Clipan Finance Indonesia

Clipan Finance Indonesia's net interest income rose 49.5% to IDR 951 bil in 2018

By Helgi Analytics - November 05, 2019

Clipan Finance Indonesia generated total banking revenues of IDR 1,360 bil in 2018, up 33.7% compared to the previous year. ...

Clipan Finance Indonesia's net interest margin rose 18.6% to 9.07% in 2018

By Helgi Analytics - November 05, 2019

Clipan Finance Indonesia's net interest margin amounted to 9.07% in 2018, up from 7.65% compared to the previous year. His...

Clipan Finance Indonesia's price/earnings (P/E) fell 13.2% to 4.10 in 2018

By Helgi Analytics - November 05, 2019

Clipan Finance Indonesia stock traded at RUB 314 per share at the end 2018 implying a market capitalization of USD 92.4 mil. Since the ...

Profit Statement 2016 2017 2018
Net Interest Income IDR bil 453 636 951
Fee Income (As % Of Revenues) % 14.8 11.2 4.14
Other Income IDR bil 158 267 353
Total Revenues IDR bil 717 1,017 1,360
Staff Cost IDR bil 122 217 288
Operating Profit IDR bil 518 673 878
Provisions IDR bil 235 330 453
Net Profit IDR bil 205 236 305
Balance Sheet 2016 2017 2018
Interbank Loans IDR bil 0 10.9 10.4
Customer Loans IDR bil 6,174 8,429 9,533
Debt Securities IDR bil 0 0 0
Total Assets IDR bil 6,744 9,891 11,077
Shareholders' Equity IDR bil 3,799 4,030 4,347
Interbank Borrowing IDR bil 2,044 3,624 2,047
Customer Deposits IDR bil 0 0 0
Issued Debt Securities IDR bil 698 1,853 4,252
Ratios 2016 2017 2018
ROE % 5.55 6.04 7.29
ROA % 3.07 2.84 2.91
Costs (As % Of Assets) % 2.97 4.14 4.59
Costs (As % Of Income) % 27.7 33.8 35.4
Net Interest Margin % 6.77 7.65 9.07
NPLs (As % Of Loans) % 1.98 1.59 1.28
Provisions (As % Of NPLs) % 118 114 155
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 71.2 82.4 92.4
Share Price (End Of Period) RUB 240 280 314
Price/Earnings (P/E) 4.66 4.72 4.10
Price/Book Value (P/BV) 0.252 0.277 0.288
Dividend Yield % 0 0 0
Earnings Per Share (EPS) IDR 51.5 59.3 76.6
Book Value Per Share IDR 953 1,011 1,091
Dividend Per Share 0 0 0

