Financials PT BFI Finance Indonesia Tbk

Equities

BFIN

ID1000124001

Consumer Lending

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-07-11 pm EDT			5-day change	1st Jan Change
870 ^IDR	+2.96%		-1.14%	-27.80%

Apr. 25	PT BFI Finance Indonesia Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 23	PT BFI Finance Indonesia Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,380,055	8,380,055	17,583,151	15,787,425	18,122,457	13,084,264	-	-
Enterprise Value (EV) ¹	8,380,055	8,380,055	17,583,151	15,787,425	18,122,457	13,084,264	13,084,264	13,084,264
P/E ratio	11.7 x	11.9 x	15.5 x	8.72 x	11.1 x	7.81 x	6.69 x	5.5 x
Yield	-	2%	1.99%	-	4.56%	6.78%	7.68%	9.01%
Capitalization / Revenue	2.06 x	2.27 x	4.95 x	3.32 x	3.33 x	2.25 x	1.98 x	1.72 x
EV / Revenue	2.06 x	2.27 x	4.95 x	3.32 x	3.33 x	2.25 x	1.98 x	1.72 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.38 x	1.27 x	2.37 x	1.81 x	1.91 x	1.28 x	1.16 x	1.04 x
Nbr of stocks (in thousands)	14,964,384	14,964,384	14,964,384	14,964,384	15,039,384	15,039,384	-	-
Reference price ²	560.0	560.0	1,175	1,055	1,205	870.0	870.0	870.0
Announcement Date	2/24/20	3/12/21	2/16/22	2/14/23	2/23/24	-	-	-

¹IDR in Million²IDR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,066	3,699	3,552	4,759	5,448	5,826	6,603	7,595
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	1,371	1,928	1,846	2,606	2,811	2,947	3,342	3,991
Operating Margin	33.72%	52.12%	51.95%	54.76%	51.6%	50.58%	50.61%	52.55%
Earnings before Tax (EBT) ¹	1,092	870	1,411	2,239	2,025	2,164	2,524	3,121
Net income ¹	712	701.6	1,131	1,807	1,644	1,754	2,047	2,529
Net margin	17.51%	18.97%	31.85%	37.96%	30.17%	30.11%	31%	33.3%
EPS ²	48.00	47.00	76.00	121.0	109.0	111.4	130.1	158.3
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	11.20	23.40	-	55.00	58.98	66.77	78.42
Announcement Date	2/24/20	3/12/21	2/16/22	2/14/23	2/23/24	-	-	-

¹IDR in Billions²IDR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q3	2023 Q4
Net sales	-	-
EBITDA	-	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income ¹	327.8	467.6
Net margin	-	-
EPS	22.00	-
Dividend per Share	-	-
Announcement Date	10/25/23	2/23/24

¹IDR in Billions

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)	11.6%	11.1%	16.1%	22.3%	18%	17%	17.7%	19.5%
ROA (Net income/ Total Assets)	3.73%	4.09%	7.34%	9.62%	7.16%	6.78%	7.01%	7.76%
Assets ¹	19,112	17,145	15,418	18,783	22,959	25,874	29,208	32,608
Book Value Per Share ²	406.0	441.0	496.0	582.0	632.0	678.0	751.0	837.0
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	2/24/20	3/12/21	2/16/22	2/14/23	2/23/24	-	-	-

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

Ratings for PT BFI Finance Indonesia Tbk

Trading Rating

Investor Rating

ESG Refinitiv

D-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

870 IDR

Average target price

1,304 IDR

Spread / Average Target

+49.86%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Consumer Lending

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ORIX CORPORATION	+37.88%	26.64B
JIO FINANCIAL SERVICES LIMITED	+50.40%	26.65B
SYNCHRONY FINANCIAL	+28.55%	19.72B
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	+9.54%	13.89B
SHRIRAM FINANCE LIMITED	+36.13%	12.57B
MUTHOOT FINANCE LIMITED	+25.09%	8.88B
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED	+165.18%	8.01B

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