- Bank Mandiri’s net income for the first half of 2024 reached 26.55 trillion rupiah, a 5.4% increase compared to 25.2 trillion rupiah in the same period last year.
- Net interest income rose to 49.08 trillion rupiah, marking a 3.7% year-on-year growth.
- Earnings per share (EPS) increased to 284.47 rupiah from 270.34 rupiah year-on-year.
- The net interest margin stood at 4.92%.
- Analyst recommendations include 32 buys, 4 holds, and 0 sells for the stock.
- The earnings were published in the local newspaper Kontan.
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Bank Mandiri Persero on Smartkarma
Analyst coverage on Bank Mandiri Persero on Smartkarma showcases a positive sentiment among top independent analysts. Daniel Tabbush highlights in his report “Bank Mandiri – All Cylinders Firing Strong” the bank’s robust financial performance, with record-high ROA fueled by strong loan growth and declining NPLs. Victor Galliano‘s report “Indonesian Banks Screener; Mandiri Is Our Top Pick on Quality and Return Trends” emphasizes Mandiri’s superior quality attributes and better valuations compared to its peers. Raj S, CA, CFA, in the report “BMRI IJ Initiation: Growth at Reasonable Price!“, identifies Mandiri as a profitable and less cyclical investment option with potential for re-rating. Angus Mackintosh further bolsters the positive outlook in his report “Bank Mandiri (BMRI IJ) – Setting the Pace in 2024“, noting Mandiri’s upbeat 2024 guidance for loan growth and attractive valuations.
A look at Bank Mandiri Persero Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
PT Bank Mandiri (Persero) Tbk, formed by the merger of four state-owned banks, has a promising long-term outlook based on the Smartkarma Smart Scores. With a strong focus on growth and dividends, the bank has scored high in these areas. This indicates that Bank Mandiri Persero is well-positioned to expand its operations and provide returns to its investors in the future.
While the bank has average scores in terms of value, resilience, and momentum, its standout performance in growth and dividends bodes well for its overall outlook. Investors may find Bank Mandiri Persero a compelling investment option given its solid performance in key areas of strategic importance.
Summary: PT Bank Mandiri (Persero) Tbk, formed through the merger of four state-owned banks, operates in commercial banking services. The bank’s strong focus on growth and dividends positions it well for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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