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

Executive Management

President Director

Konosuke Mizuta 15.2 years
Andi Harjono
Director
Ade Rafida Saulina S
Director
Shunsuke Kojima
Director
Yudi Gustiawan
Director
NamePositionShares%
No data is available for VRNA at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

VRNA Ownership

Others
7.5%
Insiders
92.5%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Mizuho Leasing Co,. Ltd (D/H Ibj Leasing Co,. Ltd)3,835,346,80467.44341.35B
Pt. Bank Pan Indonesia Tbk1,425,455,60425.06126.87B
Public426,551,5897.537.96B
No data is available for VRNA at the moment.