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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.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 23 May 2022Rp8999.2tRp3962.5tRp500.4t18.5x
Wed, 20 Apr 2022Rp9228.1tRp3820.0tRp438.4t20.2x
Fri, 18 Mar 2022Rp8549.5tRp3685.8tRp414.8t21x
Sun, 13 Feb 2022Rp8361.6tRp3601.6tRp382.0t21x
Tue, 11 Jan 2022Rp8189.1tRp3544.2tRp359.2t21.3x
Thu, 09 Dec 2021Rp8018.6tRp3502.9tRp356.0t21x
Sat, 06 Nov 2021Rp7854.9tRp3423.0tRp319.6t20.4x
Mon, 04 Oct 2021Rp7408.0tRp3313.2tRp293.6t21.3x
Wed, 01 Sep 2021Rp7255.0tRp3320.3tRp290.2t21.3x
Thu, 08 Jul 2021Rp7031.5tRp3316.6tRp291.2t19.7x
Wed, 31 Mar 2021Rp6984.2tRp3127.7tRp237.0t21.3x
Sat, 02 Jan 2021Rp6899.6tRp3071.2tRp213.6t25.5x
Tue, 06 Oct 2020Rp7925.9tRp3215.6tRp246.5t20.1x
Fri, 10 Jul 2020Rp55699.4tRp3341.9tRp290.3t18.4x
Thu, 02 Apr 2020Rp55280.0tRp3593.8tRp329.0t14x
Sun, 05 Jan 2020Rp57296.9tRp3582.2tRp349.8t20.6x
Wed, 09 Oct 2019Rp57121.3tRp3612.8tRp341.5t16.5x
Tue, 02 Jul 2019Rp57257.9tRp3574.9tRp342.4t16.6x
Median PE Ratio

16.8x


Total Market Cap: Rp57070.1tTotal Earnings: Rp344.6tTotal Revenue: Rp3546.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Median PE3Y Average 19.6x202020212022
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 Market3.26%
Consumer Discretionary18.19%
Energy4.41%
Materials3.52%
Utilities3.42%
Healthcare3.02%
Consumer Staples3.00%
Industrials2.69%
Financials2.01%
Real Estate1.22%
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?

CompanyLast Price7D1YValuationSector
GOTO GoTo Gojek TokopediaRp304.0056.7%
+Rp129.2t
n/aPS107.3xConsumer Discretionary
BBRI Bank Rakyat Indonesia (Persero)Rp4.43k4.2%
+Rp27.3t
13.9%PB2.5xFinancials
MDKA Merdeka Copper GoldRp4.86k11.0%
+Rp11.0t
96.0%PS211xMaterials
INCO Vale IndonesiaRp7.98k15.6%
+Rp10.7t
70.8%PS27xMaterials
DSSA Dian Swastatika SentosaRp41.30k50.2%
+Rp10.6t
257.6%PS18.1xEnergy
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