View ValuationMerdeka Battery Materials 향후 성장Future 기준 점검 6/6Merdeka Battery Materials (는) 각각 연간 51% 및 29.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 57% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 21.6% 로 예상됩니다.핵심 정보51.0%이익 성장률57.02%EPS 성장률Metals and Mining 이익 성장38.6%매출 성장률29.3%향후 자기자본이익률21.60%애널리스트 커버리지Good마지막 업데이트05 May 2026최근 향후 성장 업데이트Major Estimate Revision • May 06Consensus revenue estimates increase by 16%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$2.51b to US$2.90b. EPS estimate unchanged from US$0.0014 at last update. Metals and Mining industry in Indonesia expected to see average net income growth of 72% next year. Consensus price target of Rp763 unchanged from last update. Share price fell 4.3% to Rp660 over the past week.Major Estimate Revision • Dec 24Consensus EPS estimates increase by 110%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$1.57b to US$1.42b. EPS estimate rose from US$0.0002 to US$0.0004. Net income forecast to grow 260% next year vs 61% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp675. Share price was steady at Rp545 over the past week.Major Estimate Revision • Oct 14Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$1.55b to US$1.58b. EPS estimate fell from US$0.0001 to US$0.0001 per share. Net income forecast to grow 741% next year vs 49% growth forecast for Metals and Mining industry in Indonesia. Consensus price target up from Rp531 to Rp595. Share price fell 4.9% to Rp585 over the past week.Major Estimate Revision • Nov 02Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$1.93b to US$1.91b. EPS estimate rose from US$0.0002 to US$0.0003. Net income forecast to grow 100% next year vs 61% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp724. Share price rose 2.9% to Rp540 over the past week.Major Estimate Revision • Oct 07Consensus EPS estimates fall by 65%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.07b to US$1.94b. EPS estimate also fell from US$0.0006 per share to US$0.0002 per share. Net income forecast to grow 94% next year vs 34% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp718. Share price fell 4.3% to Rp560 over the past week.Major Estimate Revision • Sep 04Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.11b to US$2.07b. EPS estimate also fell from US$0.0007 per share to US$0.0006 per share. Net income forecast to grow 477% next year vs 13% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp712. Share price fell 3.6% to Rp540 over the past week.모든 업데이트 보기Recent updates공시 • May 06PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 11, 2026PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 11, 2026.Major Estimate Revision • May 06Consensus revenue estimates increase by 16%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$2.51b to US$2.90b. EPS estimate unchanged from US$0.0014 at last update. Metals and Mining industry in Indonesia expected to see average net income growth of 72% next year. Consensus price target of Rp763 unchanged from last update. Share price fell 4.3% to Rp660 over the past week.Reported Earnings • Apr 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$0 (in line with FY 2024). Revenue: US$1.43b (down 22% from FY 2024). Net income: US$29.6m (up 30% from FY 2024). Profit margin: 2.1% (up from 1.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were behind analyst estimates. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 33% growth forecast for the Metals and Mining industry in Indonesia.New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.공시 • Mar 17PT Merdeka Battery Materials Tbk. (IDX:MBMA) announces an Equity Buyback for 1,800,000,000 shares, for IDR 1,700,000 million.PT Merdeka Battery Materials Tbk. (IDX:MBMA) announces a share repurchase program. Under the plan, the company will repurchase up to 1,800,000,000 shares for IDR 1,700,000 million. The purpose of program is to maintain share price stability and strengthen investor confidence. The program is valid till June 16, 2026.Major Estimate Revision • Dec 24Consensus EPS estimates increase by 110%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$1.57b to US$1.42b. EPS estimate rose from US$0.0002 to US$0.0004. Net income forecast to grow 260% next year vs 61% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp675. Share price was steady at Rp545 over the past week.Reported Earnings • Dec 19Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0 (in line with 3Q 2024). Revenue: US$307.3m (down 33% from 3Q 2024). Net income: US$19.5m (up US$21.4m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) were also behind analyst estimates. