Recent Insider Transactions • May 08
Finance recently bought Rp1.5m worth of stock On the 4th of May, Fachmy Achmad bought around 2k shares on-market at roughly Rp985 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Fachmy's only on-market trade for the last 12 months. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: Rp41.00 (vs Rp40.34 in 1Q 2025) First quarter 2026 results: EPS: Rp41.00 (up from Rp40.34 in 1Q 2025). Revenue: Rp1.00t (up 3.2% from 1Q 2025). Net income: Rp319.4b (up 2.8% from 1Q 2025). Profit margin: 32% (in line with 1Q 2025). Revenue is forecast to grow 13% 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 fallen by 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Declared Dividend • Apr 23
Final dividend of Rp46.20 announced Shareholders will receive a dividend of Rp46.20. Ex-date: 27th April 2026 Payment date: 19th May 2026 Dividend yield will be 7.9%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by earnings (25% payout ratio) and is expected to be covered in 3 years' time (51% forecast payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 10
PT Bank BTPN Syariah Tbk, Annual General Meeting, Apr 16, 2026 PT Bank BTPN Syariah Tbk, Annual General Meeting, Apr 16, 2026. Reported Earnings • Feb 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: Rp156 (up from Rp138 in FY 2024). Revenue: Rp3.95t (up 10% from FY 2024). Net income: Rp1.20t (up 13% from FY 2024). Profit margin: 30% (in line with FY 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is forecast to grow 14% 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 fallen by 17% per year whereas the company’s share price has fallen by 20% per year. Price Target Changed • Jan 28
Price target increased by 9.0% to Rp1,594 Up from Rp1,463, the current price target is an average from 8 analysts. New target price is 31% above last closing price of Rp1,220. Stock is up 32% over the past year. The company is forecast to post earnings per share of Rp165 for next year compared to Rp138 last year. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: Rp39.42 (vs Rp28.36 in 3Q 2024) Third quarter 2025 results: EPS: Rp39.42 (up from Rp28.36 in 3Q 2024). Revenue: Rp989.8b (up 19% from 3Q 2024). Net income: Rp301.8b (up 38% from 3Q 2024). Profit margin: 31% (up from 26% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% 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 fallen by 20% per year whereas the company’s share price has fallen by 25% per year. Board Change • Oct 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Independent Commissioner Mulya Siregar was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 23
PT Bank BTPN Syariah Tbk announces Annual dividend, payable on May 16, 2025 PT Bank BTPN Syariah Tbk announced Annual dividend of IDR 34.5000 per share payable on May 16, 2025, ex-date on April 29, 2025 and record date on April 30, 2025. Duyuru • Mar 07
PT Bank BTPN Syariah Tbk, Annual General Meeting, Apr 17, 2025 PT Bank BTPN Syariah Tbk, Annual General Meeting, Apr 17, 2025. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: Rp28.36 (vs Rp32.60 in 3Q 2023) Third quarter 2024 results: EPS: Rp28.36 (down from Rp32.60 in 3Q 2023). Revenue: Rp835.0b (down 1.2% from 3Q 2023). Net income: Rp218.4b (down 13% from 3Q 2023). Profit margin: 26% (down from 30% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 21% 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 fallen by 17% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Oct 02
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from Rp5.38b to Rp5.22b. EPS estimate also fell from Rp182 per share to Rp163 per share. Net income forecast to grow 56% next year vs 10% growth forecast for Banks industry in Indonesia. Consensus price target down from Rp1,725 to Rp1,513. Share price fell 3.1% to Rp1,235 over the past week. Price Target Changed • Oct 01
Price target decreased by 9.3% to Rp1,543 Down from Rp1,701, the current price target is an average from 8 analysts. New target price is 27% above last closing price of Rp1,215. Stock is down 36% over the past year. The company is forecast to post earnings per share of Rp163 for next year compared to Rp140 last year. Reported Earnings • Jul 27
Second quarter 2024 earnings released: EPS: Rp37.75 (vs Rp42.55 in 2Q 2023) Second quarter 2024 results: EPS: Rp37.75 (down from Rp42.55 in 2Q 2023). Revenue: Rp916.3b (flat on 2Q 2023). Net income: Rp288.1b (down 12% from 2Q 2023). Profit margin: 31% (down from 36% in 2Q 2023). Revenue is forecast to grow 20% 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 fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Rp1,200, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Banks industry in Indonesia. Total loss to shareholders of 58% over the past three years. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: Rp34.00 (vs Rp55.14 in 1Q 2023) First quarter 2024 results: EPS: Rp34.00 (down from Rp55.14 in 1Q 2023). Revenue: Rp883.6b (down 16% from 1Q 2023). Net income: Rp264.0b (down 38% from 1Q 2023). Profit margin: 30% (down from 41% in 1Q 2023). Revenue is forecast to grow 20% 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 2% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: Rp140 (vs Rp231 in FY 2022) Full year 2023 results: EPS: Rp140 (down from Rp231 in FY 2022). Revenue: Rp3.42t (down 18% from FY 2022). Net income: Rp1.08t (down 39% from FY 2022). Profit margin: 32% (down from 43% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% 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 13% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 06
