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:74Outperform
Price Target:
$13.50
â–²(19.05% Upside)
Action:ReiteratedDate:02/08/26
The score is driven primarily by solid fundamentals (strong 2025 growth and profitability) but tempered by higher leverage and a historically inconsistent cash-flow profile. Valuation is a major positive (low P/E and high dividend yield). Technically, the trend is supportive, though the very elevated Stoch suggests the rally may be stretched.
Positive Factors
Revenue rebound and 2025 growth
A sharp revenue rebound concentrated in 2025 indicates renewed franchise momentum across retail, SME and corporate segments. Durable top-line growth improves loan and fee bases, supports scale economies in operations and strengthens the bank's ability to invest in digital channels and product distribution.
Negative Factors
Rising leverage in 2025
A notable step-up in leverage materially increases balance-sheet sensitivity to funding stress and interest-rate moves. Over the medium term higher debt levels reduce financial flexibility, increase capital strain under shocks, and can amplify earnings volatility if asset quality weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and 2025 growth
A sharp revenue rebound concentrated in 2025 indicates renewed franchise momentum across retail, SME and corporate segments. Durable top-line growth improves loan and fee bases, supports scale economies in operations and strengthens the bank's ability to invest in digital channels and product distribution.
Read all positive factors
PT Bank Mandiri (Persero) Tbk (PPERY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$25.55B
Dividend Yield9.11%
Average Volume (3M)7.95K
Price to Earnings (P/E)8.4
Beta (1Y)0.35
Revenue Growth6.16%
EPS Growth-14.21%
CountryUS
Employees38,731
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.47
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 Cap27.97K
Enterprise Value/Revenue3.88
Enterprise Value/Gross Profit6.56
Enterprise Value/Ebitda11.59
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.45
Revenue Forecast (FY)$9.71B
PT Bank Mandiri (Persero) Tbk Business Overview & Revenue Model
Company Description
PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and the Cayman Islands. It offers savings and curre...
How the Company Makes Money
Bank Mandiri generates revenue primarily through interest income from its lending activities, which include personal loans, mortgages, and corporate loans. Additionally, the bank earns from non-interest income sources such as fees and commissions ...
PT Bank Mandiri (Persero) Tbk Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 99.50T |
| Gross Profit | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 99.50T |
| EBITDA | 81.67T | 0.00 | 79.25T | 60.89T | 41.92T |
| Net Income | 56.78T | 55.78T | 55.06T | 41.17T | 28.03T |
Balance Sheet | |||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Debt | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 94.43T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
Cash Flow | |||||
| Free Cash Flow | 96.01T | -88.10T | -10.00T> | -10.00T> | -20.07T |
| Operating Cash Flow | 10.00T> | -79.56T | -10.00T> | -10.00T> | -17.79T |
| Investing Cash Flow | -10.00T> | 17.73T | 16.01T | -41.89T | -10.00T> |
| Financing Cash Flow | 10.00T> | 57.85T | 10.00T> | 10.00T> | 10.00T> |
PT Bank Mandiri (Persero) Tbk Technical Analysis
Negative
11.34
Price Trends
11.65
Negative
11.68
Negative
11.39
Negative
Market Momentum
-0.24
Positive
43.64
Neutral
15.50
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 11.17, below the 50-day MA of 11.65, and below the 200-day MA of 11.39, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 43.64 is Neutral, neither overbought nor oversold. The STOCH value of 15.50 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $25.55B | 8.43 | 20.54% | 9.11% | 6.16% | -14.21% | |
69 Neutral | $37.49B | 8.02 | 9.81% | 2.79% | -4.64% | 24.98% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $30.27B | 18.46 | 8.70% | 2.86% | -4.88% | 4.84% | |
65 Neutral | $16.47B | 6.51 | 9.31% | 3.71% | -2.90% | 16.10% | |
64 Neutral | $38.85B | 7.99 | 13.55% | 2.48% | 5.89% | 34.68% | |
57 Neutral | $23.09B | 9.97 | 11.15% | 4.98% | 1.13% | -11.93% |
* Financial Sector Average
PPERY
PT Bank Mandiri (Persero) Tbk
10.98
0.74
7.20%
BBD
Banco Bradesco SA
3.90
1.86
90.71%
BSBR
Banco Santander Brasil
6.21
1.88
43.42%
KB
Kb Financial Group
106.97
55.31
107.07%
SHG
Shinhan Financial Group Co
66.41
34.99
111.36%
WF
Woori Finance Holdings Co
69.85
37.17
113.74%
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.