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 38% growth forecast for the Metals and Mining industry in Indonesia.Major Estimate Revision • Oct 14Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$1.55b to US$1.58b. EPS estimate fell from US$0.0001 to US$0.0001 per share. Net income forecast to grow 741% next year vs 49% growth forecast for Metals and Mining industry in Indonesia. Consensus price target up from Rp531 to Rp595. Share price fell 4.9% to Rp585 over the past week.Board Change • Oct 14No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Didi Achjari was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공시 • May 05PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 10, 2025PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 10, 2025.Major Estimate Revision • Nov 02Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$1.93b to US$1.91b. EPS estimate rose from US$0.0002 to US$0.0003. Net income forecast to grow 100% next year vs 61% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp724. Share price rose 2.9% to Rp540 over the past week.Major Estimate Revision • Oct 07Consensus EPS estimates fall by 65%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.07b to US$1.94b. EPS estimate also fell from US$0.0006 per share to US$0.0002 per share. Net income forecast to grow 94% next year vs 34% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp718. Share price fell 4.3% to Rp560 over the past week.Reported Earnings • Oct 02Second quarter 2024 earnings released: EPS: US$0 (vs US$0 in 2Q 2023)Second quarter 2024 results: EPS: US$0 (in line with 2Q 2023). Revenue: US$477.4m (up 129% from 2Q 2023). Net income: US$16.7m (up US$29.4m from 2Q 2023). Profit margin: 3.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in Indonesia.Major Estimate Revision • Sep 04Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.11b to US$2.07b. EPS estimate also fell from US$0.0007 per share to US$0.0006 per share. Net income forecast to grow 477% next year vs 13% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp712. Share price fell 3.6% to Rp540 over the past week.Major Estimate Revision • Jun 27Consensus revenue estimates increase by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$1.91b to US$2.11b. EPS estimate unchanged from US$0.0009 at last update. Metals and Mining industry in Indonesia expected to see average net income growth of 54% next year. Consensus price target of Rp760 unchanged from last update. Share price rose 12% to Rp620 over the past week.Reported Earnings • Jun 06First quarter 2024 earnings released: EPS: US$0 (vs US$0 in 1Q 2023)First quarter 2024 results: EPS: US$0 (in line with 1Q 2023). Revenue: US$444.2m (up 153% from 1Q 2023). Net income: US$3.67m (up US$13.5m from 1Q 2023). Profit margin: 0.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Indonesia.Major Estimate Revision • May 18Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$1.98b to US$1.95b. EPS estimate also fell from US$0.0016 per share to US$0.0013 per share. Net income forecast to grow 2,401% next year vs 50% growth forecast for Metals and Mining industry in Indonesia. Consensus price target down from Rp796 to Rp770. Share price rose 4.3% to Rp605 over the past week.공시 • May 18PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 21, 2024PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 21, 2024.Reported Earnings • Mar 29Full year 2023 earnings released: EPS: US$0 (vs US$0 in FY 2022)Full year 2023 results: EPS: US$0 (in line with FY 2022). Revenue: US$1.33b (up 192% from FY 2022). Net income: US$6.93m (down 68% from FY 2022). Profit margin: 0.5% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Metals and Mining industry in Indonesia.New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 24Third quarter 2023 earnings released: EPS: US$0 (vs US$1.34 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0 (improved from US$1.34 loss in 3Q 2022). Revenue: US$522.9m (up 226% from 3Q 2022). Net income: US$20.3m (up US$30.9m from 3Q 2022). Profit margin: 3.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 59% decline forecast for the Metals and Mining industry in Indonesia.New Risk • Oct 14New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.이익 및 매출 성장 예측IDX:MBMA - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20284,184501N/AN/A112/31/20273,106246364417812/31/20262,899204127205212/31/20251,43530-15637N/A9/30/20251,40030-18815N/A6/30/20251,5518-8790N/A3/31/20251,76716-17229N/A12/31/20241,84523-16478N/A9/30/20241,83425-21393N/A6/30/20241,89947-26866N/A3/31/20241,63018-32950N/A12/31/20231,3287-385-15N/A9/30/20231,040-1-498-49N/A6/30/2023678-31-461-64N/A3/31/2023534-2-41534N/A12/31/202245622-419109N/A11/30/202243025N/AN/AN/A9/30/202228923-229109N/A12/31/2021N/A000N/A12/31/2020N/A000N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: MBMA 의 연간 예상 수익 증가율(51%)이 saving rate(6.7%)보다 높습니다.수익 vs 시장: MBMA 의 연간 수익(51%)이 ID 시장(8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: MBMA 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: MBMA 의 수익(연간 29.3%)이 ID 시장(연간 12.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: MBMA 의 수익(연간 29.3%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: MBMA의 자본 수익률은 3년 후 21.6%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 21:34종가2026/05/20 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스PT Merdeka Battery Materials Tbk.는 12명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yu Jie LoBofA Global ResearchJacquelin HamdaniCGS InternationalRyan DavisCitigroup Inc9명의 분석가 더 보기
Major Estimate Revision • May 06Consensus revenue estimates increase by 16%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$2.51b to US$2.90b. EPS estimate unchanged from US$0.0014 at last update. Metals and Mining industry in Indonesia expected to see average net income growth of 72% next year. Consensus price target of Rp763 unchanged from last update. Share price fell 4.3% to Rp660 over the past week.
