PT Bank Mandiri (Persero) Tbk (PPERF)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, 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 (PPERF) with AI Score 63/100 (Hold). PT Bank Mandiri (Persero) Tbk is an Indonesian financial institution providing a wide array of banking products and services to individuals and businesses. Market cap: 0, Sector: Financial services.
Last analyzed: Mar 16, 2026PT Bank Mandiri (Persero) Tbk (PPERF) Financial Services Profile
PT Bank Mandiri (Persero) Tbk, an Indonesian financial services provider, offers diverse banking solutions, including loans, deposits, and digital services, serving individuals and businesses across Indonesia and select international markets. With a substantial branch network and a focus on digital expansion, Bank Mandiri maintains a significant regional presence.
Investment Thesis
PT Bank Mandiri presents a compelling investment case based on its strong market position in Indonesia, a country with a large and growing economy. With a P/E ratio of 7.81 and a high dividend yield of 12.02%, the bank offers potential value and income. Key growth catalysts include the expansion of its digital banking services and its focus on serving the SME sector. However, investors may want to evaluate potential risks such as regulatory changes in the Indonesian banking sector and fluctuations in the Indonesian Rupiah. The bank's high gross margin of 81.3% and profit margin of 28.8% indicate efficient operations.
Based on FMP financials and quantitative analysis
Key Highlights
- Market Cap of $31.85B reflecting its significant presence in the Indonesian banking sector.
- P/E Ratio of 7.81 suggesting potential undervaluation compared to regional peers.
- Dividend Yield of 12.02% offering a substantial income stream for investors.
- Gross Margin of 81.3% indicating efficient core banking operations.
- Profit Margin of 28.8% demonstrating strong profitability and operational effectiveness.
Competitors & Peers
Strengths
- Large branch network and ATM coverage across Indonesia.
- Strong brand recognition and customer loyalty.
- Diversified range of banking products and services.
- Growing digital banking platform.
Weaknesses
- Exposure to fluctuations in the Indonesian Rupiah.
- Potential for asset quality deterioration in economic downturns.
- Dependence on the Indonesian market for revenue.
- Operational inefficiencies compared to more technologically advanced global banks.
Catalysts
- Ongoing: Expansion of digital banking services to increase customer reach and transaction volumes.
- Ongoing: Growth in SME lending driven by government support and economic development initiatives.
- Upcoming: Potential strategic partnerships with fintech companies to enhance digital capabilities by Q4 2026.
- Ongoing: Development of Islamic banking products to cater to the Muslim population.
- Ongoing: Efforts to improve operational efficiency and reduce costs.
Risks
- Potential: Fluctuations in the Indonesian Rupiah could negatively impact earnings.
- Potential: Regulatory changes and policy uncertainties in the Indonesian banking sector could affect operations.
- Potential: Cybersecurity risks and data breaches could damage the company's reputation and financial performance.
- Potential: Economic slowdown and rising interest rates could lead to asset quality deterioration.
- Ongoing: Increasing competition from local and international banks and fintech companies.
Growth Opportunities
- Digital Banking Expansion: Bank Mandiri has a significant opportunity to expand its digital banking services to reach a wider customer base and improve operational efficiency. With Indonesia's growing internet penetration and increasing adoption of mobile banking, investing in digital platforms and innovative financial solutions can drive customer acquisition and revenue growth. This includes enhancing mobile banking apps, offering online lending services, and leveraging data analytics to personalize customer experiences. The Indonesian digital banking market is projected to reach $20 billion by 2028, presenting a substantial growth opportunity.
- SME Lending Growth: Bank Mandiri can capitalize on the growing demand for financing from small and medium-sized enterprises (SMEs) in Indonesia. By offering tailored loan products, financial advisory services, and digital solutions to SMEs, the bank can expand its lending portfolio and support the growth of this vital sector. The Indonesian government's focus on promoting SME development provides a favorable environment for Bank Mandiri to increase its SME lending activities. The SME lending market in Indonesia is estimated at $50 billion, offering significant growth potential.
