PT Bank Mandiri (Persero) Tbk (PPERY) AI Stock Analysis

20 Followers

PT Bank Mandiri (Persero) Tbk

(Other OTC:PPERY)

Select Model

Rating:67Neutral

Price Target:$9.00▲(13.69% Upside)

Action:reiterated

Date:10/29/26

The score is primarily supported by strong profitability and returns (improving margins and ~21.8% TTM ROE) and very attractive valuation (P/E 5.589 and ~14.62% dividend yield). These positives are tempered by a sharp TTM revenue contraction and volatile cash flow trends, and by weak technicals with the stock trading below major moving averages and a negative MACD.

Positive Factors

Strong ProfitabilityImproving net and operating margins indicate strong earnings capacity and operating efficiency. If maintained, this profitability provides a durable buffer against moderate credit or funding pressure, supports internal capital generation, and gives the bank more flexibility to invest in growth and digital capabilities.

Negative Factors

Sharp Revenue ContractionThe sharp TTM revenue contraction is a meaningful deterioration in business momentum despite stronger margins. Prolonged weak revenue would constrain the bank’s ability to expand its earning-asset base, increase operating leverage, and sustain recent profit growth over the coming quarters.

PT Bank Mandiri (Persero) Tbk (PPERY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $18.43B
Dividend Yield: 15.60%
Average Volume (3M): 68.28K
Price to Earnings (P/E): 5.2
Beta (1Y): 0.44
Revenue Growth: -11.23%
EPS Growth: 18.05%
Country: US
Employees: 38,751
Sector: Financial
Sector Strength: 68
Industry: Banks - Regional

PT Bank Mandiri (Persero) Tbk Business Overview & Revenue Model

Company Description

PT Bank Mandiri (Persero) Tbk engages in providing general banking services. It operates through the following segments: Corporate Banking, Commercial Banking, Institutional Banking, Retail Banking, and Treasury and International Banking. It operates...

How the Company Makes Money

Bank Mandiri primarily earns money through a mix of interest-based income and fee-based income typical of a universal bank. Its largest revenue driver is generally net interest income: the bank collects funds through low-cost deposits (such as curren...

PT Bank Mandiri (Persero) Tbk Financial Statement Overview

Summary

Strong and improving profitability (TTM net margin ~35.7% vs ~27.6% in 2025; EBIT margin ~46.0% vs ~37.5%) and consistently strong ROE (~19%–22%, TTM ~21.8%) support the score. Offsetting this are a sharp TTM revenue contraction (revenue growth rate -1.043) and highly volatile cash generation (multi-year negative OCF/FCF, 2025 surge, then sharp TTM slowdown with ~-81% FCF growth), which materially reduce confidence in near-term fundamentals.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

41Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	194.16T	205.54T	134.80T	124.19T	115.63T	99.50T
Gross Profit	140.27T	146.14T	134.80T	124.19T	115.63T	99.50T
EBITDA	88.22T	81.43T	0	79.25T	60.89T	41.93T
Net Income	64.39T	56.78T	55.78T	55.06T	41.17T	28.03T
Balance Sheet
Total Assets	2588.30T	2836.74T	2427.22T	2174.22T	1992.54T	1725.61T
Cash, Cash Equivalents and Short-Term Investments	259.29T	384.91T	250.73T	249.40T	277.85T	196.30T
Total Debt	231.49T	282.59T	172.10T	134.26T	107.15T	94.43T
Total Liabilities	2285.50T	2508.55T	2113.75T	1886.72T	1740.30T	1503.50T
Stockholders Equity	294.04T	294.46T	283.80T	260.85T	229.68T	204.69T
Cash Flow
Free Cash Flow	7.13T	96.01T	-88.10T	-158.65T	-106.25T	-20.07T
Operating Cash Flow	12.00T	101.52T	-79.56T	-155.57T	-102.24T	-17.79T
Investing Cash Flow	-203.54T	787.69B	17.73T	16.01T	-41.89T	-132.48T
Financing Cash Flow	232.10T	-74.63T	57.85T	109.41T	215.54T	144.25T

PT Bank Mandiri (Persero) Tbk Technical Analysis

Technical Analysis SentimentNegative

Last Price7.92

Price Trends

50DMA9.07Negative

100DMA9.16Negative

200DMA9.69Negative

Market Momentum

MACD-0.26Positive

RSI34.31Neutral

STOCH0.62Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PPERY, the sentiment is Negative. The current price of 7.92 is below the 20-day moving average (MA) of 8.47, below the 50-day MA of 9.07, and below the 200-day MA of 9.69, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 34.31 is Neutral, neither overbought nor oversold. The STOCH value of 0.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PPERY.

PT Bank Mandiri (Persero) Tbk Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

PPERY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BCH	71Outperform	$19.24B	15.59	21.27%	5.78%	3.94%	3.40%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PPERY	67Neutral	$19.14B	5.22	21.78%	15.60%	-11.23%	18.05%
BSAC	64Neutral	$15.03B	13.53	22.03%	4.65%	7.69%	9.88%
AVAL	59Neutral	$5.34B	9.73	9.54%	3.96%	15.47%	18.50%
BBD	57Neutral	$27.03B	5.12	14.24%	12.42%	29.04%	34.36%
BSBR	57Neutral	$16.35B	29.85	10.09%	3.30%	18.27%	16.65%

* Financial Sector Average

Performance Comparison

PPERY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
PPERY	PT Bank Mandiri	7.92	-2.56	-24.45%
BBD	Banco Bradesco	2.47	-0.87	-26.07%
BCH	Banco De Chile	37.83	3.38	9.83%
BSBR	Banco Santander Brasil SA	4.47	-1.31	-22.60%
BSAC	Banco Santander-Chile	31.85	4.10	14.77%
AVAL	Grupo Aval Acciones Y Valores Sa Pfd	4.33	0.25	6.00%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026

PT Bank Mandiri (Persero) Tbk AI Stock Analysis