Verena Oto Finance

Verena Oto Finance's price/earnings (P/E) rose 31,072% yoy to 121 in 3Q2019

By Helgi Analytics - March 4, 2020

Verena Oto Finance stock traded at IDR 124 per share at the end third quarter of 2019 implying a market capitalization of USD 49.7 mil. ...

Verena Oto Finance's market capitalisation (end of period) rose 187% yoy to USD 49.7 mil in 3Q2019

By Helgi Analytics - March 4, 2020

Verena Oto Finance stock traded at IDR 124 per share at the end of third quarter of 2019 implying a market capitalization of USD 49....

Verena Oto Finance's net profit rose 101% yoy to IDR 1.46 bil in 3Q2019

By Helgi Analytics - March 4, 2020

Verena Oto Finance made a net profit of IDR 1.46 bil in the third quarter of 2019, up 101% when compared to the same period of la...

Profit Statement 2016 2017 2018
Net Interest Income IDR bil 83.2 103 74.0
Net Fee Income IDR bil 59.8 65.9 31.7
Other Income IDR bil 9.03 10.6 8.28
Total Revenues IDR bil 152 179 114
Staff Cost IDR bil 61.7 5.44 55.4
Operating Profit IDR bil 37.5 63.7 24.5
Provisions IDR bil 26.5 52.0 215
Net Profit IDR bil 6.47 7.55 -193
Balance Sheet 2016 2017 2018
Customer Loans IDR bil 1,606 1,520 1,291
Debt Securities IDR bil ... 0 0
Total Assets IDR bil 1,790 1,750 1,565
Shareholders' Equity IDR bil 287 464 271
Interbank Borrowing IDR bil 0 0 0
Issued Debt Securities IDR bil 1,441 1,228 1,255
Ratios 2016 2017 2018
ROE % 2.26 2.01 -52.5
ROA % 0.351 0.427 -11.6
Costs (As % Of Assets) % 6.21 6.52 5.40
Costs (As % Of Income) % 75.3 64.4 78.5
Net Interest Margin % 4.51 5.80 4.46
NPLs (As % Of Loans) % ... ... ...
Provisions (As % Of NPLs) % ... ... ...
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 11.0 17.7 20.8
Share Price (End Of Period) IDR 148 93.0 116
Price/Earnings (P/E) 23.1 24.4 ...
Price/Book Value (P/BV) 0.520 0.397 1.11
Dividend Yield % 0 0 ...
Earnings Per Share (EPS) IDR 6.42 3.81 -74.7
Book Value Per Share IDR 285 234 105
Dividend Per Share IDR 0 0 ...

