` Comparison: PBNNF vs BBCA - Alpha Spread

PBNNF
vs
BBCA

Over the past 12 months, PBNNF has underperformed BBCA, delivering a return of -37% compared to the BBCA's 16% drop.

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PBNNF
BBCA
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Valuation Comparison

PBNNF Intrinsic Value
0.3055 USD
Undervaluation 35%
Intrinsic Value
Price
BBCA Intrinsic Value
7 224.08 IDR
Overvaluation 6%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Bank Negara Indonesia (Persero) Tbk PT
OTC:PBNNF
0.1985 USD
Bank Central Asia Tbk PT
IDX:BBCA
7 675 IDR
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
PBNNF, BBCA

PBNNF
BBCA
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Bank Negara Indonesia (Persero) Tbk PT
Revenue
Bank Central Asia Tbk PT
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
PBNNF, BBCA

PBNNF
BBCA
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Bank Negara Indonesia (Persero) Tbk PT
OTC:PBNNF
FCF is not applicable for financial companies
Bank Central Asia Tbk PT
IDX:BBCA
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

PBNNF
BBCA
LTM 3Y Avg 5Y Avg 10Y Avg
Bank Negara Indonesia (Persero) Tbk PT
Not applicable for financial companies
Bank Central Asia Tbk PT
Not applicable for financial companies

Operating Margin

PBNNF
BBCA
LTM 3Y Avg 5Y Avg 10Y Avg
Bank Negara Indonesia (Persero) Tbk PT
Not applicable for financial companies
Bank Central Asia Tbk PT
Not applicable for financial companies

Net Margin

PBNNF
29.4%
BBCA
51.4%

FCF Margin

PBNNF
BBCA
LTM 3Y Avg 5Y Avg 10Y Avg
Bank Negara Indonesia (Persero) Tbk PT
Not applicable for financial companies
Bank Central Asia Tbk PT
Not applicable for financial companies

ROE

PBNNF
12%
BBCA
21.1%

ROA

PBNNF
1.6%
BBCA
3.8%

ROIC

PBNNF
BBCA
LTM 3Y Avg 5Y Avg 10Y Avg
Bank Negara Indonesia (Persero) Tbk PT
Not applicable for financial companies
Bank Central Asia Tbk PT
Not applicable for financial companies

ROCE

PBNNF
BBCA
LTM 3Y Avg 5Y Avg 10Y Avg
Bank Negara Indonesia (Persero) Tbk PT
Not applicable for financial companies
Bank Central Asia Tbk PT
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
PBNNF, BBCA

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Performance Gap
PBNNF, BBCA

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PBNNF
BBCA
Difference
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Performance By Year
PBNNF, BBCA

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PBNNF
BBCA
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