PT BANK NEGARA INDONESIA (PERSERO) TBK |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5,150 IDR | -2.83% |
|
-1.44% | -4.19% |
| Apr. 05 | Bank Negara Indonesia Files for Singapore Listing of $500 Million Bonds Due 2029 | MT |
| Feb. 14 | Nickel Industries Achieves Syndication of $400 Million of Bank Loan Facilities | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 146,391,953 | 115,034,549 | 125,280,890 | 172,033,856 | 200,473,057 | 191,872,511 | - | - |
| Enterprise Value (EV) 1 | 146,391,953 | 115,034,549 | 125,280,890 | 172,033,856 | 200,473,057 | 191,872,511 | 191,872,511 | 191,872,511 |
| P/E ratio | 9.52 x | 35.1 x | 11.5 x | 9.38 x | 9.58 x | 8.13 x | 7.2 x | 6.47 x |
| Yield | 2.56% | - | 0.65% | - | - | 5.32% | 6% | 7.47% |
| Capitalization / Revenue | 3.05 x | 2.21 x | 2.24 x | 2.8 x | 3.19 x | 2.84 x | 2.61 x | 2.41 x |
| EV / Revenue | 3.05 x | 2.21 x | 2.24 x | 2.8 x | 3.19 x | 2.84 x | 2.61 x | 2.41 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.19 x | 1.04 x | 1.04 x | 1.27 x | 1.33 x | 1.17 x | 1.07 x | 0.98 x |
| Nbr of stocks (in thousands) | 37,297,313 | 37,258,154 | 37,120,264 | 37,297,313 | 37,297,313 | 37,256,798 | - | - |
| Reference price 2 | 3,925 | 3,088 | 3,375 | 4,612 | 5,375 | 5,150 | 5,150 | 5,150 |
| Announcement Date | 1/22/20 | 1/30/21 | 1/26/22 | 1/25/23 | 1/29/24 | - | - | - |
1IDR in Million2IDR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 47,960 | 52,036 | 55,865 | 61,472 | 62,747 | 67,460 | 73,618 | 79,542 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 28,325 | 27,703 | 30,848 | 34,413 | 34,836 | 39,071 | 42,746 | 46,411 |
| Operating Margin | 59.06% | 53.24% | 55.22% | 55.98% | 55.52% | 57.92% | 58.06% | 58.35% |
| Earnings before Tax (EBT) 1 | 19,369 | 5,112 | 12,551 | 22,687 | 25,640 | 29,199 | 33,042 | 36,917 |
| Net income 1 | 15,384 | 3,280 | 10,899 | 18,312 | 20,909 | 23,630 | 26,700 | 29,852 |
| Net margin | 32.08% | 6.3% | 19.51% | 29.79% | 33.32% | 35.03% | 36.27% | 37.53% |
| EPS 2 | 412.5 | 88.00 | 292.5 | 491.5 | 561.0 | 633.4 | 714.9 | 795.6 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 100.5 | - | 22.01 | - | - | 274.0 | 309.0 | 384.8 |
| Announcement Date | 1/22/20 | 1/30/21 | 1/26/22 | 1/25/23 | 1/29/24 | - | - | - |
1IDR in Billions2IDR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,705 | 14,361 | 14,681 | 15,095 | - | - | - | 14,292 | 14,524 | 16,961 | 14,945 | 15,797 | 16,131 | 16,764 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 7,408 | 7,414 | - | 8,708 | 8,588 | 8,581 | - | 7,964 | 7,772 | 8,750 | 7,642 | - | - | - |
| Operating Margin | 54.05% | 51.63% | - | 57.69% | - | - | - | 55.72% | 53.51% | 51.59% | 51.13% | - | - | - |
| Earnings before Tax (EBT) 1 | 3,352 | 2,914 | - | 5,948 | - | - | - | 6,247 | 6,672 | 6,263 | 6,907 | - | - | - |
| Net income 1 | 2,720 | 3,152 | - | 4,841 | 4,889 | 4,620 | - | 5,081 | 5,452 | 5,156 | 5,618 | - | - | - |
| Net margin | 19.84% | 21.95% | - | 32.07% | - | - | - | 35.55% | 37.53% | 30.4% | 37.59% | - | - | - |
| EPS 2 | - | - | - | - | - | - | - | 136.5 | 292.0 | - | 150.8 | 160.3 | 166.6 | 154.1 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 280.3 |
| Announcement Date | 10/25/21 | 1/26/22 | 4/26/22 | 7/31/22 | 10/24/22 | 1/25/23 | 4/18/23 | 7/26/23 | 10/31/23 | 1/29/24 | - | - | - | - |
1IDR in Billions2IDR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 13.3% | 2.82% | 9.5% | 14.9% | 14.6% | 15.1% | 15.4% | 15.8% |
| ROA (Net income/ Total Assets) | 1.86% | 0.38% | 1.17% | 1.93% | 1.98% | 2.12% | 2.18% | 2.23% |
| Assets 1 | 827,078 | 868,521 | 928,086 | 948,415 | 1,058,172 | 1,114,154 | 1,223,485 | 1,340,098 |
| Book Value Per Share 2 | 3,285 | 2,957 | 3,257 | 3,643 | 4,030 | 4,385 | 4,811 | 5,264 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/22/20 | 1/30/21 | 1/26/22 | 1/25/23 | 1/29/24 | - | - | - |
1IDR in Billions2IDR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
5,150
IDR
Average target price
6,346
IDR
Spread / Average Target
+23.22%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.19% | 11.83B | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| -11.67% | 138B | |
| +0.10% | 139B |
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