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summary Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                            
Net Interest Income IDR bil               119 148 130 101 83.2    
Total Revenues IDR bil               170 209 187 168 152    
Operating Profit IDR bil               64.9 83.1 75.4 57.4 37.5    
Net Profit IDR bil               33.1 34.6 24.5 2.42 6.47    
balance sheet                            
Customer Loans IDR bil               1,679 1,894 1,979 1,748 1,606    
Debt Securities IDR bil ... ... ... ... ... ... ... ... ... ... ... ...    
Total Assets IDR bil               1,955 2,100 2,155 1,894 1,790    
Shareholders' Equity IDR bil               219 256 283 284 287    
Interbank Borrowing IDR bil ... ... ... ... ...     0 0 0 0 0    
Issued Debt Securities IDR bil               1,672 1,780 1,785 1,554 1,441    
ratios                            
ROE % ...             16.4 14.6 9.09 0.853 2.26    
ROA % ...             1.90 1.70 1.15 0.120 0.351    
Costs (As % Of Assets) % ...             6.07 6.23 5.27 5.49 6.21    
Costs (As % Of Income) %               61.9 60.3 59.8 65.9 75.3    
Net Interest Margin % ...             6.86 7.32 6.11 5.01 4.51    
Interest Income (As % Of Revenues) %               70.0 70.8 69.3 60.2 54.7    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... 26.3 34.4 39.3    
Staff Cost (As % Of Total Cost) %               48.2 45.8 58.5 55.9 53.9    
Equity (As % Of Assets) %               11.2 12.2 13.1 15.0 16.0    
Loans (As % Assets) %               85.9 90.2 91.8 92.3 89.7    
NPLs (As % Of Loans) %               0.315 0.412 0.438 0.550 ... ... ...
Provisions (As % Of NPLs) %               509 411 387 377 ... ... ...
valuation                            
Market Capitalisation (End Of Period) USD mil ... ... ...         10.6 7.57 6.45 11.5 11.0    
Number Of Shares (Average) mil ... ... ... ... ...     ... 1,007 1,007 1,007 1,007    
Share Price (End Of Period) IDR ... ... ...         101 92.0 80.0 158 148    
Earnings Per Share (EPS) IDR ... ... ... ... ...     ... 34.3 24.3 2.40 6.42    
Book Value Per Share IDR ... ... ... ... ...     ... 254 281 282 285    
Dividend Per Share IDR ... ... ...     ...   0 0 0 0 0   ...
Price/Earnings (P/E) ... ... ... ... ...     ... 2.68 3.29 65.9 23.1   ...
Price/Book Value (P/BV) ... ... ... ... ...     ... 0.362 0.285 0.560 0.520    
Dividend Yield % ... ... ...     ...   0 0 0 0 0   ...
Earnings Per Share Growth % ... ... ... ... ... ...   ... ... -29.2 -90.1 168    
Book Value Per Share Growth % ... ... ... ... ... ...   ... ... 10.6 0.474 0.842    
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                            
Interest Income IDR bil               274 316 334 311 266    
Interest Cost IDR bil               155 168 204 209 183    
Net Interest Income IDR bil               119 148 130 101 83.2    
Net Fee Income IDR bil ... ... ... ... ... ... ... ... ... 49.3 57.9 59.8    
Other Income IDR bil ... ... ... ... ... ... ... ... ... 8.24 9.13 9.03    
Total Revenues IDR bil               170 209 187 168 152    
Staff Cost IDR bil               50.8 57.9 65.6 62.1 61.7    
Depreciation IDR bil ... ... ... ... ... ... ... ... ... ... ... 6.12    
Other Cost IDR bil ... ... ... ... ... ... ... ... ... ... ... 46.6    
Operating Cost IDR bil               105 126 112 111 114    
Operating Profit IDR bil               64.9 83.1 75.4 57.4 37.5    
Provisions IDR bil               18.4 34.5 42.1 49.9 26.5    
Extra and Other Cost IDR bil               2.07 2.44 1.17 1.45 1.65    
Pre-Tax Profit IDR bil               44.4 46.1 32.1 6.09 9.31    
Tax IDR bil               11.3 11.5 7.64 3.67 2.84    
Minorities IDR bil               0 0 0 0 0    
Net Profit IDR bil               33.1 34.6 24.5 2.42 6.47    
Dividends IDR bil ... ... ...     ...   0 0 0 0 0   ...
growth rates                            
Net Interest Income Growth % ...             74.1 24.3 -12.4 -22.0 -18.0    
Net Fee Income Growth % ... ... ... ... ... ... ... ... ... ... 17.6 3.17    
Total Revenue Growth % ...             30.6 23.0 -10.5 -10.1 -9.81    
Operating Cost Growth % ...             26.2 19.9 -11.3 -0.914 3.04    
Operating Profit Growth % ...             38.6 28.0 -9.26 -23.8 -34.7    
