Heavy Constructions & Civil Engineering

Indonesia / Infrastructures /  Heavy Constructions & Civil Engineering

The Heavy Constructions & Civil Engineering subsector on the Indonesia Stock Exchange is a significant player in the country's market due to its crucial role in infrastructure development. With Indonesia's growing population and urbanization, there is a constant demand for new roads, bridges, buildings, and other construction projects. Additionally, the Indonesian government has been actively promoting infrastructure development, which further boosts the potential for growth in this subsector. At this moment, this sub-sector appears to be in a bearish market sentiment, with a total market cap depreciation of approximately -16% over the past 365 days. It's possible that around 20 companies within this sub-sector may have encountered a negative market cap change, while it seems that only about 6 companies might have experienced a positive market cap change, indicating a challenging market environment. Notable companies in this subsector, based on market capitalization, include PT Waskita Karya (Persero) Tbk, PP (Persero) Tbk, Bukaka Teknik Utama Tbk, PT Surya Semesta Internusa Tbk, and PT Berdikari Pondasi Perkasa Tbk.

Key Figures

Heavy Constructions & Civil Engineering companies on IDX

29

Total Market Cap. (IDR, billion)

IDR 34,948.45B

0.30% of total market cap. on IDX
Range of P/E Value

-107 - 52

Average of 6.8 P/E
Sector CAGR

> 20%

Compound Annual Revenue Growth of 23.42%

Heavy Constructions & Civil Engineering Sector Performance

IDR 34.95T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Heavy Constructions & Civil Engineering
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/Equity9.2412.247.186.81Lower than average of last 3 years
Price/Book1.270.861.000.66Lower than average of last 3 years
Price/Sales1.180.830.680.45Lower than average of last 3 years
Price/Cash Flow2.737.150.475.81Higher than average of last 3 years

Executive Summary

Sector Performance

1W

+1.4%

1Y

-9.8%

YTD

+11.8%

Trailing 12 Months

Overall -9.8%

−0.15−0.10−0.050.05

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

30%

35
55
75
0
100

This sector has a return that beats 30% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

2.97%

Dividend-paying companies in this sector pay out a dividend yield of 2.97% 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
-36.40%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Heavy Constructions & Civil Engineering sector has remained flat, although notably PT Surya Semesta Internusa Tbk has gained 73.58% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 23.42% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average decline of -1897.91% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
ACST.JK(+162.8%), WEGE.JK(+93.7%), BUKK.JK(+86.3%), ADHI.JK(+81.5%), TOTL.JK(+37.3%).

Last 12 Months

Companies in the Heavy Constructions & Civil Engineering sector have seen a -9.8% change in market cap over the last 12 months. Investors have become pessimistic on the sector couple with macroeconomic factors that might be strong headwinds for the sector.

Most of the last 12 months in the Heavy Constructions & Civil Engineering sector has been negative with June (+7.7%), September (+7.5%) and April (+7.2%) being the best performing months.

Sector Valuation

Has the Heavy Constructions & Civil Engineering sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Heavy Constructions & Civil Engineering sector is trading at a median PE ratio of 6.81x, which is lower than its 3-year historical average PE of 14.31x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Heavy Constructions & Civil Engineering have an extremely wide range of PE ratio, going between -107x to 52x.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 Surya Semesta Internusa Tbk commands a premium with a PE ratio of 51.52 while PT Meta Epsi Tbk. is trading at a PE ratio of only -0.61.
  • When weighted by market cap, the Heavy Constructions & Civil Engineering sector is trading at a PE ratio of 14.31x as compared to the unweighted PE ratio of 6.81x. The unweighted sector median is a considerable discount (1.3x) to the overall IDX median of 8.53x.
  • The Heavy Constructions & Civil Engineering sector is trading at a PE ratio (6.81) that represents a slight discount to its historical average (9.55).

Sector Gainers

SSIA Logo
PT Surya Semesta Internusa Tbk
SSIA.JK
Last Trading Day

IDR 920.00

1 Month

+73.58%

1 Year

+152.75%

P/E Ratio

51.52

MANG Logo
PT Manggung Polahraya Tbk
MANG.JK
Last Trading Day

IDR 156.00

1 Month

+48.57%

MTPS Logo
PT Meta Epsi Tbk.
MTPS.JK
Last Trading Day

IDR 9.00

1 Month

+12.50%

1 Year

-82.00%

P/E Ratio

-0.61

JKON Logo
Jaya Konstruksi Manggala Pratama Tbk
JKON.JK
Last Trading Day

IDR 101.00

1 Month

+12.22%

1 Year

-10.62%

P/E Ratio

8.95

PTPP Logo
PP (Persero) Tbk
PTPP.JK
Last Trading Day

IDR 525.00

1 Month

+3.96%

1 Year

-7.08%

P/E Ratio

8.77