Indonesian (IDX) IT Industry Analysis
UpdatedJan 29, 2023
DataAggregated Company Financials
Companies11
- 7D-1.8%
- 3M-7.6%
- 1Y-21.6%
- YTD-3.0%
Over the last 7 days, the IT industry has dropped 1.8%, driven by DCI Indonesia declining 1.9%. Meanwhile, WIR ASIA actually outperformed within the industry, gaining 15% in the last week. However, the industry is down 22% over the past year. As for the next few years, earnings are expected to grow by 70% per annum.
Industry Valuation and Performance
Has the Indonesian IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 29 Jan 2023 | Rp111.3t | Rp30.5t | Rp852.2b | 56.5x | 130.6x | 3.7x |
| Tue, 27 Dec 2022 | Rp115.2t | Rp30.4t | Rp601.9b | 151.6x | 191.4x | 3.8x |
| Thu, 24 Nov 2022 | Rp114.9t | Rp30.7t | Rp607.4b | 131.5x | 189.2x | 3.7x |
| Sat, 22 Oct 2022 | Rp120.4t | Rp30.5t | Rp570.4b | 172.2x | 211.1x | 4x |
| Mon, 19 Sep 2022 | Rp130.3t | Rp30.5t | Rp568.8b | 184x | 229.1x | 4.3x |
| Wed, 17 Aug 2022 | Rp124.2t | Rp17.8t | Rp965.5b | 108.9x | 128.6x | 7x |
| Fri, 15 Jul 2022 | Rp139.6t | Rp17.5t | Rp756.4b | 116.5x | 184.6x | 8x |
| Sun, 12 Jun 2022 | Rp125.8t | Rp17.5t | Rp755.9b | 124.6x | 166.4x | 7.2x |
| Tue, 10 May 2022 | Rp136.6t | Rp22.9t | Rp133.5b | 121.4x | 1023.5x | 6x |
| Thu, 07 Apr 2022 | Rp137.9t | Rp22.8t | Rp118.9b | 143.1x | 1160.1x | 6x |
| Sat, 05 Mar 2022 | Rp137.9t | Rp22.5t | Rp55.5b | 141.7x | 2483.5x | 6.1x |
| Mon, 31 Jan 2022 | Rp138.9t | Rp22.5t | Rp55.5b | 124.8x | 2502.4x | 6.2x |
| Wed, 29 Dec 2021 | Rp118.1t | Rp22.4t | Rp107.6b | 127x | 1097.8x | 5.3x |
| Fri, 26 Nov 2021 | Rp141.9t | Rp21.6t | Rp205.8b | 70.5x | 689.5x | 6.6x |
| Sun, 24 Oct 2021 | Rp153.0t | Rp21.6t | Rp189.8b | 80.8x | 805.7x | 7.1x |
| Tue, 21 Sep 2021 | Rp145.8t | Rp21.7t | Rp171.7b | 87.9x | 848.8x | 6.7x |
| Thu, 19 Aug 2021 | Rp136.3t | Rp21.8t | Rp151.7b | 80.3x | 898.4x | 6.3x |
| Thu, 03 Jun 2021 | Rp49.7t | Rp21.9t | Rp130.6b | 40.6x | 380.5x | 2.3x |
| Sun, 07 Mar 2021 | Rp48.3t | Rp21.6t | -Rp79,853,249,795.00 | 136.6x | -604.5x | 2.2x |
| Wed, 09 Dec 2020 | Rp6.1t | Rp20.6t | -Rp113,509,294,228.00 | 26.5x | -53.4x | 0.3x |
| Tue, 01 Sep 2020 | Rp5.3t | Rp21.1t | -Rp24,243,146,733.00 | 19.9x | -219.8x | 0.3x |
| Fri, 05 Jun 2020 | Rp4.6t | Rp20.3t | Rp20.3b | 129.6x | 225.9x | 0.2x |
| Mon, 09 Mar 2020 | Rp4.3t | Rp19.3t | Rp247.4b | 50.1x | 17.4x | 0.2x |
Price to Earnings Ratio
19.1x
Current Industry PE
- Investors are pessimistic on the Indonesian IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 131x which is lower than its 3-year average PE of 441x.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 51% 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.
Industry Trends
Which industries have driven the changes within the Indonesian Tech industry?
| ID Market | 0.45% | |
| Tech | -1.31% | |
| IT | -1.75% | |
| Data Processing Services | 2.14% | |
| Internet Services and Infrastructure | -1.92% | |
| IT Consulting | -2.32% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 146x.
- Analysts are expecting annual earnings growth of 69.9%, which is higher than its past year's earnings growth of 0.6% per year.
- Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 70% over the next 5 years.
- This is better than its past earnings growth rate of 0.6% per year.
- In contrast, the Data Processing Services 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 | |
|---|---|---|---|---|---|
| WIRG WIR ASIA | Rp161.00 | 15.0% +Rp250.3b | n/a | n/a | |
| MCAS M Cash Integrasi | Rp7.03k | 2.6% +Rp151.9b | -37.8% | PE222.6x | |
| ELIT Data Sinergitama Jaya | Rp137.00 | 9.6% +Rp24.4b | n/a | PE56.9x |