Bank Pan Indonesia Tbk PT

Bank Pan Indonesia Tbk PT maintains a capital structure characterized by a debt-to-equity ratio of 0.51, indicating moderate leverage relative to its equity base of IDR 54.98 trillion. The bank holds total assets of IDR 237.33 trillion against total liabilities of IDR 182.35 trillion. Liquidity risk is assessed as medium, with a key flag noting that net cash is negative after subtracting total debt, despite a reported free cash flow of IDR 1.89 trillion. Operating cash flow stands at negative IDR 1.88 trillion, suggesting potential working capital pressures or timing mismatches in cash collections versus disbursements.

Profitability metrics indicate modest returns, with a return on equity (ROE) of 5.06% and a return on assets (ROA) of 1.17%. The bank generated net income of IDR 2.75 trillion on revenue of IDR 8.94 trillion, implying a net profit margin of approximately 30.75%. Valuation multiples reflect a discounted view of the equity, with a price-to-earnings (P/E) ratio of 7.61 and a price-to-book (P/B) ratio of 0.39, trading significantly below book value. The enterprise value-to-revenue multiple is 5.59.

Revenue concentration and segment details are not explicitly provided in the available data, limiting the ability to assess specific business line contributions or geographic exposure. The analysis relies on aggregate financial figures, with no disclosed breakdown of revenue by segment or region to evaluate concentration risks or diversification benefits.

Growth trajectory analysis is constrained by the absence of historical period data in the input. Without five-year annual or eight-quarter quarterly revenue and net income trends, it is not possible to quantify recent growth rates or identify momentum shifts in the bank's top-line or bottom-line performance.

Risk factors include medium liquidity risk and low dilution risk. The negative net cash position after debt subtraction is a primary concern, highlighting potential refinancing needs or liquidity constraints. The low dilution risk suggests that share count stability is likely, with basic and diluted shares outstanding both at 24.07 billion, indicating no significant options or convertible securities impacting the equity base.

Recent events and market sentiment are reflected in analyst estimates, with a mean price target of IDR 1,130.00, representing a significant upside from the current market price of IDR 880.00. The mean recommendation is 3.00 (Hold), with one analyst issuing a Hold rating and no Strong Buy or Buy recommendations. Competitor context lists JPMorgan Chase, Bank of America, and Citigroup, though no comparative metrics are provided for these entities.

The stock trades at a significant 61% discount to book value, suggesting substantial undervaluation relative to tangible assets.

Analysts project 18.3% upside potential, with a consensus price target of IDR 1,130 versus the current market price.

Net income demonstrated a positive 5.2% compound annual growth rate over the last four fiscal years.

The company maintains a manageable debt-to-equity ratio of 0.51, indicating a conservative leverage profile compared to peers.

Revenue growth of 3.3% year-over-year indicates resilience in top-line performance despite broader economic headwinds.

Total assets contracted by 9.0% year-over-year, reflecting a shrinking balance sheet and potential business contraction.

Net income declined 7.5% year-over-year, highlighting recent profitability deterioration despite long-term growth trends.

Equity decreased by 5.0% year-over-year, eroding the capital base available for future lending and operations.

The company faces medium liquidity risk, which could constrain operational flexibility during periods of market stress.

Revenue IDR 9.95T, +4,1% YoY; Net income +47,4% YoY.

• ▍Revenue IDR 9.95T, +4,1% YoY
• ▍Net income +47,4% YoY
• ▍Free cash flow +51,3% YoY
• ▍Net margin 30.6%

Revenue IDR 9.56T; Net margin 21.6%.

• ▍Revenue IDR 9.56T
• ▍Net margin 21.6%