OTCPK:PPER.F

Stock Analysis Report

Bank Mandiri (Persero)

Executive Summary

PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia and internationally.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:PPER.F

-2.5%

US Banks

-0.7%

US Market


1 Year Return

-1.1%

OTCPK:PPER.F

-14.2%

US Banks

-0.5%

US Market

PPER.F outperformed the Banks industry which returned -14.2% over the past year.

PPER.F matched the United States of America Market (-0.4%) over the past year.


Share holder returns

PPER.FIndustryMarket
7 Day0%-2.5%-0.7%
30 Day-10.7%-6.1%-3.0%
90 Day4.4%-3.8%0.9%
1 Year-1.1%-1.1%-11.8%-14.2%1.7%-0.5%
3 Year-39.6%-39.6%42.1%32.4%39.5%30.4%
5 Year-42.0%-42.0%53.3%36.7%54.1%37.0%

Price Volatility Vs. Market

How volatile is Bank Mandiri (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 Mandiri (Persero) undervalued based on future cash flows and its price relative to the stock market?

8%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Bank Mandiri (Persero)'s share price is below the future cash flow value, but not at a moderate discount (< 20%).

Bank Mandiri (Persero)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Bank Mandiri (Persero) is overvalued based on earnings compared to the US Banks industry average.

Bank Mandiri (Persero) is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Bank Mandiri (Persero) is good value based on expected growth next year.


Price Based on Value of Assets

Bank Mandiri (Persero) is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Bank Mandiri (Persero) expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bank Mandiri (Persero)'s revenue is expected to grow by 11% yearly, however this is not considered high growth (20% yearly).

Bank Mandiri (Persero)'s earnings are expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).

Bank Mandiri (Persero)'s revenue growth is expected to exceed the United States of America market average.

Bank Mandiri (Persero)'s earnings growth is positive but not above the United States of America market average.

Bank Mandiri (Persero)'s earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Bank Mandiri (Persero) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

5.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bank Mandiri (Persero)'s year on year earnings growth rate has been positive over the past 5 years.

Bank Mandiri (Persero)'s 1-year earnings growth exceeds its 5-year average (12.9% vs 5.5%)

Bank Mandiri (Persero)'s earnings growth has not exceeded the US Banks industry average in the past year (12.9% vs 33.3%).


Return on Equity

Bank Mandiri (Persero) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bank Mandiri (Persero) used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Bank Mandiri (Persero) improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Bank Mandiri (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

Information is not available.

Information is not available.


Financial Institutions Analysis

Bank Mandiri (Persero) has an acceptable proportion of non-loan assets held.

Bank Mandiri (Persero) has a sufficient allowance for bad loans.

Bank Mandiri (Persero)'s liabilities are made up of primarily low risk sources of funding.

Bank Mandiri (Persero)'s level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Bank Mandiri (Persero) are broadly funded by customer deposits.

Bank Mandiri (Persero) has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Bank Mandiri (Persero)'s current dividend yield, its reliability and sustainability?

3.62%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Bank Mandiri (Persero)'s pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Bank Mandiri (Persero)'s dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).


Next Steps

Management

What is the CEO of Bank Mandiri (Persero)'s salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Kartika Wirjoatmodjo (46yo)

3.4yrs

Tenure

0

Mr. Kartika Wirjoatmodjo has been President Director of PT Bank Mandiri (Persero) Tbk since March 21, 2016 and has been its Director since March 16, 2015. Mr. Wirjoatmodjo had served as Tax & Accounting Co ...


Management Age and Tenure

1.5yrs

Average Tenure

53yo

Average Age

The average tenure for the Bank Mandiri (Persero) management team is less than 2 years, this suggests a new team.


Board Age and Tenure

3.4yrs

Average Tenure

51.5yo

Average Age

The tenure for the Bank Mandiri (Persero) board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Yohan Setio

    Group Head of Investor Relations

    • Tenure: 1.5yrs
  • Royke Tumilaar (55yo)

    Director of Corporate Banking & Director

    • Tenure: 8.3yrs
  • Hery Gunardi (58yo)

    Business & Network Director and Director

    • Tenure: 6.3yrs
  • Aquarius Rudianto (52yo)

    Senior Executive Vice President of Operation

    • Tenure: 0.0yrs
  • Rico Frans (49yo)

    Director of Information Technology & Operation and Director

    • Tenure: 3.4yrs
  • Panji Irawan (54yo)

    Finance & Strategy Director and Director

    • Tenure: 1.3yrs
  • Agus Handaya (49yo)

    Compliance & Human Capital Director and Director

    • Tenure: 1.3yrs
  • Sulaiman Arianto (60yo)

    Deputy President Director

    • Tenure: 4.4yrs
  • Kartika Wirjoatmodjo (46yo)

    President Director

    • Tenure: 3.4yrs
  • Eman Suherman

    Group Head Legal

    • Tenure: 0.0yrs

Board Members

  • Royke Tumilaar (55yo)

    Director of Corporate Banking & Director

    • Tenure: 8.3yrs
  • Hery Gunardi (58yo)

    Business & Network Director and Director

    • Tenure: 6.3yrs
  • Riduan Ahmad (49yo)

    Commercial Banking Director & Director

    • Tenure: 0.6yrs
  • Rico Frans (49yo)

    Director of Information Technology & Operation and Director

    • Tenure: 3.4yrs
  • Alexandra Askandar (47yo)

    Director of Institutional Relationship & Director

    • Tenure: 1.3yrs
  • Panji Irawan (54yo)

    Finance & Strategy Director and Director

    • Tenure: 1.3yrs
  • Agus Handaya (49yo)

    Compliance & Human Capital Director and Director

    • Tenure: 1.3yrs
  • Sulaiman Arianto (60yo)

    Deputy President Director

    • Tenure: 4.4yrs
  • Kartika Wirjoatmodjo (46yo)

    President Director

    • Tenure: 3.4yrs
  • Ahmad Badruddin (55yo)

    Director of Risk Management & Director

    • Tenure: 4.4yrs

Company Information

PT Bank Mandiri (Persero) Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Bank Mandiri (Persero) Tbk
  • Ticker: PPER.F
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: Rp344.167t
  • Listing Market Cap: Rp24.203b
  • Shares outstanding: 46.67b
  • Website: https://www.bankmandiri.co.id

Number of Employees


Location

  • PT Bank Mandiri (Persero) Tbk
  • Plaza Mandiri
  • Jl. Jenderal Gatot Subroto Kav. 36-38
  • Jakarta
  • 12190
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PPER.FOTCPK (Pink Sheets LLC)YesSeries B Common StockUSUSDJul 2003
PQ9DB (Deutsche Boerse AG)YesSeries B Common StockDEEURJul 2003
BMRIIDX (Indonesia Stock Exchange)YesSeries B Common StockIDIDRJul 2003
PPER.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDApr 2009

Biography

PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia and internationally. It offers savings accounts, current accounts, time deposits, dem ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 23:51
End of Day Share Price2019/08/05 00:00
Earnings2019/06/30
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.