PT Bank Mandiri (Persero) Tbk (PPERY) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
PT Bank Mandiri (Persero) Tbk (PPERY) trades at $9.21 with AI Score 57/100 (Grade B). PT Bank Mandiri (Persero) Tbk is an Indonesian financial institution providing a wide array of banking products and services. Market cap: $21.5B, Sector: Financial services.
Price as of Jul 23, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for PPERY: PPERY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates PPERY against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
PPERY: 1/3 scored disciplines lean bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
PT Bank Mandiri (Persero) Tbk (PPERY) Financial Services Profile
PT Bank Mandiri (Persero) Tbk is a leading Indonesian bank providing diverse financial services, including loans, deposits, and investment products, to individuals and businesses across Indonesia and internationally. With a significant branch network and digital presence, it competes in the regional banking sector while adapting to evolving fintech trends.
What Is the Investment Thesis for PPERY?
PT Bank Mandiri presents a compelling investment case due to its strong market position in Indonesia, a country with a growing economy and increasing financial inclusion. The bank's diverse product offerings and extensive branch network provide a solid foundation for growth. With a P/E ratio of 7.84 and a dividend yield of 11.97% as of 2026-03-17, the stock offers potential value. Key catalysts include Indonesia's economic growth and increasing adoption of digital banking services. However, investors should be aware of potential risks such as regulatory changes and currency fluctuations, given its ADR status and international operations.
Based on FMP financials and quantitative analysis
PPERY Key Highlights
- Market capitalization of $21.5B, reflecting its significant size and influence in the Indonesian banking sector.
- Profit margin of 28.8%, indicating strong profitability and efficient operations.
- Gross margin of 81.3%, showcasing the bank's ability to generate revenue efficiently from its services.
- Dividend yield of 11.97%, offering investors a substantial income stream.
- Beta of -0.02, suggesting low volatility relative to the market, potentially providing stability during market fluctuations.
Who Are PPERY's Competitors?
PPERY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BKHPF Bank Hapoalim B.M. | $23.00 | +0.00% | $30.1B | 51 |
| BKHYY Bank Hapoalim B.M. | $119.07 | +0.31% | $31.2B | 47 |
| CEBCF China Everbright Bank Company Limited | $0.36 | -13.92% | $21.3B | 46 |
| GBOOF Grupo Financiero Banorte, S.A.B. de C.V. | $10.40 | -3.26% | $28.9B | 65 |
| GBOOY Grupo Financiero Banorte, S.A.B. de C.V. | $54.05 | -1.83% | $30.4B | 67 |
| KEY KeyCorp | $22.72 | -1.69% | $24.5B | 94 |
| MTB M&T Bank Corporation | $245.97 | -1.90% | $36.0B | 92 |
| ZION Zions Bancorporation, National Association | $68.67 | -2.00% | $10.1B | 94 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are PPERY's Key Strengths?
- Strong market position in Indonesia.
- Extensive branch network and ATM facilities.
- Diverse range of banking products and services.
- Government support and stability as a state-owned bank.
What Are PPERY's Weaknesses?
- Exposure to regulatory changes in Indonesia.
- Potential for asset quality deterioration in economic downturns.
- Dependence on the Indonesian market for revenue.
- Competition from other banks and fintech companies.
What Could Drive PPERY Stock Higher?
- Indonesia's economic growth is expected to drive increased demand for banking services, benefiting PT Bank Mandiri.
- Increasing adoption of digital banking in Indonesia will drive growth in the bank's e-banking services.
- Government initiatives to promote financial inclusion will expand the bank's customer base in rural areas.
- Potential strategic partnerships with fintech companies could enhance the bank's digital offerings (Timeline: 2026-2027).
- Expansion into new international markets could diversify revenue streams (Timeline: 2027-2028).
What Are the Key Risks for PPERY?
- Financial-distress signal — its Altman Z-Score of 0.46 sits in the distress zone (elevated bankruptcy risk).
- Regulatory changes in Indonesia could impact the bank's operations and profitability.
- Economic slowdown in Indonesia could lead to asset quality deterioration and reduced loan growth.
