Industrial Goods

Indonesia / Industrials /  Industrial Goods

The Industrial Goods subsector on the Indonesia Stock Exchange plays a major role in the country's market due to its importance in supporting infrastructure development and industrial growth. With subindustries such as Construction Machinery & Heavy Vehicles, Building Products & Fixtures, Industrial Machinery & Components, and Electrical Components & Equipment, this subsector is crucial for the construction, manufacturing, and energy sectors. At this moment, this sub-sector appears to be in a bearish market sentiment, with a total market cap depreciation of approximately -10% 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 17 companies might have experienced a positive market cap change, indicating a challenging market environment. Notable companies in this subsector, based on market capitalization, include United Tractors Tbk, PT Impack Pratama Industri Tbk, Arwana Citramulia Tbk, Hexindo Adiperkasa Tbk, and PT Superkrane Mitra Utama Tbk.

P/E Value

The Industrial Goods sub-sector is typically considered cyclical due to its sensitivity to economic cycles. Historically, the P/E values for this sub-sector have been moderate, reflecting the sector's stable performance. The current lower P/E values compared to last year may be influenced by factors such as lower demand for industrial goods, increased competition, or ...

8.30

Price to Earnings

Industrial Goods Sector P/E
8.30
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).
Industrial Goods Weighted Sector P/E
13.42
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

In the Industrial Goods sub-sector of the Indonesia index, with 40 companies, it ranked 24th based on price changes in the previous 30 days, performing worse than the overall IDX. This could be due to factors such as global economic conditions affecting the industrial sector. Additionally, with no new listings this month and barriers to entry, the sub-sector may face limited ...

7.9

Sector Health Score

Industrial Goods Sector Max Drawdown
-0.32
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
Industrial Goods RSD (Close)
0.10
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 Industrial Goods sub-sector in Indonesia has seen a strong growth with a 15.91% increase in average Year on Year (YoY) quarter earnings changes and a 0.2% rise in average YoY quarter revenue changes. Despite ranking ...

4.0

Sector Growth Score

Trailing 3Y Industrial Goods Sector Growth
+8.94%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Industrial Goods Current Revenue Growth
0.24%
The change in revenue this quarter compared to the same period a year ago.
Industrial Goods Current Earnings Growth
16.07%
The change in earnings per share (EPS) this quarter compared to the same period a year ago.
Industrial Goods 1Y Market Cap Growth
-10.62%
The change in market capitalization relative to the same period a year ago.
Industrial Goods Recent Performance
27th
Recent growth beats 27% of all sectors in Indonesia.
Industrial Goods '24 Revenue Growth Forecast
-4.09%
The estimated change in revenue for the Industrial Goods sector in 2024.
Industrial Goods '24 Earnings Growth Forecast
-15.66%
The estimated change in earnings for the Industrial Goods sector in 2024.

Top Companies

Most profitable companies in Industrial Goods

Company

Profit (billion)

20487.28

913.61

576.37

470.52

441.97

Key Figures

Industrial Goods companies on IDX

40

Total Market Cap. (IDR, billion)

IDR 147,061.95B

1.24% of total market cap. on IDX
Range of P/E Value

-408 - 445

Average of 8.3 P/E
Sector CAGR

> 0%

Compound Annual Revenue Growth of 0.24%

Industrial Goods Sector Performance

IDR 147.06T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Industrial Goods
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/Equity7.006.9512.688.30Lower than average of last 3 years
Price/Book0.841.100.990.75Lower than average of last 3 years
Price/Sales0.720.770.780.68Lower than average of last 3 years
Price/Cash Flow3.743.833.105.54Higher than average of last 3 years

Executive Summary

Sector Performance

1W

-0.1%

1Y

-10.6%

YTD

+5.8%

Trailing 12 Months

Overall -10.6%

−0.100.100.20

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

27%

35
55
75
0
100

This sector has a return that beats 27% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

4.49%

Dividend-paying companies in this sector pay out a dividend yield of 4.49% 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

92%

35
55
75
0
100

This sector is fairly stable, with a RSD (Relative Standard Deviation) of 10%. Companies on IDX have an average RSD of 12%. This gives the sector a score of 92%.

RSD (Relative Standard Deviation)
92%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-31.90%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Industrial Goods sector has remained flat, although notably PT Geoprima Solusi Tbk has gained 65.08% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 0.24% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 16.07% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
IBFN.JK(+156.4%), SKRN.JK(+89.6%), INTA.JK(+75.8%), KBLM.JK(+51.7%), KBLI.JK(+37.7%).

Last 12 Months

Companies in the Industrial Goods sector have seen a -10.6% 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 Industrial Goods sector has been positive with July (+27.8%), September (+5.0%) and January (+2.3%) being the best performing months.

Sector Valuation

Has the Industrial Goods sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Industrial Goods sector is trading at a median PE ratio of 8.30x, which is lower than its 3-year historical average PE of 13.42x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Industrial Goods have an extremely wide range of PE ratio, going between -408x to 445x.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 Mark Dynamics Indonesia Tbk. commands a premium with a PE ratio of 27.28 while PT Geoprima Solusi Tbk is trading at a PE ratio of only -60.88.
  • When weighted by market cap, the Industrial Goods sector is trading at a PE ratio of 13.42x as compared to the unweighted PE ratio of 8.30x. The unweighted sector median is a valuation that is largely on par with the overall IDX median of 8.22x.
  • The Industrial Goods sector is trading at a PE ratio (8.30) that represents a a valuation consistent with its historical average (8.88).

Sector Gainers

GPSO Logo
PT Geoprima Solusi Tbk
GPSO.JK
Last Trading Day

IDR 208.00

1 Month

+65.08%

1 Year

+84.07%

P/E Ratio

-60.88

JECC Logo
Jembo Cable Company Tbk
JECC.JK
Last Trading Day

IDR 2,600.00

1 Month

+28.71%

1 Year

-32.47%

P/E Ratio

4.23

CTTH Logo
Citatah Tbk
CTTH.JK
Last Trading Day

IDR 17.00

1 Month

+21.43%

1 Year

-66.00%

P/E Ratio

-0.76

IBFN Logo
PT Intan Baru Prana Tbk
IBFN.JK
Last Trading Day

IDR 19.00

1 Month

+18.75%

1 Year

-80.41%

P/E Ratio

-0.38

MARK Logo
PT Mark Dynamics Indonesia Tbk.
MARK.JK
Last Trading Day

IDR 890.00

1 Month

+11.95%

1 Year

+41.27%

P/E Ratio

27.28