Upcoming Dividend • 8h
Upcoming dividend of Rp20.00 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 6.5%. Lower than top quartile of Indonesian dividend payers (7.1%). Lower than average of industry peers (8.2%). Price Target Changed • May 07
Price target decreased by 7.2% to Rp8,966 Down from Rp9,666, the current price target is an average from 23 analysts. New target price is 44% above last closing price of Rp6,225. Stock is down 31% over the past year. The company is forecast to post earnings per share of Rp489 for next year compared to Rp467 last year. Reported Earnings • Apr 24
First quarter 2026 earnings: Revenues and EPS in line with analyst expectations First quarter 2026 results: EPS: Rp119 (up from Rp115 in 1Q 2025). Revenue: Rp27t (down 1.3% from 1Q 2025). Net income: Rp15t (up 3.8% from 1Q 2025). Profit margin: 55% (up from 52% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to Rp6,500. The fair value is estimated to be Rp5,384, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period. Recent Insider Transactions • Mar 23
Board Member recently bought Rp2.0b worth of stock On the 16th of March, Lianawaty Suwono bought around 300k shares on-market at roughly Rp6,750 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Rp2.1b. Despite this recent purchase, insiders have collectively sold Rp2.4b more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 22
Board Member recently bought Rp2.0b worth of stock On the 16th of March, Lianawaty Suwono bought around 300k shares on-market at roughly Rp6,750 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Rp2.1b. Despite this recent purchase, insiders have collectively sold Rp2.4b more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 18
Board Member recently bought Rp2.0b worth of stock On the 16th of March, Lianawaty Suwono bought around 300k shares on-market at roughly Rp6,750 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Rp2.1b. Despite this recent purchase, insiders have collectively sold Rp2.4b more in shares than they bought in the last 12 months. Declared Dividend • Mar 16
Final dividend increased to Rp281 Dividend of Rp281 is 12% higher than last year. Ex-date: 30th March 2026 Payment date: 8th April 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (66% payout ratio) and is expected to be covered in 3 years' time (70% forecast payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Feb 04
Board Member recently bought Rp2.1b worth of stock On the 28th of January, Lianawaty Suwono bought around 300k shares on-market at roughly Rp7,025 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Rp1.0b more in shares than they have sold in the last 12 months. Duyuru • Jan 29
PT Bank Central Asia Tbk, Annual General Meeting, Mar 12, 2026 PT Bank Central Asia Tbk, Annual General Meeting, Mar 12, 2026. Reported Earnings • Jan 28
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: Rp467 (up from Rp445 in FY 2024). Revenue: Rp109t (up 2.9% from FY 2024). Net income: Rp58t (up 4.9% from FY 2024). Profit margin: 53% (up from 52% in FY 2024). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 26
Dividend increased to Rp55.00 Dividend of Rp55.00 is 10% higher than last year. Ex-date: 3rd December 2025 Payment date: 22nd December 2025 Dividend yield will be 3.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (54% payout ratio) and is expected to be covered in 3 years' time (66% forecast payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 23
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: Rp117 (up from Rp115 in 3Q 2024). Revenue: Rp28t (up 2.8% from 3Q 2024). Net income: Rp14t (up 1.3% from 3Q 2024). Profit margin: 52% (in line with 3Q 2024). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Oct 23
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. No independent directors (12 non-independent directors). Head of Transaction Banking Partnership Solution Development Division & Director Hendra Tanumihardja was the last director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Jan 24
PT Bank Central Asia Tbk, Annual General Meeting, Mar 12, 2025 PT Bank Central Asia Tbk, Annual General Meeting, Mar 12, 2025. Location: jakarta Indonesia Declared Dividend • Nov 14
Dividend increased to Rp50.00 Dividend of Rp50.00 is 18% higher than last year. Ex-date: 21st November 2024 Payment date: 11th December 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (53% payout ratio) and is expected to be covered in 3 years' time (64% forecast payout ratio). The dividend has increased by an average of 27% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: Rp115 (up from Rp99.21 in 3Q 2023). Revenue: Rp27t (up 9.2% from 3Q 2023). Net income: Rp14t (up 16% from 3Q 2023). Profit margin: 53% (up from 50% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 5.3%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 26
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: Rp114 (up from Rp103 in 2Q 2023). Revenue: Rp26t (up 7.0% from 2Q 2023). Net income: Rp14t (up 11% from 2Q 2023). Profit margin: 54% (up from 52% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year. Recent Insider Transactions • Jun 02
President Director recently bought Rp2.0b worth of stock On the 30th of May, Jahja Setiaatmadja bought around 221k shares on-market at roughly Rp9,000 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Rp8.2b. Despite this recent buy, Jahja has been a net seller over the last 12 months, reducing personal holdings by Rp64b. Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: Rp104 (vs Rp93.53 in 1Q 2023) First quarter 2024 results: EPS: Rp104 (up from Rp93.53 in 1Q 2023). Revenue: Rp25t (up 8.2% from 1Q 2023). Net income: Rp13t (up 12% from 1Q 2023). Profit margin: 51% (up from 49% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 28