- Increased competition from fintech companies could erode the bank's market share.
- Currency fluctuations could negatively impact the value of the ADR for U.S. investors.
- Geopolitical risks in Southeast Asia could disrupt the bank's international operations.
What Are the Growth Opportunities for PPERY?
- Expansion of Digital Banking Services: PT Bank Mandiri can capitalize on the increasing adoption of digital banking in Indonesia. By investing in and expanding its e-banking services and digital lending platforms, the bank can attract a younger, tech-savvy customer base and reduce operational costs. The Indonesian digital banking market is projected to grow significantly, offering a substantial opportunity for Bank Mandiri to increase its market share and profitability. Timeline: Ongoing.
- Increased Lending to SMEs: Focusing on providing loans and financial services to small and medium-sized enterprises (SMEs) represents a significant growth opportunity. SMEs are a vital part of the Indonesian economy, and Bank Mandiri can tailor its loan products and services to meet their specific needs. This can drive loan growth and increase the bank's overall profitability. The SME lending market in Indonesia is substantial and growing, offering a significant opportunity for Bank Mandiri. Timeline: Ongoing.
- Penetration of Rural Markets: Expanding its branch network and digital services in rural areas of Indonesia can help Bank Mandiri tap into underserved markets. By providing access to banking services in these areas, the bank can increase financial inclusion and drive growth. The rural banking market in Indonesia is largely untapped, presenting a significant opportunity for Bank Mandiri to expand its customer base and increase its market share. Timeline: Ongoing.
- Strategic Partnerships with Fintech Companies: Collaborating with fintech companies can enable Bank Mandiri to offer innovative financial products and services. By partnering with fintech firms, the bank can leverage their technology and expertise to enhance its digital offerings and attract new customers. The fintech sector in Indonesia is rapidly growing, and strategic partnerships can provide Bank Mandiri with a competitive edge. Timeline: Ongoing.
- Expansion of International Operations: Expanding its operations in Southeast Asia and other international markets can provide Bank Mandiri with new growth opportunities. By offering its banking products and services in these markets, the bank can diversify its revenue streams and reduce its reliance on the Indonesian market. The Southeast Asian banking market is growing, and international expansion can provide Bank Mandiri with a significant growth opportunity. Timeline: Ongoing.
What Opportunities Does PPERY Have?
- Expansion of digital banking services.
- Increased lending to SMEs.
- Penetration of rural markets.
- Strategic partnerships with fintech companies.
What Threats Does PPERY Face?
- Increased competition from fintech companies.
- Economic slowdown in Indonesia.
- Changes in government regulations.
- Currency fluctuations affecting international operations.
What Are PPERY's Competitive Advantages?
- Extensive Branch Network: Bank Mandiri has a large network of branches and ATMs across Indonesia, providing convenient access to banking services for its customers.
- Strong Brand Recognition: Bank Mandiri is a well-known and trusted brand in Indonesia, giving it a competitive advantage in attracting and retaining customers.
- Government Ownership: As a state-owned bank, Bank Mandiri benefits from government support and stability.
- Diverse Product Offerings: Bank Mandiri offers a wide range of banking products and services, catering to the diverse needs of its customers.
What Does PPERY Do?
PT Bank Mandiri (Persero) Tbk, established in 1998 and headquartered in Jakarta, Indonesia, is a prominent financial institution offering a comprehensive suite of banking products and services. The bank serves a diverse clientele, including individuals and businesses, both domestically and internationally. Its origins lie in the consolidation of several state-owned banks following the 1998 Asian financial crisis, positioning it as a key player in Indonesia's economic recovery. Bank Mandiri provides a wide range of services, including savings and current accounts, time deposits, and various loan products such as motorcycle, mortgage, and business loans. It also offers investment products like mutual funds, stocks, and bonds, along with insurance products. The bank's geographic reach extends beyond Indonesia, with operations in Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and the Cayman Islands. As of December 31, 2021, Bank Mandiri operated a substantial network of 2,609 branches and 13,087 ATM facilities, demonstrating its extensive presence and commitment to serving its customers.
