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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Jan 2023Rp111.3tRp30.5tRp852.2b56.5x130.6x3.7x
Tue, 27 Dec 2022Rp115.2tRp30.4tRp601.9b151.6x191.4x3.8x
Thu, 24 Nov 2022Rp114.9tRp30.7tRp607.4b131.5x189.2x3.7x
Sat, 22 Oct 2022Rp120.4tRp30.5tRp570.4b172.2x211.1x4x
Mon, 19 Sep 2022Rp130.3tRp30.5tRp568.8b184x229.1x4.3x
Wed, 17 Aug 2022Rp124.2tRp17.8tRp965.5b108.9x128.6x7x
Fri, 15 Jul 2022Rp139.6tRp17.5tRp756.4b116.5x184.6x8x
Sun, 12 Jun 2022Rp125.8tRp17.5tRp755.9b124.6x166.4x7.2x
Tue, 10 May 2022Rp136.6tRp22.9tRp133.5b121.4x1023.5x6x
Thu, 07 Apr 2022Rp137.9tRp22.8tRp118.9b143.1x1160.1x6x
Sat, 05 Mar 2022Rp137.9tRp22.5tRp55.5b141.7x2483.5x6.1x
Mon, 31 Jan 2022Rp138.9tRp22.5tRp55.5b124.8x2502.4x6.2x
Wed, 29 Dec 2021Rp118.1tRp22.4tRp107.6b127x1097.8x5.3x
Fri, 26 Nov 2021Rp141.9tRp21.6tRp205.8b70.5x689.5x6.6x
Sun, 24 Oct 2021Rp153.0tRp21.6tRp189.8b80.8x805.7x7.1x
Tue, 21 Sep 2021Rp145.8tRp21.7tRp171.7b87.9x848.8x6.7x
Thu, 19 Aug 2021Rp136.3tRp21.8tRp151.7b80.3x898.4x6.3x
Thu, 03 Jun 2021Rp49.7tRp21.9tRp130.6b40.6x380.5x2.3x
Sun, 07 Mar 2021Rp48.3tRp21.6t-Rp79,853,249,795.00136.6x-604.5x2.2x
Wed, 09 Dec 2020Rp6.1tRp20.6t-Rp113,509,294,228.0026.5x-53.4x0.3x
Tue, 01 Sep 2020Rp5.3tRp21.1t-Rp24,243,146,733.0019.9x-219.8x0.3x
Fri, 05 Jun 2020Rp4.6tRp20.3tRp20.3b129.6x225.9x0.2x
Mon, 09 Mar 2020Rp4.3tRp19.3tRp247.4b50.1x17.4x0.2x
Price to Earnings Ratio

19.1x


Total Market Cap: Rp4.7tTotal Earnings: Rp247.4bTotal Revenue: Rp19.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 440.5x202120222023
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 Market0.45%
Tech-1.31%
IT-1.75%
Data Processing Services2.14%
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?

CompanyLast Price7D1YValuation
WIRG WIR ASIARp161.0015.0%
+Rp250.3b
n/an/a
MCAS M Cash IntegrasiRp7.03k2.6%
+Rp151.9b
-37.8%PE222.6x
ELIT Data Sinergitama JayaRp137.009.6%
+Rp24.4b
n/aPE56.9x
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Latest News

ELIT

Rp137.00

Data Sinergitama Jaya

7D

9.6%

1Y

n/a

ATIC

Rp368.00

Anabatic Technologies

7D

-2.1%

1Y

-40.6%

EDGE

Rp19,800.00

Indointernet

7D

-0.5%

1Y

-8.1%

WIRG

Rp161.00

WIR ASIA

7D

15.0%

1Y

n/a

WGSH

Rp148.00

Wira Global Solusi

7D

-0.7%

1Y

0%

MCAS

Rp7,025.00

M Cash Integrasi

7D

2.6%

1Y

-37.8%

DCII

Rp37,000.00

DCI Indonesia

7D

-1.9%

1Y

-17.5%

CASH

Rp82.00

Cashlez Worldwide Indonesia

7D

-25.5%

1Y

-65.0%