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Net Interest Income IDR bil ...     504 583 614 617 453    
Total Revenues IDR bil ...     604 707 727 752 717    
Operating Profit IDR bil ...     497 572 582 577 518    
Net Profit IDR bil ...     333 383 398 286 205    
balance sheet                    
Interbank Loans IDR bil       0 0 0 0 0    
Customer Loans IDR bil       4,523 5,824 6,436 6,409 6,174    
Debt Securities IDR bil       0 0 0 0 0    
Total Assets IDR bil       4,854 6,074 6,641 6,647 6,744    
Shareholders' Equity IDR bil       2,450 2,765 3,257 3,599 3,799    
Interbank Borrowing IDR bil       545 975 1,054 756 2,044    
Customer Deposits IDR bil       0 0 0 0 0    
Issued Debt Securities IDR bil       1,745 2,171 2,100 2,117 698    
ratios                    
ROE % ...     14.4 14.7 13.2 8.35 5.55    
ROA % ...     6.90 7.01 6.25 4.31 3.07    
Costs (As % Of Assets) % ...     2.22 2.45 2.29 2.63 2.97    
Costs (As % Of Income) % ...     17.7 19.0 20.0 23.3 27.7    
Net Interest Margin % ...     10.4 10.7 9.66 9.29 6.77    
Interest Income (As % Of Revenues) % ...     83.4 82.5 84.4 82.1 63.2    
Fee Income (As % Of Revenues) % ...     9.38 0 0 0 14.8    
Staff Cost (As % Of Total Cost) % ... ... ... ... 56.7 56.4 57.5 61.3    
Equity (As % Of Assets) %       50.5 45.5 49.0 54.1 56.3    
Loans (As % Assets) %       93.2 95.9 96.9 96.4 91.6    
NPLs (As % Of Loans) % ... ... ... ... ... ... 1.89 1.98    
Provisions (As % Of NPLs) % ... ... ... ... ... ... 76.5 118    
valuation                    
Market Capitalisation (End Of Period) USD mil ... ... ... 159 119 141 79.4 71.2    
Number Of Shares (Average) mil       3,775 3,775 3,985 3,985 3,985    
Share Price (End Of Period) RUB ... ... ... 405 385 439 275 240    
Earnings Per Share (EPS) IDR ...     88.1 101 99.8 71.9 51.5    
Book Value Per Share IDR       649 732 817 903 953    
Dividend Per Share ... ...   18.0 0 0 0 0    
Price/Earnings (P/E) ... ... ... 4.60 3.80 4.40 3.83 4.66    
Price/Book Value (P/BV) ... ... ... 0.624 0.526 0.537 0.304 0.252    
Dividend Yield % ... ... ... 4.44 0 0 0 0    
Earnings Per Share Growth % ... ...   20.4 15.1 -1.64 -28.0 -28.3    
Book Value Per Share Growth % ...     12.7 12.9 11.6 10.5 5.56    
income statement Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Interest Income IDR bil ...     779 850 934 977 769    
Interest Cost IDR bil ...     276 267 320 360 316    
Net Interest Income IDR bil ...     504 583 614 617 453    
Net Fee Income IDR bil ...     56.7 0 0 0 106    
Other Income IDR bil ...     43.9 124 113 134 158    
Total Revenues IDR bil ...     604 707 727 752 717    
Staff Cost IDR bil ... ... ... ... 76.0 82.0 101 122    
Depreciation IDR bil ... ... ... ... 4.00 5.00 4.70 1.84    
Other Cost IDR bil ... ... ... ... 54.1 58.5 69.6 75.1    
Operating Cost IDR bil ...     107 134 145 175 199    
Operating Profit IDR bil ...     497 572 582 577 518    
Provisions IDR bil ...     55.3 60.9 49.7 178 235    
Extra and Other Cost IDR bil ...     5.12 4.91 5.65 8.67 7.52    
Pre-Tax Profit IDR bil ...     437 507 527 390 276    
Tax IDR bil ...     104 124 129 103 70.6    
Minorities IDR bil ...     0 0 0 0 0    
Net Profit IDR bil ...     333 383 398 286 205    
Dividends IDR bil ... ...   67.9 0 0 0 0    
growth rates                    
Net Interest Income Growth % ... ...   19.7 15.8 5.33 0.503 -26.6    
Net Fee Income Growth % ... ...   8.29 -100 ... ... ...    
Total Revenue Growth % ... ...   21.2 17.0 2.94 3.34 -4.63    
Operating Cost Growth % ... ...   8.24 25.6 8.44 20.3 13.5    
Operating Profit Growth % ... ...   24.4 15.1 1.65 -0.908 -10.1    
Pre-Tax Profit Growth % ... ...   19.5 16.0 3.93 -26.0 -29.2    
Net Profit Growth % ... ...   20.4 15.1 3.82 -28.0 -28.3    
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                    
Cash IDR bil       189 95.6 35.8 30.4 30.3    
Interbank Loans IDR bil       0 0 0 0 0    
Customer Loans IDR bil       4,523 5,824 6,436 6,409 6,174    
Retail Loans IDR bil ... ... ... ... 3,668 4,584 4,981 5,009    
Mortgage Loans IDR bil       0 0 0 0 0    
Consumer Loans IDR bil ... ... ... ... 3,668 4,584 4,981 5,009    
Corporate Loans IDR bil ... ... ... ... 2,157 1,852 1,428 1,287    
Debt Securities IDR bil       0 0 0 0 0    
Fixed Assets IDR bil       48.3 55.5 70.2 122 137    
Total Assets IDR bil       4,854 6,074 6,641 6,647 6,744    
Shareholders' Equity IDR bil       2,450 2,765 3,257 3,599 3,799    
Of Which Minority Interest IDR bil       0 0 0 0 0    
Liabilities IDR bil       2,404 3,310 3,384 3,048 2,945    
Interbank Borrowing IDR bil       545 975 1,054 756 2,044    
Customer Deposits IDR bil       0 0 0 0 0    
Issued Debt Securities IDR bil       1,745 2,171 2,100 2,117 698    
Other Liabilities IDR bil       114 163 230 174 203    
asset quality                    
Non-Performing Loans IDR bil ... ... ... ... ... ... 123 104    
Gross Loans IDR bil       4,546 5,862 6,485 6,503 5,231    
Total Provisions IDR bil       23.5 37.6 49.2 94.3 122    
growth rates                    
Customer Loan Growth % ...     0.466 28.8 10.5 -0.419 -3.66    
Retail Loan Growth % ... ... ... ... ... 25.0 8.66 0.566    
Consumer Loan Growth % ... ... ... ... ... 25.0 8.66 0.566    
Corporate Loan Growth % ... ... ... ... ... -14.1 -22.9 -9.85    
Total Asset Growth % ...     1.42 25.2 9.33 0.085 1.47    
Shareholders' Equity Growth % ...     12.7 12.9 17.8 10.5 5.56    
ratios Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                    
ROE % ...     14.4 14.7 13.2 8.35 5.55    
ROA % ...     6.90 7.01 6.25 4.31 3.07    
Costs (As % Of Assets) % ...     2.22 2.45 2.29 2.63 2.97    
Costs (As % Of Income) % ...     17.7 19.0 20.0 23.3 27.7    
Net Interest Margin % ...     10.4 10.7 9.66 9.29 6.77    
Interest Spread % ...     5.17 6.22 5.14 3.52 0.942    
Asset Yield % ...     16.2 15.6 14.7 14.7 11.5    
Cost Of Liabilities % ...     11.0 9.34 9.55 11.2 10.5    
Payout Ratio % ... ...   20.4 0 0 0 0    
Interest Income (As % Of Revenues) % ...     83.4 82.5 84.4 82.1 63.2    
Fee Income (As % Of Revenues) % ...     9.38 0 0 0 14.8    
Other Income (As % Of Revenues) % ...     7.27 17.5 15.6 17.9 22.0    
Cost Per Employee USD per month ... ... ... ... 603 499 491 542    
Cost Per Employee (Local Currency) IDR per month ... ... ... ... 6,283,070 6,128,550 6,425,550 7,382,550    
Staff Cost (As % Of Total Cost) % ... ... ... ... 56.7 56.4 57.5 61.3    
Equity (As % Of Assets) %       50.5 45.5 49.0 54.1 56.3    
Loans (As % Assets) %       93.2 95.9 96.9 96.4 91.6    
NPLs (As % Of Loans) % ... ... ... ... ... ... 1.89 1.98    
Provisions (As % Of NPLs) % ... ... ... ... ... ... 76.5 118    
Provisions (As % Of Loans) %       0.519 0.646 0.764 1.47 1.98    
Cost of Provisions (As % Of Loans) % ...     1.23 1.18 0.811 2.78 3.73    
other data Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                    
Employees       910 1,008 1,115 1,306 1,374    

