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Bank CIMB Niaga

MUN:NKX
Snowflake Description

Very undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NKX
MUN
IDR26,679B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

PT Bank CIMB Niaga Tbk provides various banking products and services to small to medium enterprises, individuals, and corporate customers in Indonesia and internationally. The last earnings update was 62 days ago. More info.


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NKX Share Price and Events
7 Day Returns
0%
MUN:NKX
4.9%
DE Banks
1.8%
DE Market
1 Year Returns
-4.2%
MUN:NKX
-22.7%
DE Banks
-6%
DE Market
NKX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank CIMB Niaga (NKX) 0% -5.5% 3% -4.2% 86.5% 3%
DE Banks 4.9% 12% 13.9% -22.7% -4.1% -18.6%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • NKX outperformed the Banks industry which returned -22.7% over the past year.
  • NKX outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
NKX
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Bank CIMB Niaga's competitors could be found in our database.

Value

 Is Bank CIMB Niaga undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bank CIMB Niaga to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank CIMB Niaga.

MUN:NKX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= IDR1,910.24 * 7.6%
IDR145.75
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. IDR1,910.24
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MUN:NKX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 25%) (86.77%))
0.986
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.986 * 5.96%)
6.1%

Discounted Cash Flow Calculation for MUN:NKX using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank CIMB Niaga is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

MUN:NKX Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.6% – 6.1%) * IDR1,910.24)
IDR29.14
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= IDR29.14 / (6.1% - 0.23%)
IDR495.87
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= IDR1,910.24 + IDR495.87
IDR2406.11
MUN:NKX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in MUN:NKX represents 6.0E-5x of IDX:BNGA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
6.0E-5x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (IDR) x Listing Adjustment Factor
= IDR 2,406.11 x 6.0E-5
€0.16
Value per share (EUR) From above. €0.16
Current discount Discount to share price of €0.07
= -1 x (€0.07 - €0.16) / €0.16
55.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bank CIMB Niaga is available for.
Intrinsic value
>50%
Share price is €0.069 vs Future cash flow value of €0.15516
Current Discount Checks
For Bank CIMB Niaga to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bank CIMB Niaga's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bank CIMB Niaga's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bank CIMB Niaga's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank CIMB Niaga's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:NKX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in IDR IDR139.67
IDX:BNGA Share Price ** IDX (2019-04-18) in IDR IDR1070
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.05x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bank CIMB Niaga.

MUN:NKX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IDX:BNGA Share Price ÷ EPS (both in IDR)

= 1070 ÷ 139.67

7.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank CIMB Niaga is good value based on earnings compared to the DE Banks industry average.
  • Bank CIMB Niaga is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bank CIMB Niaga's expected growth come at a high price?
Raw Data
MUN:NKX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
10.2%per year
Europe Banks Industry PEG Ratio Median Figure of 112 Publicly-Listed Banks Companies 0.83x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

MUN:NKX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.66x ÷ 10.2%

0.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank CIMB Niaga is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Bank CIMB Niaga's assets?
Raw Data
MUN:NKX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in IDR IDR1,587.41
IDX:BNGA Share Price * IDX (2019-04-18) in IDR IDR1070
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.91x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
MUN:NKX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IDX:BNGA Share Price ÷ Book Value per Share (both in IDR)

