PT Bank Sinarmas Tbk (BSIM) Fair Value & Analysis
Financial Services · ID · Market cap 13.8T IDR
Fair value as of: Jul 17, 2026
From 4 valuation models · updated 23 days ago
Share price +2.2% over the past month.
Below-average quality, and screening another 73% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (235.51 IDR). The favourable scenario is already priced in.
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range 530.00 IDR – 1,710 IDR · fair‑value band 141.31 IDR – 235.51 IDR · the 705.00 IDR price screens above the 188.41 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
PT Bank Sinarmas Tbk (BSIM) currently trades at 705.00 IDR, while our model-based Fair Value estimate is 188.41 IDR, implying the stock looks roughly 73.3% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, PT Bank Sinarmas Tbk generated revenue of 2.9T IDR at a net margin of 9.9%. Revenue declined 19.0% year over year. It earns a return on equity of 3.6%. The balance sheet holds a net cash position of 8.6T IDR. Fundamentals as of Jul 17, 2026
Our scenario range runs from 141.31 IDR (bear case) to 235.51 IDR (bull case); at 705.00 IDR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 60% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -73%, BSIM screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 4 models by family
Widest divergence: Economic Profit (320.45 IDR) versus Multiples (188.41 IDR). Highest evidence: P/E Multiple (63).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 23
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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. The company also provides unsecured, car ownership, multipurpose, working capital, investment loans, as well as simas cash fund, expansion of collateral, back-to-back credit, micro and business credit, and palm oil farmers loan; inward documentary collection, issuance, amendment, advising, outward documentary collection, discount export document, and negotiation export document; and treasury services comprising telegraphic transfer, bank notes, FX hedging, and ODA for G7. In addition, it offers insurance products; other services, such as safe deposit box, travelers cheque, simas holiday, payroll, bill payment, and giro biller insurance products; internet, mobile, and phone banking; and debit card and credit card. Further, the company is involved in investments in securities and money markets; financing; issuance of debt; and trade financing activities. The company was formerly known as PT Bank Shinta Indonesia and changed its name to PT Bank Sinarmas Tbk in January 2007. PT Bank Sinarmas Tbk was founded in 1989 and is headquartered in Jakarta, Indonesia. PT Bank Sinarmas Tbk operates as a subsidiary of PT Sinar Mas Multiartha Tbk.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Bank Sinarmas Tbk reported revenue of 4.0T IDR in FY2025 versus 4.0T IDR in FY2021, a compound −0.1%/yr. Reported net income was 286B IDR in FY2025, compounding +22.3%/yr from FY2021.
BSIM screens 73% overvalued. Compare with KB Financial Group →
Peer Group
Banks - Regional · 1083 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Banks - Regional median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Bank Central Asia Tbk BBCA | 6,175 IDR | 6,087 IDR | -1% |
| KB Financial Group 105560 | 184,400 KRW | 213,797 KRW | +16% |
| PT Bank Rakyat Indonesia (Persero) Tbk BBRI | 2,970 IDR | 4,891 IDR | +65% |
| PT Bank Mandiri (Persero) Tbk BMRI | 4,310 IDR | 7,841 IDR | +82% |
| Banco Bradesco S.A BBD | 5,120 ARS | 10,240 ARS | +100% |
| Shinhan Financial Group 055550 | 107,900 KRW | 137,259 KRW | +27% |
| Hana Financial Group 086790 | 136,800 KRW | 193,969 KRW | +42% |
| Lloyds Banking Group LYG | 4,138 ARS | 8,275 ARS | +100% |
| Banco de Chile, CHILE | 193.10 CLP | 152.55 CLP | -21% |
| Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB | 59,400 VND | 84,201 VND | +42% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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