Financials PT Asuransi Bintang Tbk

Equities

ASBI

ID1000058506

Property & Casualty Insurance

End-of-day quote INDONESIA S.E. 23:00:00 02/05/2024 BST 5-day change 1st Jan Change
850 IDR +3.66% Intraday chart for PT Asuransi Bintang Tbk 0.00% +21.43%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 87,097 107,303 108,000 102,426 188,129 243,871
Enterprise Value (EV) 1 64,988 83,196 81,952 83,799 162,031 229,213
P/E ratio 6.25 x 13.4 x 4.57 x 6.23 x 36.7 x 42 x
Yield - - 3.23% 1.94% 0.93% -
Capitalization / Revenue 0.32 x 0.41 x 0.45 x 0.47 x 0.81 x 1.28 x
EV / Revenue 0.24 x 0.32 x 0.34 x 0.38 x 0.7 x 1.2 x
EV / EBITDA 4.54 x 7.79 x -9.86 x -9.77 x -71.1 x -7.69 x
EV / FCF 11.9 x 12.7 x 8.89 x 1.49 x 227 x -27.7 x
FCF Yield 8.42% 7.87% 11.3% 67.1% 0.44% -3.61%
Price to Book 0.31 x 0.37 x 0.34 x 0.29 x 0.51 x 0.63 x
Nbr of stocks (in thousands) 348,386 348,386 348,386 348,386 348,386 348,386
Reference price 2 250.0 308.0 310.0 294.0 540.0 700.0
Announcement Date 29/03/19 13/04/20 31/03/21 01/04/22 01/04/23 29/03/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 274,371 262,411 240,929 217,843 232,743 190,531
EBITDA 1 14,321 10,675 -8,312 -8,581 -2,279 -29,820
EBIT 1 8,908 3,889 -13,564 -13,708 -7,164 -33,392
Operating Margin 3.25% 1.48% -5.63% -6.29% -3.08% -17.53%
Earnings before Tax (EBT) 1 15,263 7,987 18,674 12,358 6,021 6,818
Net income 1 13,929 8,004 23,658 16,445 5,133 5,811
Net margin 5.08% 3.05% 9.82% 7.55% 2.21% 3.05%
EPS 2 39.98 22.97 67.91 47.20 14.73 16.68
Free Cash Flow 1 5,471 6,546 9,221 56,218 714.8 -8,263
FCF margin 1.99% 2.49% 3.83% 25.81% 0.31% -4.34%
FCF Conversion (EBITDA) 38.2% 61.32% - - - -
FCF Conversion (Net income) 39.27% 81.78% 38.98% 341.86% 13.93% -
Dividend per Share - - 10.00 5.700 5.000 -
Announcement Date 29/03/19 13/04/20 31/03/21 01/04/22 01/04/23 29/03/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 22,109 24,107 26,047 18,626 26,098 14,658
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 5,471 6,546 9,221 56,218 715 -8,263
ROE (net income / shareholders' equity) 5.08% 2.8% 7.82% 4.92% 1.42% 1.54%
ROA (Net income/ Total Assets) 0.69% 0.28% -0.98% -0.94% -0.46% -2.13%
Assets 1 2,017,540 2,852,457 -2,413,104 -1,752,983 -1,114,558 -272,929
Book Value Per Share 2 807.0 836.0 900.0 1,021 1,059 1,112
Cash Flow per Share 2 68.80 73.00 77.00 55.10 78.20 46.50
Capex 1 4,374 7,765 1,878 4,398 4,328 7,225
Capex / Sales 1.59% 2.96% 0.78% 2.02% 1.86% 3.79%
Announcement Date 29/03/19 13/04/20 31/03/21 01/04/22 01/04/23 29/03/24
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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