Utilities

Indonesia / Infrastructures /  Utilities

The Utilities subsector on the Indonesia Stock Exchange encompasses industries such as Electric Utilities and Gas Utilities. This subsector plays a major role in Indonesia's market due to the country's growing energy needs and potential for renewable energy sources. With a large population and increasing urbanization, the demand for electricity and gas is expected to rise significantly in the coming years. The government has been focusing on promoting renewable energy and improving the country's infrastructure, which presents opportunities for companies in this subsector. Additionally, the Utilities subsector has historically been seen as a stable and reliable investment option, attracting investors seeking steady returns. At this moment, this sub-sector seems to be experiencing a bullish trend, with a total market cap growth of around 1893% over the past 365 days. It appears that 4 companies in this sub-sector might have seen a positive market cap change, while around 4 companies could have experienced a negative market cap change. Notable companies in this subsector, based on market capitalization, include PT Barito Renewables Energy Tbk, PT Pertamina Geothermal Energy Tbk, PT Cikarang Listrindo Tbk, PT Arkora Hydro Tbk, and PT Kencana Energi Lestari Tbk.

Key Figures

Utilities companies on IDX

9

Total Market Cap. (IDR, billion)

IDR 782,456.18B

6.59% of total market cap. on IDX
Range of P/E Value

-25 - 61

Average of 10.0 P/E
Sector CAGR

> 10%

Compound Annual Revenue Growth of 7.23%

Utilities Sector Performance

IDR 782.46T

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

  2. Prev 4 Quarters

Sector Composition

Sector Valuation

Historical valuation of companies in Utilities
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/Equity3.6312.469.459.97Higher than average of last 3 years
Price/Book0.990.800.981.02Higher than average of last 3 years
Price/Sales9.043.155.533.06Lower than average of last 3 years
Price/Cash Flow4.084.654.683.32Lower than average of last 3 years

Executive Summary

Sector Performance

1W

-3.3%

1Y

+1693.0%

YTD

-26.5%

Trailing 12 Months

Overall +1693.0%

−0.20.20.4

Positive

Neutral (Within <2.5%)

Negative

Sector Percentile

100%

35
55
75
0
100

This sector has a return that beats 100% of all sectors on the Indonesia Stock Exchange over the past 12 months.

Sector Dividend Yield

0.85%

Dividend-paying companies in this sector pay out a dividend yield of 0.85% 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

61%

35
55
75
0
100

This sector is rather volatile, with a RSD (Relative Standard Deviation) of 25%. Companies on IDX have an average RSD of 12%. This gives the sector a score of 61%.

RSD (Relative Standard Deviation)
61%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown
-40.87%
The maximum loss from a peak to a trough during a specific period (TTM).

This past month

Over the last month, stocks in the Utilities sector has remained flat, although notably PT Himalaya Energi Perkasa Tbk has gained 33.33% in the last month.

Current quarter

This quarter, the sector has seen an average revenue growth of 7.23% compared to the same quarter last year.
When it comes to earnings, the sector has seen an average growth of 17.16% compared to the same quarter in 2023. Much of this growth is driven by the following companies:
KEEN.JK(+41.5%), PGEO.JK(+6.5%), POWR.JK(+1.6%), HADE.JK(+0.9%).

Last 12 Months

Companies in the Utilities sector have seen a +1693.0% 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 Utilities sector has been positive with August (+43.3%), November (+42.4%) and February (+19.7%) being the best performing months.

Sector Valuation

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

Price to Earnings Ratio

  • The Utilities sector is trading at a median PE ratio of 9.97x, which is lower than its 3-year historical average PE of 20.92x. This puts the sector in the undervalued category based on its historical valuation.
  • Companies in the Utilities have an extremely wide range of PE ratio, going between -25x to 61x.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 Arkora Hydro Tbk. commands a premium with a PE ratio of 60.93 while PT Himalaya Energi Perkasa Tbk is trading at a PE ratio of only -25.09.
  • When weighted by market cap, the Utilities sector is trading at a PE ratio of 20.92x as compared to the unweighted PE ratio of 9.97x. The unweighted sector median is a valuation that is largely on par with the overall IDX median of 8.22x.
  • The Utilities sector is trading at a PE ratio (9.97) that represents a a valuation consistent with its historical average (8.51).

Sector Gainers

HADE Logo
PT Himalaya Energi Perkasa Tbk
HADE.JK
Last Trading Day

IDR 4.00

1 Month

+33.33%

1 Year

-92.00%

P/E Ratio

-25.09

ARKO Logo
PT Arkora Hydro Tbk.
ARKO.JK
Last Trading Day

IDR 1,005.00

1 Month

+8.65%

1 Year

+70.34%

P/E Ratio

60.93

MPOW Logo
PT Megapower Makmur Tbk.
MPOW.JK
Last Trading Day

IDR 55.00

1 Month

+3.77%

1 Year

+1.85%

P/E Ratio

-5.36

KEEN Logo
PT Kencana Energi Lestari Tbk.
KEEN.JK
Last Trading Day

IDR 815.00

1 Month

0.00%

1 Year

+52.34%

P/E Ratio

11.99

POWR Logo
PT Cikarang Listrindo Tbk.
POWR.JK
Last Trading Day

IDR 695.00

1 Month

-0.71%

1 Year

+5.30%

P/E Ratio

7.96