Pre-Tax Profit Growth % ...             36.0 3.76 -30.3 -81.0 52.8    
Net Profit Growth % ...             34.2 4.43 -29.1 -90.1 167    
market share                            
Market Share in Revenues %               0.053 0.059 0.047 0.038 0.030   ...
Market Share in Net Profit %               0.033 0.031 0.021 0.002 0.007   ...
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                            
Cash IDR bil               184 102 47.1 9.37 12.8    
Customer Loans IDR bil               1,679 1,894 1,979 1,748 1,606    
Retail Loans IDR bil ... ... ... ... ... ... ... ... ... ... ... ...    
Corporate Loans IDR bil ... ... ... ... ... ... ... ... ... ... ... ...    
Debt Securities IDR bil ... ... ... ... ... ... ... ... ... ... ... ...    
Fixed Assets IDR bil               35.8 37.0 31.0 38.5 34.2    
Intangible Assets IDR bil               0 0 0 0 0    
Goodwill IDR bil ... ... ... ... ... ... ... ... ... ... ... 0    
Total Assets IDR bil               1,955 2,100 2,155 1,894 1,790    
Shareholders' Equity IDR bil               219 256 283 284 287    
Of Which Minority Interest IDR bil               0 0 0 0 0    
Liabilities IDR bil               1,737 1,844 1,872 1,610 1,504    
Interbank Borrowing IDR bil ... ... ... ... ...     0 0 0 0 0    
Issued Debt Securities IDR bil               1,672 1,780 1,785 1,554 1,441    
asset quality                            
Non-Performing Loans IDR bil               5.38 7.94 8.82 9.82 ... ... ...
Gross Loans IDR bil               1,707 1,926 2,013 1,785 1,623    
Total Provisions IDR bil               27.4 32.7 34.1 37.0 17.1    
growth rates                            
Customer Loan Growth % ...             33.0 12.8 4.49 -11.7 -8.13    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ...  
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ...  
Total Asset Growth % ...             28.6 7.40 2.60 -12.1 -5.48    
Shareholders' Equity Growth % ...             17.8 17.0 10.6 0.474 0.842    
market share                            
Market Share in Customer Loans %               0.059 0.055 0.052 0.043 0.037   ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ...   ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ...   ...
Market Share in Total Assets %               0.046 0.043 0.038 0.031 0.027   ...
ratios Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                            
ROE % ...             16.4 14.6 9.09 0.853 2.26    
ROA % ...             1.90 1.70 1.15 0.120 0.351    
Costs (As % Of Assets) % ...             6.07 6.23 5.27 5.49 6.21    
Costs (As % Of Income) %               61.9 60.3 59.8 65.9 75.3    
Net Interest Margin % ...             6.86 7.32 6.11 5.01 4.51    
Interest Spread % ...             5.69 6.22 4.72 3.33 2.69    
Asset Yield % ...             15.8 15.6 15.7 15.3 14.5    
Cost Of Liabilities % ...             10.1 9.37 11.0 12.0 11.8    
Payout Ratio % ... ... ...     ...   0 0 0 0 0   ...
Interest Income (As % Of Revenues) %               70.0 70.8 69.3 60.2 54.7    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... 26.3 34.4 39.3    
Other Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... 4.39 5.42 5.94    
Cost Per Employee USD per month               518 532 557 564 519    
Cost Per Employee (Local Currency) IDR per month               4,862,060 5,541,980 6,838,010 7,385,990 7,065,510    
Staff Cost (As % Of Total Cost) %               48.2 45.8 58.5 55.9 53.9    
Equity (As % Of Assets) %               11.2 12.2 13.1 15.0 16.0    
Loans (As % Assets) %               85.9 90.2 91.8 92.3 89.7    
NPLs (As % Of Loans) %               0.315 0.412 0.438 0.550 ... ... ...
Provisions (As % Of NPLs) %               509 411 387 377 ... ... ...
Provisions (As % Of Loans) %               1.63 1.72 1.73 2.12 1.07    
Cost of Provisions (As % Of Loans) % ...             1.25 1.93 2.17 2.68 1.58    
other data Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                            
Employees               871 871 799 701 728    
Return on Loans % ...             2.25 1.93 1.26 0.130 0.386    
Operating Profit (As % of Loans) % ...             4.41 4.65 3.89 3.08 2.24    
Costs (As % Of Loans) % ...             7.17 7.08 5.79 5.96 6.83    
Equity (As % Of Loans) %               13.0 13.5 14.3 16.3 17.9    

