Financials PT Bank BTPN Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-04-28 pm EDT			5-day change	1st Jan Change
2,440 ^IDR	0.00%		-0.81%	-6.87%

Mar. 28	Nomura Adjusts Bank BTPN’s Price Target to 2,600 Rupiahs From 2,900 Rupiahs, Keeps at Neutral	MT
Feb. 26	PT Bank BTPN Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	26,174,622	25,047,110	21,108,138	21,350,107	21,108,795	25,483,144	-	-
Enterprise Value (EV) ¹	26,174,622	25,047,110	21,108,138	21,350,107	21,108,795	25,483,144	25,483,144	25,483,144
P/E ratio	10 x	14.3 x	7.92 x	6.9 x	8.94 x	8.98 x	10.4 x	10.8 x
Yield	3.08%	-	-	-	-	-	-	-
Capitalization / Revenue	1.64 x	2.16 x	1.71 x	-	1.5 x	1.75 x	1.74 x	1.67 x
EV / Revenue	1.64 x	2.16 x	1.71 x	-	1.5 x	1.75 x	1.74 x	1.67 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.88 x	0.8 x	0.62 x	-	-	0.48 x	0.46 x	0.44 x
Nbr of stocks (in thousands)	8,053,730	8,053,733	8,056,541	8,056,644	8,056,792	10,443,911	-	-
Reference price ²	3,250	3,110	2,620	2,650	2,620	2,440	2,440	2,440
Announcement Date	3/24/20	2/26/21	2/24/22	2/28/23	2/26/24	-	-	-

¹IDR in Million²IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	16,006	11,584	12,340	-	14,118	14,523	14,663	15,258
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	5,193	4,701	5,357	-	6,511	6,546	6,379	6,552
Operating Margin	32.44%	40.58%	43.41%	-	46.12%	45.07%	43.5%	42.94%
Earnings before Tax (EBT) ¹	4,019	2,633	4,007	-	3,458	3,337	3,009	3,014
Net income ¹	2,573	1,749	2,665	3,096	2,358	2,213	1,904	1,843
Net margin	16.07%	15.1%	21.59%	-	16.71%	15.24%	12.99%	12.08%
EPS ²	324.0	217.0	331.0	384.0	293.0	271.6	233.6	226.2
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	100.0	-	-	-	-	-	-	-
Announcement Date	3/24/20	2/26/21	2/24/22	2/28/23	2/26/24	-	-	-

¹IDR in Billions²IDR

Estimates

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)	9.94%	5.73%	6.81%	-	-	5.5%	4.5%	4.2%
ROA (Net income/ Total Assets)	2.25%	0.96%	-	-	-	1.06%	0.85%	0.77%
Assets ¹	114,335	182,408	-	-	-	208,774	224,000	239,351
Book Value Per Share ²	3,709	3,876	4,216	-	-	5,084	5,309	5,526
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	3/24/20	2/26/21	2/24/22	2/28/23	2/26/24	-	-	-

¹IDR in Billions²IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2,440 IDR

Average target price

2,600 IDR

Spread / Average Target

+6.56%

	1st Jan change	Capi.
PT BANK BTPN TBK	-6.87%	1.57B
AL RAJHI BANKING AND INVESTMENT CORPORATION	-7.17%	83.84B
FIRSTRAND LIMITED	-13.56%	18.91B
CAPITEC BANK HOLDINGS LIMITED	+10.53%	13.78B
FEDERAL NATIONAL MORTGAGE ASSOCIATION	+42.99%	8.38B
ABSA GROUP LIMITED	-13.66%	6.22B
PENNYMAC FINANCIAL SERVICES, INC.	-1.30%	4.43B
LIC HOUSING FINANCE LIMITED	+24.39%	4.36B
WALKER & DUNLOP, INC.	-14.94%	3.13B
WSFS FINANCIAL CORPORATION	-5.48%	2.57B