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Sinar Mas Multiartha

Market Cap

Rp91.1t

Last Updated

2021/04/11 10:14 UTC

Data Sources

Company Financials

Executive Summary

PT Sinar Mas Multiartha Tbk provides various financial services to individual and corporate clients in Indonesia. More Details


Snowflake Analysis

Mediocre balance sheet with questionable track record.

Share Price & News

How has Sinar Mas Multiartha's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SMMA is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SMMA's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-0.7%

SMMA

0.5%

ID Insurance

0.9%

ID Market


1 Year Return

11.7%

SMMA

2.8%

ID Insurance

27.3%

ID Market

Return vs Industry: SMMA exceeded the ID Insurance industry which returned 2.8% over the past year.

Return vs Market: SMMA underperformed the ID Market which returned 27.3% over the past year.


Shareholder returns

SMMAIndustryMarket
7 Day-0.7%0.5%0.9%
30 Day5.9%4.1%-3.3%
90 Day25.4%10.9%-4.1%
1 Year11.7%11.7%3.1%2.8%31.7%27.3%
3 Year45.9%45.9%29.5%28.3%2.2%-6.1%
5 Year180.5%180.4%118.7%112.7%38.5%21.0%

Long-Term Price Volatility Vs. Market

How volatile is Sinar Mas Multiartha's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sinar Mas Multiartha undervalued compared to its fair value and its price relative to the market?

191.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SMMA (IDR14300) is trading above our estimate of fair value (IDR279.45)

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


Price To Earnings Ratio

PE vs Industry: SMMA is poor value based on its PE Ratio (191.4x) compared to the ID Insurance industry average (21.2x).

PE vs Market: SMMA is poor value based on its PE Ratio (191.4x) compared to the ID market (22.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SMMA is overvalued based on its PB Ratio (4.5x) compared to the ID Insurance industry average (1x).


Future Growth

How is Sinar Mas Multiartha forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.6%

Forecasted Insurance 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 Sinar Mas Multiartha 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.


Past Performance

How has Sinar Mas Multiartha performed over the past 5 years?

43.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMMA has high quality earnings.

Growing Profit Margin: SMMA's current net profit margins (1.3%) are lower than last year (17.2%).


Past Earnings Growth Analysis

Earnings Trend: SMMA's earnings have grown significantly by 43.3% per year over the past 5 years.

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

Earnings vs Industry: SMMA had negative earnings growth (-92%) over the past year, making it difficult to compare to the Insurance industry average (-17.3%).


Return on Equity

High ROE: SMMA's Return on Equity (2.2%) is considered low.


Financial Health

How is Sinar Mas Multiartha's financial position?


Financial Position Analysis

Short Term Liabilities: SMMA's short term assets (IDR70,730.0B) exceed its short term liabilities (IDR40,209.7B).

Long Term Liabilities: SMMA's short term assets (IDR70,730.0B) exceed its long term liabilities (IDR38,950.8B).


Debt to Equity History and Analysis

Debt Level: SMMA's debt to equity ratio (30.4%) is considered satisfactory.

Reducing Debt: SMMA's debt to equity ratio has increased from 12.7% to 30.4% over the past 5 years.

Debt Coverage: SMMA's debt is not well covered by operating cash flow (1.3%).

Interest Coverage: SMMA's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Dividend

What is Sinar Mas Multiartha current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SMMA'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 SMMA's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SMMA'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?

8.3yrs

Average board tenure


CEO

Doddy Susanto (60 yo)

11.83yrs

Tenure

Mr. Doddy Susanto served as Branch Manager at BII in Semarang from December 1989 to October 1990. Mr. Susanto served as Manager for Central Java area from November 1990 to September 1991. He also served as...


Board Members

Experienced Board: SMMA's board of directors are considered experienced (8.3 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 Sinar Mas Multiartha Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Sinar Mas Multiartha Tbk
  • Ticker: SMMA
  • Exchange: IDX
  • Founded: 1982
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: Rp91.058t
  • Shares outstanding: 6.37b
  • Website: https://www.smma.co.id

Number of Employees


Location

  • PT Sinar Mas Multiartha Tbk
  • Sinar Mas Land Plaza
  • Tower I
  • Jakarta
  • Jakarta Raya
  • 10350
  • Indonesia

Listings


Biography

PT Sinar Mas Multiartha Tbk provides various financial services to individual and corporate clients in Indonesia. The company’s services include banking, insurance, financing, capital markets, asset manage...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 10:14
End of Day Share Price2021/04/09 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.