= 1070 ÷ 1,587.41

0.67x

* Primary Listing of Bank CIMB Niaga.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank CIMB Niaga is good value based on assets compared to the DE Banks industry average.
X
Value checks
We assess Bank CIMB Niaga's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bank CIMB Niaga has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bank CIMB Niaga expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank CIMB Niaga expected to grow at an attractive rate?
  • Bank CIMB Niaga's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bank CIMB Niaga's earnings growth is positive but not above the Germany market average.
  • Bank CIMB Niaga's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
MUN:NKX Future Growth Rates Data Sources
Data Point Source Value (per year)
MUN:NKX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 10.2%
MUN:NKX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 12.2%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.8%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MUN:NKX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in IDR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:NKX Future Estimates Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 18,952,820 4,669,000 2
2020-12-31 17,494,251 4,165,000 2
2019-12-31 16,078,641 3,637,000 2
MUN:NKX Past Financials Data
Date (Data in IDR Millions) Revenue Cash Flow Net Income *
2018-12-31 12,800,826 1,773,104 3,482,304
2018-09-30 12,717,361 2,000,658 3,370,854
2018-06-30 12,371,594 -760,003 3,363,647
2018-03-31 12,120,388 1,589,569 3,208,510
2017-12-31 11,677,073 9,056,376 2,976,199
2017-09-30 11,293,937 372,042 2,979,890
2017-06-30 11,083,151 4,198,252 2,725,815
2017-03-31 10,729,202 1,450,465 2,452,556
2016-12-31 10,219,285 2,350,212 2,081,687
2016-09-30 9,542,927 10,691,317 1,461,412
2016-06-30 9,172,634 8,494,954 987,597
2016-03-31 8,643,189 6,637,913 613,790

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank CIMB Niaga's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • Bank CIMB Niaga's revenue is expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MUN:NKX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Bank CIMB Niaga Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:NKX Future Estimates Data
Date (Data in IDR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 187.30 187.30 187.30 1.00
2020-12-31 167.10 167.10 167.10 1.00
2019-12-31 145.90 145.90 145.90 1.00
MUN:NKX Past Financials Data
Date (Data in IDR Millions) EPS *
2018-12-31 139.67
2018-09-30 135.05
2018-06-30 134.49
2018-03-31 128.02
2017-12-31 118.50
2017-09-30 118.57
2017-06-30 108.46
2017-03-31 97.59
2016-12-31 82.83
2016-09-30 58.15
2016-06-30 39.30
2016-03-31 24.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bank CIMB Niaga is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bank CIMB Niaga's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bank CIMB Niaga has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bank CIMB Niaga performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bank CIMB Niaga's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bank CIMB Niaga's year on year earnings growth rate has been positive over the past 5 years.
  • Bank CIMB Niaga's 1-year earnings growth exceeds its 5-year average (17% vs 1.7%)
  • Bank CIMB Niaga's earnings growth has exceeded the DE Banks industry average in the past year (17% vs 5.5%).
Earnings and Revenue History
Bank CIMB Niaga's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bank CIMB Niaga Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:NKX Past Revenue, Cash Flow and Net Income Data
Date (Data in IDR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12,800,826.00 3,482,304.00 7,710,291.00
2018-09-30 12,717,361.00 3,370,854.00 7,420,110.00
2018-06-30 12,371,594.00 3,363,647.00 7,307,453.00
2018-03-31 12,120,388.00 3,208,510.00 7,410,026.00
2017-12-31 11,677,073.00 2,976,199.00 7,391,480.00
2017-09-30 11,293,937.00 2,979,890.00 7,465,453.00
2017-06-30 11,083,151.00 2,725,815.00 7,503,420.00
2017-03-31 10,729,202.00 2,452,556.00 7,482,965.00
2016-12-31 10,219,285.00 2,081,687.00 7,406,454.00
2016-09-30 9,542,927.00 1,461,412.00 6,832,625.00
2016-06-30 9,172,634.00 987,597.00 7,124,646.00
2016-03-31 8,643,189.00 613,790.00 7,101,838.00
2015-12-31 8,378,543.00 427,831.00 7,105,702.00
2015-09-30 8,017,819.00 311,681.00 7,499,989.00
2015-06-30 7,900,115.00 566,151.00 7,030,779.00
2015-03-31 8,799,911.00 1,326,706.00 6,922,171.00
2014-12-31 10,031,341.00 2,342,431.00 6,792,239.00
2014-09-30 11,420,843.00 3,366,629.00 6,725,224.00
2014-06-30 12,371,706.00 4,101,369.00 6,691,251.00
2014-03-31 12,555,591.00 4,326,913.00 6,553,270.00
2013-12-31 12,361,505.00 4,282,417.00 6,392,530.00
2013-09-30 12,230,748.00 4,343,270.00 6,228,069.00
2013-06-30 12,108,202.00 4,383,106.00 6,059,752.00
2013-03-31 11,988,618.00 4,350,554.00 5,978,595.00
2012-12-31 11,797,505.00 4,233,111.00 5,917,453.00
2012-09-30 11,222,143.00 3,897,292.00 5,815,680.00
2012-06-30 10,648,694.00 3,611,672.00 5,597,323.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bank CIMB Niaga has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bank CIMB Niaga used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Bank CIMB Niaga improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bank CIMB Niaga's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bank CIMB Niaga has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bank CIMB Niaga's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bank CIMB Niaga's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bank CIMB Niaga Company Filings, last reported 3 months ago.

