OTCPK:PPER.Y

Stock Analysis Report

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Bank Mandiri (Persero)

Executive Summary

PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and Cayman Islands.


Snowflake Analysis

Excellent balance sheet established 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

Stable Share Price: PPER.Y's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.0%

PPER.Y

-2.4%

US Banks

2.2%

US Market


1 Year Return

-29.1%

PPER.Y

-22.7%

US Banks

16.2%

US Market

Return vs Industry: PPER.Y underperformed the US Banks industry which returned -23.2% over the past year.

Return vs Market: PPER.Y underperformed the US Market which returned 15.9% over the past year.


Shareholder returns

PPER.YIndustryMarket
7 Day-2.0%-2.4%2.2%
30 Day6.1%0.8%4.9%
90 Day39.0%6.1%17.8%
1 Year-26.9%-29.1%-19.9%-22.7%18.7%16.2%
3 Year-19.3%-24.8%-15.5%-22.2%41.1%32.0%
5 Year33.1%19.8%10.1%-3.3%74.5%55.7%

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 compared to its fair value and its price relative to the market?

9.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PPER.Y ($7.48) is trading above our estimate of fair value ($4.4)

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


Price To Earnings Ratio

PE vs Industry: PPER.Y is good value based on its PE Ratio (9.2x) compared to the US Banks industry average (9.6x).

PE vs Market: PPER.Y is good value based on its PE Ratio (9.2x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: PPER.Y is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: PPER.Y is overvalued based on its PB Ratio (1.5x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

28.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PPER.Y's forecast earnings growth (28.6% per year) is above the savings rate (2.2%).

Earnings vs Market: PPER.Y's earnings (28.6% per year) are forecast to grow faster than the US market (22.4% per year).

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

Revenue vs Market: PPER.Y's revenue (10.8% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: PPER.Y's revenue (10.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PPER.Y's Return on Equity is forecast to be low in 3 years time (13.1%).


Next Steps

Past Performance

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

9.8%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: PPER.Y's current net profit margins (35.6%) are lower than last year (35.8%).


Past Earnings Growth Analysis

Earnings Trend: PPER.Y's earnings have grown by 9.8% per year over the past 5 years.

Accelerating Growth: PPER.Y's earnings growth over the past year (6.7%) is below its 5-year average (9.8% per year).

Earnings vs Industry: PPER.Y earnings growth over the past year (6.7%) exceeded the Banks industry -2.8%.


Return on Equity

High ROE: PPER.Y's Return on Equity (16.4%) is considered low.


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


Financial Institutions Analysis

Asset Level: PPER.Y's Assets to Equity ratio (7.4x) is low.

Allowance for Bad Loans: PPER.Y has a sufficient allowance for bad loans (161%).

Low Risk Liabilities: 80% of PPER.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: PPER.Y has an appropriate level of Loans to Assets ratio (65%).

Low Risk Deposits: PPER.Y's Loans to Deposits ratio (93%) is appropriate.

Level of Bad Loans: PPER.Y has a high level of bad loans (2.1%).


Next Steps

Dividend

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

6.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PPER.Y's dividend (6.34%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: PPER.Y's dividend (6.34%) is in the top 25% of dividend payers in the US market (4.54%)


Stability and Growth of Payments

Stable Dividend: PPER.Y's dividend payments have been volatile in the past 10 years.

Growing Dividend: PPER.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.5%), PPER.Y's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PPER.Y's dividends in 3 years are forecast to be well covered by earnings (42.2% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Royke Tumilaar (56 yo)

0.67

Tenure

Mr. Royke Tumilaar has been President Director at PT Bank Mandiri (Persero) Tbk since December 9, 2019 and has been its Director since May 23, 2011. Mr. Tumilaar was Director of Corporate Banking at PT Ban ...


Leadership Team

NamePositionTenureCompensationOwnership
Royke Tumilaar
President Director0.67yrno data0.0017%
IDR 298.0k
Hery Gunardi
Vice President Director0.50yrno data0.0024%
IDR 418.7k
Silvano Rumantir
Finance & Strategy Director and Director0.67yrno datano data
Panji Irawan
Operation Director & Director2.33yrsno data0.00074%
IDR 131.3k
Yohan Setio
Group Head of Investor Relations2.5yrsno datano data
Agus Handaya
Director of Compliance and Human Resources & Director2.42yrsno data0.00089%
IDR 157.9k
Eman Suherman
Group Head Legalno datano datano data
Aquarius Rudianto
Business & Network Director and Director0.50yrno data0.00060%
IDR 106.4k
Riduan Ahmad
Commercial Banking Director & Director1.58yrsno data0.00034%
IDR 60.3k
Rico Frans
Information Technology Director & Director4.42yrsno data0.0015%
IDR 260.8k
Alexandra Askandar
Corporate Banking Director & Director2.33yrsno data0.0016%
IDR 285.6k
Agus Sudiarto
Senior Executive Vice President of Special Asset Management3.33yrsno datano data

2.0yrs

Average Tenure

51.5yo

Average Age

Experienced Management: PPER.Y's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Royke Tumilaar
President Director0.67yrno data0.0017%
IDR 298.0k
Hery Gunardi
Vice President Director0.50yrno data0.0024%
IDR 418.7k
Silvano Rumantir
Finance & Strategy Director and Director0.67yrno datano data
Panji Irawan
Operation Director & Director2.33yrsno data0.00074%
IDR 131.3k
Agus Handaya
Director of Compliance and Human Resources & Director2.42yrsno data0.00089%
IDR 157.9k
Aquarius Rudianto
Business & Network Director and Director0.50yrno data0.00060%
IDR 106.4k
Riduan Ahmad
Commercial Banking Director & Director1.58yrsno data0.00034%
IDR 60.3k
Rico Frans
Information Technology Director & Director4.42yrsno data0.0015%
IDR 260.8k
Alexandra Askandar
Corporate Banking Director & Director2.33yrsno data0.0016%
IDR 285.6k
Ahmad Badruddin
Director of Risk Management & Director5.42yrsno data0.0036%
IDR 638.6k
Donsuwan Simatupang
Institutional Relationship Director & Director2.33yrsno data0.00074%
IDR 131.3k
Darmawan Junaidi
Treasury3yrsno data0.0011%
IDR 200.5k

2.3yrs

Average Tenure

53.5yo

Average Age

Experienced Board: PPER.Y's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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


Key Information

  • Name: PT Bank Mandiri (Persero) Tbk
  • Ticker: PPER.Y
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: Rp260.149t
  • Listing Market Cap: Rp17.739b
  • Shares outstanding: 46.66b
  • 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, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and Cayma ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 00:36
End of Day Share Price2020/08/04 00:00
Earnings2020/03/31
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.