Narrative Update • Sep 04
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Indonesian (IDX) Materials Sector Analysis
UpdatedSep 22, 2026
DataAggregated Company Financials
Companies84
- 7D-2.7%
- 3M9.0%
- 1Y-34.0%
- YTD-38.7%
Over the last 7 days, the Materials industry has dropped 2.7%, driven by a pullback from Amman Mineral Internasional of 8.6%. On the other hand Singaraja Putra is actually up 20%. However, the industry is down 34% over the past year. Looking forward, earnings are forecast to grow by 33% annually.
Sector Valuation and Performance
Has the Indonesian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 22 Sep 2026 | Rp1739.1t | Rp980.8t | Rp99.4t | 12.6x | 17.5x | 1.8x |
| Thu, 20 Aug 2026 | Rp1690.1t | Rp974.3t | Rp99.7t | 11.8x | 16.9x | 1.7x |
| Sat, 18 Jul 2026 | Rp1558.4t | Rp935.1t | Rp116.5t | 12.5x | 13.4x | 1.7x |
| Mon, 15 Jun 2026 | Rp1526.2t | Rp933.0t | Rp113.4t | 12.6x | 13.5x | 1.6x |
| Wed, 13 May 2026 | Rp2116.8t | Rp886.7t | Rp104.7t | 16.8x | 20.2x | 2.4x |
| Fri, 10 Apr 2026 | Rp2252.2t | Rp812.1t | Rp89.6t | 17.1x | 25.1x | 2.8x |
| Sun, 08 Mar 2026 | Rp2386.1t | Rp753.4t | Rp80.4t | 18.8x | 29.7x | 3.2x |
| Tue, 03 Feb 2026 | Rp2327.9t | Rp749.3t | Rp79.7t | 19x | 29.2x | 3.1x |
| Thu, 01 Jan 2026 | Rp2705.9t | Rp747.6t | Rp79.4t | 22x | 34.1x | 3.6x |
| Sat, 29 Nov 2025 | Rp2622.9t | Rp753.1t | Rp74.9t | 20.2x | 35x | 3.5x |
| Mon, 27 Oct 2025 | Rp2642.5t | Rp700.2t | Rp69.0t | 18.4x | 38.3x | 3.8x |
| Wed, 24 Sep 2025 | Rp2515.9t | Rp709.4t | Rp70.7t | 15.8x | 35.6x | 3.5x |
| Fri, 22 Aug 2025 | Rp2380.9t | Rp683.0t | Rp68.8t | 15.7x | 34.6x | 3.5x |
| Sun, 20 Jul 2025 | Rp2555.8t | Rp630.6t | Rp49.2t | 15.3x | 51.9x | 4.1x |
| Tue, 17 Jun 2025 | Rp2447.3t | Rp632.1t | Rp49.2t | 16x | 49.8x | 3.9x |
| Thu, 15 May 2025 | Rp2137.0t | Rp637.9t | Rp49.3t | 15x | 43.4x | 3.4x |
| Sat, 12 Apr 2025 | Rp1673.1t | Rp655.1t | Rp50.3t | 12.1x | 33.3x | 2.6x |
| Mon, 10 Mar 2025 | Rp1959.1t | Rp635.6t | Rp45.2t | 14.2x | 43.3x | 3.1x |
| Wed, 05 Feb 2025 | Rp2118.6t | Rp641.1t | Rp47.9t | 14x | 44.2x | 3.3x |
| Fri, 03 Jan 2025 | Rp2287.5t | Rp634.4t | Rp47.4t | 14.8x | 48.3x | 3.6x |
| Sun, 01 Dec 2024 | Rp2254.3t | Rp628.6t | Rp48.4t | 14.5x | 46.6x | 3.6x |
| Tue, 29 Oct 2024 | Rp2517.8t | Rp616.3t | Rp49.1t | 15x | 51.3x | 4.1x |
| Thu, 26 Sep 2024 | Rp2480.0t | Rp593.5t | Rp46.3t | 14.2x | 53.5x | 4.2x |
| Sat, 24 Aug 2024 | Rp2440.6t | Rp599.5t | Rp46.1t | 14.5x | 52.9x | 4.1x |
| Mon, 22 Jul 2024 | Rp2482.9t | Rp593.6t | Rp38.8t | 13.9x | 63.9x | 4.2x |
| Wed, 19 Jun 2024 | Rp2434.1t | Rp614.5t | Rp41.1t | 13.4x | 59.2x | 4x |
| Fri, 17 May 2024 | Rp2390.8t | Rp599.2t | Rp41.1t | 13.4x | 58.2x | 4x |
| Sun, 14 Apr 2024 | Rp2144.1t | Rp605.3t | Rp41.8t | 14.5x | 51.2x | 3.5x |
| Tue, 12 Mar 2024 | Rp1941.1t | Rp591.6t | Rp47.7t | 13x | 40.7x | 3.3x |
| Thu, 08 Feb 2024 | Rp1843.1t | Rp590.7t | Rp45.2t | 13.7x | 40.8x | 3.1x |
| Sat, 06 Jan 2024 | Rp1887.1t | Rp588.2t | Rp45.1t | 14.5x | 41.8x | 3.2x |
| Mon, 04 Dec 2023 | Rp1484.9t | Rp570.1t | Rp46.4t | 14.5x | 32x | 2.6x |
| Wed, 01 Nov 2023 | Rp1595.3t | Rp592.3t | Rp51.7t | 14.8x | 30.8x | 2.7x |
| Fri, 29 Sep 2023 | Rp1631.4t | Rp600.7t | Rp60.7t | 16.7x | 26.9x | 2.7x |
Price to Earnings Ratio
26.9x
Current Industry PE
- Investors are pessimistic on the Indonesian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.5x which is lower than its 3-year average PE of 39.1x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indonesian Materials sector?
| ID Market | -1.87% | |
| Materials | -2.65% | |
| Basic Materials | -0.73% | |
| Chemicals | -1.64% | |
| Metals and Mining | -3.03% | |
| Paper and Forestry Products | -3.34% | |
| Packaging | -4.83% | |
Industry PE
- Investors are most optimistic about the Chemicals industry even though it's trading below its 3-year average PE ratio of 158x.
- Analysts are expecting annual earnings growth of 21.9%, which is lower than the prior year's growth of 28.3% per year.
- Investors are most pessimistic about the Paper and Forestry Products industry, which is trading below its 3-year average of 6.2x.
Forecasted Growth
- Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 38% over the next 5 years.
- However this is lower than its past earnings growth rate of 48% per year.
- In contrast, the Paper and Forestry Products industry is expected to see its earnings grow by 8.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SINI Singaraja Putra | Rp16.05k | 20.2% +Rp3.2t | 303.3% | PE31.1x | |
| PTRO Petrosea | Rp5.38k | 3.9% +Rp2.0t | -13.0% | PE108.2x | |
| AGII Samator Indo Gas | Rp3.50k | 11.1% +Rp1.1t | 329.4% | PE106.3x | |
| MBMA Merdeka Battery Materials | Rp505.00 | 1.8% +Rp972.0b | 1.8% | PE48.5x | |
| MDKA Merdeka Copper Gold | Rp2.83k | 0.7% +Rp488.3b | 15.5% | PS1.9x |