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PT Bank Mandiri (Persero) Tbk
(OTC:PPERY)
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Rating:67Neutral
Price Target:
$10.00
â–²(8.58% Upside)
Action:Reiterated
Date:07/31/26
The score is led by attractive valuation (low P/E and high dividend yield) and solid profitability, but is held back by weakening top-line performance, higher leverage versus recent years, volatile/weaker cash flow versus 2025, and a technically weak price trend (trading below key moving averages).
Positive Factors
Profitability & ROE
Sustained high margins and ROE indicate the bank converts earning assets into profit efficiently. This durable profitability supports internal capital generation for dividends, provisioning and reinvestment, and provides a buffer versus moderate top-line pressures over the next several months.
Negative Factors
Revenue contraction
A notable TTM revenue decline undermines the sustainability of current margins and raises concern about top-line momentum. If revenue weakness persists, margin maintenance and future earnings growth will rely more on cost cuts or non-recurring items, increasing execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & ROE
Sustained high margins and ROE indicate the bank converts earning assets into profit efficiently. This durable profitability supports internal capital generation for dividends, provisioning and reinvestment, and provides a buffer versus moderate top-line pressures over the next several months.
Read all positive factors
PT Bank Mandiri (Persero) Tbk (PPERY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.64B
Dividend Yield9.06%
Average Volume (3M)7.95K
Price to Earnings (P/E)6.3
Beta (1Y)0.36
Revenue Growth-9.27%
EPS Growth10.54%
CountryUS
Employees38,751
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)26778.80
Shares Outstanding2,333,333,300
10 Day Avg. Volume6,724
30 Day Avg. Volume7,946
Financial Highlights & Ratios
PEG Ratio4.67
Price to Book (P/B)1.63
Price to Sales (P/S)2.33
P/FCF Ratio4.99
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.37
Revenue Forecast (FY)$8.35B
PT Bank Mandiri (Persero) Tbk Business Overview & Revenue Model
Company Description
PT Bank Mandiri (Persero) Tbk engages in providing general banking services. It operates through the following segments: Corporate Banking, Commercial Banking, Institutional Banking, Retail Banking, and Treasury and International Banking. It opera...
How the Company Makes Money
Bank Mandiri primarily makes money through (1) net interest income and (2) non-interest (fee-based) income, supplemented by treasury/market activities and contributions from subsidiaries where applicable.
1) Net interest income (core banking spre...
PT Bank Mandiri (Persero) Tbk Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 99.50T |
| Gross Profit | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 99.50T |
| EBITDA | 86.32T | 81.67T | 81.07T | 79.25T | 60.89T | 41.92T |
| Net Income | 62.61T | 56.78T | 55.78T | 55.06T | 41.17T | 28.03T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Debt | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 94.43T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
Cash Flow | ||||||
| Free Cash Flow | 37.71T | 96.01T | -88.10T | -10.00T> | -10.00T> | -20.07T |
| Operating Cash Flow | 42.72T | 10.00T> | -79.56T | -10.00T> | -10.00T> | -17.79T |
| Investing Cash Flow | -10.00T> | 787.69B | 17.73T | 16.01T | -41.89T | -10.00T> |
| Financing Cash Flow | 10.00T> | -74.63T | 57.85T | 10.00T> | 10.00T> | 10.00T> |
PT Bank Mandiri (Persero) Tbk Technical Analysis
Negative
9.21
Price Trends
9.27
Positive
9.67
Negative
10.25
Negative
Market Momentum
0.13
Negative
46.66
Neutral
53.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PPERY, the sentiment is Negative. The current price of 9.21 is below the 20-day moving average (MA) of 9.35, below the 50-day MA of 9.27, and below the 200-day MA of 10.25, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 46.66 is Neutral, neither overbought nor oversold. The STOCH value of 53.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PPERY.
PT Bank Mandiri (Persero) Tbk Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $31.99B | 9.03 | 9.41% | 2.62% | 35.45% | 15.25% | |
71 Outperform | $16.50B | 7.77 | 9.60% | 4.34% | 30.88% | 10.24% | |
68 Neutral | $39.14B | 9.87 | 10.83% | 2.67% | 34.27% | 11.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $21.64B | 6.28 | 21.38% | 9.17% | -9.27% | 10.54% | |
62 Neutral | $18.63B | 33.67 | 11.11% | 5.10% | 17.17% | -1.33% | |
53 Neutral | $35.74B | 9.11 | 13.55% | 7.75% | 28.16% | 28.12% |
* Financial Sector Average
PPERY
PT Bank Mandiri (Persero) Tbk
9.31
-1.11
-10.63%
BBD
Banco Bradesco SA
3.61
0.95
35.71%
BSBR
Banco Santander Brasil
5.67
1.13
24.89%
KB
Kb Financial Group
117.82
39.04
49.56%
SHG
Shinhan Financial Group Co
69.93
21.77
45.20%
WF
Woori Finance Holdings Co
68.93
16.73
32.05%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.