Bank Mandiri (Persero) (BMRI) Stock Overview
Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
BMRI Community Fair Values
Create NarrativeSee what 171 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
PT Bank Mandiri (Persero) Tbk Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | Rp4,200.00 |
| 52 Week High | Rp5,375.00 |
| 52 Week Low | Rp3,650.00 |
| Beta | -0.023 |
| 1 Month Change | 0% |
| 3 Month Change | -11.58% |
| 1 Year Change | -18.45% |
| 3 Year Change | -18.45% |
| 5 Year Change | 35.48% |
| Change since IPO | 1,876.47% |
Recent News & Updates
Narrative Update • Jun 01
BMRI: Share Buyback And Stable P/E Will Likely Keep Shares Fairly Valued
Analysts have nudged their fair value estimate for Bank Mandiri (Persero) slightly higher to IDR 4,117.56 from IDR 4,093.34, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E as the key drivers of this change. What's in the News PT Alamtri Resources Indonesia Tbk announces a share repurchase program of up to IDR 11,700,000 million in its own stock, subject to approval at the annual general meeting and valid for 12 months from April 30, 2026 to April 29, 2027 (Key Developments).Narrative Update • May 01
BMRI: Share Buyback And Rich P/E Will Likely Keep Shares Fairly Valued
Analysts have nudged their fair value estimate for Bank Mandiri (Persero) higher from IDR 4,036.61 to IDR 4,093.34, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News The Board of Directors of PT Bank Mandiri (Persero) Tbk authorized a share buyback plan on March 17, 2026, indicating approval for the bank to repurchase its own shares within the specified program terms (Key Developments).
Narrative Update • Apr 17
BMRI: Share Buyback Authorization Will Support Future Upside Potential
Analysts have slightly adjusted their fair value estimate for Bank Mandiri (Persero) to IDR 7,646 from IDR 7,660, reflecting small tweaks to discount rate, revenue growth, profit margin, and forward P/E assumptions rather than a major change in view. What's in the News PT Bank Mandiri (Persero) Tbk's Board of Directors authorized a share buyback plan on March 17, 2026, signaling management's readiness to repurchase shares within an approved framework (Key Developments).Narrative Update • Apr 03
BMRI: Share Buyback Plan And Earnings Outlook Will Support Upside Potential
Analysts have set a slightly higher fair value price target for Bank Mandiri (Persero), increasing it from IDR 7,519.68 to IDR 7,660.38, citing updated assumptions related to revenue growth, discount rate, profit margin, and future P/E. What's in the News The Board of Directors of PT Bank Mandiri (Persero) Tbk authorized a share buyback plan on March 17, 2026, signaling an intention to repurchase its own shares within a defined framework (Key Developments).Recent updates
Narrative Update • Jun 01
BMRI: Share Buyback And Stable P/E Will Likely Keep Shares Fairly Valued
Analysts have nudged their fair value estimate for Bank Mandiri (Persero) slightly higher to IDR 4,117.56 from IDR 4,093.34, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E as the key drivers of this change. What's in the News PT Alamtri Resources Indonesia Tbk announces a share repurchase program of up to IDR 11,700,000 million in its own stock, subject to approval at the annual general meeting and valid for 12 months from April 30, 2026 to April 29, 2027 (Key Developments).Narrative Update • May 01
BMRI: Share Buyback And Rich P/E Will Likely Keep Shares Fairly Valued
Analysts have nudged their fair value estimate for Bank Mandiri (Persero) higher from IDR 4,036.61 to IDR 4,093.34, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News The Board of Directors of PT Bank Mandiri (Persero) Tbk authorized a share buyback plan on March 17, 2026, indicating approval for the bank to repurchase its own shares within the specified program terms (Key Developments).Narrative Update • Apr 17
BMRI: Share Buyback Authorization Will Support Future Upside Potential
