PT Bank Mandiri (Persero) Tbk (PPERY)
OTHER OTC:PPERY
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PT Bank Mandiri (Persero) Tbk
(OTC:PPERY)
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Rating:65Neutral
Price Target:
$9.00
â–¼(-20.63% Downside)
Action:Downgraded
Date:04/28/26
The score is primarily supported by strong profitability/ROE and an attractive valuation (low P/E with a dividend), but is meaningfully weighed down by weak technical signals (below major moving averages with negative MACD) and concerns about cash-flow durability given recent free-cash-flow deterioration and historical volatility.
Positive Factors
High Profitability / ROE
Sustained high net margin and ~20% ROE indicate strong core banking economics and efficient operations. This level of profitability supports internal capital generation, the ability to absorb credit shocks, maintain shareholder returns, and fund strategic investments over the medium term.
Negative Factors
Volatile Cash Generation
Material FCF decline and a history of inconsistent operating cash conversion weaken funding reliability. Volatile cash flows limit the bank's ability to consistently fund dividends, buy back capital, or self-finance growth, increasing reliance on external funding in adverse periods.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability / ROE
Sustained high net margin and ~20% ROE indicate strong core banking economics and efficient operations. This level of profitability supports internal capital generation, the ability to absorb credit shocks, maintain shareholder returns, and fund strategic investments over the medium term.
Read all positive factors
PT Bank Mandiri (Persero) Tbk (PPERY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.75B
Dividend Yield9.11%
Average Volume (3M)7.95K
Price to Earnings (P/E)6.1
Beta (1Y)0.32
Revenue Growth-2.96%
EPS Growth0.11%
CountryUS
Employees38,731
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)25156.80
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 Cap24.25K
Enterprise Value/Revenue2.42
Enterprise Value/Gross Profit4.39
Enterprise Value/Ebitda5.78
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.43
Revenue Forecast (FY)$9.26B
PT Bank Mandiri (Persero) Tbk Business Overview & Revenue Model
Company Description
PT Bank Mandiri (Persero) Tbk is a leading financial services provider delivering a broad spectrum of banking products and solutions to both individual and corporate clients. Its extensive geographic footprint includes Indonesia, Singapore, Hong K...
How the Company Makes Money
Bank Mandiri primarily earns money from (1) net interest income—interest generated from loans and other earning assets (such as interbank placements and investment securities) minus interest paid on funding sources (including demand deposits, savi...
PT Bank Mandiri (Persero) Tbk Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
52
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 | 82.93T | 81.67T | 0.00 | 79.25T | 60.89T | 41.92T |
| Net Income | 58.84T | 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> | 0.00 | 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 | 40.13T | 96.01T | -88.10T | -10.00T> | -10.00T> | -20.07T |
| Operating Cash Flow | 45.47T | 10.00T> | -79.56T | -10.00T> | -10.00T> | -17.79T |
| Investing Cash Flow | -10.00T> | -10.00T> | 17.73T | 16.01T | -41.89T | -10.00T> |
| Financing Cash Flow | 10.00T> | 10.00T> | 57.85T | 10.00T> | 10.00T> | 10.00T> |
PT Bank Mandiri (Persero) Tbk Technical Analysis
Negative
11.34
Price Trends
9.73
Negative
10.37
Negative
10.40
Negative
Market Momentum
-0.25
Positive
30.96
Neutral
-0.07
Positive
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 11.34 is above the 20-day moving average (MA) of 9.27, above the 50-day MA of 9.73, and above the 200-day MA of 10.40, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 30.96 is Neutral, neither overbought nor oversold. The STOCH value of -0.07 is Positive, 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | $39.29B | 10.75 | 10.54% | 2.79% | 1.35% | 7.91% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $19.75B | 6.12 | 20.54% | 9.11% | -2.96% | 0.11% | |
62 Neutral | $32.06B | 10.05 | 9.08% | 2.86% | 1.72% | 13.27% | |
62 Neutral | $14.63B | 7.63 | 9.33% | 3.71% | 7.90% | 8.29% | |
58 Neutral | $19.34B | 15.44 | 11.11% | 4.98% | 17.17% | -1.33% | |
53 Neutral | $33.23B | 9.11 | 13.55% | 2.48% | 27.54% | 28.12% |
* Financial Sector Average
PPERY
PT Bank Mandiri (Persero) Tbk
8.53
-3.00
-26.05%
BBD
Banco Bradesco SA
3.36
0.64
23.67%
BSBR
Banco Santander Brasil
5.24
0.37
7.58%
KB
Kb Financial Group
107.91
26.65
32.80%
SHG
Shinhan Financial Group Co
67.17
22.89
51.69%
WF
Woori Finance Holdings Co
60.57
15.34
33.92%
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.