How does PQ90's PE Ratio compare to its peers?

PQ90 is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (7.9x).

How does PQ90's PE Ratio compare vs other companies in the European Banks Industry?

PQ90 is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the European Banks industry average (7.8x).

What is PQ90's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PQ90 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (12.2x).

What is the Fair Price of PQ90 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PQ90 (€12.5) is trading below our estimate of [[fair value]] (€21.11)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

PQ90 Stock Overview

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and the Cayman Islands. More details

PQ90 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	5/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 40.8% below our estimate of its fair value

Earnings are forecast to grow 8.26% per year

Earnings grew by 17% over the past year

Risk Analysis

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

PT Bank Mandiri (Persero) Tbk Competitors

Commerzbank

XTRA:CBK

€19.3b

ProCredit Holding

XTRA:PCZ

€455.9m

Merkur PrivatBank KgaA

XTRA:MBK

€116.7m

BOC Hong Kong (Holdings)

SEHK:2388

HK$260.1b

Price History & Performance

Summary of share price highs, lows and changes for Bank Mandiri (Persero)
Historical stock prices
Current Share Price	Rp12.50
52 Week High	Rp17.80
52 Week Low	Rp12.10
Beta	0.57
1 Month Change	-11.97%
3 Month Change	-18.30%
1 Year Change	-12.59%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	30.21%

Recent updates

Shareholder Returns

	PQ90	DE Banks	DE Market
7D	-0.8%	1.4%	2.0%
1Y	-12.6%	20.7%	9.6%

Return vs Industry: PQ90 underperformed the German Banks industry which returned 20.7% over the past year.

Return vs Market: PQ90 underperformed the German Market which returned 9.6% over the past year.

Price Volatility

Is PQ90's price volatile compared to industry and market?
PQ90 volatility
PQ90 Average Weekly Movement	5.3%
Banks Industry Average Movement	3.1%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.7%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: PQ90 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: PQ90's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1998	38,342	Darmawan Junaidi	bankmandiri.co.id

PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and the Cayman Islands. The company operates through Wholesale and Retail segments. It offers savings and current accounts, time deposits, demand deposits, and foreign currency savings and current accounts; motorcycle loans, mortgage loan, and housing loans, as well as loans for various purposes, such as education, home renovation, marriage, health, and other needs for individuals; and working capital loans, investment loans, people’s business loans, syndicated loans, and micro business loans for businesses.

PT Bank Mandiri (Persero) Tbk Fundamentals Summary

How do Bank Mandiri (Persero)'s earnings and revenue compare to its market cap?
PQ90 fundamental statistics
Market cap	€32.13b
Earnings (TTM)	€3.47b
Revenue (TTM)	€8.00b

9.3x

P/E Ratio

2.0x

P/B Ratio

Is PQ90 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PQ90 income statement (TTM)
Revenue	Rp133.70t
Cost of Revenue	Rp1.90t
Gross Profit	Rp131.81t
Other Expenses	Rp73.79t
Earnings	Rp58.01t

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	621.58
Gross Margin	98.58%
Net Profit Margin	43.39%
Debt/Equity Ratio	76.4%

How did PQ90 perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

57%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/08 00:54
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PT Bank Mandiri (Persero) Tbk is covered by 42 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anish Tawakley	Barclays
Wannapa Asavatevavith	BNP Paribas Securities (Asia)
Anand Swaminathan	BofA Global Research

Bank Mandiri (Persero) DB:PQ90 Stock Report