Analysts have slightly adjusted their fair value estimate for Bank Mandiri (Persero) to IDR 7,646 from IDR 7,660, reflecting small tweaks to discount rate, revenue growth, profit margin, and forward P/E assumptions rather than a major change in view. What's in the News PT Bank Mandiri (Persero) Tbk's Board of Directors authorized a share buyback plan on March 17, 2026, signaling management's readiness to repurchase shares within an approved framework (Key Developments).Narrative Update • Apr 03
BMRI: Share Buyback Plan And Earnings Outlook Will Support Upside Potential
Analysts have set a slightly higher fair value price target for Bank Mandiri (Persero), increasing it from IDR 7,519.68 to IDR 7,660.38, citing updated assumptions related to revenue growth, discount rate, profit margin, and future P/E. What's in the News The Board of Directors of PT Bank Mandiri (Persero) Tbk authorized a share buyback plan on March 17, 2026, signaling an intention to repurchase its own shares within a defined framework (Key Developments).Narrative Update • Mar 20
BMRI: Share Buyback Plan Will Still Not Justify Rich P/E
Analysts have increased their fair value estimate for Bank Mandiri (Persero) from IDR 3,990 to IDR 4,037, reflecting updated assumptions on revenue growth, profit margins, and future P/E levels within their valuation models. What's in the News The Board of Directors of PT Bank Mandiri (Persero) Tbk authorized a share buyback plan on March 17, 2026, indicating an intention to repurchase the bank's own shares over a future period (Key Developments).Narrative Update • Mar 05
BMRI: Industrial Branch Expansion And Digital Push Will Still Not Justify Rich P/E
Analysts have lifted their fair value estimate for Bank Mandiri (Persero) from IDR 3,845.58 to IDR 3,990.44, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that they view as better reflecting the bank's earnings profile. What's in the News Bank Mandiri inaugurated a new branch office at PT OKI Pulp & Paper Mills, a business unit of APP Group in Ogan Komering Ilir Regency, aiming to be closer to industry participants and the workforce at one of Southeast Asia's largest pulp and tissue manufacturers (Key Developments).Narrative Update • Feb 19
BMRI: New Industrial Branch And Higher Margins Will Support Earnings Upside
Analysts have lifted their price target for Bank Mandiri (Persero) to IDR 7,520 from IDR 7,215, reflecting updated views that factor in a slightly lower discount rate, a higher projected profit margin, and a modestly lower future P/E multiple. What's in the News Bank Mandiri inaugurated a new branch office at PT OKI Pulp & Paper Mills, a business unit of APP Group, on November 24, 2025.Narrative Update • Feb 04
BMRI: Branch Expansion And Digital Focus Will Not Justify Rich P/E
Analysts have adjusted their price target for Bank Mandiri (Persero) to Rp3,846 from Rp3,754, citing updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E as key drivers of the change. What's in the News Bank Mandiri inaugurated a new branch office at PT OKI Pulp & Paper Mills, a business unit of APP Group, to extend banking services within one of the largest pulp and tissue manufacturing hubs in Southeast Asia (Key Developments).Narrative Update • Jan 21
BMRI: New Industrial Branch Expansion Will Support Future Earnings Upside
Narrative Update on Bank Mandiri (Persero) The latest analyst work has trimmed the fair value estimate for Bank Mandiri (Persero) slightly to Rp7,214.61, with the tweak mainly reflecting updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions. What’s in the News Bank Mandiri inaugurated a new branch office at PT OKI Pulp & Paper Mills, a business unit of APP Group, on November 24, 2025.Narrative Update • Jan 07
BMRI: New Industrial Branch Expansion Will Support A Stronger Long Term Outlook
Analysts have revised their fair value estimate for Bank Mandiri (Persero) from Rp7,800 to about Rp7,247, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E, which together indicate a more measured outlook. What's in the News Bank Mandiri inaugurated a new branch office at PT OKI Pulp & Paper Mills, a business unit of APP Group, on November 24, 2025, aiming to expand banking services for the manufacturing and forestry sectors in Ogan Komering Ilir Regency and nearby areas (Key Developments).
