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Indonesian (IDX) Tech Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies33
- 7D-0.4%
- 3M-2.4%
- 1Y25.1%
- YTD-3.8%
Over the last 7 days, the Tech industry has remained flat, although notably WIR ASIA gained 43%. As for the the longer term, the industry is up 25% over the past 12 months. Earnings are forecast to grow by 6.5% annually.
Sector Valuation and Performance
Has the Indonesian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | Rp164.7t | Rp70.4t | Rp2.3t | 30.7x | 72.5x | 2.3x |
| Thu, 19 Dec 2024 | Rp167.7t | Rp70.2t | Rp2.3t | 31.2x | 73.3x | 2.4x |
| Sat, 16 Nov 2024 | Rp190.1t | Rp71.8t | Rp2.2t | 29.1x | 86x | 2.6x |
| Mon, 14 Oct 2024 | Rp160.7t | Rp70.7t | Rp1.9t | 30.1x | 84.4x | 2.3x |
| Wed, 11 Sep 2024 | Rp137.5t | Rp70.3t | Rp1.9t | 20.6x | 74.2x | 2x |
| Fri, 09 Aug 2024 | Rp127.4t | Rp70.3t | Rp1.9t | 13.6x | 68.5x | 1.8x |
| Sun, 07 Jul 2024 | Rp124.4t | Rp71.3t | Rp1.3t | 12.4x | 93.3x | 1.7x |
| Tue, 04 Jun 2024 | Rp113.5t | Rp70.4t | Rp1.1t | 11.7x | 104.9x | 1.6x |
| Thu, 02 May 2024 | Rp112.7t | Rp61.1t | Rp1.0t | 21.6x | 109.8x | 1.8x |
| Sat, 30 Mar 2024 | Rp112.8t | Rp60.9t | Rp1.5t | 20.2x | 73.7x | 1.9x |
| Mon, 26 Feb 2024 | Rp114.3t | Rp60.8t | Rp1.5t | 21.5x | 73.8x | 1.9x |
| Wed, 24 Jan 2024 | Rp132.9t | Rp64.1t | Rp1.6t | 27.2x | 80.6x | 2.1x |
| Fri, 22 Dec 2023 | Rp143.7t | Rp64.1t | Rp1.6t | 27.9x | 88.5x | 2.2x |
| Sun, 19 Nov 2023 | Rp122.9t | Rp64.5t | Rp1.6t | 28.3x | 75.7x | 1.9x |
| Tue, 17 Oct 2023 | Rp120.5t | Rp62.0t | Rp1.6t | 25x | 77x | 1.9x |
| Thu, 14 Sep 2023 | Rp116.3t | Rp62.0t | Rp1.6t | 26.9x | 74.5x | 1.9x |
| Sat, 12 Aug 2023 | Rp121.7t | Rp73.2t | Rp1.7t | 27.4x | 70.3x | 1.7x |
| Mon, 10 Jul 2023 | Rp122.6t | Rp69.6t | Rp2.1t | 33.2x | 57.1x | 1.8x |
| Wed, 07 Jun 2023 | Rp127.0t | Rp69.4t | Rp2.1t | 34.5x | 59.6x | 1.8x |
| Fri, 05 May 2023 | Rp128.9t | Rp68.7t | Rp2.2t | 42.4x | 58.7x | 1.9x |
| Sun, 02 Apr 2023 | Rp136.3t | Rp60.4t | Rp2.1t | 33.9x | 64.1x | 2.3x |
| Tue, 28 Feb 2023 | Rp139.4t | Rp73.5t | Rp1.9t | 30.1x | 72.8x | 1.9x |
| Thu, 26 Jan 2023 | Rp139.0t | Rp73.7t | Rp1.9t | 23.8x | 71.9x | 1.9x |
| Sat, 24 Dec 2022 | Rp144.5t | Rp73.7t | Rp1.7t | 21.4x | 85.6x | 2x |
| Mon, 21 Nov 2022 | Rp144.3t | Rp72.8t | Rp2.4t | 20.7x | 60.1x | 2x |
| Wed, 19 Oct 2022 | Rp155.1t | Rp116.3t | Rp3.2t | 21.1x | 48.2x | 1.3x |
| Fri, 16 Sep 2022 | Rp170.9t | Rp116.4t | Rp3.2t | 20.2x | 52.9x | 1.5x |
| Sun, 14 Aug 2022 | Rp163.7t | Rp102.0t | Rp4.3t | 19.7x | 38.4x | 1.6x |
| Tue, 12 Jul 2022 | Rp178.8t | Rp99.3t | Rp4.0t | 20.9x | 44.8x | 1.8x |
| Thu, 09 Jun 2022 | Rp170.6t | Rp98.1t | Rp4.0t | 28x | 42.7x | 1.7x |
| Sat, 07 May 2022 | Rp182.9t | Rp101.1t | Rp3.4t | 24.7x | 54.3x | 1.8x |
| Mon, 04 Apr 2022 | Rp182.4t | Rp96.5t | Rp3.3t | 34.5x | 55.9x | 1.9x |
| Wed, 02 Mar 2022 | Rp185.4t | Rp96.4t | Rp3.2t | 45.4x | 57.3x | 1.9x |
| Fri, 28 Jan 2022 | Rp185.5t | Rp96.3t | Rp3.2t | 47.7x | 57.3x | 1.9x |
Price to Earnings Ratio
57.3x
Current Industry PE
- Investors are relatively neutral on the Indonesian Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 70.8x.
- The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 11% per year over the last three years,
- Revenues have also declined 9.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Indonesian Tech sector?
| ID Market | 1.13% | |
| Tech | -0.36% | |
| Tech Hardware | 0.84% | |
| IT | 0.0081% | |
| Semiconductors | 0% | 0 |
| Software | -2.48% | |
| Communications | -3.81% | |
| Electronic Equipment and Components | -5.54% | |
Industry PE
- Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 289x.
- Analysts are expecting annual earnings growth of 6.5%, which is lower than the prior year's growth of 26.5% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 6.5% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
- In contrast, the IT industry is expected to see its earnings grow by 6.5% 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 | |
|---|---|---|---|---|---|
| WIRG WIR ASIA | Rp111.00 | 30.6% +Rp310.4b | 14.4% | PE17x | |
| EDGE Indointernet | Rp3.74k | 3.3% +Rp242.4b | -14.0% | PE30.2x | |
| DCII DCI Indonesia | Rp41.30k | 0.2% +Rp238.4b | 4.6% | PE165.9x | |
| TRON Teknologi Karya Digital Nusa | Rp149.00 | 15.5% +Rp59.0b | -38.9% | PE52.8x | |
| INET Sinergi Inti Andalan Prima | Rp77.00 | 10.0% +Rp52.5b | 10.0% | PE398.8x |