Indonesian (IDX) Tech Sector Analysis
UpdatedDec 03, 2022
DataAggregated Company Financials
Companies28
- 7D0.9%
- 3M-10.1%
- 1Y-26.7%
- YTD-28.6%
Over the last 7 days, the Tech industry has remained flat, although notably M Cash Integrasi gained 20%. Unfortunately though, the industry is down 27% over the past 12 months. Earnings are forecast to grow by 73% 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 |
|---|---|---|---|---|---|---|
| Sat, 03 Dec 2022 | Rp144.6t | Rp80.5t | Rp1.6t | 23.3x | 90.8x | 1.8x |
| Mon, 31 Oct 2022 | Rp154.8t | Rp117.3t | Rp3.2t | 21.1x | 48.2x | 1.3x |
| Wed, 28 Sep 2022 | Rp168.9t | Rp116.4t | Rp3.2t | 26.6x | 52.3x | 1.5x |
| Fri, 26 Aug 2022 | Rp166.5t | Rp102.4t | Rp3.6t | 19.7x | 45.6x | 1.6x |
| Sun, 24 Jul 2022 | Rp176.9t | Rp100.9t | Rp4.1t | 19.7x | 43.3x | 1.8x |
| Tue, 21 Jun 2022 | Rp159.6t | Rp98.2t | Rp4.0t | 24.6x | 39.9x | 1.6x |
| Thu, 19 May 2022 | Rp179.3t | Rp101.2t | Rp3.5t | 40.5x | 51.2x | 1.8x |
| Sat, 16 Apr 2022 | Rp187.9t | Rp99.5t | Rp3.4t | 28.2x | 55.8x | 1.9x |
| Mon, 14 Mar 2022 | Rp178.8t | Rp96.4t | Rp3.3t | 41.2x | 54.5x | 1.9x |
| Wed, 09 Feb 2022 | Rp188.4t | Rp96.4t | Rp3.2t | 48x | 58.2x | 2x |
| Fri, 07 Jan 2022 | Rp209.3t | Rp96.4t | Rp3.2t | 91.6x | 64.6x | 2.2x |
| Sun, 05 Dec 2021 | Rp199.9t | Rp96.2t | Rp3.3t | 47.9x | 60.8x | 2.1x |
| Tue, 02 Nov 2021 | Rp209.5t | Rp93.0t | Rp2.7t | 61.6x | 78.6x | 2.3x |
| Thu, 30 Sep 2021 | Rp207.8t | Rp93.1t | Rp2.6t | 86x | 78.5x | 2.2x |
| Sat, 28 Aug 2021 | Rp241.3t | Rp93.2t | Rp2.6t | 54.5x | 91.5x | 2.6x |
| Sun, 04 Jul 2021 | Rp237.8t | Rp93.2t | Rp2.6t | 41.7x | 90.1x | 2.6x |
| Wed, 07 Apr 2021 | Rp77.6t | Rp88.1t | Rp1.7t | 23.8x | 47x | 0.9x |
| Sat, 09 Jan 2021 | Rp35.7t | Rp85.8t | Rp763.4b | 35.8x | 46.8x | 0.4x |
| Fri, 02 Oct 2020 | Rp30.5t | Rp89.8t | Rp871.0b | 28x | 35x | 0.3x |
| Mon, 06 Jul 2020 | Rp29.4t | Rp94.5t | Rp885.7b | 20.2x | 33.2x | 0.3x |
| Thu, 09 Apr 2020 | Rp23.3t | Rp99.3t | Rp1.0t | 11.2x | 23.1x | 0.2x |
| Wed, 01 Jan 2020 | Rp34.5t | Rp96.8t | Rp1.1t | 27.7x | 31x | 0.4x |
Price to Earnings Ratio
26.1x
Current Industry PE
- Investors are optimistic on the Indonesian Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 90.8x which is higher than its 3-year average PE of 50.3x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 5.8% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.4% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Indonesian Tech sector?
| ID Market | 0.33% | |
| Tech | 0.89% | |
| Communications | 6.62% | |
| Electronic Equipment and Components | 2.41% | |
| IT | 1.60% | |
| Semiconductors | 0% | |
| Tech Hardware | -3.04% | |
| Software | -5.05% | |
Industry PE
- Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 443x.
- Analysts expect its future annual earnings growth (69.9%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 76% over the next 5 years.
- This is better than its past earnings decline of 93% per year.
- In contrast, the IT industry is expected to see its earnings grow by 70% 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 | |
|---|---|---|---|---|---|
| MCAS M Cash Integrasi | Rp9.00k | 20.0% +Rp1.3t | -25.0% | PE285.2x | |
| TECH Indosterling Technomedia | Rp4.25k | 26.5% +Rp1.1t | -43.1% | PE956.7x | |
| GLVA Galva Technologies | Rp470.00 | 20.5% +Rp120.0b | 70.3% | PE10.4x | |
| KETR Ketrosden Triasmitra | Rp256.00 | 15.3% +Rp96.6b | n/a | PE8x | |
| MTDL Metrodata Electronics | Rp585.00 | 0.9% +Rp61.4b | -20.5% | PE13.6x |