Apparel & Luxury Goods

Indonesia / Consumer Cyclicals /  Apparel & Luxury Goods

The Apparel & Luxury Goods subsector on the Indonesia Stock Exchange encompasses various subindustries such as textiles, clothing, accessories, bags, and footwear. This subsector plays a significant role in Indonesia's market due to the country's rich history in textile production and its potential for growth in the luxury goods market. Indonesia has a long tradition of textile manufacturing, and with its large population and rising middle class, there is a growing demand for clothing and luxury goods. Additionally, the government has implemented policies to support the growth of the textile industry, making it an attractive sector for investment. Currently, this sub-sector appears to be on an upward trend, with a notable total market capitalization growth of approximately 6% over the last 365 days. However, a closer look at individual companies reveals that a larger number are showing negative changes (13) in market capitalization compared to those with positive changes (9). This indicates that the larger companies with positive changes are exerting a significant influence on the overall market capitalization, despite more companies experiencing declines. Notable companies in this subsector, based on market capitalization, include Tifico Fiber Indonesia Tbk, Argo Pantes Tbk, PT Sri Rejeki Isman Tbk, PT Indo-Rama Synthetics Tbk, and PT Hartadinata Abadi Tbk.

P/E Value

The Apparel & Luxury Goods sub-sector is typically considered cyclical, with historical P/E values fluctuating between moderate and high. The current negative P/E value compared to last year may be influenced by factors such as decreased consumer spending, economic uncertainty, and supply chain disruptions. None of the companies in this sub-sector currently have P/E ratios ...

-1.02

Price to Earnings

Apparel & Luxury Goods Sector P/E
-1.02
The Price-to-Earnings (P/E) ratio is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS).
Apparel & Luxury Goods Weighted Sector P/E
-47.62
The weighted average P/E ratio is a measure of the average P/E ratio of the companies in the sector, weighted by market capitalization.
Indonesia Stocks Avg. P/E
8.22

Resilience & Health Index

In the Apparel & Luxury Goods sub-sector of the Indonesia index, there are 23 companies with an average price change that is worse than the overall index in the last 30 days. This could be due to factors such as changing consumer preferences, increased competition, or economic uncertainty. Additionally, with 4.35% of companies in this sub-sector listing this month, barriers ...

8.0

Sector Health Score

Apparel & Luxury Goods Sector Max Drawdown
-0.27
The maximum drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown (MDD) is an indicator of downside risk over a specified time period.
Indonesia Stocks Avg. Max Drawdown
-0.26
Apparel & Luxury Goods RSD (Close)
0.13
The RSD (Close) is a measure of the volatility of a stock's daily price change. It is calculated as the standard deviation of each day's logarithmic returns summed over the past 90 days.
Indonesia Stocks Avg. RSD (Close)
0.14

Key Figures

Apparel & Luxury Goods companies on IDX

23

Total Market Cap. (IDR, billion)

IDR 18,800.28B

0.16% of total market cap. on IDX
Range of P/E Value

-213 - 16

Average of -1.0 P/E
Sector CAGR

> 0%

Compound Annual Revenue Growth of -1.58%

Apparel & Luxury Goods Sector Performance

IDR 18.80T

Sector Market Cap. (IDR, trillion)
  1. Last 4 Quaters

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Apparel & Luxury Goods
More than 5% deviation of median from the last 3 years
Within 5% deviation of median of last 3 years
TTM: Trailing Twelve Months (TTM)
Metric202020212022Current (TTM)
Price/Equity-9.041.04-0.65-1.02Lower than average of last 3 years
Price/Book0.830.720.530.45Lower than average of last 3 years
Price/Sales0.530.570.370.33Lower than average of last 3 years
Price/Cash Flow4.35-0.256.683.20Lower than average of last 3 years

Executive Summary

Sector Performance

1W

+0.8%

1Y

+7.3%

YTD

+1.9%

Trailing 12 Months

Overall +7.3%

−0.020.020.040.060.080.10

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

67%

35
55
75
0
100

This sector has a return that beats 67% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

4.63%

Dividend-paying companies in this sector pay out a dividend yield of 4.63% on average over the past 12 months. This beats the average dividend yield of all companies on IDX, which is around 3.23%.

Sector Stabillity

87%

35
55
75
0
100

This sector is comparably stable, with a RSD (Relative Standard Deviation) of 13%. Companies on IDX have an average RSD of 12%. This gives the sector a score of 87%.

RSD (Relative Standard Deviation)
87%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-26.81%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Apparel & Luxury Goods sector has remained flat, although notably PT Samcro Hyosung Adilestari Tbk. has gained 28.57% in the last month.

Current quarter

This quarter, the sector has seen an average revenue decline of -1.58% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average decline of -180.65% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
HRTA.JK(+67.3%), BIMA.JK(+63.0%), SSTM.JK(+25.4%), ARGO.JK(+13.3%), ERTX.JK(+12.1%).

Last 12 Months

Companies in the Apparel & Luxury Goods sector have seen a +7.3% change in market cap over the last 12 months. This is typical of a more mature sector, where investors are expecting reasonable growth to continue over the next few years.

Most of the last 12 months in the Apparel & Luxury Goods sector has been negative with July (+10.9%), February (+2.8%) and September (+1.5%) being the best performing months.

Sector Valuation

Has the Apparel & Luxury Goods sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Apparel & Luxury Goods sector is trading at a median PE ratio of -1.02x, which is lower than its 3-year historical average PE of -47.62x. This puts the sector in the overvalued category based on its historical valuation.
  • Companies in the Apparel & Luxury Goods have an extremely wide range of PE ratio, going between -213x to 16x.This makes it necessary to consider the outliers in the sector, and adjust for the respective market caps of each company to prevent any skewing of the data.
  • To add some perspective across the value disparity, among the top gainers in the last month, PT Hartadinata Abadi Tbk commands a premium with a PE ratio of 6.15 while Argo Pantes Tbk is trading at a PE ratio of only -33.75.
  • When weighted by market cap, the Apparel & Luxury Goods sector is trading at a PE ratio of -47.62x as compared to the unweighted PE ratio of -1.02x. The unweighted sector median is a significant premium (-0.1x) to the overall IDX median of 8.22x.
  • The Apparel & Luxury Goods sector is trading at a PE ratio (-1.02) that represents a slight premium to its historical average (-2.88).

Sector Gainers

ACRO Logo
PT Samcro Hyosung Adilestari Tbk.
ACRO.JK
Last Trading Day

IDR 117.00

1 Month

+28.57%

CNTX Logo
PT Century Textile Industry Tbk
CNTX.JK
Last Trading Day

IDR 140.00

1 Month

+14.75%

1 Year

-28.57%

P/E Ratio

-0.17

HRTA Logo
PT Hartadinata Abadi Tbk
HRTA.JK
Last Trading Day

IDR 410.00

1 Month

+12.64%

1 Year

+13.26%

P/E Ratio

6.15

MYTX Logo
PT Asia Pacific Investama Tbk.
MYTX.JK
Last Trading Day

IDR 54.00

1 Month

+5.88%

1 Year

-28.95%

P/E Ratio

-1.33

ARGO Logo
Argo Pantes Tbk
ARGO.JK
Last Trading Day

IDR 980.00

1 Month

+2.08%

1 Year

+71.93%

P/E Ratio

-33.75