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Indonesian (IDX) IT Industry Analysis

UpdatedMay 19, 2024
DataAggregated Company Financials
Companies11
  • 7D4.9%
  • 3M2.9%
  • 1Y-2.6%
  • YTD-11.2%

Over the last 7 days, the IT industry has risen 4.9%, driven by gains from DCI Indonesia of 5.6%. Meanwhile, Multipolar Technology actually underperformed within the industry, shrinking 12% in the last week. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

Has the Indonesian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024Rp102.1tRp34.6tRp1.5t13.3x67.2x3x
Tue, 16 Apr 2024Rp95.4tRp24.1tRp1.1t16.8x85.1x4x
Thu, 14 Mar 2024Rp94.2tRp23.3tRp1.2t18.3x80.7x4x
Sat, 10 Feb 2024Rp108.7tRp24.2tRp1.4t19.9x76.6x4.5x
Mon, 08 Jan 2024Rp123.5tRp24.2tRp1.4t30x86.9x5.1x
Wed, 06 Dec 2023Rp142.2tRp24.2tRp1.4t30.6x102.5x5.9x
Fri, 03 Nov 2023Rp96.5tRp20.6tRp991.0b30.7x97.4x4.7x
Sun, 01 Oct 2023Rp97.8tRp20.6tRp991.0b36.9x98.7x4.7x
Tue, 29 Aug 2023Rp97.7tRp28.9tRp1.0t38.1x97x3.4x
Thu, 27 Jul 2023Rp98.5tRp28.5tRp1.1t39.8x87.1x3.5x
Sat, 24 Jun 2023Rp104.2tRp28.4tRp1.1t34.3x95.7x3.7x
Mon, 22 May 2023Rp104.2tRp28.4tRp1.1t35.8x95.5x3.7x
Wed, 19 Apr 2023Rp105.4tRp19.5tRp1.1t41x99.3x5.4x
Fri, 17 Mar 2023Rp110.8tRp30.3tRp973.6b61.3x113.8x3.7x
Sun, 12 Feb 2023Rp113.1tRp30.5tRp852.2b61.3x132.8x3.7x
Tue, 10 Jan 2023Rp115.5tRp30.4tRp850.5b62.7x135.8x3.8x
Thu, 08 Dec 2022Rp113.3tRp30.4tRp602.8b149.2x187.9x3.7x
Sat, 05 Nov 2022Rp119.6tRp30.6tRp540.7b173.4x221.1x3.9x
Mon, 03 Oct 2022Rp124.3tRp30.5tRp570.4b179.6x218x4.1x
Wed, 31 Aug 2022Rp127.8tRp18.1tRp936.2b182.6x136.5x7.1x
Fri, 29 Jul 2022Rp129.3tRp17.6tRp772.2b112.4x167.4x7.4x
Sun, 26 Jun 2022Rp118.8tRp17.5tRp756.4b123.2x157.1x6.8x
Tue, 24 May 2022Rp131.5tRp23.2tRp169.4b122.2x776.3x5.7x
Thu, 21 Apr 2022Rp141.8tRp22.8tRp121.1b117.1x1171.1x6.2x
Sat, 19 Mar 2022Rp136.4tRp22.6tRp100.0b148.7x1364.7x6x
Mon, 14 Feb 2022Rp141.1tRp22.5tRp55.5b136.1x2542x6.3x
Wed, 12 Jan 2022Rp141.9tRp22.5tRp55.5b116.5x2555.8x6.3x
Fri, 10 Dec 2021Rp138.5tRp22.4tRp105.8b157x1308.6x6.2x
Sun, 07 Nov 2021Rp149.5tRp21.6tRp195.0b79.6x766.7x6.9x
Tue, 05 Oct 2021Rp147.0tRp21.7tRp171.7b83.8x856.3x6.8x
Thu, 02 Sep 2021Rp156.3tRp21.8tRp151.7b90.1x1030.7x7.2x
Sat, 31 Jul 2021Rp174.1tRp21.8tRp151.7b95.5x1147.7x8x
Price to Earnings Ratio

380.5x


Total Market Cap: Rp49.7tTotal Earnings: Rp130.6bTotal Revenue: Rp21.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 498.4x202220232024
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 66.4x which is lower than its 3-year average PE of 498x.
  • The 3-year average PS ratio of 5.1x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 127% 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 Market4.25%
Tech3.93%
IT4.89%
Internet Services and Infrastructure5.60%
Data Processing Services0%
IT Consulting-0.14%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry even though it's trading below its 3-year average PE ratio of 309x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • 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 IT Consulting industry, expecting annual earnings growth of 8.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 48% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 8.8% 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
DCII DCI IndonesiaRp37.50k5.6%
+Rp4.8t		0.2%PE167x
EDGE IndointernetRp4.72k5.1%
+Rp464.7b		22.3%PE37.7x
CYBR ITSEC AsiaRp408.0016.6%
+Rp374.1b		n/aPS12.6x
KREN Quantum Clovera InvestamaRp5.0025.0%
+Rp18.2b		-90.0%PS0.008x
AREA Dunia Virtual OnlineRp141.003.7%
+Rp12.7b		n/aPE135.1x
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Latest News

ATIC

Rp368.00

Anabatic Technologies

7D

-2.1%

1Y

5.1%

CYBR

Rp408.00

ITSEC Asia

7D

16.6%

1Y

n/a

MLPT

Rp1,230.00

Multipolar Technology

7D

-12.5%

1Y

-32.8%

KREN

Rp5.00

Quantum Clovera Investama

7D

25.0%

1Y

-90.0%

WIRG

Rp97.00

WIR ASIA

7D

-2.0%

1Y

-21.8%

MSTI

Rp1,500.00

Mastersystem Infotama

7D

-1.0%

1Y

n/a

ELIT

Rp94.00

Data Sinergitama Jaya

7D

3.3%

1Y

-63.8%

AREA

Rp141.00

Dunia Virtual Online

7D

3.7%

1Y

n/a

WGSH

Rp57.00

Wira Global Solusi

7D

3.6%

1Y

-65.5%

DCII

Rp37,500.00

DCI Indonesia

7D

5.6%

1Y

0.2%

EDGE

Rp4,720.00

Indointernet

7D

5.1%

1Y

22.3%