Industrial Services

Indonesia / Industrials /  Industrial Services

The Industrial Services subsector on the Indonesia Stock Exchange encompasses a range of industries such as diversified industrial trading, commercial printing, business support services, research and consulting services, office supplies, and human resource and employment services. This subsector plays a major role in Indonesia's market due to the country's growing economy and increasing demand for industrial services. As Indonesia continues to develop and modernize, businesses require support services, consulting, and office supplies, creating significant opportunities for companies in this subsector. Additionally, the rise of e-commerce and digitalization has further boosted the demand for services related to human resources and employment. At this moment, this sub-sector appears to be in a bearish market sentiment, with a total market cap depreciation of approximately -8% over the past 365 days. It's possible that around 11 companies within this sub-sector may have encountered a negative market cap change, while it seems that only about 4 companies might have experienced a positive market cap change, indicating a challenging market environment. Notable companies in this subsector, based on market capitalization, include Jasuindo Tiga Perkasa Tbk, Astra Graphia Tbk, PT Hoffmen Cleanindo Tbk, Multifiling Mitra Indonesia Tbk, and PT Shield On Service Tbk.

Key Figures

Industrial Services companies on IDX

18

Total Market Cap. (IDR, billion)

IDR 6,970.08B

0.06% of total market cap. on IDX
Range of P/E Value

-4 - 289

Average of 9.9 P/E
Sector CAGR
High Growth

> 30%

Compound Annual Revenue Growth of 29.48%

Industrial Services Sector Performance

IDR 6.97T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Industrial Services
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/Equity24.028.8413.439.90Lower than average of last 3 years
Price/Book0.691.031.391.10Higher than average of last 3 years
Price/Sales1.241.150.930.84Lower than average of last 3 years
Price/Cash Flow10.328.794.505.74Lower than average of last 3 years

Executive Summary

Sector Performance

1W

+3.1%

1Y

-5.8%

YTD

-2.6%

Trailing 12 Months

Overall -5.8%

0.050.10

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

39%

35
55
75
0
100

This sector has a return that beats 39% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

3.93%

Dividend-paying companies in this sector pay out a dividend yield of 3.93% 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

84%

35
55
75
0
100

This sector is comparably stable, with a RSD (Relative Standard Deviation) of 14%. Companies on IDX have an average RSD of 12%. This gives the sector a score of 84%.

RSD (Relative Standard Deviation)
84%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-35.79%
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 Services sector has remained flat, although notably Jasuindo Tiga Perkasa Tbk has gained 8.84% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 29.48% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 78.51% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
LION.JK(+69.8%), JTPE.JK(+61.7%), KONI.JK(+25.6%), DYAN.JK(+23.7%), SOSS.JK(+15.8%).

Last 12 Months

Companies in the Industrial Services sector have seen a -5.8% 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 Industrial Services sector has been negative with August (+13.7%), March (+2.5%) and July (+1.3%) being the best performing months.

Sector Valuation

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

Price to Earnings Ratio

  • The Industrial Services sector is trading at a median PE ratio of 9.90x, which is lower than its 3-year historical average PE of 23.62x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Industrial Services have an extremely wide range of PE ratio, going between -4x to 289x.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, Tira Austenite Tbk commands a premium with a PE ratio of 288.74 while PT Dyandra Media International Tbk. is trading at a PE ratio of only 4.11.
  • When weighted by market cap, the Industrial Services sector is trading at a PE ratio of 23.62x as compared to the unweighted PE ratio of 9.90x. The unweighted sector median is a valuation that is largely on par with the overall IDX median of 8.22x.
  • The Industrial Services sector is trading at a PE ratio (9.90) that represents a substantial discount to its historical average (15.43).

Sector Gainers

JTPE Logo
Jasuindo Tiga Perkasa Tbk
JTPE.JK
Last Trading Day

IDR 320.00

1 Month

+8.84%

1 Year

+28.00%

P/E Ratio

9.90

MUTU Logo
PT Mutuagung Lestari Tbk
MUTU.JK
Last Trading Day

IDR 92.00

1 Month

+4.55%

DYAN Logo
PT Dyandra Media International Tbk.
DYAN.JK
Last Trading Day

IDR 82.00

1 Month

+3.80%

1 Year

-11.83%

P/E Ratio

4.11

TIRA Logo
Tira Austenite Tbk
TIRA.JK
Last Trading Day

IDR 384.00

1 Month

+3.78%

1 Year

-5.42%

P/E Ratio

288.74

CRSN Logo
PT Carsurin Tbk
CRSN.JK
Last Trading Day

IDR 102.00

1 Month

+2.00%