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Indonesian (IDX) Market Analysis & Valuation

UpdatedMay 02, 2024
DataAggregated Company Financials
Companies835
  • 7D1.7%
  • 3M5.8%
  • 1Y3.7%
  • YTD2.5%

The market has climbed 1.7% in the last 7 days, lead by the Utilities sector with a gain of 15%. In the last year, the market has climbed 3.7%. Looking forward, earnings are forecast to grow by 26% annually.

Market Valuation and Performance

Has the Indonesian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 May 2024Rp11936.3tRp4979.8tRp514.4t15.1x23.2x2.4x
Sat, 30 Mar 2024Rp11555.6tRp4924.8tRp537.3t14.1x21.5x2.3x
Mon, 26 Feb 2024Rp11425.4tRp4908.5tRp593.9t14.6x19.2x2.3x
Wed, 24 Jan 2024Rp11427.4tRp4944.8tRp584.2t14.9x19.6x2.3x
Fri, 22 Dec 2023Rp11461.0tRp4931.4tRp584.4t14.7x19.6x2.3x
Sun, 19 Nov 2023Rp10919.5tRp4940.2tRp599.1t15x18.2x2.2x
Tue, 17 Oct 2023Rp10247.1tRp4989.6tRp608.9t15.7x16.8x2.1x
Thu, 14 Sep 2023Rp10121.2tRp4971.3tRp616.7t16.4x16.4x2x
Sat, 12 Aug 2023Rp9949.1tRp4986.9tRp623.0t16.4x16x2x
Mon, 10 Jul 2023Rp9568.2tRp4975.3tRp624.4t15.7x15.3x1.9x
Wed, 07 Jun 2023Rp9249.9tRp4890.9tRp604.7t15.7x15.3x1.9x
Fri, 05 May 2023Rp9593.0tRp4853.8tRp616.4t16.2x15.6x2x
Sun, 02 Apr 2023Rp9366.3tRp4822.5tRp621.4t14.2x15.1x1.9x
Tue, 28 Feb 2023Rp9320.6tRp4696.5tRp633.4t14.4x14.7x2x
Thu, 26 Jan 2023Rp9240.7tRp4623.6tRp620.2t14.1x14.9x2x
Sat, 24 Dec 2022Rp9212.6tRp4662.8tRp626.5t14.1x14.7x2x
Mon, 21 Nov 2022Rp9294.9tRp4581.0tRp614.2t14.7x15.1x2x
Wed, 19 Oct 2022Rp8870.0tRp4376.3tRp572.9t16x15.5x2x
Fri, 16 Sep 2022Rp9374.4tRp4337.3tRp566.7t16.9x16.5x2.2x
Sun, 14 Aug 2022Rp9146.9tRp4189.6tRp538.3t16.1x17x2.2x
Tue, 12 Jul 2022Rp8645.0tRp4083.6tRp525.6t15.7x16.4x2.1x
Thu, 09 Jun 2022Rp9128.9tRp4004.4tRp512.7t17.4x17.8x2.3x
Sat, 07 May 2022Rp9394.5tRp3913.1tRp489.3t19.5x19.2x2.4x
Mon, 04 Apr 2022Rp8686.8tRp3745.1tRp435.9t20.9x19.9x2.3x
Wed, 02 Mar 2022Rp8507.1tRp3615.8tRp388.9t20.4x21.9x2.4x
Fri, 28 Jan 2022Rp8100.7tRp3544.5tRp359.1t20.5x22.6x2.3x
Sun, 26 Dec 2021Rp8030.3tRp3504.4tRp357.4t20.5x22.5x2.3x
Tue, 23 Nov 2021Rp8192.3tRp3457.3tRp331.7t21x24.7x2.4x
Thu, 21 Oct 2021Rp7916.3tRp3324.6tRp296.3t21.2x26.7x2.4x
Sat, 18 Sep 2021Rp7279.3tRp3296.2tRp291.5t21x25x2.2x
Mon, 16 Aug 2021Rp7263.2tRp3320.0tRp290.2t21.2x25x2.2x
Mon, 31 May 2021Rp6946.5tRp3133.3tRp238.3t21.9x29.1x2.2x
Price to Earnings Ratio

29.3x


Total Market Cap: Rp6992.0tTotal Earnings: Rp238.3tTotal Revenue: Rp3133.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 19.1x202220232024
Current Market PE
  • Investors are optimistic on the Indonesian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 23.2x which is higher than its 3-year average PE of 19.1x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 29% per year over the last three years.
  • Revenues for these companies have grown 17% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Indonesian Market?

ID Market1.72%
Utilities14.69%
Healthcare2.71%
Industrials2.64%
Materials2.63%
Consumer Staples1.83%
Telecom1.81%
Real Estate0.62%
Energy0.56%
Tech-0.27%
Financials-2.06%
Consumer Discretionary-2.21%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 39.0x.
    • Analysts are expecting annual earnings growth of 2.6%, which is lower than the prior year's growth of 6.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 90% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
BREN Barito Renewables EnergyRp9.23k11.5%
+Rp127.1t
n/aPE711.7xUtilities
TPIA Chandra Asri PacificRp7.58k2.4%
+Rp15.1t
227.9%PS19xMaterials
AMMN Amman Mineral InternasionalRp9.70k2.1%
+Rp14.5t
n/aPE212.3xMaterials
CUAN Petrindo Jaya KreasiRp7.45k19.7%
+Rp13.8t
709.8%PE351.4xEnergy
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.17k4.3%
+Rp12.9t
-23.6%PE13.1xTelecom
See more
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BREN

Rp9,225.00

Barito Renewables Energy

7D

11.5%

1Y

n/a

TPIA

Rp7,575.00

Chandra Asri Pacific

7D

2.4%

1Y

227.9%

BMRI

Rp6,900.00

Bank Mandiri (Persero)

7D

-0.7%

1Y

33.3%

PGAS

Rp1,470.00

Perusahaan Gas Negara

7D

11.4%

1Y

6.5%

AMMN

Rp9,700.00

Amman Mineral Internasional

7D

2.1%

1Y

n/a

BYAN

Rp18,950.00

Bayan Resources

7D

-0.4%

1Y

-10.6%

SILO

Rp2,400.00

Siloam International Hospitals

7D

-5.9%

1Y

45.0%

MAPA

Rp790.00

Map Aktif Adiperkasa

7D

-15.5%

1Y

53.4%

BBNI

Rp5,250.00

Bank Negara Indonesia (Persero)

7D

-0.9%

1Y

12.9%

BBRI

Rp4,940.00

Bank Rakyat Indonesia (Persero)

7D

-4.1%

1Y

-4.1%

MEDC

Rp1,350.00

Medco Energi Internasional

7D

-5.3%

1Y

49.2%

CUAN

Rp7,450.00

Petrindo Jaya Kreasi

7D

19.7%

1Y

709.8%

BRPT

Rp1,020.00

Barito Pacific

7D

9.7%

1Y

25.9%

TLKM

Rp3,170.00

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

7D

4.3%

1Y

-23.6%

PANI

Rp4,930.00

Pantai Indah Kapuk Dua

7D

-4.3%

1Y

317.8%

ASII

Rp5,150.00

Astra International

7D

4.0%

1Y

-22.0%