Get all company financials in excel:

Download Sample   $19.99

Clipan Finance Indonesia's share price (end of period) rose 12.1% to RUB 314 in 2018

By Helgi Analytics - November 05, 2019

Clipan Finance Indonesia stock traded at RUB 314 per share at the end of 2018 implying a market capitalization of USD 92.4 mil. Since the end of 2013, the stock has depreciated by -18.4 % implying an annual average growth of -4.00 %. In absolute terms, the value of th...

More News

Clipan Finance Indonesia Logo

Finance

Clipan Finance Indonesia has been growing its revenues and asset by 21.8% and 18.6% a year on average in the last 3 years. Its loans and deposits have grown by 14.1% and 0% a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of 6.29% in the last three years with net profit growing 2.14% a year on average. In terms of operating efficiency, its cost to income ratio reached 35.4% in 2018, compared to 32.3% average in the last three years.

Equity represented 39.2% of total assets or 45.6% of loans at the end of 2018. Clipan Finance Indonesia's non-performing loans were 1.28% of total loans while provisions covered some 155% of NPLs at the end of 2018.

Valuation

Clipan Finance Indonesia stock traded at RUB 314 per share at the end of 2018 resulting in a market capitalization of USD 92.4 mil. Over the previous five years, stock price fell by 18.4% or 4% a year on average. That’s compared to an average ROE of 8.09% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 4.10x and price to book value (PBV) of 0.288x in 2018.