IDX:BBNI

Stock Analysis Report

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Bank Negara Indonesia (Persero)

Executive Summary

PT Bank Negara Indonesia (Persero) Tbk, together with its subsidiaries, provides various banking products and services in Indonesia, New York, Europe, and Asia. More Details


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Bank Negara Indonesia (Persero)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BBNI is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BBNI's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

11.0%

BBNI

1.6%

ID Banks

1.5%

ID Market


1 Year Return

-16.0%

BBNI

1.4%

ID Banks

-6.2%

ID Market

Return vs Industry: BBNI underperformed the ID Banks industry which returned 1.4% over the past year.

Return vs Market: BBNI underperformed the ID Market which returned -6.2% over the past year.


Shareholder returns

BBNIIndustryMarket
7 Day11.0%1.6%1.5%
30 Day32.9%15.9%10.8%
90 Day20.0%5.9%5.3%
1 Year-13.5%-16.0%5.4%1.4%-3.4%-6.2%
3 Year-15.6%-22.2%28.2%18.9%-1.1%-8.8%
5 Year45.7%27.1%101.3%74.4%32.3%16.6%

Long-Term Price Volatility Vs. Market

How volatile is Bank Negara Indonesia (Persero)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bank Negara Indonesia (Persero) undervalued compared to its fair value and its price relative to the market?

15.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BBNI (IDR6300) is trading above our estimate of fair value (IDR526.66)

Significantly Below Fair Value: BBNI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BBNI is good value based on its PE Ratio (15.2x) compared to the ID Banks industry average (22.8x).

PE vs Market: BBNI is good value based on its PE Ratio (15.2x) compared to the ID market (20.8x).


Price to Earnings Growth Ratio

PEG Ratio: BBNI is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: BBNI's PB Ratio (1.1x) is in line with the ID Banks industry average.


Next Steps

Future Growth

How is Bank Negara Indonesia (Persero) forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

61.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBNI's forecast earnings growth (61.5% per year) is above the savings rate (7.5%).

Earnings vs Market: BBNI's earnings (61.5% per year) are forecast to grow faster than the ID market (25.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BBNI's revenue (12.6% per year) is forecast to grow faster than the ID market (9.9% per year).

High Growth Revenue: BBNI's revenue (12.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BBNI's Return on Equity is forecast to be low in 3 years time (11.8%).


Next Steps

Past Performance

How has Bank Negara Indonesia (Persero) performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: BBNI's current net profit margins (23.9%) are lower than last year (37.7%).


Past Earnings Growth Analysis

Earnings Trend: BBNI's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: BBNI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BBNI had negative earnings growth (-50.3%) over the past year, making it difficult to compare to the Banks industry average (-5.6%).


Return on Equity

High ROE: BBNI's Return on Equity (6.9%) is considered low.


Next Steps

Financial Health

How is Bank Negara Indonesia (Persero)'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


Financial Institutions Analysis

Asset Level: BBNI's Assets to Equity ratio (8.1x) is low.

Allowance for Bad Loans: BBNI has a sufficient allowance for bad loans (202%).

Low Risk Liabilities: 89% of BBNI's liabilities are made up of primarily low risk sources of funding.

Loan Level: BBNI has an appropriate level of Loans to Assets ratio (61%).

Low Risk Deposits: BBNI's Loans to Deposits ratio (78%) is appropriate.

Level of Bad Loans: BBNI has a high level of bad loans (3.4%).


Next Steps

Dividend

What is Bank Negara Indonesia (Persero) current dividend yield, its reliability and sustainability?

2.10%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: BBNI is not paying a notable dividend for the ID market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BBNI's dividend in 3 years as they are not forecast to pay a notable one for the ID market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Herry Sidharta (63 yo)

0.75

Tenure

Mr. Herry Sidharta serves as President Director at PT Bank Negara Indonesia (Persero) Tbk since February 2020 at PT Bank Negara Indonesia (Persero) Tbk and has been its Director since March 17, 2015 and se...


