Risk factor
Poor trading liquidity
Profitability factor
Undervalued vs peers
About
PT Bank BTPN Tbk provides various banking products and services primarily in Indonesia. It operates through five segments: Retail; Micro, Small & Medium Enterprises; Funding and Treasury; Corporate; and Sharia. The company offers savings and current account; term, flexi, and time deposits; and working capital and investment, bilateral and syndication, term, demand, green, pension, active employee, and student Loan; sustainability linked loan project/structured financing, overdraft, asset-based and rural bank financing, and supply chain financing; and credit cards. It also provides bancassurance and investment products, such as mutual fund and government bonds; Sharia banking services; import LC issuance/ import bill negotiation, export LC advising/confirmation/export bill collection, documentary collection, trust receipt/trade loan, structured trade finance, receivable purchase, and bank guarantee services; and liquidity management, internet and mobile banking, and collections payment services. In addition, the company offers treasury services, such as foreign exchange, derivatives, money market, and fixed income. As of December 31, 2021, it operated 82 branches, 349 subbranches, 224 and ATMs and TCRs. The company was founded in 1958 and is headquartered in Jakarta, Indonesia. PT Bank BTPN Tbk operates as a subsidiary of Sumitomo Mitsui Banking Corporation.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is reasonably priced on P/E, undervalued on P/RIB
Target Price
The average target price of BTPN.JK is 2250 and suggests 15% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc
