Financials PT Maskapai Reasuransi Indonesia Tbk

Equities

MREI

ID1000056005

Reinsurance

End-of-day quote INDONESIA S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
1,290 IDR -0.77% Intraday chart for PT Maskapai Reasuransi Indonesia Tbk -0.39% -37.98%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 2,640,738 2,216,148 2,433,621 2,190,259 2,231,682 1,077,007
Enterprise Value (EV) 1 2,632,039 2,183,733 2,415,863 2,183,080 2,227,400 1,070,437
P/E ratio 18.7 x 12.4 x 23.1 x -7.53 x 59.4 x 17.6 x
Yield 0.98% 1.17% 1.06% - 0.35% -
Capitalization / Revenue 2.03 x 1.38 x 1.48 x 1.29 x 1.28 x 0.55 x
EV / Revenue 2.02 x 1.36 x 1.47 x 1.28 x 1.27 x 0.55 x
EV / EBITDA 15.9 x 10.8 x 19.4 x -7.45 x 50.2 x 14.8 x
EV / FCF 13.5 x 6.97 x 4.5 x 10.4 x 7.45 x 6.68 x
FCF Yield 7.41% 14.4% 22.2% 9.61% 13.4% 15%
Price to Book 1.87 x 1.39 x 1.39 x 1.58 x 1.6 x 0.74 x
Nbr of stocks (in thousands) 517,792 517,792 517,792 517,792 517,792 517,792
Reference price 2 5,100 4,280 4,700 4,230 4,310 2,080
Announcement Date 3/29/19 5/29/20 5/25/21 4/28/22 3/31/23 4/2/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,299,873 1,600,249 1,642,534 1,702,614 1,749,964 1,945,035
EBITDA 1 165,615 201,690 124,392 -293,180 44,328 72,381
EBIT 1 159,751 194,709 117,547 -299,604 38,717 66,654
Operating Margin 12.29% 12.17% 7.16% -17.6% 2.21% 3.43%
Earnings before Tax (EBT) 1 161,351 193,279 112,754 -296,611 43,359 70,118
Net income 1 140,867 179,282 105,183 -291,040 37,588 61,357
Net margin 10.84% 11.2% 6.4% -17.09% 2.15% 3.15%
EPS 2 272.1 346.0 203.1 -562.1 72.59 118.0
Free Cash Flow 1 194,988 313,397 536,447 209,839 298,882 160,349
FCF margin 15% 19.58% 32.66% 12.32% 17.08% 8.24%
FCF Conversion (EBITDA) 117.74% 155.39% 431.25% - 674.25% 221.53%
FCF Conversion (Net income) 138.42% 174.81% 510.01% - 795.16% 261.34%
Dividend per Share 2 50.00 50.00 50.00 - 15.00 -
Announcement Date 3/29/19 5/29/20 5/25/21 4/28/22 3/31/23 4/2/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 8,699 32,415 17,758 7,179 4,283 6,570
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 194,988 313,397 536,447 209,839 298,882 160,349
ROE (net income / shareholders' equity) 10.2% 11.9% 6.28% -18.5% 2.7% 4.31%
ROA (Net income/ Total Assets) 3.17% 3.31% 1.81% -4.58% 0.59% 0.92%
Assets 1 4,448,952 5,408,534 5,812,171 6,360,546 6,421,936 6,684,485
Book Value Per Share 2 2,724 3,081 3,391 2,671 2,698 2,794
Cash Flow per Share 2 16.80 62.60 34.30 13.90 8.270 12.70
Capex 1 6,535 1,868 2,778 2,503 4,058 4,062
Capex / Sales 0.5% 0.12% 0.17% 0.15% 0.23% 0.21%
Announcement Date 3/29/19 5/29/20 5/25/21 4/28/22 3/31/23 4/2/24
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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