Leadership Team

NamePositionTenureCompensationOwnership
Herry Sidharta
Vice President Director & CEO0.75yrno data0.00067%
IDR 786.3m
Anggoro Cahyo
Vice President Director & MD of Consumer Banking0.75yrno data0.0015%
IDR 1.7b
Ario Bimo
CFO, MD of Finance & Director5.67yrsno data0.000060%
IDR 70.4m
Dadang Setiabudi
MD of Information Technology & Operation and Director2.33yrsno data0.00026%
IDR 305.1m
- Prasetyo
IR Professionalno datano datano data
Endang Hidayatullah
MD of Human Capital & Compliance and Director2.33yrsno data0.00032%
IDR 375.6m
- Meiliana
Head of Corporate & Secretarial Communications Division and Corporate Secretary1.67yrsno datano data
Rosa Lima Mutiari
Member of Integrated Governance Committeeno datano datano data
Bob Ananta
MD of Treasury & International Banking and Director5.67yrsno data0.0011%
IDR 1.3b
Putrama Setyawan
MD of Corporate Banking & Director4.33yrsno data0.0014%
IDR 1.6b
Tambok Parulian Simanjuntak
MD of Micro2.33yrsno data0.00013%
IDR 152.6m
Rico Budidarmo
MD of Risk Management & Director5.58yrsno data0.00064%
IDR 751.1m

2.8yrs

Average Tenure

56yo

Average Age

Experienced Management: BBNI's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Herry Sidharta
Vice President Director & CEO0.75yrno data0.00067%
IDR 786.3m
Anggoro Cahyo
Vice President Director & MD of Consumer Banking0.75yrno data0.0015%
IDR 1.7b
Ario Bimo
CFO, MD of Finance & Director5.67yrsno data0.000060%
IDR 70.4m
Dadang Setiabudi
MD of Information Technology & Operation and Director2.33yrsno data0.00026%
IDR 305.1m
Endang Hidayatullah
MD of Human Capital & Compliance and Director2.33yrsno data0.00032%
IDR 375.6m
Bob Ananta
MD of Treasury & International Banking and Director5.67yrsno data0.0011%
IDR 1.3b
Putrama Setyawan
MD of Corporate Banking & Director4.33yrsno data0.0014%
IDR 1.6b
Tambok Parulian Simanjuntak
MD of Micro2.33yrsno data0.00013%
IDR 152.6m
Rico Budidarmo
MD of Risk Management & Director5.58yrsno data0.00064%
IDR 751.1m
Adi Sulistyowati
MD of Institutional Relation & Director5.5yrsno data0.00064%
IDR 751.1m
Sis Wijayanto
MD of Institutional Relation & Directorno datano data0.00048%
IDR 563.3m
Benny Yoslim
MD of Corporate Business & Directorno datano data0.00016%
IDR 187.8m

3.3yrs

Average Tenure

54.5yo

Average Age

Experienced Board: BBNI's board of directors are considered experienced (3.3 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 Bank Negara Indonesia (Persero) Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Bank Negara Indonesia (Persero) Tbk
  • Ticker: BBNI
  • Exchange: IDX
  • Founded: 1946
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: Rp117.363t
  • Shares outstanding: 18.63b
  • Website: https://www.bni.co.id

Number of Employees


Location

  • PT Bank Negara Indonesia (Persero) Tbk
  • Jl. Jenderal Sudirman Kav. 1
  • Jakarta
  • 10220
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKE1DB (Deutsche Boerse AG)YesLKD SHS(IDR7500 & IDR375)DEEUROct 1996
BBNIIDX (Indonesia Stock Exchange)YesLKD SHS(IDR7500 & IDR375)IDIDROct 1996
PBNN.FOTCPK (Pink Sheets LLC)YesLKD SHS(IDR7500 & IDR375)USUSDOct 1996
PTBR.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2010

Biography

PT Bank Negara Indonesia (Persero) Tbk, together with its subsidiaries, provides various banking products and services in Indonesia, New York, Europe, and Asia. The company offers current account, savings,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 10:09
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
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.