DB:P7T

Stock Analysis Report

Bank Pembangunan Daerah Jawa Timur

Executive Summary

PT Bank Pembangunan Daerah Jawa Timur Tbk provides various banking products and services in Indonesia.

Rewards

Trading at 58.6% below its fair value

Earnings are forecast to grow 6.01% per year

Earnings grew by 9.2% over the past year

Risk Analysis

No risks detected for P7T from our risk checks.


Snowflake Analysis

Good value with proven track record.

Share Price & News

How has Bank Pembangunan Daerah Jawa Timur's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: P7T has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.4%

P7T

-0.3%

DE Banks

-0.9%

DE Market


1 Year Return

-3.4%

P7T

0.9%

DE Banks

12.8%

DE Market

Return vs Industry: P7T underperformed the German Banks industry which returned 0.9% over the past year.

Return vs Market: P7T underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

P7TIndustryMarket
7 Day2.4%-0.3%-0.9%
30 Day2.4%17.1%-0.4%
90 Day0%19.3%2.3%
1 Year3.8%-3.4%4.2%0.9%16.3%12.8%
3 Year51.6%32.8%-2.5%-7.4%15.8%5.7%
5 Year113.9%37.1%-3.9%-27.8%19.7%3.3%

Price Volatility Vs. Market

How volatile is Bank Pembangunan Daerah Jawa Timur's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bank Pembangunan Daerah Jawa Timur undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: P7T (€0.04) is trading below our estimate of fair value (€0.1)

Significantly Below Fair Value: P7T is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: P7T is good value based on its PE Ratio (7x) compared to the Banks industry average (17.7x).

PE vs Market: P7T is good value based on its PE Ratio (7x) compared to the German market (21x).


Price to Earnings Growth Ratio

PEG Ratio: P7T is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: P7T is overvalued based on its PB Ratio (1x) compared to the DE Banks industry average (0.9x).


Next Steps

Future Growth

How is Bank Pembangunan Daerah Jawa Timur forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

6.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: P7T's forecast earnings growth (6% per year) is above the savings rate (-0.4%).

Earnings vs Market: P7T's earnings (6% per year) are forecast to grow slower than the German market (13% per year).

High Growth Earnings: P7T's earnings are forecast to grow, but not significantly.

Revenue vs Market: P7T's revenue (13.8% per year) is forecast to grow faster than the German market (5.2% per year).

High Growth Revenue: P7T's revenue (13.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: P7T's Return on Equity is forecast to be low in 3 years time (16%).


Next Steps

Past Performance

How has Bank Pembangunan Daerah Jawa Timur performed over the past 5 years?

9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: P7T has high quality earnings.

Growing Profit Margin: P7T's current net profit margins (33.5%) are higher than last year (31.8%).


Past Earnings Growth Analysis

Earnings Trend: P7T's earnings have grown by 9.4% per year over the past 5 years.

Accelerating Growth: P7T's earnings growth over the past year (9.2%) is below its 5-year average (9.4% per year).

Earnings vs Industry: P7T earnings growth over the past year (9.2%) exceeded the Banks industry -7%.


Return on Equity

High ROE: P7T's Return on Equity (15%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bank Pembangunan Daerah Jawa Timur'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

Inventory Level: P7T has a low level of unsold assets or inventory.

Debt Coverage by Assets: P7T's debt is covered by short term assets (assets are 5.5x debt).


Financial Institutions Analysis

Asset Level: P7T's level of assets compared to its equity is low.

Allowance for Bad Loans: P7T has a low allowance for bad loans.

Low Risk Liabilities: P7T's liabilities are made up of primarily low risk sources of funding.

Loan Level: P7T has an acceptable proportion of non-loan assets held.

Low Risk Deposits: P7T's loans are broadly funded by customer deposits.

Level of Bad Loans: P7T has a high level of bad loans (2.77%)


Next Steps

Dividend

What is Bank Pembangunan Daerah Jawa Timur's current dividend yield, its reliability and sustainability?

7.83%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage2.7%forecastin3Years7.8%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate P7T's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate P7T's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if P7T's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if P7T's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: P7T is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of P7T'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?

2.7yrs

Average management tenure


CEO

Hadi Santoso (58yo)

0

Mr. Hadi Santoso serves as President Director at PT Bank Pembangunan Daerah Jawa Timur Tbk. He served as Director of Compliance and Human Capital and Director at PT Bank Pembangunan Daerah Jawa Timur Tbk s ...


