Investment Service

Indonesia / Financials /  Investment Service

The Investment Service subsector on the Indonesia Stock Exchange plays a major role in the country's market due to its significance in facilitating investment activities and managing assets. With subindustries like Investment Banking & Brokerage Services and Investment Management, this subsector is responsible for providing financial services to investors, including advising on investment opportunities, executing trades, and managing portfolios. Indonesia's market has seen significant growth in recent years, attracting both domestic and international investors. The potential for further growth in the subsector is high, as the country's economy continues to develop and the demand for investment services increases. At this moment, this sub-sector appears to be in a bearish market sentiment, with a total market cap depreciation of approximately -9% over the past 365 days. It's possible that around 5 companies within this sub-sector may have encountered a negative market cap change, while it seems that only about 1 companies might have experienced a positive market cap change, indicating a challenging market environment. Notable companies in this subsector, based on market capitalization, include Yulie Sekuritas Indonesia Tbk, PT Ashmore Asset Management Indonesia Tbk, PT Trimegah Sekuritas Indonesia Tbk, Panin Sekuritas Tbk, and Reliance Sekuritas Indonesia Tbk.

P/E Value

The Investment Service sub-sector is typically considered cyclical, with historical P/E values fluctuating between moderate and high. The current higher P/E value compared to last year can be attributed to increased market optimism and expectations for growth. Companies like Panin Sekuritas Tbk ...

18.91

Price to Earnings

Investment Service Sector P/E
18.91
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).
Investment Service Weighted Sector P/E
209.41
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 Investment Service sub-sector, which consists of 6 companies, there was a notable performance in the last 30 days, ranking 13th in terms of price changes. Surprisingly, this sub-sector outperformed the overall IDX average during this period. One possible reason for this could be the unique market conditions that favor investment services in Indonesia. Despite no new ...

8.4

Sector Health Score

Investment Service Sector Max Drawdown
-0.22
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
Investment Service RSD (Close)
0.09
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 Investment Service sub-sector in Indonesia has shown a 1.98% growth in average Year on Year (YoY) quarter earnings changes, while experiencing a -1.31% decline in average YoY quarter revenue changes. This places the ...

1.0

Sector Growth Score

Trailing 3Y Investment Service Sector Growth
+10.82%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Investment Service Current Revenue Growth
-1.32%
The change in revenue this quarter compared to the same period a year ago.
Investment Service Current Earnings Growth
1.70%
The change in earnings per share (EPS) this quarter compared to the same period a year ago.
Investment Service 1Y Market Cap Growth
-7.52%
The change in market capitalization relative to the same period a year ago.
Investment Service Recent Performance
36th
Recent growth beats 36% of all sectors in Indonesia.

Top Companies

Most profitable companies in Investment Service

Company

Profit (billion)

133.14

114.54

99.33

40.83

6.81

Key Figures

Investment Service companies on IDX

6

Total Market Cap. (IDR, billion)

IDR 9,804.24B

0.08% of total market cap. on IDX
Range of P/E Value

-3 - 535

Average of 18.9 P/E
Sector CAGR

> 0%

Compound Annual Revenue Growth of -1.32%

Investment Service Sector Performance

IDR 9.80T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Investment Service
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/Equity11.0635.5517.1918.91Lower than average of last 3 years
Price/Book1.012.632.481.53Lower than average of last 3 years
Price/Sales13.2512.0712.109.70Lower than average of last 3 years
Price/Cash Flow-10.5630.961.25-4.87Lower than average of last 3 years

Executive Summary

Sector Performance

1W

+1.2%

1Y

-7.5%

YTD

-4.1%

Trailing 12 Months

Overall -7.5%

−0.04−0.020.020.040.060.08

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

36%

35
55
75
0
100

This sector has a return that beats 36% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

9.89%

Dividend-paying companies in this sector pay out a dividend yield of 9.89% 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

94%

35
55
75
0
100

This sector is fairly stable, with a RSD (Relative Standard Deviation) of 9%. Companies on IDX have an average RSD of 12%. This gives the sector a score of 94%.

RSD (Relative Standard Deviation)
94%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-22.26%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Investment Service sector has remained flat, although notably Minna Padi Investama Sekuritas Tbk has gained 28.57% in the last month.

Current quarter

This quarter, the sector has seen an average revenue decline of -1.32% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 1.70% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
RELI.JK(+1.1%).

Last 12 Months

Companies in the Investment Service sector have seen a -7.5% 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 Investment Service sector has been negative with November (+9.2%), April (+2.0%) and August (+0.9%) being the best performing months.

Sector Valuation

Has the Investment Service sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Investment Service sector is trading at a median PE ratio of 18.91x, which is lower than its 3-year historical average PE of 209.41x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Investment Service have an extremely wide range of PE ratio, going between -3x to 535x.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, Yulie Sekuritas Indonesia Tbk commands a premium with a PE ratio of 534.90 while Minna Padi Investama Sekuritas Tbk is trading at a PE ratio of only -2.60.
  • When weighted by market cap, the Investment Service sector is trading at a PE ratio of 209.41x as compared to the unweighted PE ratio of 18.91x. The unweighted sector median is a significant premium (2.3x) to the overall IDX median of 8.22x.
  • The Investment Service sector is trading at a PE ratio (18.91) that represents a slight discount to its historical average (21.27).

Sector Gainers

PADI Logo
Minna Padi Investama Sekuritas Tbk
PADI.JK
Last Trading Day

IDR 9.00

1 Month

+28.57%

1 Year

-82.00%

P/E Ratio

-2.60

YULE Logo
Yulie Sekuritas Indonesia Tbk
YULE.JK
Last Trading Day

IDR 2,350.00

1 Month

0.00%

1 Year

+12.98%

P/E Ratio

534.90

PANS Logo
Panin Sekuritas Tbk
PANS.JK
Last Trading Day

IDR 1,635.00

1 Month

-0.30%

1 Year

-11.38%

P/E Ratio

8.74

AMOR Logo
PT Ashmore Asset Management Indonesia Tbk.
AMOR.JK
Last Trading Day

IDR 970.00

1 Month

-2.51%

1 Year

-9.35%

P/E Ratio

21.61

TRIM Logo
PT Trimegah Sekuritas Indonesia Tbk
TRIM.JK
Last Trading Day

IDR 264.00

1 Month

-3.65%

1 Year

+36.79%

P/E Ratio

16.39