Major Estimate Revision • Dec 24Consensus EPS estimates increase by 110%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$1.57b to US$1.42b. EPS estimate rose from US$0.0002 to US$0.0004. Net income forecast to grow 260% next year vs 61% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp675. Share price was steady at Rp545 over the past week.
Major Estimate Revision • Oct 14Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$1.55b to US$1.58b. EPS estimate fell from US$0.0001 to US$0.0001 per share. Net income forecast to grow 741% next year vs 49% growth forecast for Metals and Mining industry in Indonesia. Consensus price target up from Rp531 to Rp595. Share price fell 4.9% to Rp585 over the past week.
Major Estimate Revision • Nov 02Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$1.93b to US$1.91b. EPS estimate rose from US$0.0002 to US$0.0003. Net income forecast to grow 100% next year vs 61% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp724. Share price rose 2.9% to Rp540 over the past week.
Major Estimate Revision • Oct 07Consensus EPS estimates fall by 65%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.07b to US$1.94b. EPS estimate also fell from US$0.0006 per share to US$0.0002 per share. Net income forecast to grow 94% next year vs 34% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp718. Share price fell 4.3% to Rp560 over the past week.
Major Estimate Revision • Sep 04Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.11b to US$2.07b. EPS estimate also fell from US$0.0007 per share to US$0.0006 per share. Net income forecast to grow 477% next year vs 13% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp712. Share price fell 3.6% to Rp540 over the past week.
공시 • May 06PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 11, 2026PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 11, 2026.
Major Estimate Revision • May 06Consensus revenue estimates increase by 16%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$2.51b to US$2.90b. EPS estimate unchanged from US$0.0014 at last update. Metals and Mining industry in Indonesia expected to see average net income growth of 72% next year. Consensus price target of Rp763 unchanged from last update. Share price fell 4.3% to Rp660 over the past week.
Reported Earnings • Apr 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$0 (in line with FY 2024). Revenue: US$1.43b (down 22% from FY 2024). Net income: US$29.6m (up 30% from FY 2024). Profit margin: 2.1% (up from 1.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were behind analyst estimates. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 33% growth forecast for the Metals and Mining industry in Indonesia.
New Risk • Mar 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
공시 • Mar 17PT Merdeka Battery Materials Tbk. (IDX:MBMA) announces an Equity Buyback for 1,800,000,000 shares, for IDR 1,700,000 million.PT Merdeka Battery Materials Tbk. (IDX:MBMA) announces a share repurchase program. Under the plan, the company will repurchase up to 1,800,000,000 shares for IDR 1,700,000 million. The purpose of program is to maintain share price stability and strengthen investor confidence. The program is valid till June 16, 2026.
Major Estimate Revision • Dec 24Consensus EPS estimates increase by 110%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$1.57b to US$1.42b. EPS estimate rose from US$0.0002 to US$0.0004. Net income forecast to grow 260% next year vs 61% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp675. Share price was steady at Rp545 over the past week.
