Media & Entertainment

Indonesia / Consumer Cyclicals /  Media & Entertainment

The Media & Entertainment subsector on the Indonesia Stock Exchange plays a major role in the country's market due to various factors. Indonesia has a large and growing population, with a significant portion of the population being young and tech-savvy. This demographic is increasingly consuming media and entertainment content, creating a high demand for companies in this subsector. Additionally, the Indonesian government has been supportive of the media and entertainment industry, implementing policies to encourage growth and investment. With the rise of digital platforms and increasing internet penetration, there is a significant potential for companies in this subsector to expand and capitalize on the growing market. Furthermore, Indonesia has a rich cultural heritage and a diverse entertainment industry, which provides opportunities for companies involved in entertainment and movie production, broadcasting, advertising, cable, and satellite services, as well as consumer publishing. Currently, this sub-sector appears to be on an upward trend, with a notable total market capitalization growth of approximately 9% over the last 365 days. However, a closer look at individual companies reveals that a larger number are showing negative changes (13) in market capitalization compared to those with positive changes (3). 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 MD Pictures Tbk, PT MNC Digital Entertainment Tbk, Surya Citra Media Tbk, Media Nusantara Citra Tbk, and PT Global Mediacom Tbk.

P/E Value

The Media & Entertainment sub-sector is typically considered cyclical, with historical P/E values fluctuating between moderate and high levels. The current negative P/E value compared to last year's P/E value for this sector may be influenced by factors such as declining advertising revenues, increased competition from digital platforms, and uncertainties surrounding content ...

-1.19

Price to Earnings

Media & Entertainment Sector P/E
-1.19
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).
Media & Entertainment Weighted Sector P/E
278.66
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
8.46

Resilience & Health Index

In the last 30 days, the Media & Entertainment sub-sector, consisting of 18 companies, ranked 32nd based on price changes, performing worse than the overall IDX market. This could be due to increased competition and saturation in the industry, resulting in lower profitability. With no new companies entering the sub-sector this month, barriers to entry such as high capital ...

6.6

Sector Health Score

Media & Entertainment Sector Max Drawdown
-0.49
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
-0.28
Media & Entertainment RSD (Close)
0.20
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)
0.15

Sector Growth Index

In the past year, the Media & Entertainment sub-sector in Indonesia has seen a significant decline in average Year on Year (YoY) quarter earnings changes, with a decrease of -55.66%. However, there has been a positive growth in revenue ...

10.0

Sector Growth Score

Trailing 3Y Media & Entertainment Sector Growth
+4.84%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Media & Entertainment Current Revenue Growth
13.04%
The change in revenue this quarter compared to the same period a year ago.
Media & Entertainment Current Earnings Growth
-52.67%
The change in earnings per share (EPS) this quarter compared to the same period a year ago.
Media & Entertainment 1Y Market Cap Growth
+6.54%
The change in market capitalization relative to the same period a year ago.
Media & Entertainment Recent Performance
64th
Recent growth beats 64% of all sectors in Indonesia.
Media & Entertainment '24 Revenue Growth Forecast
+13.62%
The estimated change in revenue for the Media & Entertainment sector in 2024.
Media & Entertainment '24 Earnings Growth Forecast
+186.19%
The estimated change in earnings for the Media & Entertainment sector in 2024.

Top Companies

Most profitable companies in Media & Entertainment

Company

Profit (billion)

1032.71

818.12

334.61

263.99

102.98

Key Figures

Media & Entertainment companies on IDX

18

Total Market Cap. (IDR, billion)

IDR 108,984.76B

0.92% of total market cap. on IDX
Range of P/E Value

-127 - 995

Average of -1.2 P/E
Sector CAGR

> 10%

Compound Annual Revenue Growth of 13.04%

Media & Entertainment Sector Performance

IDR 108.98T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Media & Entertainment
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/Equity-1.8111.80-1.83-1.19Lower than average of last 3 years
Price/Book1.211.720.590.97Lower than average of last 3 years
Price/Sales1.612.041.951.49Lower than average of last 3 years
Price/Cash Flow5.247.801.543.23Lower than average of last 3 years

Executive Summary

Sector Performance

1W

+3.4%

1Y

+6.5%

YTD

+2.1%

Trailing 12 Months

Overall +6.5%

−0.15−0.10−0.050.050.100.15

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

64%

35
55
75
0
100

This sector has a return that beats 64% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

3.39%

Dividend-paying companies in this sector pay out a dividend yield of 3.39% on average over the past 12 months. This beats the average dividend yield of all companies on IDX, which is around 3.28%.

Sector Stabillity

72%

35
55
75
0
100

This sector is rather volatile, with a RSD (Relative Standard Deviation) of 20%. Companies on IDX have an average RSD of 11%. This gives the sector a score of 72%.

RSD (Relative Standard Deviation)
72%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-48.51%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Media & Entertainment sector has remained flat, although notably PT MD Pictures Tbk. has gained 29.38% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 13.04% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average decline of -52.67% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
FUTR.JK(+12009.6%), DIGI.JK(+68.9%), ABBA.JK(+31.8%), MARI.JK(+14.5%).

Last 12 Months

Companies in the Media & Entertainment sector have seen a +6.5% change in market cap over the last 12 months. This is typical of a more mature sector, where investors are expecting reasonable growth to continue over the next few years.

Most of the last 12 months in the Media & Entertainment sector has been positive with January (+17.4%), November (+12.0%) and June (+9.5%) being the best performing months.

Sector Valuation

Has the Media & Entertainment sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Media & Entertainment sector is trading at a median PE ratio of -1.19x, which is lower than its 3-year historical average PE of 278.66x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Media & Entertainment have an extremely wide range of PE ratio, going between -127x to 995x.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 MD Pictures Tbk. commands a premium with a PE ratio of 509.33 while Fortune Indonesia Tbk is trading at a PE ratio of only -127.01.
  • When weighted by market cap, the Media & Entertainment sector is trading at a PE ratio of 278.66x as compared to the unweighted PE ratio of -1.19x. The unweighted sector median is a significant premium (-0.1x) to the overall IDX median of 8.46x.
  • The Media & Entertainment sector is trading at a PE ratio (-1.19) that represents a substantial discount to its historical average (2.72).

Sector Gainers

FILM Logo
PT MD Pictures Tbk.
FILM.JK
Last Trading Day

IDR 5,175.00

1 Month

+29.38%

1 Year

+146.43%

P/E Ratio

509.33

FORU Logo
Fortune Indonesia Tbk
FORU.JK
Last Trading Day

IDR 810.00

1 Month

0.00%

1 Year

+330.85%

P/E Ratio

-127.01

DIGI Logo
PT Arkadia Digital Media Tbk
DIGI.JK
Last Trading Day

IDR 15.00

1 Month

0.00%

1 Year

-70.00%

P/E Ratio

-3.74

IPTV Logo
PT MNC Vision Networks Tbk.
IPTV.JK
Last Trading Day

IDR 50.00

1 Month

0.00%

1 Year

0.00%

P/E Ratio

-27.90

MSIN Logo
PT MNC Digital Entertainment Tbk
MSIN.JK
Last Trading Day

IDR 2,900.00

1 Month

0.00%

1 Year

-28.04%

P/E Ratio

133.31