Pt Bank Syariah Indonesia Persero Tbk

The company maintains a conservative capital structure with a debt-to-equity ratio of 0.05, indicating minimal reliance on long-term debt relative to equity. Total equity stands at IDR 51.95 trillion, supporting total assets of IDR 456.19 trillion. The balance sheet reflects total liabilities of IDR 404.24 trillion, primarily composed of customer deposits and other banking liabilities rather than traditional corporate debt. Long-term debt is recorded at IDR 2.71 trillion, which is negligible compared to the equity base. The current ratio is not explicitly provided, but the low debt-to-equity metric suggests strong solvency. However, the risk assessment flags medium liquidity risk, noting that net cash is negative after subtracting total debt, which is a common characteristic for banks where cash is deployed into loans and investments rather than held as idle reserves.

Profitability metrics demonstrate solid returns for a banking entity. The return on equity (ROE) is 13.82%, and the return on assets (ROA) is 1.57%. These figures indicate efficient use of capital and assets to generate net income of IDR 7.57 trillion. The company’s revenue is IDR 19.13 trillion, resulting in a net profit margin of approximately 39.6%. While cohort medians are not provided for direct comparison, an ROE of 13.82% is generally considered healthy for the banking sector, suggesting effective management of its equity base. The price-to-earnings ratio of 11.15 and price-to-book ratio of 1.54 suggest the market values the company at a moderate premium to its book value, reflecting confidence in its earnings power.

Revenue concentration and geographic exposure are not detailed in the available segment or geography data. As a commercial bank, revenue is likely derived from a diversified mix of financing, investment, and fee-based services. Without specific segment breakdowns, it is assumed that the company serves a broad customer base across various economic sectors. The lack of disclosed segment data prevents a detailed analysis of revenue concentration risks, but the diversified nature of banking activities typically mitigates reliance on any single revenue stream.

Growth trajectory analysis is limited due to the absence of historical period data. The current financial snapshot provides a single-period view of revenue and net income. Without multi-year or quarterly historical data, it is not possible to assess revenue growth rates, earnings consistency, or trends in profitability. The current revenue of IDR 19.13 trillion and net income of IDR 7.57 trillion serve as the baseline for future performance evaluation.

Risk factors include medium liquidity risk and low dilution risk. The key flag indicates that net cash is negative after subtracting total debt, which is a structural feature of banking operations rather than a distress signal. The low dilution risk suggests that the company is not actively issuing new shares, preserving existing shareholder value. The shares outstanding remain constant at 46.13 billion for both basic and diluted measures, confirming no immediate dilution from options or convertible securities.

Recent events and market sentiment are reflected in analyst estimates. The mean price target is IDR 2,915.42, with a median of IDR 2,900.00, indicating significant upside potential from the current market price of IDR 1,735.00. The mean recommendation is 1.58, leaning towards a strong buy, with 5 strong-buy and 7 buy ratings, and no hold ratings. This consensus suggests that analysts view the company as undervalued and expect positive future performance. The high price target of IDR 3,300.00 and low of IDR 2,150.00 provide a range for potential price movement.

Net income surged 25.7% CAGR over four years, demonstrating robust profitability growth for the bank.

Analysts project 83.1% upside to a mean price target of 3,177 IDR, signaling strong market confidence.

Total assets grew at a 14.5% CAGR, indicating substantial balance sheet expansion over the period.

Liquidity risk is rated as medium, suggesting potential challenges in meeting short-term obligations.

Free cash flow declined 15.1% year-over-year in the latest period, indicating reduced cash generation.

Long-term debt increased to 1.18 trillion IDR in FY2025, reflecting higher leverage compared to prior years.

Capex to revenue ratio sits in the bottom quartile, potentially limiting future growth capacity.

Revenue IDR 19.13T, +9,9% YoY; Net income +8,0% YoY.

• ▍Revenue IDR 19.13T, +9,9% YoY
• ▍Net income +8,0% YoY
• ▍Free cash flow +57,5% YoY
• ▍Net margin 39.6%

Revenue IDR 17.41T, +7,1% YoY; Net income +22,8% YoY.

• ▍Revenue IDR 17.41T, +7,1% YoY
• ▍Net income +22,8% YoY
• ▍Free cash flow −23,4% YoY
• ▍Net margin 40.2%

Revenue IDR 16.26T, +4,3% YoY; Net income +33,9% YoY.

• ▍Revenue IDR 16.26T, +4,3% YoY
• ▍Net income +33,9% YoY
• ▍Free cash flow +98,7% YoY
• ▍Net margin 35.1%

Revenue IDR 15.59T, +16,1% YoY; Net income +40,7% YoY.

• ▍Revenue IDR 15.59T, +16,1% YoY
• ▍Net income +40,7% YoY
• ▍Free cash flow −24,1% YoY
• ▍Net margin 27.3%

Revenue IDR 13.43T; Net margin 22.5%.

• ▍Revenue IDR 13.43T
• ▍Net margin 22.5%