MUN:NKX Past Debt and Equity Data
Date (Data in IDR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 39,580,579.00 23,148,259.00 20,592,414.00
2018-09-30 38,478,716.00 13,100,418.00 16,821,939.00
2018-06-30 37,627,612.00 18,989,382.00 15,981,813.00
2018-03-31 37,692,329.00 13,793,905.00 15,438,259.00
2017-12-31 36,950,996.00 25,904,634.00 26,540,501.00
2017-09-30 36,586,922.00 14,162,600.00 25,074,217.00
2017-06-30 35,724,254.00 17,274,704.00 15,381,217.00
2017-03-31 34,968,199.00 13,476,911.00 14,448,957.00
2016-12-31 34,207,622.00 13,580,894.00 14,047,695.00
2016-09-30 33,552,010.00 13,146,965.00 16,332,160.00
2016-06-30 32,859,373.00 14,452,308.00 18,131,735.00
2016-03-31 32,447,619.00 14,743,029.00 15,030,677.00
2015-12-31 28,679,387.00 19,318,196.00 18,847,308.00
2015-09-30 28,240,066.00 18,190,789.00 20,118,079.00
2015-06-30 28,530,696.00 18,724,950.00 20,070,597.00
2015-03-31 28,635,408.00 19,399,230.00 20,252,490.00
2014-12-31 28,447,694.00 18,220,323.00 14,644,766.00
2014-09-30 28,264,261.00 17,975,376.00 17,763,958.00
2014-06-30 27,867,170.00 17,803,435.00 17,138,363.00
2014-03-31 27,055,714.00 17,311,585.00 14,110,755.00
2013-12-31 25,886,687.00 18,447,683.00 22,183,633.00
2013-09-30 24,856,516.00 17,590,786.00 21,822,439.00
2013-06-30 24,136,186.00 14,962,429.00 17,088,472.00
2013-03-31 23,516,222.00 13,835,941.00 36,601,725.00
2012-12-31 22,651,912.00 13,499,016.00 20,393,243.00
2012-09-30 21,370,435.00 10,343,356.00 20,678,340.00
2012-06-30 20,188,472.00 10,660,485.00 12,171,481.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bank CIMB Niaga has an acceptable proportion of non-loan assets held.
  • Bank CIMB Niaga's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bank CIMB Niaga are broadly funded by customer deposits.
  • Bank CIMB Niaga's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Bank CIMB Niaga has a sufficient allowance for bad loans.
  • Bank CIMB Niaga has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Bank CIMB Niaga's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bank CIMB Niaga has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bank CIMB Niaga's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bank CIMB Niaga dividends. Estimated to be 0% next year.
If you bought €2,000 of Bank CIMB Niaga shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bank CIMB Niaga's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bank CIMB Niaga's dividend against the top 25% market benchmark as the company has not reported any payouts.
Upcoming dividend payment

