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Indonesian (IDX) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies830
  • 7D-1.6%
  • 3M0.7%
  • 1Y9.9%
  • YTD-1.2%

Over the last 7 days, the market has dropped 1.6%, driven by a decline of 14% in the Utilities sector. In contrast to the last week, the market is actually up 9.9% over the past year. Looking forward, earnings are forecast to grow by 22% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024Rp11499.8tRp4940.8tRp598.5t14.6x19.2x2.3x
Thu, 15 Feb 2024Rp11225.7tRp4915.7tRp596.1t15x18.8x2.3x
Sat, 13 Jan 2024Rp11213.2tRp4937.4tRp583.1t15.2x19.2x2.3x
Mon, 11 Dec 2023Rp11330.8tRp4935.9tRp584.1t14.7x19.4x2.3x
Wed, 08 Nov 2023Rp10527.3tRp4976.8tRp612.5t14.8x17.2x2.1x
Fri, 06 Oct 2023Rp10208.0tRp4990.5tRp615.9t15.6x16.6x2x
Sun, 03 Sep 2023Rp10152.1tRp4967.8tRp615.8t16.2x16.5x2x
Tue, 01 Aug 2023Rp9919.9tRp4979.0tRp628.7t16.4x15.8x2x
Thu, 29 Jun 2023Rp9354.8tRp4901.3tRp604.7t15.8x15.5x1.9x
Sat, 27 May 2023Rp9378.4tRp4892.2tRp605.9t16.2x15.5x1.9x
Mon, 24 Apr 2023Rp9568.0tRp4821.8tRp616.2t15.5x15.5x2x
Wed, 22 Mar 2023Rp8908.1tRp4675.5tRp656.5t14.2x13.6x1.9x
Fri, 17 Feb 2023Rp9321.4tRp4676.0tRp628.2t14.3x14.8x2x
Sun, 15 Jan 2023Rp8990.3tRp4630.8tRp621.8t14.1x14.5x1.9x
Tue, 13 Dec 2022Rp9096.8tRp4662.3tRp632.4t13.9x14.4x2x
Thu, 10 Nov 2022Rp9181.3tRp4557.3tRp609.7t14.9x15.1x2x
Sat, 08 Oct 2022Rp9136.1tRp4359.5tRp570.4t16.5x16x2.1x
Mon, 05 Sep 2022Rp9173.6tRp4260.9tRp551.5t16x16.6x2.2x
Wed, 03 Aug 2022Rp8976.7tRp4158.0tRp550.1t16x16.3x2.2x
Fri, 01 Jul 2022Rp8818.3tRp4059.3tRp521.5t16x16.9x2.2x
Sun, 29 May 2022Rp9100.0tRp3975.1tRp509.4t18.7x17.9x2.3x
Tue, 26 Apr 2022Rp9286.5tRp3833.6tRp442.0t19.6x21x2.4x
Thu, 24 Mar 2022Rp8589.1tRp3693.5tRp419.6t20.8x20.5x2.3x
Sat, 19 Feb 2022Rp8460.0tRp3600.7tRp381.4t20.7x22.2x2.3x
Mon, 17 Jan 2022Rp8183.4tRp3543.6tRp359.3t21.5x22.8x2.3x
Wed, 15 Dec 2021Rp8091.6tRp3508.3tRp357.4t21.2x22.6x2.3x
Fri, 12 Nov 2021Rp8091.1tRp3438.2tRp325.4t21x24.9x2.4x
Sun, 10 Oct 2021Rp7707.5tRp3329.8tRp296.1t21x26x2.3x
Tue, 07 Sep 2021Rp7263.9tRp3319.0tRp288.7t20.9x25.2x2.2x
Thu, 05 Aug 2021Rp7316.4tRp3318.5tRp291.5t21x25.1x2.2x
Sun, 09 May 2021Rp6992.0tRp3133.2tRp238.3t22.1x29.3x2.2x
Price to Earnings Ratio

29.5x


Total Market Cap: Rp6984.2tTotal Earnings: Rp237.0tTotal Revenue: Rp3127.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 19.5x202220232024
Current Market PE
  • Investors are relatively neutral on the Indonesian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 19.5x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 36% per year over the last three years.
  • Revenues for these companies have grown 16% 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-1.57%
Tech3.20%
Consumer Discretionary2.53%
Healthcare2.31%
Consumer Staples0.69%
Materials0.11%
Telecom0.11%
Industrials-0.18%
Real Estate-0.58%
Energy-1.58%
Financials-1.62%
Utilities-13.64%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 33.4x.
    • Analysts are expecting annual earnings growth of 5.3%, which is lower than the prior year's growth of 25.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings growth rate of 16% 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
AMMN Amman Mineral InternasionalRp8.85k5.7%
+Rp34.2t
n/aPE98.3xMaterials
MASA Multistrada Arah SaranaRp5.10k27.2%
+Rp10.0t
32.5%PE41.3xConsumer Discretionary
BNBR Bakrie & BrothersRp50.000%
Rp6.9t
-2.0%PE33.7xIndustrials
BTPN Bank BTPNRp2.61k0.8%
+Rp6.5t
6.5%PB0.7xFinancials
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.92k1.6%
+Rp5.9t
-1.8%PE16.4xTelecom
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

BNBR

Rp50.00

Bakrie & Brothers

7D

0%

1Y

-2.0%

BTPN

Rp2,610.00

Bank BTPN

7D

0.8%

1Y

6.5%

BMRI

Rp7,175.00

Bank Mandiri (Persero)

7D

0.7%

1Y

43.5%

MASA

Rp5,100.00

Multistrada Arah Sarana

7D

27.2%

1Y

32.5%

ADMR

Rp1,315.00

Adaro Minerals Indonesia

7D

-9.6%

1Y

20.1%

BBRI

Rp6,000.00

Bank Rakyat Indonesia (Persero)

7D

-5.5%

1Y

23.0%

TPIA

Rp5,275.00

Chandra Asri Pacific

7D

-5.4%

1Y

136.5%

CUAN

Rp4,720.00

Petrindo Jaya Kreasi

7D

-28.2%

1Y

604.5%

TLKM

Rp3,920.00

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

7D

1.6%

1Y

-1.8%

AMMN

Rp8,850.00

Amman Mineral Internasional

7D

5.7%

1Y

n/a

BRPT

Rp960.00

Barito Pacific

7D

-5.0%

1Y

24.7%

INKP

Rp9,150.00

Indah Kiat Pulp & Paper

7D

9.9%

1Y

28.4%

CASA

Rp560.00

Capital Financial Indonesia

7D

-17.6%

1Y

-19.4%