Price target decreased by 11% to Rp2,019 Down from Rp2,269, the current price target is an average from 9 analysts. New target price is 24% above last closing price of Rp1,625. Stock is down 38% over the past year. The company is forecast to post earnings per share of Rp166 for next year compared to Rp231 last year. Price Target Changed • Nov 28
Price target decreased by 8.2% to Rp2,297 Down from Rp2,502, the current price target is an average from 9 analysts. New target price is 36% above last closing price of Rp1,690. Stock is down 47% over the past year. The company is forecast to post earnings per share of Rp190 for next year compared to Rp231 last year. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: Rp32.38 (vs Rp61.20 in 3Q 2022) Third quarter 2023 results: EPS: Rp32.38 (down from Rp61.20 in 3Q 2022). Revenue: Rp834.8b (down 23% from 3Q 2022). Net income: Rp251.2b (down 47% from 3Q 2022). Profit margin: 30% (down from 43% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% 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 but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 22
Second quarter 2023 earnings released: EPS: Rp42.82 (vs Rp57.81 in 2Q 2022) Second quarter 2023 results: EPS: Rp42.82 (down from Rp57.81 in 2Q 2022). Revenue: Rp908.8b (down 13% from 2Q 2022). Net income: Rp327.8b (down 26% from 2Q 2022). Profit margin: 36% (down from 43% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% 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 23% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Price Target Changed • May 03
Price target decreased by 11% to Rp3,248 Down from Rp3,635, the current price target is an average from 10 analysts. New target price is 71% above last closing price of Rp1,900. Stock is down 45% over the past year. The company is forecast to post earnings per share of Rp269 for next year compared to Rp231 last year. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: Rp55.00 (vs Rp53.36 in 1Q 2022) First quarter 2023 results: EPS: Rp55.00 (up from Rp53.36 in 1Q 2022). Revenue: Rp1.05t (up 4.4% from 1Q 2022). Net income: Rp424.7b (up 3.3% from 1Q 2022). Profit margin: 41% (in line with 1Q 2022). Revenue is forecast to grow 17% 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 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 22
Upcoming dividend of Rp92.50 per share at 2.7% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Indonesian dividend payers (5.3%). Lower than average of industry peers (3.8%). Buying Opportunity • Mar 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be Rp2,598, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Reported Earnings • Feb 18
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: Rp231 (up from Rp190 in FY 2021). Revenue: Rp4.15t (up 16% from FY 2021). Net income: Rp1.78t (up 22% from FY 2021). Profit margin: 43% (up from 41% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 1.8%. 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 18% per year, which means it is significantly lagging earnings. Buying Opportunity • Dec 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be Rp3,489, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 9.5%. Revenue is forecast to grow by 55% in 2 years. Earnings is forecast to grow by 55% in the next 2 years. Buying Opportunity • Dec 02
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be Rp3,870, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 9.5%. Revenue is forecast to grow by 56% in 2 years. Earnings is forecast to grow by 58% in the next 2 years. Buying Opportunity • Nov 16
Now 20% undervalued Over the last 90 days, the stock is up 3.3%. The fair value is estimated to be Rp3,870, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 9.5%. Revenue is forecast to grow by 56% in 2 years. Earnings is forecast to grow by 58% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 17% share price gain to Rp3,260, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Banks industry in Indonesia. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,100 per share. Reported Earnings • Oct 23
Third quarter 2022 earnings released: EPS: Rp61.20 (vs Rp42.37 in 3Q 2021) Third quarter 2022 results: EPS: Rp61.20 (up from Rp42.37 in 3Q 2021). Revenue: Rp1.09t (up 33% from 3Q 2021). Net income: Rp471.4b (up 44% from 3Q 2021). Profit margin: 43% (up from 40% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% 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 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: Rp57.63 (vs Rp51.26 in 2Q 2021) Second quarter 2022 results: EPS: Rp57.63 (up from Rp51.26 in 2Q 2021). Revenue: Rp1.04t (up 11% from 2Q 2021). Net income: Rp445.3b (up 13% from 2Q 2021). Profit margin: 43% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 40%, compared to a 45% growth forecast for the industry in Indonesia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 03
