Food & Staples Retailing

Indonesia / Consumer Non-Cyclicals /  Food & Staples Retailing

The Food & Staples Retailing subsector on the Indonesia Stock Exchange encompasses various industries such as supermarkets, convenience stores, food retail and distributors, and drug retail and distributors. This subsector plays a major role in Indonesia's market due to the country's large population and rising middle class, which has led to increased consumer spending on food and staples. Currently, this sub-sector appears to be on an upward trend, with a notable total market capitalization growth of approximately 4% over the last 365 days. However, a closer look at individual companies reveals that a larger number are showing negative changes (8) in market capitalization compared to those with positive changes (6). 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 PT Sumber Alfaria Trijaya Tbk, Midi Utama Indonesia Tbk, PT Diamond Food Indonesia Tbk, Enseval Putera Megatrading Tbk, and Hero Supermarket Tbk.

Key Figures

Food & Staples Retailing companies on IDX

14

Total Market Cap. (IDR, billion)

IDR 147,255.92B

1.28% of total market cap. on IDX
Range of P/E Value

-16 - 41

Average of 5.6 P/E
Sector CAGR

> 10%

Compound Annual Revenue Growth of 12.26%

Food & Staples Retailing Sector Performance

IDR 147.26T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Food & Staples Retailing
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)
Metric2020202120222023Current (TTM)
Price/Equity8.4018.0714.456.345.62Lower than average of last 3 yearsRanked 4 of all sectors
Price/Book2.714.883.672.611.12Lower than average of last 3 years
Price/Sales0.390.590.440.300.21Lower than average of last 3 yearsRanked 2 of all sectors
Price/Cash Flow4.907.964.555.899.04Higher than average of last 3 yearsRanked 27 of all sectors

Executive Summary

Sector Performance

1W

-1.7%

1Y

+0.2%

YTD

-8.7%

Trailing 12 Months

Overall +0.2%

−0.4−0.20.20.40.60.8

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

55%

35
55
75
0
100

This sector has a return that beats 55% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

3.25%

Dividend-paying companies in this sector pay out a dividend yield of 3.25% on average over the past 12 months. This beats the average dividend yield of all companies on IDX, which is around 3.45%.

Sector Stabillity

100%

35
55
75
0
100

This sector is very stable, with a RSD (Relative Standard Deviation) of 5%. Companies on IDX have an average RSD of 14%. This gives the sector a score of 100%.

RSD (Relative Standard Deviation)
100%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-18.18%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Food & Staples Retailing sector has remained flat, although notably PT Segar Kumala Indonesia Tbk has gained 37.93% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 12.26% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 10.82% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
DAYA.JK(+33.5%), SDPC.JK(+29.2%), KMDS.JK(+21.0%), PCAR.JK(+21.0%), MLPL.JK(+20.5%).

Last 12 Months

Companies in the Food & Staples Retailing sector have seen a +0.2% change in market cap over the last 12 months. A decline in market cap over the last 12 months is not necessarily a bad thing. It could be that investors are readjusting expectations for the sector, or affected by rotation into other higher-growth sectors.

Most of the last 12 months in the Food & Staples Retailing sector has been positive with November (+97.8%), July (+5.8%) and August (+4.3%) being the best performing months.

Sector Valuation

Has the Food & Staples Retailing sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Food & Staples Retailing sector is trading at a median PE ratio of 5.62x, which is lower than its 3-year historical average PE of 28.63x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Food & Staples Retailing have an extremely wide range of PE ratio, going between -16x to 41x.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 Segar Kumala Indonesia Tbk commands a premium with a PE ratio of 41.27 while Hero Supermarket Tbk is trading at a PE ratio of only -10.21.
  • When weighted by market cap, the Food & Staples Retailing sector is trading at a PE ratio of 28.63x as compared to the unweighted PE ratio of 5.62x. The unweighted sector median is a considerable discount (1.4x) to the overall IDX median of 8.07x.
  • The Food & Staples Retailing sector is trading at a PE ratio (5.62) that represents a substantial discount to its historical average (11.82).

Sector Gainers

BUAH Logo
PT Segar Kumala Indonesia Tbk
BUAH.JK
Last Trading Day

IDR 1,600.00

1 Month

+37.93%

1 Year

+7.38%

P/E Ratio

41.27

MIDI Logo
Midi Utama Indonesia Tbk
MIDI.JK
Last Trading Day

IDR 388.00

1 Month

+0.52%

1 Year

-3.48%

P/E Ratio

23.26

MPPA Logo
Matahari Putra Prima Tbk
MPPA.JK
Last Trading Day

IDR 50.00

1 Month

0.00%

1 Year

-35.90%

P/E Ratio

-3.50

PCAR Logo
PT Prima Cakrawala Abadi Tbk
PCAR.JK
Last Trading Day

IDR 50.00

1 Month

0.00%

1 Year

0.00%

P/E Ratio

5.62

HERO Logo
Hero Supermarket Tbk
HERO.JK
Last Trading Day

IDR 695.00

1 Month

-0.71%

1 Year

-50.36%

P/E Ratio

-10.21

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