BST:TA2

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Bank Tabungan Negara (Persero)

Executive Summary

PT Bank Tabungan Negara (Persero) Tbk provides various commercial banking products and services in Indonesia.


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.

Share Price & News

How has Bank Tabungan Negara (Persero)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TA2's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

13.8%

TA2

4.4%

DE Banks

2.7%

DE Market


1 Year Return

-47.5%

TA2

4.2%

DE Banks

10.3%

DE Market

Return vs Industry: TA2 underperformed the German Banks industry which returned 4.2% over the past year.

Return vs Market: TA2 underperformed the German Market which returned 10.3% over the past year.


Shareholder returns

TA2IndustryMarket
7 Day13.8%4.4%2.7%
30 Day3.9%4.4%1.9%
90 Day135.7%50.9%17.0%
1 Year-47.5%-47.5%4.2%4.2%12.8%10.3%
3 Year-57.2%-59.0%-46.6%-48.6%7.1%-1.4%
5 Year12.6%3.1%-31.3%-47.6%18.2%2.3%

Price Volatility Vs. Market

How volatile is Bank Tabungan Negara (Persero)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bank Tabungan Negara (Persero) undervalued compared to its fair value and its price relative to the market?

0.91x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TA2 (€0.07) is trading above our estimate of fair value (€0.06)

Significantly Below Fair Value: TA2 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TA2 is unprofitable, so we can't compare its PE Ratio to the DE Banks industry average.

PE vs Market: TA2 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TA2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TA2 is overvalued based on its PB Ratio (0.9x) compared to the DE Banks industry average (0.8x).


Next Steps

Future Growth

How is Bank Tabungan Negara (Persero) forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

51.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TA2 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: TA2 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TA2's is expected to become profitable in the next 3 years.

Revenue vs Market: TA2's revenue (14% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: TA2's revenue (14% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TA2's Return on Equity is forecast to be low in 3 years time (10%).


Next Steps

Past Performance

How has Bank Tabungan Negara (Persero) performed over the past 5 years?

-8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TA2 is currently unprofitable.

Growing Profit Margin: TA2 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TA2 is unprofitable, and losses have increased over the past 5 years at a rate of 8.8% per year.

Accelerating Growth: Unable to compare TA2's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TA2 is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (1.4%).


Return on Equity

High ROE: TA2 has a negative Return on Equity (-1.93%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bank Tabungan Negara (Persero)'s financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: TA2's Assets to Equity ratio (18.4x) is moderate.

Allowance for Bad Loans: TA2 has a low allowance for bad loans (50%).

Low Risk Liabilities: 72% of TA2's liabilities are made up of primarily low risk sources of funding.

Loan Level: TA2 has an appropriate level of Loans to Assets ratio (76%).

Low Risk Deposits: TA2's Loans to Deposits ratio (112%) is appropriate.

Level of Bad Loans: TA2 has a high level of bad loans (4.8%).


Next Steps

Dividend

What is Bank Tabungan Negara (Persero) current dividend yield, its reliability and sustainability?

1.12%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TA2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TA2's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TA2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TA2's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TA2 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TA2's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Bank Tabungan Negara (Persero) has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Rudolf Saragih
Head of Finance & Accounting Division1.25yrsno datano data
Andi Nirwoto
Director of Operations2.42yrsno data0.00066%
IDR 5.9k
Ully Hasibuan
Investor Relations Professionalno datano datano data
R. B. Witjaksono
Head of Compliance & Governance Division0.92yrno datano data
Lusiana Anjarsari
Head of Legal Division0.92yrno datano data
Yossi Istanto
Director of Human Capital2.42yrsno data0.00066%
IDR 5.9k
Elisabeth Riswanti
Director of Remedial & Wholesale Risk and Director1yrno data0.00024%
IDR 2.1k
Alex Noor
Head of Sharia Divisionno datano datano data
Joni Prasetiyanto
Head of the Sharia Divisionno datano datano data
Erwin Kusuma
Head of Retail Risk Divisionno datano datano data
Achmad Noorachman
Head of HC Organization Development & Policyno datano datano data
Hirwandi Gafar
Director of Consumer & Commercial Lending and Executive Director0.75yrno data0.00053%
IDR 4.7k

1.3yrs

Average Tenure

51yo

Average Age

Experienced Management: TA2's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Andi Nirwoto
Director of Operations2.42yrsno data0.00066%
IDR 5.9k
Yossi Istanto
Director of Human Capital2.42yrsno data0.00066%
IDR 5.9k
Elisabeth Riswanti
Director of Remedial & Wholesale Risk and Director1yrno data0.00024%
IDR 2.1k
Hirwandi Gafar
Director of Consumer & Commercial Lending and Executive Director0.75yrno data0.00053%
IDR 4.7k
Setiyo Wibowo
Director of Enterprise Risk Management0.75yrno datano data
- Jasmin
Director of Distribution & Retail Funding and Director0.75yrno datano data
Nixon Lambok Napitupulu
Director of Finance3.42yrsno data0.010%
IDR 90.3k
Ahdi Luddin
Independent Commissioner0.75yrno datano data
Pahala Mansury
President Director0.75yrno data0.0043%
IDR 38.0k
H. Muhammad Shihab
Chairman of Sharia Supervisory Board1.58yrsno datano data
Chandra Hamzah
President Commissioner0.75yrno datano data
Armand Arief
Independent Commissioner0.75yrno datano data

0.8yrs

Average Tenure

51.5yo

Average Age

Experienced Board: TA2's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PT Bank Tabungan Negara (Persero) Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Bank Tabungan Negara (Persero) Tbk
  • Ticker: TA2
  • Exchange: BST
  • Founded: 1897
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: Rp15.514t
  • Listing Market Cap: Rp888.870m
  • Shares outstanding: 10.59b
  • Website: https://www.btn.co.id

Number of Employees


Location

  • PT Bank Tabungan Negara (Persero) Tbk
  • Menara Bank BTN
  • Jalan Gajah Mada No. 1
  • Jakarta
  • Jakarta Raya
  • 10130
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBTNIDX (Indonesia Stock Exchange)YesSeries B SharesIDIDRDec 2009
TA2BST (Boerse-Stuttgart)YesSeries B SharesDEEURDec 2009

Biography

PT Bank Tabungan Negara (Persero) Tbk provides various commercial banking products and services in Indonesia. The company offers current, savings, and demand and time deposits accounts; certificates of dep ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 21:12
End of Day Share Price2020/08/12 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.