Leadership Team

NamePositionTenureCompensationOwnership
Hadi Santoso
President Director0yrsno datano data
Ferdian Satyagraha
Finance Director & Director0yrsno data0.032% IDR202.2k
Tonny Prasetyo
Information Technology & Operation Director and Director0yrsno datano data
- Affandi
Head of Legal Division0yrsno datano data
Elfaurid Aguswantoro
Head of Compliance & Governance Division and Director0yrsno data0.0023% IDR14.7k
Nur Ardian
Head of Human Capital Division2.1yrsno datano data
Purboyo Sinugroho
Head of Sharia Business Support Division4.7yrsno datano data
Lulu Hadhianto
Chairman of Sharia Spin Off Team4.3yrsno datano data
Rizyana Mirda
Business Risk Director & Director2.1yrsno data0.0074% IDR46.7k
- Suhariyono
Head of Fund Services & E-Banking Division5.2yrsno datano data

2.7yrs

Average Tenure

54.5yo

Average Age

Experienced Management: P7T's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hadi Santoso
President Director0yrsno datano data
Ferdian Satyagraha
Finance Director & Director0yrsno data0.032% IDR202.2k
Tonny Prasetyo
Information Technology & Operation Director and Director0yrsno datano data
Elfaurid Aguswantoro
Head of Compliance & Governance Division and Director0yrsno data0.0023% IDR14.7k
Rizyana Mirda
Business Risk Director & Director2.1yrsno data0.0074% IDR46.7k
Busrul Iman
Corporation & Commercial Director and Director0yrsno datano data
H. Moh. Aziz
Chairman of Sharia Supervisory Board7.9yrsno datano data
Akhmad Sukardi
President Commissioner0yrsno data0.0056% IDR35.5k
Guritno Putra
Advisor to the Board of Directors2.1yrsno datano data
Rudi Purwono
Independent Commissioner3.7yrsno datano data

2.9yrs

Average Tenure

53.5yo

Average Age

Experienced Board: P7T's board of directors are not considered experienced ( 2.9 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 Pembangunan Daerah Jawa Timur Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Bank Pembangunan Daerah Jawa Timur Tbk
  • Ticker: P7T
  • Exchange: DB
  • Founded: 1961
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: Rp9.507t
  • Listing Market Cap: Rp633.024m
  • Shares outstanding: 14.85b
  • Website: https://www.bankjatim.co.id

Number of Employees


Location

  • PT Bank Pembangunan Daerah Jawa Timur Tbk
  • Jalan Basuki Rachmat No 98 - 104
  • Surabaya
  • Jawa Timur
  • 60271
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BJTMIDX (Indonesia Stock Exchange)YesSeries A SharesIDIDRJul 2012
P7TDB (Deutsche Boerse AG)YesSeries A SharesDEEURJul 2012

Biography

PT Bank Pembangunan Daerah Jawa Timur Tbk provides various banking products and services in Indonesia. The company offers savings and current accounts, and fixed and time deposits; personal and productivity loans; and property construction loans, bank guarantees, checking accounts, investment loans, credit modal Kerja, syndicated loans, financing receivables loans, cash collateral credit, local government loans, and Bureau of Public Service Area loans. It also provides common foreign exchange, hedging forward contract, hedging swap, bank note, deposit on call, and documentation services. In addition, the company offers Sharia savings, deposit, and financing products; merchant relationship program; automated teller machines (ATM), Internet and mobile banking services; SMS banking services; virtual accounts; electronic government staff, debit cards, and prepaid cards; and foreign exchange transaction and remittance services. Further, it provides letters of credit; import tax and letter of credit undocumented affair services; bank guarantee forex services; safe deposit boxes; and money transfer and other banking services. As of December 31, 2018, the company operated 41 branches, 7 Sharia branches, 160 conventional sub branches, 9 Sharia sub-branches, 207 cash offices, 203 payment points, 8 Sharia payment points, 191 Sharia service offices, 735 ATMs, 22 Sharia ATMs, 2 automated deposit machines, 92 cash conventional ATM vehicles, and 6 cash Sharia ATM vehicles. PT Bank Pembangunan Daerah Jawa Timur Tbk was founded in 1961 and is headquartered in Surabaya, Indonesia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 22:49
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
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.