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Indonesian (IDX) Real Estate Sector Analysis

UpdatedMay 19, 2024
DataAggregated Company Financials
Companies83
  • 7D2.0%
  • 3M-7.9%
  • 1Y-10.0%
  • YTD-8.8%

Over the last 7 days, the Real Estate industry has risen 2.0%, driven by gains in Maha Properti Indonesia and Summarecon Agung of 7.8% and 13%, respectively. In the past year, the industry is down 10%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

Has the Indonesian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024Rp225.3tRp98.5tRp10.4t17.1x21.7x2.3x
Tue, 16 Apr 2024Rp230.9tRp95.5tRp12.8t18.2x18x2.4x
Thu, 14 Mar 2024Rp236.9tRp95.3tRp17.0t13.2x13.9x2.5x
Sat, 10 Feb 2024Rp243.9tRp94.7tRp16.8t14x14.5x2.6x
Mon, 08 Jan 2024Rp249.0tRp94.7tRp16.7t14.4x14.9x2.6x
Wed, 06 Dec 2023Rp254.6tRp95.3tRp16.6t14.4x15.4x2.7x
Fri, 03 Nov 2023Rp242.8tRp95.1tRp15.7t14.6x15.4x2.6x
Sun, 01 Oct 2023Rp253.7tRp97.8tRp16.8t14.6x15.1x2.6x
Tue, 29 Aug 2023Rp276.1tRp98.1tRp17.3t15.1x16x2.8x
Thu, 27 Jul 2023Rp268.0tRp94.9tRp16.2t16.7x16.6x2.8x
Sat, 24 Jun 2023Rp246.2tRp94.9tRp15.8t13.3x15.6x2.6x
Mon, 22 May 2023Rp238.0tRp94.9tRp15.7t15.9x15.1x2.5x
Wed, 19 Apr 2023Rp226.4tRp92.2tRp12.6t17.8x17.9x2.5x
Fri, 17 Mar 2023Rp220.0tRp91.7tRp12.7t16.5x17.3x2.4x
Sun, 12 Feb 2023Rp233.8tRp91.9tRp12.8t15.9x18.2x2.5x
Tue, 10 Jan 2023Rp235.2tRp92.0tRp12.9t16.7x18.2x2.6x
Thu, 08 Dec 2022Rp231.7tRp91.8tRp12.7t14.4x18.3x2.5x
Sat, 05 Nov 2022Rp228.4tRp88.5tRp11.0t18.3x20.7x2.6x
Mon, 03 Oct 2022Rp218.0tRp85.4tRp8.9t18.9x24.6x2.6x
Wed, 31 Aug 2022Rp221.7tRp85.9tRp8.9t17.6x25x2.6x
Fri, 29 Jul 2022Rp216.2tRp84.4tRp7.9t20.7x27.4x2.6x
Sun, 26 Jun 2022Rp217.2tRp84.5tRp7.9t18.4x27.6x2.6x
Tue, 24 May 2022Rp220.1tRp82.6tRp5.5t27.2x40.3x2.7x
Thu, 21 Apr 2022Rp225.1tRp81.6tRp5.3t27.2x42.3x2.8x
Sat, 19 Mar 2022Rp227.6tRp80.7t-Rp3,723,267,772,925.0032.9x-61.1x2.8x
Mon, 14 Feb 2022Rp226.0tRp80.4t-Rp4,023,818,406,381.0033.8x-56.2x2.8x
Wed, 12 Jan 2022Rp228.5tRp80.4t-Rp4,023,818,406,381.0033.6x-56.8x2.8x
Fri, 10 Dec 2021Rp240.9tRp78.6t-Rp3,223,344,806,401.0036.5x-74.7x3.1x
Sun, 07 Nov 2021Rp256.8tRp76.0t-Rp5,137,341,389,715.0028.9x-50x3.4x
Tue, 05 Oct 2021Rp254.4tRp73.7t-Rp6,361,997,024,939.0028x-40x3.5x
Thu, 02 Sep 2021Rp254.4tRp75.4t-Rp8,303,885,264,103.0027x-30.6x3.4x
Sat, 31 Jul 2021Rp256.0tRp75.4t-Rp8,303,885,264,103.0026.5x-30.8x3.4x
Price to Earnings Ratio

-38x


Total Market Cap: Rp259.3tTotal Earnings: -Rp6,823,526,415,438.00Total Revenue: Rp70.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Real Estate Sector Price to Earnings3Y Average 1.9x202220232024
Current Industry PE
  • Investors are optimistic on the Indonesian Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.7x which is higher than its 3-year average PE of 1.9x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 12% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indonesian Real Estate sector?

ID Market4.25%
Real Estate2.03%
Real Estate2.03%
REITS0%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Retail REITs0%
Office REITs0%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 1.9x.
    • Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings growth of 4.4% per year.
  • Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.9x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 4.4% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 15% 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
MPRO Maha Properti IndonesiaRp1.60k7.8%
+Rp1.1t		-13.3%PS2841.4x
SMRA Summarecon AgungRp575.0012.7%
+Rp1.1t		-12.9%PE12.4x
PWON Pakuwon JatiRp398.003.6%
+Rp674.2b		-16.4%PE10.4x
BSDE Bumi Serpong DamaiRp955.002.7%
+Rp522.8b		-16.6%PE8x
BKSL Sentul CityRp36.005.9%
+Rp335.4b		-28.0%PE26.6x
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GMTD

Rp4,630.00

Gowa Makassar Tourism Development

7D

-0.9%

1Y

n/a

OMRE

Rp458.00

Indonesia Prima Property

7D

-4.6%

1Y

-10.2%

TRUE

Rp13.00

Triniti Dinamik

7D

-18.8%

1Y

-74.0%

DUTI

Rp4,560.00

Duta Pertiwi

7D

1.6%

1Y

-6.4%

BSDE

Rp955.00

Bumi Serpong Damai

7D

2.7%

1Y

-16.6%

NIRO

Rp140.00

City Retail Developments

7D

-0.7%

1Y

-4.1%

ASRI

Rp137.00

Alam Sutera Realty

7D

6.2%

1Y

-23.9%

POLL

Rp130.00

Pollux Properties Indonesia

7D

-5.1%

1Y

-19.3%

BKSL

Rp36.00

Sentul City

7D

5.9%

1Y

-28.0%

SMRA

Rp575.00

Summarecon Agung

7D

12.7%

1Y

-12.9%

PWON

Rp398.00

Pakuwon Jati

7D

3.6%

1Y

-16.4%

MPRO

Rp1,595.00

Maha Properti Indonesia

7D

7.8%

1Y

-13.3%

RISE

Rp970.00

Jaya Sukses Makmur Sentosa

7D

-0.5%

1Y

6.6%

INDO

Rp105.00

Royalindo Investa Wijaya

7D

-7.9%

1Y

7.1%

APLN

Rp117.00

Agung Podomoro Land

7D

4.5%

1Y

-15.8%

MKPI

Rp27,675.00

Metropolitan Kentjana

7D

-0.3%

1Y

2.5%