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Indonesian (IDX) Materials Sector Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies85
  • 7D-6.2%
  • 3M-21.2%
  • 1Y18.6%
  • YTD-24.2%

Over the last 7 days, the Materials industry has dropped 6.2%, driven by pullbacks in Amman Mineral Internasional and Chandra Asri Pacific of 16% and 11%, respectively. Meanwhile, Merdeka Gold Resources actually outperformed within the industry, gaining 20% in the last week. Over the past 12 months, the industry was up 19%. Looking forward, earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

Has the Indonesian Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026Rp2104.3tRp756.4tRp77.4t17.4x27.2x2.8x
Sun, 15 Feb 2026Rp2708.0tRp751.0tRp79.9t21x33.9x3.6x
Tue, 13 Jan 2026Rp2855.0tRp751.8tRp79.9t21.4x35.7x3.8x
Thu, 11 Dec 2025Rp2633.7tRp752.4tRp74.8t21.2x35.2x3.5x
Sat, 08 Nov 2025Rp2597.8tRp752.4tRp75.4t20.2x34.5x3.5x
Mon, 06 Oct 2025Rp2610.4tRp699.7tRp69.2t16.5x37.7x3.7x
Wed, 03 Sep 2025Rp2327.7tRp703.7tRp70.3t15.8x33.1x3.3x
Fri, 01 Aug 2025Rp2653.0tRp635.8tRp49.1t16.6x54.1x4.2x
Sun, 29 Jun 2025Rp2443.6tRp630.8tRp49.1t15.2x49.8x3.9x
Tue, 27 May 2025Rp2301.9tRp631.3tRp48.8t15.6x47.2x3.6x
Thu, 24 Apr 2025Rp2038.8tRp656.0tRp49.8t13.9x40.9x3.1x
Sat, 22 Mar 2025Rp1803.2tRp630.8tRp41.8t13.1x43.1x2.9x
Mon, 17 Feb 2025Rp1984.5tRp639.1tRp47.8t14x41.5x3.1x
Wed, 15 Jan 2025Rp2185.1tRp639.8tRp47.6t15x45.9x3.4x
Fri, 13 Dec 2024Rp2453.4tRp630.9tRp48.6t15.3x50.5x3.9x
Sun, 10 Nov 2024Rp2351.0tRp618.3tRp43.1t15.5x54.5x3.8x
Tue, 08 Oct 2024Rp2430.3tRp613.8tRp50.1t13.8x48.5x4x
Thu, 05 Sep 2024Rp2476.6tRp601.8tRp47.0t13.9x52.7x4.1x
Sat, 03 Aug 2024Rp2554.1tRp606.4tRp47.3t13.3x54x4.2x
Mon, 01 Jul 2024Rp2436.7tRp613.6tRp41.1t13.6x59.4x4x
Wed, 29 May 2024Rp2635.9tRp603.2tRp40.8t13.2x64.6x4.4x
Fri, 26 Apr 2024Rp2162.9tRp612.3tRp42.6t13.1x50.8x3.5x
Sun, 24 Mar 2024Rp1976.7tRp596.7tRp48.1t13x41.1x3.3x
Tue, 20 Feb 2024Rp1816.0tRp590.4tRp45.2t13.5x40.1x3.1x
Thu, 18 Jan 2024Rp1685.5tRp591.8tRp45.4t14.4x37.1x2.8x
Sat, 16 Dec 2023Rp1804.0tRp588.2tRp45.4t13.1x39.7x3.1x
Mon, 13 Nov 2023Rp1607.0tRp581.0tRp43.5t15x36.9x2.8x
Wed, 11 Oct 2023Rp1644.7tRp598.0tRp52.3t15.4x31.5x2.8x
Fri, 08 Sep 2023Rp1524.4tRp596.9tRp60.3t16.8x25.3x2.6x
Sun, 06 Aug 2023Rp1266.9tRp597.5tRp62.3t15.7x20.3x2.1x
Tue, 04 Jul 2023Rp1025.2tRp561.4tRp47.9t15.2x21.4x1.8x
Thu, 01 Jun 2023Rp1007.9tRp560.5tRp51.7t14.7x19.5x1.8x
Sat, 29 Apr 2023Rp1134.3tRp552.5tRp54.1t13.2x21x2.1x
Mon, 27 Mar 2023Rp949.5tRp558.0tRp48.5t12.6x19.6x1.7x
Price to Earnings Ratio

19.6x


Total Market Cap: Rp949.5tTotal Earnings: Rp48.5tTotal Revenue: Rp558.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Materials Sector Price to Earnings3Y Average 39.6x202420252026
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 27.2x which is lower than its 3-year average PE of 39.6x.
  • The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 11% 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-4.32%
Materials-6.22%
Paper and Forestry Products3.24%
Packaging-0.085%
Basic Materials-0.49%
Metals and Mining-6.37%
Chemicals-7.42%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 37.8x.
    • Analysts are expecting annual earnings growth of 67.8%, which is higher than its past year's earnings growth of 61.1% per year.
  • Investors are most pessimistic about the Paper and Forestry Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.0x.
Forecasted Growth
  • Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 68% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Chemicals industry is expected to see its earnings decline by 67% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EMAS Merdeka Gold ResourcesRp9.50k19.9%
+Rp23.2t		n/aPS62448.5x
ADMR Alamtri Minerals IndonesiaRp1.97k4.5%
+Rp3.5t		117.1%PE17.4x
IMPC Impack Pratama IndustriRp1.82k3.4%
+Rp3.3t		494.8%PE165.9x
INKP Indah Kiat Pulp & PaperRp9.50k3.5%
+Rp1.8t		94.7%PE6.8x
PSAB J Resources Asia PasifikRp530.0010.0%
+Rp1.3t		67.7%PE26.8x

Latest News

BRMS
Rp680.00
Bumi Resources Minerals
7D
-16.6%
1Y
84.8%
TKIM
Rp9,050.00
Pabrik Kertas Tjiwi Kimia
7D
3.7%
1Y
90.9%
INKP
Rp9,500.00
Indah Kiat Pulp & Paper
7D
3.5%
1Y
94.7%
INCO
Rp5,575.00
Vale Indonesia
7D
-7.5%
1Y
142.4%
NCKL
Rp1,145.00
Trimegah Bangun Persada
7D
-7.7%
1Y
68.4%
ADMR
Rp1,965.00
Alamtri Minerals Indonesia
7D
4.5%
1Y
117.1%
ANTM
Rp3,750.00
Aneka Tambang
7D
-3.6%
1Y
128.0%
PSAB
Rp530.00
J Resources Asia Pasifik
7D
10.0%
1Y
67.7%
PTRO
Rp4,320.00
Petrosea
7D
-7.7%
1Y
60.0%
TPIA
Rp5,125.00
Chandra Asri Pacific
7D
-10.9%
1Y
-27.3%
BRPT
Rp1,355.00
Barito Pacific
7D
-5.6%
1Y
100.7%
IMPC
Rp1,820.00
Impack Pratama Industri
7D
3.4%
1Y
494.8%
AMMN
Rp4,630.00
Amman Mineral Internasional
7D
-16.2%
1Y
-25.9%
CITA
Rp4,150.00
Cita Mineral Investindo
7D
1.2%
1Y
38.3%
EMAS
Rp9,500.00
Merdeka Gold Resources
7D
19.9%
1Y
n/a
CMNT
Rp725.00
Cemindo Gemilang
7D
2.8%
1Y
-18.1%