Panin Financial Valuation

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

PNLF (IDR424) is trading above our estimate of [[fair value]] (IDR331.95)

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PNLF (IDR424) is trading above our estimate of fair value (IDR331.95)

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

Key Valuation Metric

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

Key metric: As PNLF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PNLF. This is calculated by dividing PNLF's market cap by their current earnings.
What is PNLF's PE Ratio?
PE Ratio	9.8x
Earnings	Rp1.39t
Market Cap	Rp13.58t

PNLF 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/Revenue	2.6x
Enterprise Value/EBITDA	4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PNLF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	35x
PNIN Paninvest	7.5x	n/a	Rp4.4t
LIFE MSIG Life Insurance Indonesia	69.4x	n/a	Rp15.9t
JMAS Asuransi Jiwa Syariah Jasa Mitra Abadi	58.2x	n/a	Rp147.0b
TUGU Asuransi Tugu Pratama Indonesia	5x	n/a	Rp3.7t
PNLF Panin Financial	9.8x	n/a	Rp13.6t

Price-To-Earnings vs Peers: PNLF is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (35x).

Price to Earnings Ratio vs Industry

How does PNLF's PE Ratio compare vs other companies in the Asian Insurance Industry?

5 Companies	Price / Earnings	Estimated Growth	Market Cap

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PNLF is good value based on its Price-To-Earnings Ratio (9.8x) compared to the Asian Insurance industry average (10.9x).

Price to Earnings Ratio vs Fair Ratio

What is PNLF'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.

PNLF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PNLF's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.