Transportation

Indonesia / Transportation & Logistic /  Transportation

The Transportation subsector on the Indonesia Stock Exchange plays a major role in the country's market due to Indonesia's vast archipelago and growing economy. The subsector comprises various subindustries, including road transportation and airlines. This subsector is essential for the country's economic growth as it facilitates the movement of goods and people across the nation. Currently, this sub-sector appears to be amidst a bearish trend, marked by an overall market capitalization depreciation of approximately -28% over the past 365 days. However, upon closer examination of individual companies, it's evident that more companies are undergoing positive changes (6) in market capitalization compared to those experiencing negative changes (6). This suggests that larger companies with negative changes are exerting significant influence despite more companies having upward trends. Notable companies in this subsector, based on market capitalization, include PT Blue Bird Tbk, Adi Sarana Armada Tbk, PT Indomobil Multi Jasa Tbk, Garuda Indonesia (Persero) Tbk, and PT AirAsia Indonesia Tbk.

P/E Value

The Transportation sub-sector is typically considered cyclical, with its historical P/E values fluctuating between moderate and high levels. The current lower P/E value compared to last year's P/E value for the Transportation sub-sector may be influenced by factors such as decreased demand for transportation services due to economic slowdown, increased competition leading to ...

7.49

Price to Earnings

Transportation Sector P/E
7.49
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).
Transportation Weighted Sector P/E
9.73
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 Transportation sub-sector of the IDX, 12 companies are currently operating, with 7 of them ranking 7th in terms of price changes over the past 30 days. This sub-sector has been outperforming the overall IDX in terms of average price changes in the same period. One possible reason for this could be the increased demand for transportation services due to economic ...

7.3

Sector Health Score

Transportation Sector Max Drawdown
-0.40
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
Transportation RSD (Close)
0.14
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 Transportation sub-sector in Indonesia has seen a decrease of -10.66% in average Year on Year (YoY) quarter earnings changes, but a positive increase of 14.63% in average YoY quarter revenue changes. This places the ...

10.0

Sector Growth Score

Trailing 3Y Transportation Sector Growth
+10.89%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Transportation Current Revenue Growth
14.19%
The change in revenue this quarter compared to the same period a year ago.
Transportation Current Earnings Growth
-9.71%
The change in earnings per share (EPS) this quarter compared to the same period a year ago.
Transportation 1Y Market Cap Growth
-24.56%
The change in market capitalization relative to the same period a year ago.
Transportation Recent Performance
15th
Recent growth beats 15% of all sectors in Indonesia.
Transportation '24 Revenue Growth Forecast
+38.16%
The estimated change in revenue for the Transportation sector in 2024.
Transportation '24 Earnings Growth Forecast
+50.12%
The estimated change in earnings for the Transportation sector in 2024.

Top Companies

Most profitable companies in Transportation

Company

Profit (billion)

465.16

118.19

90.01

34.08

34.06

Key Figures

Transportation companies on IDX

12

Total Market Cap. (IDR, billion)

IDR 14,944.08B

0.13% of total market cap. on IDX
Range of P/E Value

-109 - 34

Average of 7.5 P/E
Sector CAGR

> 10%

Compound Annual Revenue Growth of 14.19%

Transportation Sector Performance

IDR 14.94T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Transportation
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-1.178.688.767.49Higher than average of last 3 years
Price/Book0.521.380.760.71Lower than average of last 3 years
Price/Sales0.831.840.710.59Lower than average of last 3 years
Price/Cash Flow5.808.663.783.25Lower than average of last 3 years

Executive Summary

Sector Performance

1W

+0.6%

1Y

-24.6%

YTD

-0.6%

Trailing 12 Months

Overall -24.6%

−0.30−0.20−0.10

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

15%

35
55
75
0
100

This sector has a return that beats 15% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

1.47%

Dividend-paying companies in this sector pay out a dividend yield of 1.47% 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

83%

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 83%.

RSD (Relative Standard Deviation)
83%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-39.69%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Transportation sector has remained flat, although notably PT Jaya Trishindo Tbk has gained 22.15% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 14.19% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average decline of -9.71% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
TAXI.JK(+79.7%), WEHA.JK(+44.5%), CMPP.JK(+38.4%), GIAA.JK(+35.7%), HELI.JK(+34.9%).

Last 12 Months

Companies in the Transportation sector have seen a -24.6% 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 Transportation sector has been negative with April (+6.3%), June (+6.2%) and March (+4.8%) being the best performing months.

Sector Valuation

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

Price to Earnings Ratio

  • The Transportation sector is trading at a median PE ratio of 7.49x, which is lower than its 3-year historical average PE of 9.73x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Transportation have an extremely wide range of PE ratio, going between -109x to 34x.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, Adi Sarana Armada Tbk commands a premium with a PE ratio of 34.24 while PT Jaya Trishindo Tbk is trading at a PE ratio of only -4.53.
  • When weighted by market cap, the Transportation sector is trading at a PE ratio of 9.73x as compared to the unweighted PE ratio of 7.49x. The unweighted sector median is a valuation that is largely on par with the overall IDX median of 8.22x.
  • The Transportation sector is trading at a PE ratio (7.49) that represents a slight premium to its historical average (5.42).

Sector Gainers

HELI Logo
PT Jaya Trishindo Tbk
HELI.JK
Last Trading Day

IDR 535.00

1 Month

+22.15%

1 Year

+124.79%

P/E Ratio

-4.53

ASSA Logo
Adi Sarana Armada Tbk
ASSA.JK
Last Trading Day

IDR 835.00

1 Month

+13.61%

1 Year

+13.61%

P/E Ratio

34.24

GIAA Logo
Garuda Indonesia (Persero) Tbk
GIAA.JK
Last Trading Day

IDR 71.00

1 Month

+7.58%

1 Year

-10.13%

P/E Ratio

-3.70

BPTR Logo
PT Batavia Prosperindo Trans Tbk.
BPTR.JK
Last Trading Day

IDR 65.00

1 Month

+4.84%

1 Year

-59.88%

P/E Ratio

6.74

IMJS Logo
PT Indomobil Multi Jasa Tbk.
IMJS.JK
Last Trading Day

IDR 280.00

1 Month

+4.48%

1 Year

+3.70%

P/E Ratio

20.50