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Verena Oto Finance's equity (as % of assets) fell 5.63% yoy to 23.3% in 3Q2019

By Helgi Analytics - March 4, 2020

Verena Oto Finance's Equity reached 23.3% of total assets in the 3Q2019, down from 24.7% for the previous year. As a share of net customer loans, the ratio amounted to 26.2% at the end of the third quarter of 2019. ...

Verena Oto Finance's net profit fell 2,656% yoy to IDR -193 bil in 2018

By Helgi Analytics - March 4, 2020

Verena Oto Finance made a net profit of IDR -193 bil under revenues of IDR 114 bil in 2018, up -2,656% and -36.4% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of IDR 34.6 bil in 2013 and an all time low of I...

Verena Oto Finance's net interest margin fell 23.1% yoy to 4.46% in 2018

By Helgi Analytics - March 4, 2020

Verena Oto Finance's net interest margin amounted to 4.46% in 2018, down from 5.80% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 21.2% in 2006 and an all time low of 4.46% in 2018. The average m...

Verena Oto Finance's net interest income fell 28.0% yoy to IDR 74.0 bil in 2018

By Helgi Analytics - March 4, 2020

Verena Oto Finance generated total banking revenues of IDR 114 bil in 2018, down 36.4% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of IDR 187 bil in 2014 and...

Verena Oto Finance's total revenues rose 17.9% yoy to IDR 179 bil in 2017

By Helgi Analytics - March 4, 2020

Verena Oto Finance generated total banking revenues of IDR 179 bil in 2017, up 17.9% compared to the previous year. Indonesian banking sector banking sector generated total revenues of IDR 516,680,067 mil in 2017, up 2.44% when compared to the last ye...

Verena Oto Finance's price/earnings (P/E) rose 5.80% yoy to 24.4 in 2017

By Helgi Analytics - March 4, 2020

Verena Oto Finance stock traded at IDR 93.0 per share at the end 2017 implying a market capitalization of USD 17.7 mil. Since the end of 2012, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the company ro...

Verena Oto Finance's customer loans fell 5.35% yoy to IDR 1,520 bil in 2017

By Helgi Analytics - March 4, 2020

Verena Oto Finance's customer loans reached IDR 1,520 bil in 2017, down 5.35% compared to the previous year. Indonesian banking sector provided customer loans of IDR 4,736,963 bil in 2017, up 8.70% when compared to the last year. Verena Oto Finance accoun...

Verena Oto Finance's share price (end of period) fell 37.2% yoy to IDR 93.0 in 2017

By Helgi Analytics - March 4, 2020

Verena Oto Finance stock traded at IDR 93.0 per share at the end of 2017 implying a market capitalization of USD 17.7 mil. Since the end of 2012, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the company ...

Verena Oto Finance's npls (as % of loans) rose 6.19% yoy to 0.531% in 3Q2016

By Helgi Analytics - March 4, 2020

Verena Oto Finance's non-performing loans reached 0.531% of total loans at the end of 2016-09-30, up from 0.500% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.26% in 2008-12-31 and an all time low of 0.315% in 2012-12-31. ...

Verena Oto Finance's customer loans fell 11.7% yoy to IDR 1,645 bil in 3Q2016

By Helgi Analytics - March 4, 2020

Verena Oto Finance's customer loans reached IDR 1,645 bil in 2016-09-30, down 0.182% compared to the previous year. Indonesian banking sector provided customer loans of IDR 4,266,074 bil in 2016-09-30, up 1.34% when compared to the last year. Verena Oto F...

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