What Products and Services Does PPERY Offer?
- Provides savings and current accounts to individuals and businesses.
- Offers time deposits and demand deposits.
- Provides various loan products, including motorcycle loans, mortgage loans, and business loans.
- Offers investment products such as mutual funds, stocks, and bonds.
- Provides life, health, and general insurance products.
- Offers credit, debit, and corporate cards.
- Provides e-banking services and digital lending.
- Offers cash management services and trade finance services.
How Does PPERY Make Money?
- Generates revenue from interest income on loans.
- Earns fees from banking services such as account maintenance and transaction processing.
- Derives income from investment products and trading activities.
- Receives premiums from insurance products.
What Industry Does PPERY Operate In?
PT Bank Mandiri operates within the Indonesian banking sector, which is characterized by increasing competition and growing adoption of digital financial services. The industry is influenced by government regulations aimed at promoting financial inclusion and stability. Bank Mandiri competes with other regional banks and faces increasing competition from fintech companies. The Indonesian banking sector is expected to grow in line with the country's economic development, presenting opportunities for Bank Mandiri to expand its market share and service offerings.
Who Are PPERY's Key Customers?
- Individual customers seeking personal banking services.
- Small and medium-sized enterprises (SMEs) requiring business loans and financial services.
- Large corporations needing corporate banking solutions.
- Government entities utilizing banking services for public sector activities.
FY2026 estForward Outlook
Wall Street analysts project PT Bank Mandiri (Persero) Tbk revenue of about $160.97T for fiscal 2026, with EPS near $25011.27. The estimate reflects 19 contributing analysts.
F-Score 7/9Financial Health
PT Bank Mandiri (Persero) Tbk's Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.46 places it in the distress zone, a signal of elevated financial risk.
ROE 20%Key Financial Metrics
Return on equity for PT Bank Mandiri (Persero) Tbk stands at 20.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.4%, showing how much profit it generates from its asset base. PPERY trades at a trailing price-to-earnings ratio of 6.33, below the Financial Services sector average of ~18x. Its free cash flow yield is 10.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.39 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 15.8%, the inverse of the P/E and a quick read on earnings relative to price.
PT Bank Mandiri (Persero) Tbk (PPERY) Valuation Context
Valued at $21.5B, PPERY is classified as a large-cap stock. Relative to its peer group, PPERY's quantitative score of 57/100 is roughly in line with the peer average of 55/100.
Company Profile
PT Bank Mandiri (Persero) Tbk operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Jakarta, ID. The company is led by CEO Ahmad Riduan. PPERY has traded publicly since 2009.
PPERY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future performance and stability.
- Community sentiment has shifted positively, with discussions highlighting the bank's strong fundamentals and growth potential in the digital banking space.
- Analysts are optimistic about the bank's ability to navigate economic challenges, bolstered by its solid market position in Indonesia.
- Market perception has improved, with more investors acknowledging the bank's resilience and commitment to innovation.
Bear Case
- Concerns over regulatory changes in the banking sector have led to increased caution among investors.
- Recent discussions in trading forums reveal skepticism about the bank's ability to maintain growth amid rising competition from fintech companies.
- Some community members are worried about the potential impact of economic slowdowns on loan growth and asset quality.
- Market sentiment remains wary, with a portion of investors fearing that external factors could adversely affect the bank's performance.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
PPERY Latest News
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Stocks That Hit 52-Week Lows On Tuesday
· Mar 24, 2020
PPERY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for PPERY.
Price Targets
Wall Street price target analysis for PPERY.
PPERY MoonshotScore
What does this score mean?
The MoonshotScore rates PPERY 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Riduan Ahmad
CEO
Riduan Ahmad is the CEO of PT Bank Mandiri (Persero) Tbk, leading a workforce of 38,731 employees. Details regarding his specific educational background and prior roles are not available in the provided data. As CEO, he is responsible for the overall strategic direction and operational performance of the bank, ensuring its continued growth and success in the Indonesian banking sector.