President Director recently bought Rp8.2b worth of stock On the 22nd of March, Jahja Setiaatmadja bought around 811k shares on-market at roughly Rp10,108 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Jahja has been a net seller over the last 12 months, reducing personal holdings by Rp66b. Declared Dividend • Mar 20
Final dividend increased to Rp228 Dividend of Rp228 is 34% higher than last year. Ex-date: 25th March 2024 Payment date: 4th April 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (54% payout ratio) and is expected to be covered in 3 years' time (61% forecast payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 27
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: Rp395 (up from Rp330 in FY 2022). Revenue: Rp98t (up 18% from FY 2022). Net income: Rp49t (up 19% from FY 2022). Profit margin: 50% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jan 14
Board Member recently sold Rp9.6b worth of stock On the 10th of January, Ho Tan sold around 1m shares on-market at roughly Rp9,650 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Rp95b more than they bought in the last 12 months. Recent Insider Transactions • Dec 24
Board Member recently sold Rp9.4b worth of stock On the 22nd of December, Ho Tan sold around 1m shares on-market at roughly Rp9,350 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Rp90b more than they bought in the last 12 months. Upcoming Dividend • Nov 27
Upcoming dividend of Rp42.50 per share at 2.3% yield Eligible shareholders must have bought the stock before 04 December 2023. Payment date: 20 December 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Indonesian dividend payers (5.7%). Lower than average of industry peers (3.8%). Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: Rp98.77 (vs Rp88.46 in 3Q 2022) Third quarter 2023 results: EPS: Rp98.77 (up from Rp88.46 in 3Q 2022). Revenue: Rp25t (up 13% from 3Q 2022). Net income: Rp12t (up 12% from 3Q 2022). Profit margin: 50% (in line with 3Q 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: Rp103 (vs Rp81.00 in 2Q 2022) Second quarter 2023 results: EPS: Rp103 (up from Rp81.00 in 2Q 2022). Revenue: Rp24t (up 23% from 2Q 2022). Net income: Rp13t (up 27% from 2Q 2022). Profit margin: 52% (up from 51% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Duyuru • Feb 01
PT Bank Central Asia Tbk, Annual General Meeting, Mar 16, 2023 PT Bank Central Asia Tbk, Annual General Meeting, Mar 16, 2023. Reported Earnings • Jan 31
Full year 2022 earnings released: EPS: Rp330 (vs Rp255 in FY 2021) Full year 2022 results: EPS: Rp330 (up from Rp255 in FY 2021). Revenue: Rp83t (up 20% from FY 2021). Net income: Rp41t (up 30% from FY 2021). Profit margin: 49% (up from 45% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Oct 23
Third quarter 2022 earnings released: EPS: Rp88.60 (vs Rp70.92 in 3Q 2021) Third quarter 2022 results: EPS: Rp88.60 (up from Rp70.92 in 3Q 2021). Revenue: Rp22t (up 20% from 3Q 2021). Net income: Rp11t (up 25% from 3Q 2021). Profit margin: 50% (up from 48% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: Rp81.00 (vs Rp60.16 in 2Q 2021) Second quarter 2022 results: EPS: Rp81.00 (up from Rp60.16 in 2Q 2021). Revenue: Rp20t (up 22% from 2Q 2021). Net income: Rp9.99t (up 35% from 2Q 2021). Profit margin: 51% (up from 46% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 49% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: Rp65.42 (up from Rp57.11 in 1Q 2021). Revenue: Rp18t (up 11% from 1Q 2021). Net income: Rp8.06t (up 15% from 1Q 2021). Profit margin: 46% (up from 44% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 22%, compared to a 47% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 30
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: Rp255 (up from Rp220 in FY 2020). Revenue: Rp69t (up 8.0% from FY 2020). Net income: Rp31t (up 16% from FY 2020). Profit margin: 46% (up from 43% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 22%, compared to a 73% growth forecast for the banks industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS Rp70.94 (vs Rp63.23 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: Rp18t (up 13% from 3Q 2020). Net income: Rp8.74t (up 12% from 3Q 2020). Profit margin: 49% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS Rp300 (vs Rp230 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp16t (up 16% from 2Q 2020). Net income: Rp7.42t (up 31% from 2Q 2020). Profit margin: 46% (up from 41% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Analyst Estimate Surprise Post Earnings • Feb 15
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 26%, compared to a 45% growth forecast for the Banks industry in Indonesia. Reported Earnings • Feb 10
Full year 2020 earnings released The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: Rp63t (down 5.8% from FY 2019). Net income: Rp27t (down 5.0% from FY 2019). Profit margin: 43% (in line with FY 2019). Net interest margin (NIM): 5.70% (down from 6.24% in FY 2019). Cost-to-income ratio: 63.5% (up from 59.1% in FY 2019). Non-performing loans: 1.80% (up from 1.28% in FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 05
New 90-day high: Rp35,450 The company is up 23% from its price of Rp28,900 on 08 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp7,301 per share. Is New 90 Day High Low • Dec 11
New 90-day high: Rp33,675 The company is up 14% from its price of Rp29,525 on 11 September 2020. The Indonesian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp6,223 per share. Is New 90 Day High Low • Nov 19
New 90-day high: Rp33,075 The company is up 5.0% from its price of Rp31,650 on 19 August 2020. The Indonesian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp5,269 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp28t, down 2.1% from the prior year. Total revenue was Rp65t over the last 12 months, largely unchanged from the prior year.