PT Bank Sinarmas Tbk

Rp 755.00As of Sun 8 Nov 2026, 12:00 UTC

IDX:BSIMFinancials

Country Indonesia

PE (Fwd) •••

TSR 10Y CAGR (1.40%)

Div yield —

ROTE 3.25%

Banks (Regional)

Beta (5Y) 0.66

PE TTM 55.02

TSR TTM (13.71%)

Mkt cap Rp 14.89T

NIM —

SE Grade™

Value

Quality

Moat

Consensus

Reference

Rp 762

0.88%

(73.76%)

Hold 5|2|11|8|4

TTM

FYE 31 Dec IDR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

1,398

RevenueRp B

3,250

3,231

3,212

3,202

3,235

3,288

3,320

3,364

3,336

3,419

1,532

1.11%

0.90%

28.12

Revenue growth%

4.17

4.52

3.44

2.82

4.31

1.91

0.87

0.40

1.78

0.99

22.55

0.99

2.37

13.02

NIM%

23.66

25.83

28.48

29.76

31.07

30.91

31.95

33.31

35.62

33.88

14.02

33.31

30.99

21.43

Effic. R.%

2.87

4.15

1.21

3.15

5.04

4.49

6.31

6.89

7.11

9.74

19.82

6.89

4.76

9.03

Net margin%

6.92

9.06

10.76

13.45

12.77

15.36

17.04

15.86

13.39

15.36

23.78

15.36

13.42

18.64

P/E ratio (avg)x

8.852

8.783

9.729

9.272

9.996

10.25

11.03

10.34

10.20

11.02

21.12

10.34

10.10

6.413

P/TBVx

39.52

40.49

38.37

42.40

49.28

52.60

53.80

57.79

64.21

69.95

13.96

57.79

50.94

23.08

P/Bx

10.85

11.36

10.74

11.01

10.86

10.38

10.44

9.880

9.669

9.856

8.226

9.880

10.59

2,354

NIIRp B

2,120

2,103

2,090

2,067

2,126

2,142

2,143

2,213

2,193

2,234

2,542

1.00%

0.93%

—

16.52

NII grth%

20.73

19.65

21.23

22.52

23.04

23.09

20.92

21.91

20.44

22.02

5.43

21.91

21.57

9.69

ROTE%

16.47

15.67

12.70

13.97

14.94

12.15

10.61

9.94

8.59

6.30

25.65

9.94

12.43

21.46

Return on equity%

12.42

12.95

13.60

11.36

10.84

13.40

13.83

14.62

14.64

13.92

6.68

13.92

13.50

25.88

Return on assets%

12.65

12.95

10.71

8.43

7.37

4.45

6.49

8.52

9.44

12.36

14.92

8.52

8.98

15.89

EPSRp

66.86

68.78

65.34

65.16

74.98

82.78

94.73

98.13

95.16

103.02

17.44

6.56%

4.97%

—

13.77

EPS growth%

0.40

1.03

0.40

2.46

4.42

2.88

5.29

26.94

2.88

0.72

25.32

Bookvalue per shRp

54.90

59.35

55.78

60.97

64.00

58.98

54.49

59.43

65.19

73.01

74.10

2.67%

4.11%

—

60.42

TBV/shRp

63.68

55.18

51.43

44.56

48.63

46.76

40.05

36.69

39.45

40.04

(2.41%)

(4.88%)

—

49.72

Dividend per shRp

55.17

53.19

48.43

51.79

47.91

53.88

56.40

52.60

50.92

47.98

79.47

0.03%

(1.57%)

—

22.01

Div yield (avg)%

32.23

34.94

35.53

37.80

37.16

36.73

34.12

32.99

33.08

31.15

7.60

33.08

34.53

18.05

Payout ratio%

13.27

13.25

13.19

10.92

9.21

6.42

4.48

7.19

9.81

9.00

23.26

7.19

9.51

19.14

Shares (diluted)B

18.19

17.94

18.09

17.37

17.33

17.48

16.25

14.36

15.70

13.61

19.93

(4.71%)

(2.26%)

12.46

Buyback yield%

20.83

19.33

17.80

19.22

21.14

22.79

25.25

27.43

25.91

28.36

18.12

25.91

21.96

73.67

Eq/Assets%

162.28

156.27

150.09

164.73

169.90

175.43

168.11

161.38

185.14

201.87

70.48

175.43

166.42

1,618

AssetsRp B

8,138

8,893

9,312

9,992

11,284

12,212

12,998

14,097

15,911

17,221

1,396

8.82%

8.41%

2,684

LT debtRp B

3,393

3,444

3,855

4,047

3,784

4,235

4,083

4,003

4,492

5,069

525.7

6.02%

4.03%

Peers (US$822.3M)

Cap (US$)

PT Bank Pan Indonesia…

964.0M

6.258x

PT Bank Tabungan…

713.2M

3.088x

PT Bank Maybank…

690.5M

7.694x

River City Bank

817.8M

9.449x

Capital

TTM

10Y

Tang eq%

187.89

20.69

22.81

LT debt%

165.89

29.44

34.10

Cash%

81.26

14.99

15.12

Sh yield%

34.46

59.51

58.65

Owners

Insiders/Inst%

1.39

69.80

Short interest%

0.53

SBC / revenue%

1.60

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

11–15

$1 testx

1.2

Incr. ROIC%

—

PT Bank Sinarmas Tbk provides various banking products and services in Indonesia. The company operates through Marketing and Credit, Treasury, and Trade Finance segments. It offers savings, time and on-call deposits, and current accounts; mutual funds; bancassurance products; and mutual funds investment and guarantees services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

Rp 17.22T

8.41%

2.05×

Revenue

Rp 3.419T

0.90%

1.00×

Non-interest expense

Rp 1.614T

1.10%

1.02×