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Indonesian (IDX) Materials Sector Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies87
  • 7D-2.0%
  • 3M7.7%
  • 1Y31.7%
  • YTD31.4%

Over the last 7 days, the Materials industry has dropped 2.0%, driven by a pullback from Amman Mineral Internasional of 5.9%. This takes the industry's 12 month performance to a gain of 32%. Looking forward, earnings are forecast to grow by 6.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Dec 2025Rp2671.6tRp748.3tRp79.5t21.8x33.6x3.6x
Wed, 19 Nov 2025Rp2543.1tRp754.0tRp75.1t19.7x33.9x3.4x
Fri, 17 Oct 2025Rp2711.9tRp699.0tRp69.1t16.8x39.3x3.9x
Sun, 14 Sep 2025Rp2337.1tRp702.9tRp70.2t16.1x33.3x3.3x
Tue, 12 Aug 2025Rp2346.2tRp678.0tRp69.0t15.8x34x3.5x
Thu, 10 Jul 2025Rp2559.5tRp629.6tRp49.2t15.2x52x4.1x
Sat, 07 Jun 2025Rp2421.4tRp632.2tRp49.0t15.6x49.4x3.8x
Mon, 05 May 2025Rp2106.3tRp634.0tRp47.2t16.1x44.6x3.3x
Wed, 02 Apr 2025Rp1795.4tRp632.3tRp47.6t13.2x37.7x2.8x
Fri, 28 Feb 2025Rp1989.3tRp641.6tRp47.2t14.2x42.2x3.1x
Sun, 26 Jan 2025Rp2150.3tRp637.7tRp47.5t15.1x45.3x3.4x
Tue, 24 Dec 2024Rp2279.1tRp634.2tRp47.4t14.4x48.1x3.6x
Thu, 21 Nov 2024Rp2260.9tRp622.7tRp43.4t14.7x52x3.6x
Sat, 19 Oct 2024Rp2521.3tRp610.1tRp48.5t15.9x52x4.1x
Mon, 16 Sep 2024Rp2454.4tRp600.1tRp46.9t14.3x52.4x4.1x
Wed, 14 Aug 2024Rp2484.2tRp599.8tRp47.6t14.2x52.1x4.1x
Fri, 12 Jul 2024Rp2531.0tRp593.0tRp38.6t13.9x65.5x4.3x
Sun, 09 Jun 2024Rp2426.4tRp614.1tRp41.3t14.5x58.7x4x
Tue, 07 May 2024Rp2215.3tRp604.2tRp40.8t13.7x54.3x3.7x
Thu, 04 Apr 2024Rp2073.0tRp603.1tRp42.8t15.1x48.5x3.4x
Sat, 02 Mar 2024Rp1877.9tRp591.2tRp46.0t13.3x40.9x3.2x
Mon, 29 Jan 2024Rp1863.7tRp595.6tRp45.7t13.1x40.8x3.1x
Wed, 27 Dec 2023Rp1883.0tRp586.8tRp45.3t12.9x41.6x3.2x
Fri, 24 Nov 2023Rp1599.1tRp584.1tRp44.2t14.7x36.1x2.7x
Sun, 22 Oct 2023Rp1597.5tRp599.4tRp52.2t16.5x30.6x2.7x
Tue, 19 Sep 2023Rp1634.3tRp597.7tRp60.4t16.9x27.1x2.7x
Thu, 17 Aug 2023Rp1314.3tRp599.1tRp61.4t14.1x21.4x2.2x
Sat, 15 Jul 2023Rp1175.5tRp602.3tRp64.2t15.2x18.3x2x
Mon, 12 Jun 2023Rp1007.7tRp565.7tRp48.7t14.6x20.7x1.8x
Wed, 10 May 2023Rp1095.3tRp556.6tRp53.0t12.9x20.7x2x
Fri, 07 Apr 2023Rp957.0tRp554.6tRp50.1t12.6x19.1x1.7x
Sun, 05 Mar 2023Rp989.1tRp559.4tRp50.8t12.4x19.5x1.8x
Tue, 31 Jan 2023Rp1028.7tRp548.0tRp49.5t13x20.8x1.9x
Thu, 29 Dec 2022Rp1011.1tRp564.4tRp51.3t12.9x19.7x1.8x
Price to Earnings Ratio

19.7x


Total Market Cap: Rp1011.1tTotal Earnings: Rp51.3tTotal Revenue: Rp564.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Materials Sector Price to Earnings3Y Average 38.5x202320242025
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 33.6x which is lower than its 3-year average PE of 38.5x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have grown 16% 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-0.97%
Materials-2.00%
Packaging1.49%
Basic Materials0.93%
Paper and Forestry Products-0.91%
Chemicals-0.95%
Metals and Mining-3.17%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 34.6x.
    • Analysts are expecting annual earnings growth of 71.0%, 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 5.9x.
Forecasted Growth
  • Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 71% 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
NCKL Trimegah Bangun PersadaRp1.07k10.9%
+Rp6.6t		43.0%PE8.4x
INCO Vale IndonesiaRp4.44k14.1%
+Rp5.8t		26.5%PE47.2x
BRMS Bumi Resources MineralsRp1.17k3.6%
+Rp5.7t		234.8%PE210.9x
ANTM Aneka TambangRp3.19k5.3%
+Rp3.8t		119.2%PE10.3x
EMAS Merdeka Gold ResourcesRp5.60k2.8%
+Rp2.2t		n/aPS43331.8x

Latest News

MDKA
Rp2,260.00
Merdeka Copper Gold
7D
-3.8%
1Y
38.7%
TINS
Rp3,370.00
TIMAH
7D
-5.1%
1Y
235.3%
DEWA
Rp575.00
Darma Henwa
7D
6.5%
1Y
442.5%
INCO
Rp4,440.00
Vale Indonesia
7D
14.1%
1Y
26.5%

INCO: Higher Margins Are Expected To Drive Stronger Prospects Ahead

Analysts have raised their price target for Vale Indonesia from IDR 5,244 to IDR 5,892, citing expectations of stronger revenue growth, higher profit margins, and a more attractive forward P/E multiple, despite a slightly higher assumed discount rate. What's in the News Vale Indonesia plans to conduct its Year End Analyst Gathering 2025, signaling continued engagement with investors and analysts on strategic and financial outlooks (Key Developments).
BRMS
Rp1,165.00
Bumi Resources Minerals
7D
3.6%
1Y
234.8%
EMAS
Rp5,600.00
Merdeka Gold Resources
7D
2.8%
1Y
n/a
ANTM
Rp3,190.00
Aneka Tambang
7D
5.3%
1Y
119.2%
BRPT
Rp3,440.00
Barito Pacific
7D
-4.4%
1Y
295.4%
KRAS
Rp336.00
Krakatau Steel (Persero)
7D
-8.2%
1Y
229.4%
SMGR
Rp2,700.00
Semen Indonesia (Persero)
7D
-1.8%
1Y
-19.4%
NICE
Rp388.00
Adhi Kartiko Pratama
7D
-6.3%
1Y
3.7%
NCKL
Rp1,065.00
Trimegah Bangun Persada
7D
10.9%
1Y
43.0%
ADMR
Rp1,415.00
Alamtri Minerals Indonesia
7D
1.8%
1Y
26.3%
AVIA
Rp462.00
Avia Avian
7D
-2.1%
1Y
23.5%
PTRO
Rp10,700.00
Petrosea
7D
1.9%
1Y
280.1%
ESSA
Rp645.00
ESSA Industries Indonesia
7D
-1.5%
1Y
-23.2%