Indonesian Materials Undervalued over 20% based on DCF

Merdeka Copper Gold

Market Cap: Rp79.6t

Engages in the mining activities in Indonesia.

TIMAH

Market Cap: Rp25.2t

Engages in tin mining and smelting operations in Indonesia and internationally.

Avia Avian

Market Cap: Rp22.1t

Manufactures and distributes paints and building materials in Indonesia.

Cita Mineral Investindo

Market Cap: Rp16.6t

Engages in bauxite mining activities in Indonesia.

Semen Indonesia (Persero)

Market Cap: Rp16.6t

Manufactures, packs, and distributes cement in Indonesia and internationally.

ESSA Industries Indonesia

Market Cap: Rp11.6t

Owns and operates liquefied petroleum gas (LPG) refinery in Indonesia.

Semen Baturaja (Persero)

Market Cap: Rp2.2t

Produces and distributes cement in Indonesia.

Indonesia Fibreboard Industry

Market Cap: Rp2.1t

Engages in the wood processing industry in Indonesia, Japan, the Middle East, and internationally.

Argha Karya Prima Industry

Market Cap: Rp304.9b

Engages in the production and distribution of flexible packaging films in Indonesia, Africa, the Americas, the Middle East, Europe, Australia, New Zealand, and rest of Asia.

Betonjaya Manunggal

Market Cap: Rp267.8b

Engages in the manufacturing of round bar in Indonesia.

Wijaya Cahaya Timber

Market Cap: Rp180.6b

Manufactures and sells plywood products for industrial and residential needs in Indonesia.