Track Record: Information regarding Riduan Ahmad's specific achievements and strategic decisions as CEO of PT Bank Mandiri (Persero) Tbk is not available in the provided data. Therefore, it is not possible to assess his track record and contributions to the company's milestones.
PT Bank Mandiri (Persero) Tbk ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. PPERY functions as a Level 1 ADR, meaning it trades over-the-counter (OTC) without needing to meet the strict listing requirements of exchanges like the NYSE or NASDAQ. This allows U.S. investors to invest in PT Bank Mandiri (Persero) Tbk more easily.
- Home Market Ticker: Indonesia Stock Exchange (IDX), Jakarta, ID
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: PPER
PPERY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited financial disclosure and may not meet the listing requirements of major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the potential for less transparency and regulatory oversight compared to exchange-listed companies.
- OTC Tier: OTC Other
- Limited Transparency: OTC Other stocks often have limited financial disclosure, making it difficult to assess the company's financial health and performance.
- Low Liquidity: Low trading volumes and wide bid-ask spreads can make it challenging to buy or sell shares quickly and at desired prices.
- Regulatory Risks: OTC stocks are subject to less regulatory oversight than exchange-listed stocks, increasing the risk of fraud or mismanagement.
- Information Asymmetry: Lack of readily available information can create an uneven playing field for investors, favoring insiders with access to more data.
- Price Volatility: OTC stocks can be more volatile than exchange-listed stocks due to lower trading volumes and less market scrutiny.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's management team and track record.
- Research the company's industry and competitive landscape.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Monitor news and developments related to the company.
- Established Operations: PT Bank Mandiri (Persero) Tbk has been in operation since 1998, indicating a long-standing presence in the banking sector.
- Extensive Branch Network: The company operates a large network of branches and ATMs, suggesting a significant scale of operations.
- Government Ownership: As a state-owned bank, PT Bank Mandiri (Persero) Tbk benefits from government support and oversight.
- International Presence: The company has operations in multiple countries, indicating a global reach and established business relationships.
Common Questions About PPERY (Financial Services)
What does the AI Score mean for PPERY?
PPERY holds an AI Score of 57/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. PT Bank Mandiri (Persero) Tbk is an Indonesian financial institution providing a wide array of banking products and services. The company operates extensively across Indonesia and internationally …
What does PT Bank Mandiri (Persero) Tbk do?
PT Bank Mandiri (Persero) Tbk is a leading Indonesian bank that provides a comprehensive range of financial services to individuals and businesses. Its core operations include accepting deposits, providing loans, and offering investment products. The bank operates a vast network of branches and ATMs across Indonesia and has a growing digital presence.
What do analysts say about PPERY stock?
Analyst coverage of PPERY is limited due to its OTC listing and ADR Level 1 status. However, key valuation metrics such as its P/E ratio of 7.84 and dividend yield of 11.97% suggest potential value. Growth considerations include Indonesia's economic outlook and the bank's ability to capitalize on digital banking trends. Investors should conduct thorough due diligence and consider the risks associated with OTC stocks.
What are the main risks for PPERY?
The main risks for PPERY include regulatory changes in Indonesia, economic slowdown in the country, and increased competition from fintech companies. As an ADR, PPERY is also subject to currency fluctuations between the Indonesian Rupiah and the U.S. dollar. Additionally, its OTC listing exposes investors to risks associated with limited transparency and liquidity. Investors should carefully assess these risks before investing.
What are the key factors to evaluate for PPERY?
PT Bank Mandiri (Persero) Tbk (PPERY) holds an AI score of 57/100 (moderate). Not financial advice.
How frequently does PPERY data refresh on this page?
PPERY's price was last updated on Jul 23, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven PPERY's recent stock price performance?
PT Bank Mandiri (Persero) Tbk (PPERY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position in Indonesia. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider PPERY overvalued or undervalued right now?
PT Bank Mandiri (Persero) Tbk (PPERY) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research PPERY before investing?
Before investing in PT Bank Mandiri (Persero) Tbk (PPERY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data as of 2026-03-17.
- AI analysis pending for PPERY.