TA2 Stock Overview

Provides various banking products and services in Indonesia. More details

TA2 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	1/6
Financial Health	5/6
Dividends	5/6

Rewards

Trading at 65.8% below our estimate of its fair value

Earnings are forecast to grow 9.66% per year

Risk Analysis

Highly volatile share price over the past 3 months compared to the German market

Unstable dividend track record

Large one-off items impacting financial results

Community vs My Fair Value

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PT Bank Tabungan Negara (Persero) Tbk Competitors

ProCredit Holding

XTRA:PCZ

€642.0m

Merkur PrivatBank KgaA

XTRA:MBK

€119.0m

Commerzbank

XTRA:CBK

€28.7b

Banco do Estado do Rio Grande do Sul

BOVESPA:BRSR6

R$4.9b

Price History & Performance

Summary of share price highs, lows and changes for Bank Tabungan Negara (Persero)
Historical stock prices
Current Share Price	Rp0.053
52 Week High	Rp0.068
52 Week Low	Rp0.034
Beta	0.86
1 Month Change	49.30%
3 Month Change	12.77%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	37.66%

Recent updates

Shareholder Returns

	TA2	DE Banks	DE Market
7D	16.5%	1.6%	1.7%
1Y	n/a	24.3%	12.8%

Return vs Industry: Insufficient data to determine how TA2 performed against the German Banks industry.

Return vs Market: Insufficient data to determine how TA2 performed against the German Market.

Price Volatility

Is TA2's price volatile compared to industry and market?
TA2 volatility
TA2 Average Weekly Movement	24.6%
Banks Industry Average Movement	4.8%
Market Average Movement	6.3%
10% most volatile stocks in DE Market	13.0%
10% least volatile stocks in DE Market	3.1%

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

Volatility Over Time: Insufficient data to determine TA2's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1897	12,681	Nixon Lambok Napitupulu	www.btn.co.id

PT Bank Tabungan Negara (Persero) Tbk provides various banking products and services in Indonesia. The company offers savings, current, checking, term, demand, and deposit accounts; and consumer and commercial loans. It also provides mobile and internet banking, debit cards, SMS banking, safe deposit box, and other services.

PT Bank Tabungan Negara (Persero) Tbk Fundamentals Summary

How do Bank Tabungan Negara (Persero)'s earnings and revenue compare to its market cap?
TA2 fundamental statistics
Market cap	€879.24m
Earnings (TTM)	€164.77m
Revenue (TTM)	€770.16m

5.3x

P/E Ratio

0.5x

P/B Ratio

Is TA2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TA2 income statement (TTM)
Revenue	Rp14.26t
Cost of Revenue	Rp1.24t
Gross Profit	Rp13.03t
Other Expenses	Rp9.97t
Earnings	Rp3.05t

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	217.38
Gross Margin	91.34%
Net Profit Margin	21.39%
Debt/Equity Ratio	128.6%

How did TA2 perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

25%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/08 02:19
End of Day Share Price	2025/05/08 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

PT Bank Tabungan Negara (Persero) Tbk is covered by 32 analysts. 11 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
Thomas Quarmby	Barclays
Handy Noverdanius	CGS International
Sarina Lesmina	CLSA

Bank Tabungan Negara (Persero) DB:TA2 Stock Report