Technology Hardware & Equipment

Indonesia / Technology /  Technology Hardware & Equipment

The Technology Hardware & Equipment subsector on the Indonesia Stock Exchange encompasses various subindustries such as Computer Hardware, Electronic Equipment & Instruments, and Networking Equipment. This subsector plays a major role in Indonesia's market due to the country's increasing focus on digitalization and technological advancements. With a growing population and a rising middle class, there is a significant demand for technology products and services in Indonesia. Additionally, the government's initiatives to improve infrastructure and promote digital transformation further contribute to the potential growth of this subsector. Currently, this sub-sector appears to be on an upward trend, with a notable total market capitalization growth of approximately 48% over the last 365 days. However, a closer look at individual companies reveals that a larger number are showing negative changes (5) 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 Metrodata Electronics Tbk, PT Mastersystem Infotama Tbk, PT Pelita Teknologi Global Tbk, PT Sumber Sinergi Makmur Tbk, and Sat Nusapersada Tbk.

Key Figures

Technology Hardware & Equipment companies on IDX

11

Total Market Cap. (IDR, billion)

IDR 16,790.03B

0.14% of total market cap. on IDX
Range of P/E Value

3 - 44

Average of 9.9 P/E
Sector CAGR
High Growth

> 30%

Compound Annual Revenue Growth of 28.14%

Technology Hardware & Equipment Sector Performance

IDR 16.79T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Technology Hardware & Equipment
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/Equity14.3915.0312.249.92Lower than average of last 3 years
Price/Book1.361.961.901.86Higher than average of last 3 years
Price/Sales0.450.550.510.39Lower than average of last 3 years
Price/Cash Flow5.173.673.961.58Lower than average of last 3 years

Executive Summary

Sector Performance

1W

-0.8%

1Y

+41.3%

YTD

-2.5%

Trailing 12 Months

Overall +41.3%

0.100.200.300.40

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

91%

35
55
75
0
100

This sector has a return that beats 91% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

3.32%

Dividend-paying companies in this sector pay out a dividend yield of 3.32% 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

90%

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 90%.

RSD (Relative Standard Deviation)
90%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-30.33%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Technology Hardware & Equipment sector has remained flat, although notably PT Pelita Teknologi Global Tbk has gained 3.98% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 28.14% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 277.74% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
AXIO.JK(+216.0%), PTSN.JK(+6.7%), MTDL.JK(+5.8%).

Last 12 Months

Companies in the Technology Hardware & Equipment sector have seen a +41.3% change in market cap over the last 12 months. This signifies a sector that is growing rapidly, with investors anticipating a sustained period of growth.

Most of the last 12 months in the Technology Hardware & Equipment sector has been negative with November (+46.2%), February (+7.0%) and October (+5.1%) being the best performing months.

Sector Valuation

Has the Technology Hardware & Equipment sector valuation in Indonesia changed over the past 12 months?

Price to Earnings Ratio

  • The Technology Hardware & Equipment sector is trading at a median PE ratio of 9.92x, which is lower than its 3-year historical average PE of 10.78x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Technology Hardware & Equipment have a considerable large range of PE ratio, going between 3x to 44x.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 Tera Data Indonusa Tbk commands a premium with a PE ratio of 13.34 while PT Zyrexindo Mandiri Buana Tbk is trading at a PE ratio of only 2.53.
  • When weighted by market cap, the Technology Hardware & Equipment sector is trading at a PE ratio of 10.78x as compared to the unweighted PE ratio of 9.92x. The unweighted sector median is a valuation that is largely on par with the overall IDX median of 8.22x.
  • The Technology Hardware & Equipment sector is trading at a PE ratio (9.92) that represents a substantial discount to its historical average (13.89).

Sector Gainers

CHIP Logo
PT Pelita Teknologi Global Tbk
CHIP.JK
Last Trading Day

IDR 2,350.00

1 Month

+3.98%

1 Year

+94.21%

ZYRX Logo
PT Zyrexindo Mandiri Buana Tbk
ZYRX.JK
Last Trading Day

IDR 163.00

1 Month

+3.82%

1 Year

-44.93%

P/E Ratio

2.53

PTSN Logo
Sat Nusapersada Tbk
PTSN.JK
Last Trading Day

IDR 244.00

1 Month

+1.67%

1 Year

+34.81%

P/E Ratio

6.02

AXIO Logo
PT Tera Data Indonusa Tbk
AXIO.JK
Last Trading Day

IDR 206.00

1 Month

+0.98%

1 Year

+67.48%

P/E Ratio

13.34

MTDL Logo
Metrodata Electronics Tbk
MTDL.JK
Last Trading Day

IDR 570.00

1 Month

-3.39%

1 Year

+2.70%

P/E Ratio

11.46