Healthcare Equipment & Providers

Indonesia / Healthcare /  Healthcare Equipment & Providers

The Healthcare Equipment & Providers subsector on the Indonesia Stock Exchange consists of various subindustries, such as healthcare providers and healthcare supplies & distributions. This subsector is significant in Indonesia's market due to the country's growing population and increasing demand for healthcare services. Currently, this sub-sector appears to be on an upward trend, with a notable total market capitalization growth of approximately 2% over the last 365 days. However, a closer look at individual companies reveals that a larger number are showing negative changes (14) in market capitalization compared to those with positive changes (4). 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 Mitra Keluarga Karyasehat Tbk, PT Siloam International Hospitals Tbk, Sejahteraraya Anugrahjaya Tbk, PT Medikaloka Hermina Tbk, and PT Famon Awal Bros Sedaya Tbk.

P/E Value

The Healthcare Equipment & Providers sub-sector is generally considered defensive due to the consistent demand for healthcare services regardless of economic conditions. Historically, the P/E values for this sub-sector have been moderate. The current lower P/E values compared to last year may be influenced by factors such as increased competition, regulatory changes, or ...

20.90

Price to Earnings

Healthcare Equipment & Providers Sector P/E
20.90
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).
Healthcare Equipment & Providers Weighted Sector P/E
-44.15
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
8.46

Resilience & Health Index

In the Healthcare Equipment & Providers sub-sector, out of 20 companies, 10 placed in the sub-sector ranking based on price changes in the previous 30 days. This sub-sector has been outperforming IDX for average price changes in the last month, with 7 out of the 20 companies experiencing positive price changes. One possible reason for this outperformance could be the ...

7.8

Sector Health Score

Healthcare Equipment & Providers Sector Max Drawdown
-0.30
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
-0.28
Healthcare Equipment & Providers 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)
0.15

Sector Growth Index

The Healthcare Equipment & Providers sub-sector in Indonesia has shown significant growth in the past year, with average YoY quarter earnings and revenue changes of 55.77% and 16.97% respectively. Ranking 13th in earnings and 11th in ...

1.6

Sector Growth Score

Trailing 3Y Healthcare Equipment & Providers Sector Growth
+16.34%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Healthcare Equipment & Providers Current Revenue Growth
17.04%
The change in revenue this quarter compared to the same period a year ago.
Healthcare Equipment & Providers Current Earnings Growth
55.72%
The change in earnings per share (EPS) this quarter compared to the same period a year ago.
Healthcare Equipment & Providers 1Y Market Cap Growth
-1.84%
The change in market capitalization relative to the same period a year ago.
Healthcare Equipment & Providers Recent Performance
45th
Recent growth beats 45% of all sectors in Indonesia.
Healthcare Equipment & Providers '24 Revenue Growth Forecast
+9.53%
The estimated change in revenue for the Healthcare Equipment & Providers sector in 2024.
Healthcare Equipment & Providers '24 Earnings Growth Forecast
-0.87%
The estimated change in earnings for the Healthcare Equipment & Providers sector in 2024.

Top Companies

Most profitable companies in Healthcare Equipment & Providers

Company

Profit (billion)

1211.28

916.13

437.35

259.87

259.36

Key Figures

Healthcare Equipment & Providers companies on IDX

20

Total Market Cap. (IDR, billion)

IDR 144,077.48B

1.22% of total market cap. on IDX
Range of P/E Value

-535 - 361

Average of 20.9 P/E
Sector CAGR

> 20%

Compound Annual Revenue Growth of 17.04%

Healthcare Equipment & Providers Sector Performance

IDR 144.08T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Healthcare Equipment & Providers
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/Equity22.1824.3536.9320.90Lower than average of last 3 years
Price/Book3.164.202.812.04Lower than average of last 3 years
Price/Sales3.023.173.522.94Lower than average of last 3 years
Price/Cash Flow17.4013.2511.4216.39Higher than average of last 3 years

Executive Summary

Sector Performance

1W

-3.3%

1Y

-1.8%

YTD

+6.4%

Trailing 12 Months

Overall -1.8%

−0.04−0.020.020.040.060.08

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

45%

35
55
75
0
100

This sector has a return that beats 45% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

1.40%

Dividend-paying companies in this sector pay out a dividend yield of 1.40% on average over the past 12 months. This beats the average dividend yield of all companies on IDX, which is around 3.28%.

Sector Stabillity

86%

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 11%. This gives the sector a score of 86%.

RSD (Relative Standard Deviation)
86%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-30.48%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Healthcare Equipment & Providers sector has remained flat, although notably PT Charlie Hospital Semarang Tbk. has gained 25.13% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 17.04% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 55.72% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
SRAJ.JK(+38.0%), PRIM.JK(+34.9%), MTMH.JK(+24.8%), HEAL.JK(+21.9%), SILO.JK(+17.5%).

Last 12 Months

Companies in the Healthcare Equipment & Providers sector have seen a -1.8% 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 Healthcare Equipment & Providers sector has been negative with March (+8.1%), July (+6.9%) and October (+3.6%) being the best performing months.

Sector Valuation

Has the Healthcare Equipment & Providers sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Healthcare Equipment & Providers sector is trading at a median PE ratio of 20.90x, which is lower than its 3-year historical average PE of -44.15x. This puts the sector in the overvalued category based on its historical valuation.
  • Companies in the Healthcare Equipment & Providers have an extremely wide range of PE ratio, going between -535x to 361x.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 Itama Ranoraya Tbk. commands a premium with a PE ratio of 143.87 while PT Diagnos Laboratorium Utama Tbk is trading at a PE ratio of only -43.86.
  • When weighted by market cap, the Healthcare Equipment & Providers sector is trading at a PE ratio of -44.15x as compared to the unweighted PE ratio of 20.90x. The unweighted sector median is a significant premium (2.5x) to the overall IDX median of 8.46x.
  • The Healthcare Equipment & Providers sector is trading at a PE ratio (20.90) that represents a substantial discount to its historical average (27.82).

Sector Gainers

RSCH Logo
PT Charlie Hospital Semarang Tbk.
RSCH.JK
Last Trading Day

IDR 234.00

1 Month

+25.13%

SILO Logo
PT Siloam International Hospitals Tbk.
SILO.JK
Last Trading Day

IDR 2,400.00

1 Month

+6.19%

1 Year

+45.90%

P/E Ratio

25.68

DGNS Logo
PT Diagnos Laboratorium Utama Tbk
DGNS.JK
Last Trading Day

IDR 356.00

1 Month

+5.33%

1 Year

+48.33%

P/E Ratio

-43.86

SURI Logo
PT Maja Agung Latexindo Tbk.
SURI.JK
Last Trading Day

IDR 334.00

1 Month

+3.09%

IRRA Logo
PT Itama Ranoraya Tbk.
IRRA.JK
Last Trading Day

IDR 496.00

1 Month

+1.64%

1 Year

-40.24%

P/E Ratio

143.87