Indonesian (IDX) Market Analysis & Valuation
UpdatedMay 22, 2022
DataAggregated Company Financials
Companies703
- 7D3.3%
- 3M0.7%
- 1Y18.2%
- YTD1.9%
The market has climbed 3.3% in the last 7 days, lead by the Consumer Discretionary sector with a gain of 18%. Meanwhile, the Communication Services sector has underperformed, shrinking 3.2% in that time. The market is up 18% over the last 12 months. As for the next few years, earnings are expected to grow by 11% per annum.
Market Valuation and Performance
Has the Indonesian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | Rp8999.2t | Rp3962.5t | Rp500.4t | 18.5x |
| Wed, 20 Apr 2022 | Rp9228.1t | Rp3820.0t | Rp438.4t | 20.2x |
| Fri, 18 Mar 2022 | Rp8549.5t | Rp3685.8t | Rp414.8t | 21x |
| Sun, 13 Feb 2022 | Rp8361.6t | Rp3601.6t | Rp382.0t | 21x |
| Tue, 11 Jan 2022 | Rp8189.1t | Rp3544.2t | Rp359.2t | 21.3x |
| Thu, 09 Dec 2021 | Rp8018.6t | Rp3502.9t | Rp356.0t | 21x |
| Sat, 06 Nov 2021 | Rp7854.9t | Rp3423.0t | Rp319.6t | 20.4x |
| Mon, 04 Oct 2021 | Rp7408.0t | Rp3313.2t | Rp293.6t | 21.3x |
| Wed, 01 Sep 2021 | Rp7255.0t | Rp3320.3t | Rp290.2t | 21.3x |
| Thu, 08 Jul 2021 | Rp7031.5t | Rp3316.6t | Rp291.2t | 19.7x |
| Wed, 31 Mar 2021 | Rp6984.2t | Rp3127.7t | Rp237.0t | 21.3x |
| Sat, 02 Jan 2021 | Rp6899.6t | Rp3071.2t | Rp213.6t | 25.5x |
| Tue, 06 Oct 2020 | Rp7925.9t | Rp3215.6t | Rp246.5t | 20.1x |
| Fri, 10 Jul 2020 | Rp55699.4t | Rp3341.9t | Rp290.3t | 18.4x |
| Thu, 02 Apr 2020 | Rp55280.0t | Rp3593.8t | Rp329.0t | 14x |
| Sun, 05 Jan 2020 | Rp57296.9t | Rp3582.2t | Rp349.8t | 20.6x |
| Wed, 09 Oct 2019 | Rp57121.3t | Rp3612.8t | Rp341.5t | 16.5x |
| Tue, 02 Jul 2019 | Rp57257.9t | Rp3574.9t | Rp342.4t | 16.6x |
Median PE Ratio
16.8x
Current Market PE
- Investors are relatively neutral on the 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 19.6x.
Past Earnings Growth
- The earnings for Indonesian listed companies have grown 13% per year over the last three years.
- Revenues for these companies have grown 3.8% 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 | 3.26% | |
| Consumer Discretionary | 18.19% | |
| Energy | 4.41% | |
| Materials | 3.52% | |
| Utilities | 3.42% | |
| Healthcare | 3.02% | |
| Consumer Staples | 3.00% | |
| Industrials | 2.69% | |
| Financials | 2.01% | |
| Real Estate | 1.22% | |
| Tech | -0.57% | |
| Telecom | -3.23% | |
Sector PE
- Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 31.4x.
- Analysts are expecting annual earnings growth of 35%, which is lower than the prior year's growth of 65% per year.
- This could indicate that the market believes that analysts are underestimating future growth.
- Investors are most pessimistic about the Energy sector, which is trading close to its 3-year average of 11.5x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 35% over the next 5 years.
- However this is lower than its past earnings growth rate of 65% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 5.2% 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 | |
|---|---|---|---|---|---|---|
| GOTO GoTo Gojek Tokopedia | Rp304.00 | 56.7% +Rp129.2t | n/a | PS107.3x | Consumer Discretionary | |
| BBRI Bank Rakyat Indonesia (Persero) | Rp4.43k | 4.2% +Rp27.3t | 13.9% | PB2.5x | Financials | |
| MDKA Merdeka Copper Gold | Rp4.86k | 11.0% +Rp11.0t | 96.0% | PS211x | Materials | |
| INCO Vale Indonesia | Rp7.98k | 15.6% +Rp10.7t | 70.8% | PS27x | Materials | |
| DSSA Dian Swastatika Sentosa | Rp41.30k | 50.2% +Rp10.6t | 257.6% | PS18.1x | Energy |