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Indonesian (IDX) Materials Sector Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies86
  • 7D-10.4%
  • 3M-21.5%
  • 1Y23.9%
  • YTD-23.0%

Over the last 7 days, the Materials industry has dropped 10%, driven by declines in Amman Mineral Internasional and Chandra Asri Pacific of 19% and 14%, respectively. On the other hand Cemindo Gemilang is actually up 5.3%. In the past year, the industry has gained 24%. Looking forward, earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026Rp2138.5tRp755.2tRp80.0t17.3x26.7x2.8x
Tue, 10 Feb 2026Rp2598.3tRp750.3tRp79.8t19.7x32.6x3.5x
Thu, 08 Jan 2026Rp2929.3tRp749.1tRp79.6t21.6x36.8x3.9x
Sat, 06 Dec 2025Rp2668.0tRp751.6tRp74.7t21.2x35.7x3.5x
Mon, 03 Nov 2025Rp2550.1tRp729.6tRp75.4t18.9x33.8x3.5x
Wed, 01 Oct 2025Rp2583.1tRp701.1tRp69.4t15.8x37.2x3.7x
Fri, 29 Aug 2025Rp2340.9tRp682.7tRp68.8t15.6x34x3.4x
Sun, 27 Jul 2025Rp2620.5tRp631.2tRp49.4t15.9x53.1x4.2x
Tue, 24 Jun 2025Rp2393.7tRp635.7tRp49.4t15.2x48.4x3.8x
Thu, 22 May 2025Rp2250.3tRp634.5tRp49.0t15.5x45.9x3.5x
Sat, 19 Apr 2025Rp1916.4tRp655.0tRp49.7t13.7x38.5x2.9x
Mon, 17 Mar 2025Rp1830.0tRp637.1tRp45.3t13.9x40.4x2.9x
Wed, 12 Feb 2025Rp1887.6tRp641.7tRp48.0t13.9x39.3x2.9x
Fri, 10 Jan 2025Rp2201.6tRp635.4tRp47.4t14.7x46.4x3.5x
Sun, 08 Dec 2024Rp2487.0tRp629.1tRp48.4t15.1x51.4x4x
Tue, 05 Nov 2024Rp2440.5tRp619.2tRp43.2t17.3x56.4x3.9x
Thu, 03 Oct 2024Rp2457.8tRp599.5tRp47.3t14.2x51.9x4.1x
Sat, 31 Aug 2024Rp2491.5tRp600.9tRp47.0t14x53x4.1x
Mon, 29 Jul 2024Rp2495.6tRp610.1tRp45.4t14.2x55x4.1x
Wed, 26 Jun 2024Rp2374.0tRp614.2tRp41.1t13.4x57.8x3.9x
Fri, 24 May 2024Rp2463.8tRp601.9tRp40.7t13.6x60.5x4.1x
Sun, 21 Apr 2024Rp2106.0tRp614.2tRp42.4t13.3x49.6x3.4x
Tue, 19 Mar 2024Rp1942.1tRp594.5tRp48.1t13.2x40.4x3.3x
Thu, 15 Feb 2024Rp1758.3tRp588.5tRp45.2t13.4x38.9x3x
Sat, 13 Jan 2024Rp1701.5tRp589.4tRp45.2t14.1x37.6x2.9x
Mon, 11 Dec 2023Rp1797.7tRp588.8tRp45.4t13.9x39.6x3.1x
Wed, 08 Nov 2023Rp1615.8tRp585.5tRp46.9t15x34.5x2.8x
Fri, 06 Oct 2023Rp1636.1tRp604.4tRp59.8t15.5x27.4x2.7x
Sun, 03 Sep 2023Rp1485.5tRp595.7tRp60.5t16.2x24.5x2.5x
Tue, 01 Aug 2023Rp1248.3tRp601.8tRp63.7t13.9x19.6x2.1x
Thu, 29 Jun 2023Rp1019.1tRp562.5tRp49.4t14.8x20.6x1.8x
Sat, 27 May 2023Rp1009.7tRp559.7tRp51.6t14.5x19.6x1.8x
Mon, 24 Apr 2023Rp1133.4tRp558.1tRp54.7t12.8x20.7x2x
Wed, 22 Mar 2023Rp939.1tRp560.8tRp49.8t12.4x18.8x1.7x
Price to Earnings Ratio

18.8x


Total Market Cap: Rp939.1tTotal Earnings: Rp49.8tTotal Revenue: Rp560.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Materials Sector Price to Earnings3Y Average 39.5x202420252026
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 26.7x which is lower than its 3-year average PE of 39.5x.
  • 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 10% 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-7.00%
Materials-10.37%
Packaging1.54%
Paper and Forestry Products-3.80%
Basic Materials-4.50%
Metals and Mining-10.02%
Chemicals-12.13%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 37.7x.
    • Analysts are expecting annual earnings growth of 68.5%, which is higher than its past year's earnings growth of 61.8% per year.
  • Investors are most pessimistic about the Paper and Forestry Products industry, which is trading below 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 68% 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
CMNT Cemindo GemilangRp700.005.3%
+Rp599.4b		-20.9%PS1.4x
SAMF Saraswanti Anugerah MakmurRp362.0010.4%
+Rp348.5b		8.4%PE13.9x
SINI Singaraja PutraRp10.53k6.3%
+Rp300.6b		321.0%PS12.5x
ALKA Alakasa IndustrindoRp1.09k65.2%
+Rp218.3b		270.7%PS3.7x
AGII Samator Indo GasRp3.40k2.1%
+Rp214.7b		181.0%PE123.3x

Latest News

ASPR
Rp176.00
Asia Pramulia
7D
43.1%
1Y
n/a
ANTM
Rp3,810.00
Aneka Tambang
7D
-5.7%
1Y
139.6%
INCO
Rp5,650.00
Vale Indonesia
7D
-8.9%
1Y
129.7%

INCO: Higher Future Margins Are Expected To Support Stronger Upside Potential

Analysts have revised their price target for Vale Indonesia to IDR 9,974 from IDR 5,892, citing updated assumptions around revenue growth, profit margin, and a slightly adjusted discount rate and forward P/E. Valuation Changes Fair Value: revised from IDR 5,892.33 to IDR 9,974.31, indicating a materially higher assessed valuation level for the shares.
PBID
Rp500.00
Panca Budi Idaman
7D
2.9%
1Y
-7.4%
TPIA
Rp5,450.00
Chandra Asri Pacific
7D
-13.8%
1Y
-19.3%
BRPT
Rp1,370.00
Barito Pacific
7D
-11.9%
1Y
75.6%
MDKA
Rp3,190.00
Merdeka Copper Gold
7D
-8.3%
1Y
138.1%
AGII
Rp3,400.00
Samator Indo Gas
7D
2.1%
1Y
181.0%
SINI
Rp10,525.00
Singaraja Putra
7D
6.3%
1Y
321.0%
IMPC
Rp1,690.00
Impack Pratama Industri
7D
-8.2%
1Y
455.9%
AMMN
Rp4,950.00
Amman Mineral Internasional
7D
-19.2%
1Y
-19.8%
NCKL
Rp1,195.00
Trimegah Bangun Persada
7D
-12.1%
1Y
81.1%
ALKA
Rp1,090.00
Alakasa Industrindo
7D
65.2%
1Y
270.7%
YPAS
Rp645.00
Yanaprima Hastapersada
7D
17.3%
1Y
104.1%
SAMF
Rp362.00
Saraswanti Anugerah Makmur
7D
10.4%
1Y
8.4%
CMNT
Rp700.00
Cemindo Gemilang
7D
5.3%
1Y
-20.9%