Financials PT Bank Mandiri (Persero) Tbk

Equities

BMRI

ID1000095003

Banks

End-of-day quote INDONESIA S.E. 06:00:00 2024-07-04 pm EDT 5-day change 1st Jan Change
6,425 IDR +2.80% Intraday chart for PT Bank Mandiri (Persero) Tbk +7.08% +6.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 358,166,667 294,942,762 327,584,648 463,166,667 564,666,667 583,333,333 - -
Enterprise Value (EV) 1 358,166,667 294,942,762 327,584,648 463,166,667 564,666,667 583,333,333 583,333,333 583,333,333
P/E ratio 13 x 17.2 x 11.7 x 11.2 x 10.3 x 10.3 x 9.29 x 8.38 x
Yield 4.6% 3.48% 5.13% 3.63% - 5.68% 6.1% 6.75%
Capitalization / Revenue 4.02 x 3.4 x 3.05 x 3.79 x 4.14 x 3.93 x 3.58 x 3.26 x
EV / Revenue 4.02 x 3.4 x 3.05 x 3.79 x 4.14 x 3.93 x 3.58 x 3.26 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.75 x 1.56 x 1.6 x 2.02 x 2.16 x 2.06 x 1.84 x 1.68 x
Nbr of stocks (in thousands) 93,333,333 93,262,533 93,262,533 93,333,333 93,333,333 93,333,333 - -
Reference price 2 3,838 3,162 3,512 4,962 6,050 6,250 6,250 6,250
Announcement Date 1/27/20 1/28/21 1/28/22 2/14/23 1/31/24 - - -
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 89,106 86,768 107,245 122,184 136,409 148,269 162,960 178,806
EBITDA - - - - - - - -
EBIT 1 48,524 45,880 57,706 68,924 82,542 93,525 103,986 115,300
Operating Margin 54.46% 52.88% 53.81% 56.41% 60.51% 63.08% 63.81% 64.48%
Earnings before Tax (EBT) 1 36,441 23,298 38,358 56,378 74,685 77,892 87,369 97,152
Net income 1 27,482 17,119 28,028 41,171 55,060 56,923 63,550 70,706
Net margin 30.84% 19.73% 26.13% 33.7% 40.36% 38.39% 39% 39.54%
EPS 2 294.4 183.5 300.5 441.3 589.9 604.2 673.0 745.9
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 176.7 110.1 180.3 180.3 - 355.0 381.0 421.6
Announcement Date 1/27/20 1/28/21 1/28/22 2/14/23 1/31/24 - - -
1IDR in Billions2IDR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 31,864 29,712 25,933 - 31,391 - 32,674 33,918 - 34,115 35,703 33,704 35,499 37,299 38,422 37,499 -
EBITDA - - - - - - - - - - - - - - - - -
EBIT 14,572 - 14,035 35,472 18,571 17,763 20,398 21,640 - 20,216 20,288 21,429 - - - - -
Operating Margin 45.73% - 54.12% - 59.16% - 62.43% 63.8% - 59.26% 56.82% 63.58% - - - - -
Earnings before Tax (EBT) 10,948 - 14,052 - - - 17,256 17,183 - 18,772 21,473 17,603 - - - - -
Net income 8,799 - 10,178 20,209 - 10,518 12,560 12,672 25,232 13,832 15,997 12,702 - - - - -
Net margin 27.61% - 39.25% - - - 38.44% 37.36% - 40.54% 44.8% 37.69% - - - - -
EPS 2 - - - - - - - 91.31 - 58.08 171.4 136.1 135.7 140.8 158.4 - -
Dividend per Share 2 180.3 - - - - 180.3 - - - - - - - - - 356.0 -
Announcement Date 1/28/22 4/28/22 8/8/22 8/8/22 10/27/22 2/14/23 4/18/23 7/31/23 7/31/23 10/30/23 1/31/24 4/30/24 - - - - -
1IDR in Billions2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 14.2% 9.16% 16.2% 19% 22.4% 20.6% 20.7% 20.9%
ROA (Net income/ Total Assets) 2.18% 1.25% 2.53% 2.21% 2.64% 2.56% 2.59% 2.61%
Assets 1 1,260,249 1,373,794 1,107,832 1,859,055 2,083,399 2,226,169 2,453,825 2,712,917
Book Value Per Share 2 2,192 2,028 2,195 2,462 2,795 3,036 3,395 3,721
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/27/20 1/28/21 1/28/22 2/14/23 1/31/24 - - -
1IDR in Billions2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
24
Last Close Price
6,250 IDR
Average target price
7,359 IDR
Spread / Average Target
+17.74%
Consensus
  1. Stock Market
  2. Equities
  3. BMRI Stock
  4. Financials PT Bank Mandiri (Persero) Tbk