Holding & Investment Companies

Indonesia / Financials /  Holding & Investment Companies

The Holding & Investment Companies subsector on the Indonesia Stock Exchange is an important component of the country's market. This subsector consists of various subindustries, such as Financial Holdings and Investment Companies. This subsector plays a major role in Indonesia's market due to its historical significance and potential for growth. Holding and Investment Companies are crucial for the development of various sectors within the economy, such as banking, infrastructure, and real estate. They provide capital, expertise, and strategic guidance to these sectors, contributing to their growth and overall economic development. Currently, this sub-sector appears to be on an upward trend, with a notable total market capitalization growth of approximately 3% over the last 365 days. However, a closer look at individual companies reveals that a larger number are showing negative changes (10) 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 PT Sinar Mas Multiartha Tbk, PT Indoritel Makmur Internasional Tbk, PT Capital Financial Indonesia Tbk, PT Saratoga Investama Sedaya Tbk, and PACIFIC STRATEGIC FINANCIAL Tbk.

P/E Value

The Holding & Investment Companies sub-sector is typically considered defensive due to its stable cash flows and dividends. Historically, the P/E values for this sub-sector have been moderate. The current lower P/E values compared to last year could be influenced by factors such as economic uncertainty, lower investor confidence, or specific company performance issues. With ...

7.19

Price to Earnings

Holding & Investment Companies Sector P/E
7.19
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).
Holding & Investment Companies Weighted Sector P/E
206.47
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

The Holding & Investment Companies sub-sector, consisting of 19 companies, ranked 31st in price changes in the last 30 days, performing worse than the average IDX price changes. This could be due to the lack of new listings in the sub-sector, with the last one occurring in 2019. Barriers to entry may be high, impacting market health. Only 5 out of the 19 companies saw ...

8.3

Sector Health Score

Holding & Investment Companies Sector Max Drawdown
-0.26
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
Holding & Investment Companies RSD (Close)
0.08
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

In the past year, the Holding & Investment Companies sub-sector in Indonesia has shown significant growth, with average YoY quarter earnings changes at 63.79%. However, there has been a decrease in revenue changes by -17.04%. Despite ...

1.0

Sector Growth Score

Trailing 3Y Holding & Investment Companies Sector Growth
+2.05%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Holding & Investment Companies Current Revenue Growth
-17.01%
The change in revenue this quarter compared to the same period a year ago.
Holding & Investment Companies Current Earnings Growth
62.63%
The change in earnings per share (EPS) this quarter compared to the same period a year ago.
Holding & Investment Companies 1Y Market Cap Growth
-0.52%
The change in market capitalization relative to the same period a year ago.
Holding & Investment Companies Recent Performance
45th
Recent growth beats 45% of all sectors in Indonesia.
Holding & Investment Companies '24 Revenue Growth Forecast
-52.20%
The estimated change in revenue for the Holding & Investment Companies sector in 2024.
Holding & Investment Companies '24 Earnings Growth Forecast
-51.03%
The estimated change in earnings for the Holding & Investment Companies sector in 2024.

Top Companies

Most profitable companies in Holding & Investment Companies

Company

Profit (billion)

1101.82

947.81

186.09

144.31

117.05

Key Figures

Holding & Investment Companies companies on IDX

19

Total Market Cap. (IDR, billion)

IDR 236,180.47B

1.99% of total market cap. on IDX
Range of P/E Value

-595 - 1270

Average of 7.2 P/E
Sector CAGR

> -20%

Compound Annual Revenue Growth of -17.01%

Holding & Investment Companies Sector Performance

IDR 236.18T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Holding & Investment Companies
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/Equity1.232.7818.877.19Lower than average of last 3 years
Price/Book0.781.241.290.94Lower than average of last 3 years
Price/Sales3.193.385.633.28Lower than average of last 3 years
Price/Cash Flow5.973.723.65-0.01Lower than average of last 3 years

Executive Summary

Sector Performance

1W

-0.5%

1Y

-0.5%

YTD

-4.4%

Trailing 12 Months

Overall -0.5%

−0.04−0.020.020.04

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

3.06%

Dividend-paying companies in this sector pay out a dividend yield of 3.06% 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

96%

35
55
75
0
100

This sector is very stable, with a RSD (Relative Standard Deviation) of 8%. Companies on IDX have an average RSD of 12%. This gives the sector a score of 96%.

RSD (Relative Standard Deviation)
96%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-25.92%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Holding & Investment Companies sector has remained flat, although notably PT Charnic Capital Tbk. has gained 8.80% in the last month.

Current quarter

This quarter, the sector has seen an average revenue decline of -17.01% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 62.63% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
MGNA.JK(+351.0%), DNET.JK(+26.2%), BCAP.JK(+19.2%), VICO.JK(+7.2%), APIC.JK(+4.9%).

Last 12 Months

Companies in the Holding & Investment Companies sector have seen a -0.5% 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 Holding & Investment Companies sector has been negative with January (+5.6%), November (+3.0%) and July (+2.4%) being the best performing months.

Sector Valuation

Has the Holding & Investment Companies sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Holding & Investment Companies sector is trading at a median PE ratio of 7.19x, which is lower than its 3-year historical average PE of 206.47x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Holding & Investment Companies have an extremely wide range of PE ratio, going between -595x to 1270x.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 Sinar Mas Multiartha Tbk commands a premium with a PE ratio of 84.38 while PT Charnic Capital Tbk. is trading at a PE ratio of only -1.45.
  • When weighted by market cap, the Holding & Investment Companies sector is trading at a PE ratio of 206.47x as compared to the unweighted PE ratio of 7.19x. The unweighted sector median is a valuation that is largely on par with the overall IDX median of 8.22x.
  • The Holding & Investment Companies sector is trading at a PE ratio (7.19) that represents a a valuation consistent with its historical average (7.63).

Sector Gainers

NICK Logo
PT Charnic Capital Tbk.
NICK.JK
Last Trading Day

IDR 272.00

1 Month

+8.80%

1 Year

+61.90%

P/E Ratio

-1.45

LPPS Logo
PT Lenox Pasifik Investama Tbk
LPPS.JK
Last Trading Day

IDR 72.00

1 Month

+5.88%

1 Year

+5.88%

P/E Ratio

7.19

BPII Logo
PT Batavia Prosperindo Internasional Tbk.
BPII.JK
Last Trading Day

IDR 10,650.00

1 Month

+2.90%

1 Year

-0.47%

P/E Ratio

64.73

DNET Logo
PT Indoritel Makmur Internasional Tbk.
DNET.JK
Last Trading Day

IDR 4,590.00

1 Month

+2.46%

1 Year

+14.75%

P/E Ratio

68.69

SMMA Logo
PT Sinar Mas Multiartha Tbk
SMMA.JK
Last Trading Day

IDR 14,600.00

1 Month

+1.04%

1 Year

+14.51%

P/E Ratio

84.38