Narrative Update • Dec 14
BMRI: Lower Risk Profile Will Support Stronger Forward Market Confidence
Analysts have nudged their price target on Bank Mandiri (Persero) slightly higher, from IDR 5,463 to about IDR 5,497. This reflects marginally stronger expectations for revenue growth and valuation multiples, despite a modestly lower profit margin forecast and a slightly reduced discount rate.Narrative Update • Nov 30
BMRI: Liquidity Injection Will Support Near-Term Banking Sector Stability
Analysts have slightly lowered their fair value estimate for Bank Mandiri (Persero) from IDR 5,466.95 to IDR 5,463.00. They cite expectations that recent government liquidity support will bolster the bank’s outlook, despite only minor adjustments in key financial metrics.Narrative Update • Nov 16
BMRI: Government Liquidity Support Will Drive Improved Profit Outlook
Analysts have increased their price target for Bank Mandiri (Persero) from IDR 5,439 to IDR 5,467. They cite anticipated benefits from supportive government liquidity measures as the rationale for their updated outlook.Narrative Update • Nov 01
BMRI: Government Liquidity Support Will Drive Banking Resilience And Lending Capacity
Analysts have raised their fair value price target for Bank Mandiri (Persero) slightly from IDR 5,436.15 to IDR 5,439.19. This adjustment comes as optimism increases following policy measures designed to bolster the nation’s banking liquidity.Narrative Update • Oct 18
Digital Transformation Will Improve Operational Efficiency And Customer Experience
Analysts have slightly lowered their fair value estimate for Bank Mandiri (Persero) from IDR 5,479.67 to IDR 5,436.15, citing anticipated benefits from recent government liquidity injections that support the banking sector. Analyst Commentary Bullish analysts see the recent developments as enhancing the investment case for Bank Mandiri (Persero), with several key drivers supporting a positive outlook.Narrative Update • Oct 04
Digital Transformation Will Improve Operational Efficiency And Customer Experience
Analysts have lowered their price target for Bank Mandiri (Persero) from IDR 5,848 to IDR 5,480, citing updated assessments of revenue growth and profit margins. They also expressed optimism regarding supportive government liquidity measures for the Indonesian banking sector.Narrative Update • Sep 19
Digital Transformation Will Improve Operational Efficiency And Customer Experience
Bank Mandiri (Persero) has experienced slight declines in both net profit margin and consensus revenue growth forecasts, prompting analysts to lower their fair value price target from IDR6161 to IDR5848. What's in the News Scheduled a Special/Extraordinary Shareholders Meeting at Menara Mandiri 1, Jakarta Selatan.Narrative Update • Sep 04
Digital Transformation Will Improve Operational Efficiency And Customer Experience
Bank Mandiri (Persero)’s consensus revenue growth and future P/E forecasts have remained steady, with no change to its analyst price target, which stays at IDR6161. What's in the News Bank Mandiri (Persero) to hold a Special/Extraordinary Shareholders Meeting at its Jakarta headquarters.
New Narrative • Feb 09
Digital Transformation Will Improve Operational Efficiency And Customer Experience
Bank Mandiri's value chain strategy and digital platform investments are key drivers of loan growth and revenue enhancement.Shareholder Returns
| BMRI | ID Banks | ID Market | |
|---|---|---|---|
| 7D | 9.4% | 3.1% | 0.2% |
| 1Y | -18.4% | -25.4% | -21.8% |
Return vs Industry: BMRI exceeded the ID Banks industry which returned -25.4% over the past year.
Return vs Market: BMRI exceeded the ID Market which returned -21.8% over the past year.
Price Volatility
| BMRI volatility | |
|---|---|
| BMRI Average Weekly Movement | 6.0% |
| Banks Industry Average Movement | 6.2% |
| Market Average Movement | 8.5% |
| 10% most volatile stocks in ID Market | 16.4% |
| 10% least volatile stocks in ID Market | 4.3% |
Stable Share Price: BMRI has not had significant price volatility in the past 3 months compared to the ID market.
Volatility Over Time: BMRI's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 38,777 | Riduan Ahmad | bankmandiri.co.id |
PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands. It offers savings and current accounts, multicurrency, payroll, NOW, and foreign currency savings accounts; personal, mortgage, micro enterprise, small and medium enterprises, working capital, and investment loans; corporate, credit, and debit cards; and e-banking services. The company also provides life, health, and accident insurance products, as well as investment products; cash management, bill collection, payment, trade finance, money transfer, remittance, and wealth management services; and treasury services, including cash transaction, hedging, and investment products.
PT Bank Mandiri (Persero) Tbk Fundamentals Summary
| BMRI fundamental statistics | |
|---|---|
| Market cap | Rp391.61t |
| Earnings (TTM) | Rp58.48t |
| Revenue (TTM) | Rp145.31t |
6.7x
P/E Ratio1.3x
P/B RatioIs BMRI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BMRI income statement (TTM) | |
|---|---|
| Revenue | Rp145.31t |
| Cost of Revenue | Rp2.49t |
| Gross Profit | Rp142.82t |
| Other Expenses | Rp84.34t |
| Earnings | Rp58.48t |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 627.20 |
| Gross Margin | 98.29% |
| Net Profit Margin | 40.24% |
| Debt/Equity Ratio | 87.6% |
How did BMRI perform over the long term?
See historical performance and comparisonDividends
11.1%
Current Dividend Yield103%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/12 23:36 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
PT Bank Mandiri (Persero) Tbk is covered by 37 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Angus Mackintosh | Aletheia Analyst Network Limited |
| Anish Tawakley | Barclays |
| Kevin Kwek | Bernstein |