Reported Earnings • Dec 19Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0 (in line with 3Q 2024). Revenue: US$307.3m (down 33% from 3Q 2024). Net income: US$19.5m (up US$21.4m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) were also behind analyst estimates. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 38% growth forecast for the Metals and Mining industry in Indonesia.
Major Estimate Revision • Oct 14Consensus EPS estimates fall by 21%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$1.55b to US$1.58b. EPS estimate fell from US$0.0001 to US$0.0001 per share. Net income forecast to grow 741% next year vs 49% growth forecast for Metals and Mining industry in Indonesia. Consensus price target up from Rp531 to Rp595. Share price fell 4.9% to Rp585 over the past week.
Board Change • Oct 14No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Didi Achjari was the last independent director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • May 05PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 10, 2025PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 10, 2025.
Major Estimate Revision • Nov 02Consensus EPS estimates increase by 13%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$1.93b to US$1.91b. EPS estimate rose from US$0.0002 to US$0.0003. Net income forecast to grow 100% next year vs 61% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp724. Share price rose 2.9% to Rp540 over the past week.
Major Estimate Revision • Oct 07Consensus EPS estimates fall by 65%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.07b to US$1.94b. EPS estimate also fell from US$0.0006 per share to US$0.0002 per share. Net income forecast to grow 94% next year vs 34% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp718. Share price fell 4.3% to Rp560 over the past week.
Reported Earnings • Oct 02Second quarter 2024 earnings released: EPS: US$0 (vs US$0 in 2Q 2023)Second quarter 2024 results: EPS: US$0 (in line with 2Q 2023). Revenue: US$477.4m (up 129% from 2Q 2023). Net income: US$16.7m (up US$29.4m from 2Q 2023). Profit margin: 3.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in Indonesia.
Major Estimate Revision • Sep 04Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.11b to US$2.07b. EPS estimate also fell from US$0.0007 per share to US$0.0006 per share. Net income forecast to grow 477% next year vs 13% growth forecast for Metals and Mining industry in Indonesia. Consensus price target broadly unchanged at Rp712. Share price fell 3.6% to Rp540 over the past week.
Major Estimate Revision • Jun 27Consensus revenue estimates increase by 10%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$1.91b to US$2.11b. EPS estimate unchanged from US$0.0009 at last update. Metals and Mining industry in Indonesia expected to see average net income growth of 54% next year. Consensus price target of Rp760 unchanged from last update. Share price rose 12% to Rp620 over the past week.
Reported Earnings • Jun 06First quarter 2024 earnings released: EPS: US$0 (vs US$0 in 1Q 2023)First quarter 2024 results: EPS: US$0 (in line with 1Q 2023). Revenue: US$444.2m (up 153% from 1Q 2023). Net income: US$3.67m (up US$13.5m from 1Q 2023). Profit margin: 0.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Indonesia.
Major Estimate Revision • May 18Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$1.98b to US$1.95b. EPS estimate also fell from US$0.0016 per share to US$0.0013 per share. Net income forecast to grow 2,401% next year vs 50% growth forecast for Metals and Mining industry in Indonesia. Consensus price target down from Rp796 to Rp770. Share price rose 4.3% to Rp605 over the past week.
공시 • May 18PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 21, 2024PT Merdeka Battery Materials Tbk., Annual General Meeting, Jun 21, 2024.
Reported Earnings • Mar 29Full year 2023 earnings released: EPS: US$0 (vs US$0 in FY 2022)Full year 2023 results: EPS: US$0 (in line with FY 2022). Revenue: US$1.33b (up 192% from FY 2022). Net income: US$6.93m (down 68% from FY 2022). Profit margin: 0.5% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Metals and Mining industry in Indonesia.
New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 24Third quarter 2023 earnings released: EPS: US$0 (vs US$1.34 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0 (improved from US$1.34 loss in 3Q 2022). Revenue: US$522.9m (up 226% from 3Q 2022). Net income: US$20.3m (up US$30.9m from 3Q 2022). Profit margin: 3.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 59% decline forecast for the Metals and Mining industry in Indonesia.
New Risk • Oct 14New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.