Automobiles & Components

Indonesia / Consumer Cyclicals /  Automobiles & Components

The Automobiles & Components subsector on the Indonesia Stock Exchange encompasses various industries such as Auto Parts & Equipment and Tires. This subsector plays a major role in Indonesia's market due to the country's growing automotive industry. With a large population and increasing middle class, there is a rising demand for automobiles and related components. Additionally, the government has implemented policies to promote the development of the automotive sector, including tax incentives and investment opportunities. At this moment, this sub-sector seems to be experiencing a bullish trend, with a total market cap growth of around 18% over the past 365 days. It appears that 7 companies in this sub-sector might have seen a positive market cap change, while around 6 companies could have experienced a negative market cap change. Notable companies in this subsector, based on market capitalization, include Multistrada Arah Sarana Tbk, Selamat Sempurna Tbk, Astra Otoparts Tbk, PT VKTR Teknologi Mobilitas Tbk, and PT Dharma Polimetal Tbk.

P/E Value

The Automobiles & Components sub-sector is typically considered cyclical, with historical P/E values fluctuating between moderate and high levels. The current higher P/E value compared to last year may be influenced by factors such as increased consumer demand for vehicles, improved company performance, and overall market optimism. Four companies within the sub-sector, ...

7.29

Price to Earnings

Automobiles & Components Sector P/E
7.29
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).
Automobiles & Components Weighted Sector P/E
11.67
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
8.20

Resilience & Health Index

In the Automobiles & Components sub-sector, which consists of 17 companies, the average price changes in the last 30 days were worse than the overall IDX price changes. This could be due to factors such as decreased consumer demand or increased production costs. Additionally, with no new companies entering the market this month and barriers to entry remaining high, ...

7.1

Sector Health Score

Automobiles & Components Sector Max Drawdown
-0.42
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
Automobiles & Components RSD (Close)
0.15
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

Sector Growth Index

The Automobiles & Components sub-sector in Indonesia has shown significant growth in the past year, with a 99.42% increase in average YoY quarter earnings and a 21.15% increase in average YoY quarter revenue. Ranking 6th in earnings and ...

10.0

Sector Growth Score

Trailing 3Y Automobiles & Components Sector Growth
+4.70%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Automobiles & Components Current Revenue Growth
21.15%
The change in revenue this quarter compared to the same period a year ago.
Automobiles & Components Current Earnings Growth
99.42%
The change in earnings per share (EPS) this quarter compared to the same period a year ago.
Automobiles & Components 1Y Market Cap Growth
+31.41%
The change in market capitalization relative to the same period a year ago.
Automobiles & Components Recent Performance
88th
Recent growth beats 88% of all sectors in Indonesia.
Automobiles & Components '24 Revenue Growth Forecast
+13.89%
The estimated change in revenue for the Automobiles & Components sector in 2024.
Automobiles & Components '24 Earnings Growth Forecast
+43.74%
The estimated change in earnings for the Automobiles & Components sector in 2024.

Top Companies

Most profitable companies in Automobiles & Components

Company

Profit (billion)

1806.56

904.07

871.96

687.23

663.64

Key Figures

Automobiles & Components companies on IDX

17

Total Market Cap. (IDR, billion)

IDR 93,043.51B

0.79% of total market cap. on IDX
Range of P/E Value

-279 - 54

Average of 7.3 P/E
Sector CAGR

> 20%

Compound Annual Revenue Growth of 21.15%

Automobiles & Components Sector Performance

IDR 93.04T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Automobiles & Components
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/Equity11.2915.626.227.29Lower than average of last 3 years
Price/Book0.691.810.810.85Lower than average of last 3 years
Price/Sales0.900.820.720.95Higher than average of last 3 years
Price/Cash Flow7.429.829.938.37Lower than average of last 3 years

Executive Summary

Sector Performance

1W

+0.8%

1Y

+31.4%

YTD

+14.3%

Trailing 12 Months

Overall +31.4%

−0.100.100.200.30

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

88%

35
55
75
0
100

This sector has a return that beats 88% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

4.36%

Dividend-paying companies in this sector pay out a dividend yield of 4.36% 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

81%

35
55
75
0
100

This sector is comparably stable, with a RSD (Relative Standard Deviation) of 15%. Companies on IDX have an average RSD of 12%. This gives the sector a score of 81%.

RSD (Relative Standard Deviation)
81%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-42.29%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Automobiles & Components sector has remained flat, although notably Multistrada Arah Sarana Tbk has gained 29.05% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 21.15% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 99.42% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
DRMA.JK(+40.9%), MASA.JK(+37.2%), GDYR.JK(+4.9%).

Last 12 Months

Companies in the Automobiles & Components sector have seen a +31.4% change in market cap over the last 12 months. This signifies a sector that is growing rapidly, with investors anticipating a sustained period of growth.

Most of the last 12 months in the Automobiles & Components sector has been negative with November (+38.0%), June (+12.2%) and February (+11.1%) being the best performing months.

Sector Valuation

Has the Automobiles & Components sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Automobiles & Components sector is trading at a median PE ratio of 7.29x, which is lower than its 3-year historical average PE of 11.67x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Automobiles & Components have an extremely wide range of PE ratio, going between -279x to 54x.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, Multistrada Arah Sarana Tbk commands a premium with a PE ratio of 54.50 while Multi Prima Sejahtera Tbk is trading at a PE ratio of only 5.70.
  • When weighted by market cap, the Automobiles & Components sector is trading at a PE ratio of 11.67x as compared to the unweighted PE ratio of 7.29x. The unweighted sector median is a valuation that is largely on par with the overall IDX median of 8.20x.
  • The Automobiles & Components sector is trading at a PE ratio (7.29) that represents a substantial discount to its historical average (11.04).

Sector Gainers

MASA Logo
Multistrada Arah Sarana Tbk
MASA.JK
Last Trading Day

IDR 5,175.00

1 Month

+29.05%

1 Year

+26.84%

P/E Ratio

54.50

BOLT Logo
PT Garuda Metalindo Tbk.
BOLT.JK
Last Trading Day

IDR 830.00

1 Month

+7.10%

1 Year

+16.90%

P/E Ratio

12.16

GJTL Logo
Gajah Tunggal Tbk
GJTL.JK
Last Trading Day

IDR 1,240.00

1 Month

+6.90%

1 Year

+108.40%

P/E Ratio

6.29

GDYR Logo
Goodyear Indonesia Tbk
GDYR.JK
Last Trading Day

IDR 1,305.00

1 Month

+2.76%

1 Year

+3.16%

P/E Ratio

7.29

LPIN Logo
Multi Prima Sejahtera Tbk
LPIN.JK
Last Trading Day

IDR 330.00

1 Month

+2.48%

1 Year

-10.81%

P/E Ratio

5.70