Purchase Bank CIMB Niaga before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MUN:NKX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MUN:NKX Future Dividends Estimate Data
Date (Data in IDR) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00
MUN:NKX Past Annualized Dividends Data
Date (Data in IDR) Dividend per share (annual) Avg. Yield (%)
2014-02-18 0.000 0.000
2013-10-29 0.000 0.000
2013-07-30 0.000 0.000
2013-07-29 0.000 0.000
2013-04-29 0.000 0.000
2013-04-11 0.000 0.000
2013-02-14 0.000 0.000
2012-07-26 7.950 0.685
2012-02-22 7.950 0.674
2011-10-25 7.950 0.638
2011-10-24 7.950 0.626
2011-08-08 7.950 0.626

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bank CIMB Niaga has not reported any payouts.
  • Unable to verify if Bank CIMB Niaga's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bank CIMB Niaga's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bank CIMB Niaga has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Bank CIMB Niaga's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Bank CIMB Niaga's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bank CIMB Niaga afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank CIMB Niaga has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bank CIMB Niaga's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tigor Siahaan
AGE 46
TENURE AS CEO 3.8 years
CEO Bio

Mr. Tigor Marsahala Siahaan serves as Chief Executive Officer of Indonesia at CIMB Bank Berhad, Singapore Branch. Mr. Siahaan has been Country Head of Indonesia and President Director of CIMB Niaga at CIMB Group Holdings Berhad since March 11, 2016. He has been Chief Executive Officer of CIMB Niaga since April 22, 2016. Prior to joining CIMB Niaga, Mr. Siahaan spent 20 years in Citi, starting as a Management Associate in 1995. He served as Managing Director for Citi Indonesia and Chief Country Officer for Citi Indonesia at Citi Global Transaction Services. He served as Chief Country Officer for Indonesia at Citigroup Inc. since June 30, 2011., who was the first Indonesian to be appointed to the post. Previously, he held several key positions in Citi Indonesia, including Country Head for Institutional Clients Group, Head of Corporate and Investment Banking and Country Risk Manager. In addition, he had also served as Vice President in Institutional Remedial Management Group in Citi Head Office in New York from 2000 to 2003. Mr. Siahaan has been President Director and Director at PT Bank CIMB Niaga Tbk since June 1, 2015. He holds several positions such as: a Supervisory Board Member of ASPI (Association of Payment Systems of Indonesia) since 2013; Member of the Board of Trustees of JIS (Jakarta International School) since 2014 and National Board Member of PJI (Prestasi Junior Indonesia) since 2013; Mentor in Endeavor Indonesia since 2012; Member of YPO (Young President Organization) Indonesia since 2008; and Chairman - Indonesia Malaysia Bilateral Committee in Indonesian Chamber of Commerce and Industry (KADIN) since 2016. He was awarded as ASEAN Rising Star from the US – ASEAN Business Council in 2010 and Asian Promising Young Banker from The Asian Banker in 2011. He graduated from the University of Virginia, Charlottesville, United States, with a double major in Finance and Accounting. He is also an alumnus of the IMD BPSE program (Breakthrough Program for Senior Executives) in Lausanne, Switzerland.

CEO Compensation
  • Insufficient data for Tigor to compare compensation growth.
  • Insufficient data for Tigor to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Bank CIMB Niaga management team in years:

3
Average Tenure
52
Average Age
  • The tenure for the Bank CIMB Niaga management team is about average.
Management Team

Tigor Siahaan

TITLE
President Director & CEO
AGE
46
TENURE
3.8 yrs

Lee Kwong

TITLE
CFO, Head of Finance & Strategic Procurement and Admin Property Management and Director
AGE
51
TENURE
0.3 yrs

Rita Mas’Oen

TITLE
Director of Operations & Information Technology and Director
AGE
56
TENURE
7.1 yrs

