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Indonesian (IDX) Materials Sector Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies86
  • 7D1.2%
  • 3M7.8%
  • 1Y38.8%
  • YTD-1.3%

Over the last 7 days, the Materials industry has risen 1.2%, driven by gains from Amman Mineral Internasional of 4.6%. This takes the industry's 12 month performance to a gain of 39%. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026Rp2741.5tRp752.4tRp80.0t20.8x34.3x3.6x
Tue, 20 Jan 2026Rp2914.4tRp755.1tRp80.3t22x36.3x3.9x
Thu, 18 Dec 2025Rp2691.9tRp752.2tRp78.4t20.7x34.3x3.6x
Sat, 15 Nov 2025Rp2580.8tRp753.1tRp75.0t20.6x34.4x3.4x
Mon, 13 Oct 2025Rp2771.5tRp699.1tRp69.1t18.2x40.1x4x
Wed, 10 Sep 2025Rp2265.5tRp703.4tRp70.3t16.6x32.2x3.2x
Fri, 08 Aug 2025Rp2406.1tRp678.5tRp69.1t15.4x34.8x3.5x
Sun, 06 Jul 2025Rp2458.2tRp628.4tRp49.1t15x50.1x3.9x
Tue, 03 Jun 2025Rp2269.4tRp632.2tRp49.0t15.7x46.3x3.6x
Thu, 01 May 2025Rp2037.5tRp624.8tRp49.4t16.6x41.3x3.3x
Sat, 29 Mar 2025Rp1795.4tRp633.2tRp43.5t13.5x41.3x2.8x
Mon, 24 Feb 2025Rp2124.9tRp639.5tRp47.6t14.4x44.7x3.3x
Wed, 22 Jan 2025Rp2141.9tRp641.7tRp47.8t14.8x44.8x3.3x
Fri, 20 Dec 2024Rp2250.6tRp637.8tRp47.9t14.2x46.9x3.5x
Sun, 17 Nov 2024Rp2236.4tRp622.4tRp43.4t14.1x51.5x3.6x
Tue, 15 Oct 2024Rp2405.7tRp612.0tRp48.6t14.5x49.5x3.9x
Thu, 12 Sep 2024Rp2476.1tRp600.5tRp46.9t14x52.8x4.1x
Sat, 10 Aug 2024Rp2442.8tRp601.9tRp47.8t14x51.1x4.1x
Mon, 08 Jul 2024Rp2494.5tRp595.6tRp38.8t13.3x64.3x4.2x
Wed, 05 Jun 2024Rp2532.7tRp609.9tRp40.7t13.3x62.3x4.2x
Fri, 03 May 2024Rp2227.8tRp607.7tRp41.1t14.2x54.2x3.7x
Sun, 31 Mar 2024Rp1993.7tRp607.4tRp46.0t12.8x43.3x3.3x
Tue, 27 Feb 2024Rp1820.9tRp590.2tRp45.6t13.4x39.9x3.1x
Thu, 25 Jan 2024Rp1885.8tRp593.3tRp45.5t13.5x41.5x3.2x
Sat, 23 Dec 2023Rp1858.8tRp586.0tRp45.2t12.9x41.1x3.2x
Mon, 20 Nov 2023Rp1676.0tRp575.1tRp43.1t15.3x38.9x2.9x
Wed, 18 Oct 2023Rp1624.6tRp597.5tRp52.3t15.4x31.1x2.7x
Fri, 15 Sep 2023Rp1575.4tRp597.5tRp60.3t16.8x26.1x2.6x
Sun, 13 Aug 2023Rp1281.2tRp599.0tRp61.5t15.6x20.8x2.1x
Tue, 11 Jul 2023Rp1167.8tRp607.7tRp64.9t15x18x1.9x
Thu, 08 Jun 2023Rp1014.0tRp560.2tRp50.4t14.3x20.1x1.8x
Sat, 06 May 2023Rp1124.0tRp558.9tRp54.5t12.8x20.6x2x
Mon, 03 Apr 2023Rp980.9tRp555.6tRp49.5t13.1x19.8x1.8x
Wed, 01 Mar 2023Rp1009.3tRp558.9tRp50.7t12.8x19.9x1.8x
Price to Earnings Ratio

19.9x


Total Market Cap: Rp1009.3tTotal Earnings: Rp50.7tTotal Revenue: Rp558.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Materials Sector Price to Earnings3Y Average 39.3x202420252026
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 34.3x which is lower than its 3-year average PE of 39.3x.
  • The 3-year average PS ratio of 3.2x 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 Market0.43%
Materials1.24%
Metals and Mining4.35%
Packaging1.79%
Basic Materials-0.24%
Paper and Forestry Products-0.28%
Chemicals-3.38%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 36.9x.
    • Analysts are expecting annual earnings growth of 71.9%, 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 72% 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
AMMN Amman Mineral InternasionalRp7.90k4.6%
+Rp25.3t		8.6%PS47.4x
MBMA Merdeka Battery MaterialsRp855.0017.9%
+Rp14.0t		126.2%PE184.6x
MDKA Merdeka Copper GoldRp3.59k11.5%
+Rp9.0t		96.7%PS2.8x
EMAS Merdeka Gold ResourcesRp7.90k8.2%
+Rp8.8t		n/aPS60759.5x
ADMR Alamtri Minerals IndonesiaRp2.07k11.0%
+Rp8.4t		149.4%PE16.3x

Latest News

INCO
Rp6,900.00
Vale Indonesia
7D
-1.1%
1Y
126.2%

INCO: Rich Multiple And Slight Assumption Tweaks Will Likely Limit Upside

Analysts have nudged their price target for Vale Indonesia slightly higher to IDR3,501.68 from IDR3,490.24, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E multiples. Valuation Changes Fair Value: Updated from IDR3,490.24 to IDR3,501.68, reflecting a small upward adjustment in the model output.
AGII
Rp3,120.00
Samator Indo Gas
7D
44.4%
1Y
135.5%
MDKA
Rp3,590.00
Merdeka Copper Gold
7D
11.5%
1Y
96.7%
TINS
Rp3,920.00
TIMAH
7D
-3.2%
1Y
280.6%
SINI
Rp14,500.00
Singaraja Putra
7D
-11.7%
1Y
339.4%
UNIC
Rp11,175.00
Unggul Indah Cahaya
7D
-12.9%
1Y
43.7%
TPIA
Rp6,725.00
Chandra Asri Pacific
7D
-4.9%
1Y
-16.2%
ANTM
Rp4,220.00
Aneka Tambang
7D
4.2%
1Y
160.5%
BRPT
Rp2,020.00
Barito Pacific
7D
-6.0%
1Y
137.6%
IMPC
Rp2,390.00
Impack Pratama Industri
7D
5.3%
1Y
646.9%
AMMN
Rp7,900.00
Amman Mineral Internasional
7D
4.6%
1Y
8.6%
PTRO
Rp7,075.00
Petrosea
7D
-5.0%
1Y
94.4%
ADMR
Rp2,070.00
Alamtri Minerals Indonesia
7D
11.0%
1Y
149.4%
EMAS
Rp7,900.00
Merdeka Gold Resources
7D
8.2%
1Y
n/a
MBMA
Rp855.00
Merdeka Battery Materials
7D
17.9%
1Y
126.2%
BRMS
Rp1,060.00
Bumi Resources Minerals
7D
-1.9%
1Y
154.8%