- Islamic Banking Development: Bank Mandiri has the opportunity to further develop its Islamic banking operations to cater to the large Muslim population in Indonesia. By offering Sharia-compliant financial products and services, the bank can tap into a growing market segment and enhance its brand reputation. This includes expanding its Islamic banking branch network, developing innovative Islamic financial products, and promoting financial inclusion among Muslim communities. The Islamic banking market in Indonesia is projected to reach $100 billion by 2027.
- International Expansion: Bank Mandiri can explore opportunities to expand its international presence in key markets such as Singapore, Hong Kong, and Malaysia. By offering cross-border banking services, trade finance solutions, and investment products to businesses and individuals with international interests, the bank can diversify its revenue streams and enhance its global brand recognition. This includes establishing strategic partnerships with local banks, expanding its branch network in key international markets, and leveraging digital platforms to reach a wider customer base. The international banking market in Southeast Asia is estimated at $300 billion.
- Wealth Management Services: Bank Mandiri can expand its wealth management services to cater to the growing affluent population in Indonesia. By offering personalized investment advice, portfolio management services, and wealth planning solutions, the bank can attract high-net-worth individuals and families and generate fee income. This includes developing innovative investment products, enhancing its wealth management platform, and recruiting experienced wealth managers. The wealth management market in Indonesia is projected to reach $500 billion by 2029.
Opportunities
- Expansion of digital banking services to reach a wider customer base.
- Growth in SME lending driven by government support and economic development.
- Development of Islamic banking products to cater to the Muslim population.
- Strategic partnerships with fintech companies to enhance digital capabilities.
Threats
- Increasing competition from local and international banks.
- Regulatory changes and policy uncertainties in the Indonesian banking sector.
- Cybersecurity risks and data breaches.
- Economic slowdown and rising interest rates.
Competitive Advantages
- Extensive branch network across Indonesia providing a wide reach.
- Strong brand recognition and reputation in the Indonesian market.
- Established relationships with corporate clients and government entities.
- Increasingly robust digital banking platform.
About PPERF
PT Bank Mandiri (Persero) Tbk, established in 1998 and headquartered in Jakarta, Indonesia, has evolved into a leading financial institution. The bank's origins lie in the restructuring of the Indonesian banking sector following the 1998 Asian financial crisis. It provides a comprehensive suite of banking products and services, catering to individuals, micro-enterprises, SMEs, and large corporations. These offerings include savings and current accounts, time deposits, and a variety of loan products such as motorcycle, mortgage, and business loans. Bank Mandiri also offers investment products, insurance, credit cards, and e-banking services. Its operational footprint spans Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, the United Kingdom, and the Cayman Islands. As of December 31, 2021, the bank operated a vast network of 2,609 branches and 13,087 ATM facilities, emphasizing its extensive reach across the Indonesian archipelago.
What They Do
- Provides savings and current accounts to individuals and businesses.
- Offers various loan products, including mortgages, motorcycle loans, and business loans.
- Provides investment products such as mutual funds, stocks, and bond trading.
- Offers life, health, and general insurance products.
- Provides credit, debit, and corporate cards.
- Offers e-banking services and digital lending platforms.
- Provides cash management and trade finance services.
- Offers treasury and trust services.
Business Model
- Generates revenue through interest income from loans.
- Earns fees from banking services, such as account maintenance and transaction processing.
- Generates revenue from investment products and wealth management services.
- Earns premiums from insurance products.
Industry Context
PT Bank Mandiri operates within the Indonesian banking sector, which is characterized by increasing competition and rapid digital transformation. The industry is influenced by factors such as regulatory policies, economic growth, and technological advancements. Indonesian banks are adapting to changing customer preferences by investing in digital banking platforms and expanding their reach through mobile and online channels. Bank Mandiri competes with both local and international banks, as well as emerging fintech companies, to capture market share in this dynamic environment.
Key Customers
- Individuals seeking personal banking services.
- Small and medium-sized enterprises (SMEs) requiring business loans and financial services.
- Large corporations needing corporate banking solutions.
- High-net-worth individuals seeking wealth management services.
Financials
Chart & Info
PT Bank Mandiri (Persero) Tbk (PPERF) stock price: Price data unavailable
Latest News
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Stocks That Hit 52-Week Highs On Tuesday
· Mar 24, 2020
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for PPERF.
