DB:QF8

Stock Analysis Report

Executive Summary

Pt Mandala Multifinance Tbk engages in consumer financing activities in Indonesia.

Rewards

Trading at 21.3% below its fair value

Earnings grew by 17.3% over the past year

Risk Analysis

High level of non-cash earnings

Unstable dividend track record

Highly volatile share price over past 3 months



Snowflake Analysis

Good value with proven track record and pays a dividend.

Share Price & News

How has Mandala Multifinance's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QF8's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

33.0%

QF8

0.1%

DE Consumer Finance

0.1%

DE Market


1 Year Return

44.3%

QF8

-11.4%

DE Consumer Finance

14.1%

DE Market

Return vs Industry: QF8 exceeded the German Consumer Finance industry which returned -11.5% over the past year.

Return vs Market: QF8 exceeded the German Market which returned 15.1% over the past year.


Shareholder returns

QF8IndustryMarket
7 Day33.0%0.1%0.1%
30 Day3.4%-0.4%0.2%
90 Day13.3%9.3%3.3%
1 Year52.3%44.3%-7.8%-11.4%17.6%14.1%
3 Year185.3%115.5%-23.7%-38.7%14.8%4.8%
5 Year270.5%163.8%-11.2%-36.3%22.2%5.4%

Price Volatility Vs. Market

How volatile is Mandala Multifinance's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mandala Multifinance undervalued compared to its fair value and its price relative to the market?

21.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QF8 (€0.08) is trading below our estimate of fair value (€0.1)

Significantly Below Fair Value: QF8 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: QF8 is good value based on its PE Ratio (8.7x) compared to the Consumer Finance industry average (12x).

PE vs Market: QF8 is good value based on its PE Ratio (8.7x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate QF8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: QF8 is overvalued based on its PB Ratio (1.5x) compared to the XE Consumer Finance industry average (1.3x).


Next Steps

Future Growth

How is Mandala Multifinance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.0%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mandala Multifinance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mandala Multifinance performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QF8 has a high level of non-cash earnings.

Growing Profit Margin: QF8's current net profit margins (28.7%) are higher than last year (27.7%).


Past Earnings Growth Analysis

Earnings Trend: QF8's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: QF8's earnings growth over the past year (17.3%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: QF8 earnings growth over the past year (17.3%) exceeded the Consumer Finance industry 11%.


Return on Equity

High ROE: QF8's Return on Equity (17.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mandala Multifinance'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: QF8 has a low level of unsold assets or inventory.

Debt Coverage by Assets: QF8's debt is covered by short term assets (assets are 2.2x debt).


Financial Institutions Analysis

Asset Level: QF8's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if QF8 has a sufficient allowance for bad loans.

Low Risk Liabilities: QF8 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if QF8 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: QF8 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if QF8 has an appropriate level of bad loans.


Next Steps

Dividend

What is Mandala Multifinance's current dividend yield, its reliability and sustainability?

3.91%

Current Dividend Yield


Dividend Yield vs Market

company3.9%marketbottom25%1.3%markettop25%3.6%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: QF8's dividend (3.91%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: QF8's dividend (3.91%) is in the top 25% of dividend payers in the German market (3.59%)


Stability and Growth of Payments

Stable Dividend: QF8's dividend payments have been volatile in the past 10 years.

Growing Dividend: QF8's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.9%), QF8's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Harryjanto Lasmana (60yo)

23.1yrs

Tenure

0

Mr. Harryjanto Lasmana has been the President Director at Pt Mandala Multifinance Tbk since 1997 and served as its HR & GA Director until 2017. Mr. Lasmana served as General Manager Of Marketing at Pt Mand ...


Leadership Team

NamePositionTenureCompensationOwnership
Harryjanto Lasmana
President Director23.1yrsno datano data
Rachmat Nugroho
Financial Director2.1yrsno datano data
Bonie Erwanto
Operational Director2.1yrsno datano data
Djoemingin Budiono
Marketing Director & Director0yrsno datano data
Darman Haslim
HR & GA Director and Director0yrsno datano data
Sandi Lesmana
Sharia Unit Head0yrsno datano data
- Usman
Head of Internal Audit Unit4.3yrsno datano data
- Mahrus
Corporate Secretary13.1yrsno datano data

3.7yrs

Average Tenure

49yo

Average Age

Experienced Management: QF8's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Harryjanto Lasmana
President Director23.1yrsno datano data
Djoemingin Budiono
Marketing Director & Director0yrsno datano data
Darman Haslim
HR & GA Director and Director0yrsno datano data
Sandi Lesmana
Sharia Unit Head0yrsno datano data
Alex Hendrawan
President Commissioner15.1yrsno data5.06% IDR11.6m
Deddy Heruwanto
Independent Commissioner15.1yrsno datano data
Saptono Satryo
Chairman of Sharia Supervisory Board0yrsno datano data

15.1yrs

Average Tenure

60yo

Average Age

Experienced Board: QF8's board of directors are seasoned and experienced ( 15.1 years average tenure).


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 Mandala Multifinance Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pt Mandala Multifinance Tbk
  • Ticker: QF8
  • Exchange: DB
  • Founded: 1983
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: Rp3.392t
  • Listing Market Cap: Rp228.506m
  • Shares outstanding: 2.65b
  • Website: https://mandalafinance.com

Number of Employees


Location

  • Pt Mandala Multifinance Tbk
  • Jalan Menteng Raya No. 24 A-B
  • Central Jakarta
  • Jakarta Raya
  • 10340
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MFINIDX (Indonesia Stock Exchange)YesShare CapitalIDIDRSep 2005
QF8DB (Deutsche Boerse AG)YesShare CapitalDEEURSep 2005

Biography

Pt Mandala Multifinance Tbk engages in consumer financing activities in Indonesia. It offers motorcycle financing services based on conventional and syariah financing. The company was formerly known as PT Gracia Dinamika Multifinance and changed its name to PT Mandala Multifinance Tbk in March 1997. The company was founded in 1983 and is based in Central Jakarta, Indonesia. PT Mandala Multifinance Tbk is a subsidiary of PT Jayamandiri Gemasejati. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 21:21
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.