Indonesian (IDX) Market Analysis & Valuation
UpdatedJun 04, 2024
DataAggregated Company Financials
Companies839
- 7D-4.2%
- 3M2.3%
- 1Y4.5%
- YTD0.6%
Over the last 7 days, the market has dropped 4.2%, driven by a decline of 28% in the Utilities sector. As for the longer term, the market has actually risen by 4.5% in the last year. Looking forward, earnings are forecast to grow by 31% annually.
Market Valuation and Performance
Has the Indonesian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Jun 2024 | Rp11698.4t | Rp4998.3t | Rp505.7t | 14.3x | 23.1x | 2.3x |
| Thu, 02 May 2024 | Rp11936.3t | Rp4979.8t | Rp514.4t | 15.1x | 23.2x | 2.4x |
| Sat, 30 Mar 2024 | Rp11555.6t | Rp4924.8t | Rp537.3t | 14.1x | 21.5x | 2.3x |
| Mon, 26 Feb 2024 | Rp11425.4t | Rp4908.5t | Rp593.9t | 14.6x | 19.2x | 2.3x |
| Wed, 24 Jan 2024 | Rp11427.4t | Rp4944.8t | Rp584.2t | 14.9x | 19.6x | 2.3x |
| Fri, 22 Dec 2023 | Rp11461.0t | Rp4931.4t | Rp584.4t | 14.7x | 19.6x | 2.3x |
| Sun, 19 Nov 2023 | Rp10919.5t | Rp4940.2t | Rp599.1t | 15x | 18.2x | 2.2x |
| Tue, 17 Oct 2023 | Rp10247.1t | Rp4989.6t | Rp608.9t | 15.7x | 16.8x | 2.1x |
| Thu, 14 Sep 2023 | Rp10121.2t | Rp4971.3t | Rp616.7t | 16.4x | 16.4x | 2x |
| Sat, 12 Aug 2023 | Rp9949.1t | Rp4986.9t | Rp623.0t | 16.4x | 16x | 2x |
| Mon, 10 Jul 2023 | Rp9568.2t | Rp4975.3t | Rp624.4t | 15.7x | 15.3x | 1.9x |
| Wed, 07 Jun 2023 | Rp9249.9t | Rp4890.9t | Rp604.7t | 15.7x | 15.3x | 1.9x |
| Fri, 05 May 2023 | Rp9593.0t | Rp4853.8t | Rp616.4t | 16.2x | 15.6x | 2x |
| Sun, 02 Apr 2023 | Rp9366.3t | Rp4822.5t | Rp621.4t | 14.2x | 15.1x | 1.9x |
| Tue, 28 Feb 2023 | Rp9320.6t | Rp4696.5t | Rp633.4t | 14.4x | 14.7x | 2x |
| Thu, 26 Jan 2023 | Rp9240.7t | Rp4623.6t | Rp620.2t | 14.1x | 14.9x | 2x |
| Sat, 24 Dec 2022 | Rp9212.6t | Rp4662.8t | Rp626.5t | 14.1x | 14.7x | 2x |
| Mon, 21 Nov 2022 | Rp9294.9t | Rp4581.0t | Rp614.2t | 14.7x | 15.1x | 2x |
| Wed, 19 Oct 2022 | Rp8870.0t | Rp4376.3t | Rp572.9t | 16x | 15.5x | 2x |
| Fri, 16 Sep 2022 | Rp9374.4t | Rp4337.3t | Rp566.7t | 16.9x | 16.5x | 2.2x |
| Sun, 14 Aug 2022 | Rp9146.9t | Rp4189.6t | Rp538.3t | 16.1x | 17x | 2.2x |
| Tue, 12 Jul 2022 | Rp8645.0t | Rp4083.6t | Rp525.6t | 15.7x | 16.4x | 2.1x |
| Thu, 09 Jun 2022 | Rp9128.9t | Rp4004.4t | Rp512.7t | 17.4x | 17.8x | 2.3x |
| Sat, 07 May 2022 | Rp9394.5t | Rp3913.1t | Rp489.3t | 19.5x | 19.2x | 2.4x |
| Mon, 04 Apr 2022 | Rp8686.8t | Rp3745.1t | Rp435.9t | 20.9x | 19.9x | 2.3x |
| Wed, 02 Mar 2022 | Rp8507.1t | Rp3615.8t | Rp388.9t | 20.4x | 21.9x | 2.4x |
| Fri, 28 Jan 2022 | Rp8100.7t | Rp3544.5t | Rp359.1t | 20.5x | 22.6x | 2.3x |
| Sun, 26 Dec 2021 | Rp8030.3t | Rp3504.4t | Rp357.4t | 20.5x | 22.5x | 2.3x |
| Tue, 23 Nov 2021 | Rp8192.3t | Rp3457.3t | Rp331.7t | 21x | 24.7x | 2.4x |
| Thu, 21 Oct 2021 | Rp7916.3t | Rp3324.6t | Rp296.3t | 21.2x | 26.7x | 2.4x |
| Sat, 18 Sep 2021 | Rp7279.3t | Rp3296.2t | Rp291.5t | 21x | 25x | 2.2x |
| Mon, 16 Aug 2021 | Rp7263.2t | Rp3320.0t | Rp290.2t | 21.2x | 25x | 2.2x |
Price to Earnings Ratio
24.1x
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 23.1x which is higher than its 3-year average PE of 18.9x.
Past Earnings Growth
- The earnings for Indonesian listed companies have grown 20% per year over the last three years.
- Revenues for these companies have grown 15% 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 Market | -4.22% | |
| Energy | 1.02% | |
| Telecom | 0.82% | |
| Financials | 0.17% | |
| Healthcare | -1.17% | |
| Industrials | -1.50% | |
| Materials | -1.52% | |
| Consumer Staples | -1.66% | |
| Real Estate | -1.83% | |
| Tech | -2.90% | |
| Consumer Discretionary | -3.02% | |
| Utilities | -27.55% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 43.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 5.1% which is higher than its past year's earnings decline of 17.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 89% over the next 5 years.
- This is better than its past earnings growth rate of 6.3% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| TPIA Chandra Asri Pacific | Rp9.20k | 4.0% +Rp30.3t | 351.0% | PS23x | Materials | |
| BMRI Bank Mandiri (Persero) | Rp6.10k | 4.7% +Rp25.7t | 20.2% | PB2.4x | Financials | |
| DSSA Dian Swastatika Sentosa | Rp211.00k | 18.5% +Rp20.3t | 465.7% | PE18.8x | Energy | |
| TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia | Rp2.93k | 4.3% +Rp11.9t | -28.2% | PE12.1x | Telecom | |
| MBMA Merdeka Battery Materials | Rp725.00 | 16.9% +Rp11.3t | -8.2% | PE696.4x | Materials |
