PT BANK RAKYAT INDONESIA (PERSERO) TBK |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,830 IDR | -6.21% |
|
-8.44% | -15.63% |
| Apr. 25 | PT Bank Rakyat Indonesia Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 25 | Transcript : PT Bank Rakyat Indonesia Tbk, Q1 2024 Earnings Call, Apr 25, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 538,474,796 | 511,222,595 | 616,678,422 | 747,283,828 | 863,641,192 | 728,319,838 | - | - |
| Enterprise Value (EV) 1 | 538,474,796 | 511,222,595 | 616,678,422 | 747,283,828 | 863,641,192 | 728,319,838 | 728,319,838 | 728,319,838 |
| P/E ratio | 15.7 x | 27.4 x | 17.3 x | 14.6 x | 14.4 x | 11.2 x | 9.85 x | 8.81 x |
| Yield | 3.73% | 2.31% | 4.24% | - | - | 6.6% | 7.49% | 8.45% |
| Capitalization / Revenue | 4.85 x | 4.7 x | 3.94 x | 4.31 x | 4.53 x | 3.67 x | 3.31 x | 3.13 x |
| EV / Revenue | 4.85 x | 4.7 x | 3.94 x | 4.31 x | 4.53 x | 3.67 x | 3.31 x | 3.13 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 2.67 x | 2.6 x | 2.16 x | 2.49 x | 2.77 x | 2.17 x | 2.05 x | 1.94 x |
| Nbr of stocks (in thousands) | 122,380,636 | 122,595,347 | 150,043,412 | 151,272,030 | 150,854,357 | 150,790,857 | - | - |
| Reference price 2 | 4,400 | 4,170 | 4,110 | 4,940 | 5,725 | 4,830 | 4,830 | 4,830 |
| Announcement Date | 1/24/20 | 1/29/21 | 2/3/22 | 2/8/23 | 1/31/24 | - | - | - |
1IDR in Million2IDR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 110,961 | 108,674 | 156,353 | 173,477 | 190,642 | 198,673 | 219,754 | 232,984 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 65,927 | 59,624 | 80,435 | 92,119 | 105,953 | 114,540 | 124,026 | 136,329 |
| Operating Margin | 59.41% | 54.87% | 51.44% | 53.1% | 55.58% | 57.65% | 56.44% | 58.51% |
| Earnings before Tax (EBT) 1 | 43,364 | 26,725 | 40,992 | 64,597 | 76,430 | 82,560 | 93,266 | 105,720 |
| Net income 1 | 34,373 | 18,655 | 31,067 | 51,170 | 60,100 | 65,286 | 73,892 | 83,499 |
| Net margin | 30.98% | 17.17% | 19.87% | 29.5% | 31.53% | 32.86% | 33.63% | 35.84% |
| EPS 2 | 281.0 | 152.0 | 238.0 | 338.0 | 398.0 | 432.1 | 490.5 | 548.2 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 164.1 | 96.49 | 174.3 | - | - | 318.7 | 362.0 | 408.3 |
| Announcement Date | 1/24/20 | 1/29/21 | 2/3/22 | 2/8/23 | 1/31/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 33,214 | 58,770 | 30,685 | 45,137 | - | 43,497 | 39,100 | 48,601 | 52,623 | 50,318 | 46,364 | 49,179 | 50,871 | 52,526 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 17,561 | 24,712 | - | 25,397 | - | 18,254 | 26,690 | 24,528 | 27,737 | 26,998 | 31,932 | - | - | - | - |
| Operating Margin | 52.87% | 42.05% | - | 56.26% | - | 41.97% | 68.26% | 50.47% | 52.71% | 53.65% | 56.72% | - | - | - | - |
| Earnings before Tax (EBT) 1 | 8,929 | 15,683 | - | 15,864 | - | - | 19,597 | 17,603 | 18,518 | 20,711 | 19,925 | - | - | - | - |
| Net income 1 | 7,967 | 11,810 | - | 12,619 | - | 12,014 | 15,502 | 13,920 | 14,571 | 16,107 | 15,886 | - | - | - | - |
| Net margin | 23.99% | 20.1% | - | 27.96% | - | 27.62% | 39.65% | 28.64% | 27.69% | 32.01% | 35.47% | - | - | - | - |
| EPS 2 | - | - | - | - | - | - | - | 92.00 | 100.0 | 103.0 | 105.0 | 109.5 | 111.0 | 104.7 | - |
| Dividend per Share 2 | - | 174.3 | - | - | - | - | - | - | - | - | - | - | - | 317.2 | - |
| Announcement Date | 10/27/21 | 2/3/22 | 4/25/22 | 7/27/22 | 11/16/22 | 2/8/23 | 4/27/23 | 8/30/23 | 10/25/23 | 1/31/24 | 4/25/24 | - | - | - | - |
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) | 17.7% | 11.1% | 14.1% | 17.4% | 18.3% | 20.3% | 21.5% | 22.5% |
| ROA (Net income/ Total Assets) | 2.5% | 1.98% | 2.23% | 2.89% | 3.12% | 3.17% | 3.36% | 3.39% |
| Assets 1 | 1,374,904 | 942,159 | 1,393,121 | 1,771,825 | 1,926,278 | 2,061,444 | 2,201,557 | 2,466,728 |
| Book Value Per Share 2 | 1,651 | 1,602 | 1,905 | 1,981 | 2,065 | 2,228 | 2,359 | 2,490 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 1/24/20 | 1/29/21 | 2/3/22 | 2/8/23 | 1/31/24 | - | - | - |
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
24
Last Close Price
4,830
IDR
Average target price
6,563
IDR
Spread / Average Target
+35.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.63% | 44.89B | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| +0.10% | 139B | |
| -11.67% | 138B |
- Stock Market
- Equities
- BBRI Stock
- Financials PT Bank Rakyat Indonesia (Persero) Tbk