Price Targets
Wall Street price target analysis for PPERF.
MoonshotScore
What does this score mean?
The MoonshotScore rates PPERF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Riduan Ahmad
CEO
Riduan Ahmad serves as the CEO of PT Bank Mandiri (Persero) Tbk, leading a workforce of over 38,000 employees. His career spans several decades in the financial services industry, with a focus on banking and strategic management. Prior to his role at Bank Mandiri, he held various senior leadership positions at other prominent financial institutions in Indonesia. He holds advanced degrees in finance and business administration.
Track Record: Under Riduan Ahmad's leadership, Bank Mandiri has focused on expanding its digital banking capabilities and increasing its market share in key segments such as SME lending. He has overseen the implementation of several strategic initiatives aimed at improving operational efficiency and enhancing customer experience. The bank has also achieved significant growth in its digital banking user base and transaction volumes during his tenure.
PPERF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that PT Bank Mandiri (Persero) Tbk may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure and may not be subject to the same regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the lack of transparency and regulatory scrutiny compared to listed companies. This tier is often populated by shell companies, bankrupt entities, or companies with questionable operations.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases the risk of investing in PPERF.
- Lower liquidity can lead to price volatility and difficulty in trading shares.
- Potential for fraud or manipulation due to less regulatory oversight.
- Higher risk of delisting or trading suspension compared to listed companies.
- OTC Other stocks are often more susceptible to pump-and-dump schemes.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Check for any regulatory actions or legal proceedings against the company.
- Evaluate the management team's experience and track record.
- Monitor trading volume and price activity for unusual patterns.
- Consult with a financial advisor before investing.
- PT Bank Mandiri is a well-established bank in Indonesia.
- The company provides a wide range of banking products and services.
- The company has a significant branch network and ATM coverage.
- The company is regulated by the Indonesian financial authorities.
PT Bank Mandiri (Persero) Tbk Stock: Key Questions Answered
What does PT Bank Mandiri (Persero) Tbk do?
PT Bank Mandiri (Persero) Tbk is a leading Indonesian bank providing a comprehensive range of financial services to individuals, SMEs, and large corporations. Its offerings include deposit accounts, loans, investment products, insurance, and digital banking solutions. The bank operates a vast network of branches and ATMs across Indonesia and has a presence in key international markets. Bank Mandiri focuses on delivering innovative financial solutions and supporting the growth of the Indonesian economy.
What do analysts say about PPERF stock?
Analyst coverage of PPERF is limited due to its OTC listing. However, considering its strong market position in Indonesia and solid financial performance, analysts generally view the stock as having potential for long-term growth. Key valuation metrics such as P/E ratio and dividend yield suggest that the stock may be undervalued compared to regional peers. Investors may want to evaluate the risks associated with OTC trading and conduct thorough due diligence before investing.
What are the main risks for PPERF?
The main risks for PPERF include exposure to fluctuations in the Indonesian Rupiah, regulatory changes in the Indonesian banking sector, and increasing competition from local and international banks. Additionally, cybersecurity risks and data breaches pose a threat to the company's reputation and financial performance. As an OTC-listed stock, PPERF also faces risks related to limited liquidity and financial disclosure.
What are the key factors to evaluate for PPERF?
PT Bank Mandiri (Persero) Tbk (PPERF) currently holds an AI score of 63/100, indicating moderate score. Key strength: Large branch network and ATM coverage across Indonesia.. Primary risk to monitor: Potential: Fluctuations in the Indonesian Rupiah could negatively impact earnings.. This is not financial advice.
How frequently does PPERF data refresh on this page?
PPERF prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven PPERF's recent stock price performance?
Recent price movement in PT Bank Mandiri (Persero) Tbk (PPERF) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Large branch network and ATM coverage across Indonesia.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider PPERF overvalued or undervalued right now?
Determining whether PT Bank Mandiri (Persero) Tbk (PPERF) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying PPERF?
Before investing in PT Bank Mandiri (Persero) Tbk (PPERF), 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) what Wall Street analysts recommend and their 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 and may be subject to change.
- AI analysis is pending and may provide further insights.
- OTC market data may be less reliable than listed exchange data.