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BTPS

Bank BTPN Syariah IDX:BTPS Stock Report

Last Price

Rp2.66k

Market Cap

Rp20.5t

7D

-9.8%

1Y

-4.0%

Updated

03 Jul, 2022

Data

Company Financials +
BTPS fundamental analysis
Snowflake Score
Valuation6/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends3/6

BTPS Stock Overview

PT Bank BTPN Syariah Tbk provides various banking products and services in Indonesia.

Bank BTPN Syariah Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bank BTPN Syariah
Historical stock prices
Current Share PriceRp2,660.00
52 Week HighRp4,100.00
52 Week LowRp2,220.00
Beta1.08
1 Month Change-14.19%
3 Month Change-18.15%
1 Year Change-3.97%
3 Year Change-19.15%
5 Year Changen/a
Change since IPO82.19%

Recent News & Updates

Shareholder Returns

BTPSID BanksID Market
7D-9.8%-4.5%-3.1%
1Y-4.0%3.6%9.9%

Return vs Industry: BTPS underperformed the ID Banks industry which returned 3.6% over the past year.

Return vs Market: BTPS underperformed the ID Market which returned 9.9% over the past year.

Price Volatility

Is BTPS's price volatile compared to industry and market?
BTPS volatility
BTPS Average Weekly Movement5.7%
Banks Industry Average Movement4.9%
Market Average Movement6.2%
10% most volatile stocks in ID Market12.0%
10% least volatile stocks in ID Market3.1%

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

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

About the Company

FoundedEmployeesCEOWebsite
199112,393Hadi Wibowohttps://www.btpnsyariah.com

PT Bank BTPN Syariah Tbk provides various banking products and services in Indonesia. It offers funding, financing, bills payment, air-time purchase, fund transfer, cash deposit, and cash withdrawal services. The company also provides mobile banking, savings, and ATM services.

Bank BTPN Syariah Fundamentals Summary

How do Bank BTPN Syariah's earnings and revenue compare to its market cap?
BTPS fundamental statistics
Market CapRp20.49t
Earnings (TTM)Rp1.50t
Revenue (TTM)Rp3.68t

13.7x

P/E Ratio

2.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BTPS income statement (TTM)
RevenueRp3.68t
Cost of RevenueRp0
Gross ProfitRp3.68t
Other ExpensesRp2.18t
EarningsRp1.50t

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)194.86
Gross Margin100.00%
Net Profit Margin40.81%
Debt/Equity Ratio1.3%

How did BTPS perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

32%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BTPS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BTPS?

Other financial metrics that can be useful for relative valuation.

BTPS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

BTPS PE Ratio vs Peers
The above table shows the PE ratio for BTPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average41.7x
BBTN Bank Tabungan Negara (Persero)
6x15.5%Rp15.0t
BSIM Bank Sinarmas
65.3xn/aRp11.2t
SDRA Bank Woori Saudara Indonesia 1906
7xn/aRp4.8t
BNBA Bank Bumi Arta
88.6xn/aRp4.2t
BTPS Bank BTPN Syariah
13.7x22.6%Rp20.5t

Price-To-Earnings vs Peers: BTPS is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (41.7x).


Price to Earnings Ratio vs Industry

How does BTPS's PE Ratio compare vs other companies in the ID Banks Industry?

Price-To-Earnings vs Industry: BTPS is good value based on its Price-To-Earnings Ratio (13.7x) compared to the ID Banks industry average (18.9x)


Price to Earnings Ratio vs Fair Ratio

What is BTPS'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.

BTPS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: BTPS is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).


Share Price vs Fair Value

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

Below Fair Value: BTPS (IDR2660) is trading below our estimate of fair value (IDR4811.64)

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


Price to Earnings Growth Ratio

PEG Ratio: BTPS is good value based on its PEG Ratio (0.6x)


Discover undervalued companies

Future Growth

How is Bank BTPN Syariah forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BTPS's forecast earnings growth (22.6% per year) is above the savings rate (7%).

Earnings vs Market: BTPS's earnings (22.6% per year) are forecast to grow faster than the ID market (11.7% per year).

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

Revenue vs Market: BTPS's revenue (15.5% per year) is forecast to grow faster than the ID market (11.9% per year).

High Growth Revenue: BTPS's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BTPS's Return on Equity is forecast to be high in 3 years time (25%)


Discover growth companies

Past Performance

How has Bank BTPN Syariah performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BTPS has high quality earnings.

Growing Profit Margin: BTPS's current net profit margins (40.8%) are higher than last year (31.1%).


Past Earnings Growth Analysis

Earnings Trend: BTPS's earnings have grown by 16.1% per year over the past 5 years.

Accelerating Growth: BTPS's earnings growth over the past year (81.4%) exceeds its 5-year average (16.1% per year).

Earnings vs Industry: BTPS earnings growth over the past year (81.4%) exceeded the Banks industry 42.7%.


Return on Equity

High ROE: BTPS's Return on Equity (20%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BTPS's Assets to Equity ratio (2.6x) is low.

Allowance for Bad Loans: BTPS has a sufficient allowance for bad loans (265%).

Low Risk Liabilities: 95% of BTPS's liabilities are made up of primarily low risk sources of funding.

Loan Level: BTPS has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: BTPS's Loans to Deposits ratio (90%) is appropriate.

Level of Bad Loans: BTPS has an appropriate level of bad loans (1.9%).


Discover healthy companies

Dividend

What is Bank BTPN Syariah current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.32%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BTPS's dividend (2.32%) is higher than the bottom 25% of dividend payers in the ID market (1.11%).

High Dividend: BTPS's dividend (2.32%) is low compared to the top 25% of dividend payers in the ID market (4.67%).


Stability and Growth of Payments

Stable Dividend: BTPS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BTPS's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.7%), BTPS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BTPS's dividends in 3 years are forecast to be well covered by earnings (30.2% payout ratio).


Discover strong dividend paying companies

Management

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

5.1yrs

Average board tenure


CEO

Hadi Wibowo (55 yo)

2.25yrs

Tenure

Mr. Hadi Wibowo served as Branchless Banking Head at PT Bank BTPN Tbk (formerly PT Bank Tabungan Pensiunan Nasional Tbk) and served as its Head of Operations. Mr. Wibowo served as a Director of Operations...


Board Members

Experienced Board: BTPS's board of directors are considered experienced (5.1 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 Bank BTPN Syariah Tbk's employee growth, exchange listings and data sources


Key Information

  • Name: PT Bank BTPN Syariah Tbk
  • Ticker: BTPS
  • Exchange: IDX
  • Founded: 1991
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: Rp20.488t
  • Shares outstanding: 7.70b
  • Website: https://www.btpnsyariah.com

Number of Employees


Location

  • PT Bank BTPN Syariah Tbk
  • Menara BTPN
  • 12th Floor, CBD Mega Kuningan
  • Jakarta Selatan
  • Jakarta Raya
  • 12950
  • Indonesia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.