Mulyawan Gani

TITLE
Head of Strategy & Investor Relations
AGE
40

Fransiska Oei

TITLE
Director of Compliance
AGE
60
TENURE
2.8 yrs

Surya Sulistijo

TITLE
Head of Legal & General Counsel
AGE
52
TENURE
2.9 yrs

Toni Darusman

TITLE
Head of Marketing
AGE
42

Hedy Maria Lapian

TITLE
Director of Human Resources & Director
AGE
59
TENURE
3 yrs

Pandji Djajanegara

TITLE
Director of Sharia Banking & Director
AGE
52

Megawati Sutanto

TITLE
Credit Director & Director
AGE
55
Board of Directors Tenure

Average tenure and age of the Bank CIMB Niaga board of directors in years:

2.8
Average Tenure
53.5
Average Age
  • The average tenure for the Bank CIMB Niaga board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tigor Siahaan

TITLE
President Director & CEO
AGE
46
TENURE
3.8 yrs

Lee Kwong

TITLE
CFO, Head of Finance & Strategic Procurement and Admin Property Management and Director
AGE
51
TENURE
0.3 yrs

Rita Mas’Oen

TITLE
Director of Operations & Information Technology and Director
AGE
56
TENURE
9.4 yrs

Fransiska Oei

TITLE
Director of Compliance
AGE
60
TENURE
2.8 yrs

Hedy Maria Lapian

TITLE
Director of Human Resources & Director
AGE
59
TENURE
2.7 yrs

Pandji Djajanegara

TITLE
Director of Sharia Banking & Director
AGE
52
TENURE
2.6 yrs

Megawati Sutanto

TITLE
Credit Director & Director
AGE
55
TENURE
8.1 yrs

Vera Handajani

TITLE
Risk Management Director & Director
AGE
46
TENURE
5.4 yrs

Lani Darmawan

TITLE
Director of Consumer Banking & Director
AGE
56
TENURE
2.8 yrs

Rahardja Alimhamzah

TITLE
Director of Business Baking & Director
AGE
52
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bank CIMB Niaga's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bank CIMB Niaga has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PT Bank CIMB Niaga Tbk provides various banking products and services to small to medium enterprises, individuals, and corporate customers in Indonesia and internationally. The company operates through Corporate, Business, Retail, Treasury, and Sharia segments. It offers consumer banking services, such as savings accounts, current accounts, and fixed deposits; loans, including mortgage, auto financing, and personal financing; general and life bancassurance products; wealth management services; remittance products; and credit and debit cards. The company also provides business banking products and services comprising current accounts, time deposits, and deposits on call; working capital financing services and investment loans; treasury and capital market products, including foreign exchange transactions, bonds, and hedging products, as well as online services; transaction banking services comprising cash management and trade finance service, as well as distributor, supplier, and retailer financing; and general and group bancassurance products. As of December 31, 2018, it operated through supporting branches, payment points, and Sharia branches and offices in 28 provinces in Indonesia. The company was formerly known as PT Bank Niaga Tbk and changed its name to PT Bank CIMB Niaga Tbk in May 2008. The company was founded in 1955 and is headquartered in Jakarta, Indonesia. PT Bank CIMB Niaga Tbk is a subsidiary of CIMB Group Sdn Bhd.

Details
Name: PT Bank CIMB Niaga Tbk
NKX
Exchange: MUN
Founded: 1955
IDR1,678,308,954
24,933,388,455
Website: http://www.cimbniaga.com
Address: PT Bank CIMB Niaga Tbk
Jl. Jend. Sudirman Kav. 58,
Jakarta,
12190,
Indonesia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IDX BNGA LINKED SHARES ('A' IDR5000 & 'B' IDR50) Indonesia Stock Exchange ID IDR 12. Sep 1990
MUN NKX LINKED SHARES ('A' IDR5000 & 'B' IDR50) Boerse Muenchen DE EUR 12. Sep 1990
Number of employees
Current staff
Staff numbers
12,461
Bank CIMB Niaga employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:26
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.