Upcoming dividend of Rp61.75 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indonesian dividend payers (4.1%). Lower than average of industry peers (2.8%). Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: Rp53.00 (up from Rp48.71 in 1Q 2021). Revenue: Rp1.00t (up 11% from 1Q 2021). Net income: Rp411.0b (up 9.6% from 1Q 2021). Profit margin: 41% (in line with 1Q 2021). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 39%, 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 whereas the company’s share price has increased by 9% per year. Board Change • Apr 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 7 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Independent Commissioner Dewie Pelitawati is the most experienced director on the board, commencing their role in 2014. Independent President Commissioner Kemal Stamboel was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 19% share price gain to Rp3,640, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 10x in the Banks industry in Indonesia. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp4,775 per share. Major Estimate Revision • Feb 18
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from Rp5.02b to Rp4.83b. EPS estimate also fell from Rp251 per share to Rp221 per share. Net income forecast to grow 16% next year vs 16% growth forecast for Banks industry in Indonesia. Consensus price target broadly unchanged at Rp4,253. Share price fell 2.1% to Rp3,700 over the past week. Reported Earnings • Feb 15
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: Rp190 (up from Rp111 in FY 2020). Revenue: Rp3.58t (up 32% from FY 2020). Net income: Rp1.47t (up 71% from FY 2020). Profit margin: 41% (up from 31% in FY 2020). The increase in margin was driven by higher revenue. Non-performing loans: 2.37% (up from 1.91% in FY 2020). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 41%, compared to a 54% 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 21% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Feb 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.8%. The fair value is estimated to be Rp4,593, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.9% per annum over the last 3 years. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS Rp42.07 (vs Rp12.97 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: Rp818.3b (up 61% from 3Q 2020). Net income: Rp326.3b (up 227% from 3Q 2020). Profit margin: 40% (up from 20% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 01
Price target increased to Rp4,053 Up from Rp3,721, the current price target is an average from 8 analysts. New target price is 6.4% above last closing price of Rp3,810. Stock is up 0.5% over the past year. The company is forecast to post earnings per share of Rp189 for next year compared to Rp111 last year. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 17% share price gain to Rp3,110, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Banks industry in Indonesia. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp3,581 per share. Reported Earnings • Jul 31
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp931.4b (up 173% from 2Q 2020). Net income: Rp394.8b (up Rp390.4b from 2Q 2020). Profit margin: 42% (up from 1.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Price Target Changed • Jul 29
Price target decreased to Rp3,702 Down from Rp3,982, the current price target is an average from 9 analysts. New target price is 61% above last closing price of Rp2,300. Stock is down 33% over the past year. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp2,660, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Banks industry in Indonesia. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Rp3,927 per share. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS Rp49.00 (vs Rp52.24 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: Rp901.0b (down 5.9% from 1Q 2020). Net income: Rp375.1b (down 6.7% from 1Q 2020). Profit margin: 42% (in line with 1Q 2020). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 17% share price gain to Rp3,970, the stock is trading at a trailing P/E ratio of 35.8x, up from the previous P/E ratio of 30.5x. This compares to an average P/E of 34x in the Banks industry in Indonesia. Total return to shareholders over the past year is a loss of 6.3%. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 7.5%. Over the next year, revenue is forecast to grow 66%, compared to a 45% growth forecast for the Banks industry in Indonesia. Reported Earnings • Feb 11
Full year 2020 earnings released: EPS Rp111 (vs Rp182 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp2.71t (down 26% from FY 2019). Net income: Rp854.6b (down 39% from FY 2019). Profit margin: 32% (down from 38% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Jan 25
New 90-day low: Rp3,470 The company is down 6.0% from its price of Rp3,700 on 27 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp2,997 per share. Price Target Changed • Nov 27
Price target raised to Rp4,046 Up from Rp3,729, the current price target is an average from 11 analysts. The new target price is 5.2% below the current share price of Rp4,270. As of last close, the stock is up 7.8% over the past year. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 16% share price gain to Rp4,300, the stock is trading at a trailing P/E ratio of 35.6x, up from the previous P/E ratio of 30.7x. This compares to an average P/E of 21x in the Banks industry in Indonesia. Total returns to shareholders over the past year are 9.9%. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of Rp929.8b, down 25% from the prior year. Total revenue was Rp2.81t over the last 12 months, down 17% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day high: Rp4,050 The company is up 27% from its price of Rp3,190 on 24 July 2020. The Indonesian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Rp1,855 per share.