Properties & Real Estate

Indonesia / Properties & Real Estate /  Properties & Real Estate

The Properties & Real Estate subsector on the Indonesia Stock Exchange is an important sector in the country's market. It encompasses various subindustries, such as real estate development and management, as well as real estate services. This subsector plays a major role in Indonesia's market due to the country's growing population and urbanization. As more people move to urban areas, the demand for housing, commercial spaces, and real estate services increases. Additionally, the government's infrastructure development initiatives and policies to attract foreign investment also contribute to the growth and potential of this subsector. 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 (54) in market capitalization compared to those with positive changes (33). 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 Metropolitan Kentjana Tbk, Ciputra Development Tbk, PT Bumi Serpong Damai Tbk, Pakuwon Jati Tbk, and PT Maha Properti Indonesia Tbk.

P/E Value

The Properties & Real Estate sub-sector is typically considered cyclical, with historical P/E values fluctuating between moderate and high levels. The current higher P/E value compared to last year's can be attributed to factors such as increasing demand for housing, low interest rates, and economic recovery post-pandemic. Eight companies in this sub-sector have favorable ...

6.75

Price to Earnings

Properties & Real Estate Sector P/E
6.75
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).
Properties & Real Estate Weighted Sector P/E
-12.78
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 Properties & Real Estate sub-sector of the IDX, with 92 companies, it ranked 25th based on price changes in the last 30 days. The average price changes in this sub-sector were worse than the overall IDX average. This could be due to factors such as oversupply of properties, economic downturn, or regulatory changes. The lack of new listings this month, with the last ...

8.1

Sector Health Score

Properties & Real Estate Sector Max Drawdown
-0.27
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
Properties & Real Estate RSD (Close)
0.11
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

The Properties & Real Estate sub-sector in Indonesia has shown significant growth in the past year, with a 245.16% increase in average Year on Year quarter earnings changes and a 364.91% increase in average Year on Year quarter revenue ...

6.5

Sector Growth Score

Trailing 3Y Properties & Real Estate Sector Growth
+40.11%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Properties & Real Estate Current Revenue Growth
365.32%
The change in revenue this quarter compared to the same period a year ago.
Properties & Real Estate Current Earnings Growth
262.52%
The change in earnings per share (EPS) this quarter compared to the same period a year ago.
Properties & Real Estate 1Y Market Cap Growth
+3.52%
The change in market capitalization relative to the same period a year ago.
Properties & Real Estate Recent Performance
58th
Recent growth beats 58% of all sectors in Indonesia.
Properties & Real Estate '24 Revenue Growth Forecast
+7.53%
The estimated change in revenue for the Properties & Real Estate sector in 2024.
Properties & Real Estate '24 Earnings Growth Forecast
+10.85%
The estimated change in earnings for the Properties & Real Estate sector in 2024.

Top Companies

Most profitable companies in Properties & Real Estate

Company

Profit (billion)

3283.89

1834.53

1519.73

1189.85

1185.50

Key Figures

Properties & Real Estate companies on IDX

92

Total Market Cap. (IDR, billion)

IDR 252,054.60B

2.12% of total market cap. on IDX
Range of P/E Value

-531 - 1106

Average of 6.7 P/E
Sector CAGR
High Growth

> 370%

Compound Annual Revenue Growth of 365.32%

Properties & Real Estate Sector Performance

IDR 252.05T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Properties & Real Estate
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-2.538.196.306.75Higher than average of last 3 years
Price/Book0.820.790.670.61Lower than average of last 3 years
Price/Sales6.185.554.053.19Lower than average of last 3 years
Price/Cash Flow-2.206.456.035.58Higher than average of last 3 years

Executive Summary

Sector Performance

1W

+1.1%

1Y

+3.5%

YTD

-2.3%

Trailing 12 Months

Overall +3.5%

−0.050.05

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

58%

35
55
75
0
100

This sector has a return that beats 58% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

1.61%

Dividend-paying companies in this sector pay out a dividend yield of 1.61% 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

89%

35
55
75
0
100

This sector is fairly stable, with a RSD (Relative Standard Deviation) of 11%. Companies on IDX have an average RSD of 12%. This gives the sector a score of 89%.

RSD (Relative Standard Deviation)
89%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-27.33%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Properties & Real Estate sector has remained flat, although notably PT Bumi Benowo Sukses Sejahtera Tbk has gained 51.72% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 365.32% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 262.52% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
UANG.JK(+136207.4%), MDLN.JK(+213.0%), GMTD.JK(+127.1%), REAL.JK(+115.6%), CBPE.JK(+106.6%).

Last 12 Months

Companies in the Properties & Real Estate sector have seen a +3.5% 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 Properties & Real Estate sector has been positive with July (+9.2%), November (+2.8%) and June (+2.5%) being the best performing months.

Sector Valuation

Has the Properties & Real Estate sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Properties & Real Estate sector is trading at a median PE ratio of 6.75x, which is lower than its 3-year historical average PE of -12.78x. This puts the sector in the overvalued category based on its historical valuation.
  • Companies in the Properties & Real Estate have an extremely wide range of PE ratio, going between -531x to 1106x.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 Royalindo Investa Wijaya Tbk commands a premium with a PE ratio of 23.43 while PT Kota Satu Properti Tbk. is trading at a PE ratio of only -14.71.
  • When weighted by market cap, the Properties & Real Estate sector is trading at a PE ratio of -12.78x as compared to the unweighted PE ratio of 6.75x. The unweighted sector median is a considerable discount (1.2x) to the overall IDX median of 8.22x.
  • The Properties & Real Estate sector is trading at a PE ratio (6.75) that represents a slight premium to its historical average (3.99).

Sector Gainers

BBSS Logo
PT Bumi Benowo Sukses Sejahtera Tbk
BBSS.JK
Last Trading Day

IDR 132.00

1 Month

+51.72%

1 Year

+83.33%

P/E Ratio

-0.30

SATU Logo
PT Kota Satu Properti Tbk.
SATU.JK
Last Trading Day

IDR 141.00

1 Month

+20.51%

1 Year

+127.42%

P/E Ratio

-14.71

KOCI Logo
PT Kokoh Exa Nusantara
KOCI.JK
Last Trading Day

IDR 61.00

1 Month

+19.61%

MSIE Logo
PT Multisarana Intan Eduka Tbk
MSIE.JK
Last Trading Day

IDR 20.00

1 Month

+17.65%

INDO Logo
PT Royalindo Investa Wijaya Tbk
INDO.JK
Last Trading Day

IDR 107.00

1 Month

+15.05%

1 Year

+22.99%

P/E Ratio

23.43