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Indonesian (IDX) Materials Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies85
  • 7D2.3%
  • 3M-21.6%
  • 1Y27.3%
  • YTD-24.2%

Over the last 7 days, the Materials industry has dropped 1.6%, driven by pullbacks in Archi Indonesia and Chandra Asri Pacific of 5.3% and 0.5%, respectively. Meanwhile, Barito Pacific actually outperformed within the industry, gaining 8.4% in the last week. This takes the industry's 12 month performance to a gain of 20%. 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
Tue, 24 Mar 2026Rp2104.3tRp756.7tRp77.6t17.4x27.1x2.8x
Thu, 19 Feb 2026Rp2710.5tRp752.4tRp80.0t21x33.9x3.6x
Sat, 17 Jan 2026Rp2906.1tRp752.6tRp80.0t22.2x36.3x3.9x
Mon, 15 Dec 2025Rp2726.0tRp750.9tRp78.3t21.2x34.8x3.6x
Wed, 12 Nov 2025Rp2625.0tRp752.9tRp74.9t21.2x35x3.5x
Fri, 10 Oct 2025Rp2710.7tRp697.9tRp69.0t18.5x39.3x3.9x
Sun, 07 Sep 2025Rp2332.4tRp703.4tRp70.3t16.1x33.2x3.3x
Tue, 05 Aug 2025Rp2308.4tRp680.9tRp70.5t15.3x32.7x3.4x
Thu, 03 Jul 2025Rp2478.3tRp628.9tRp49.1t15.1x50.4x3.9x
Sat, 31 May 2025Rp2273.6tRp632.7tRp49.0t15.8x46.4x3.6x
Mon, 28 Apr 2025Rp2030.0tRp655.2tRp49.8t14.4x40.8x3.1x
Wed, 26 Mar 2025Rp1689.6tRp633.2tRp42.2t14.1x40x2.7x
Fri, 21 Feb 2025Rp2093.6tRp640.8tRp47.8t14.4x43.8x3.3x
Sun, 19 Jan 2025Rp2168.0tRp642.0tRp47.8t15x45.4x3.4x
Tue, 17 Dec 2024Rp2347.9tRp632.5tRp48.7t14.9x48.2x3.7x
Thu, 14 Nov 2024Rp2329.1tRp620.6tRp43.3t15.1x53.8x3.8x
Sat, 12 Oct 2024Rp2367.9tRp612.2tRp48.6t14.5x48.7x3.9x
Mon, 09 Sep 2024Rp2489.2tRp599.3tRp46.8t14x53.2x4.2x
Wed, 07 Aug 2024Rp2451.6tRp607.4tRp48.3t13.8x50.8x4x
Fri, 05 Jul 2024Rp2496.7tRp605.2tRp41.6t13.4x60x4.1x
Sun, 02 Jun 2024Rp2551.1tRp607.0tRp41.0t12.9x62.2x4.2x
Tue, 30 Apr 2024Rp2154.3tRp613.7tRp42.6t13.4x50.6x3.5x
Thu, 28 Mar 2024Rp1970.2tRp598.6tRp48.2t12.9x40.9x3.3x
Sat, 24 Feb 2024Rp1836.8tRp589.4tRp45.5t13.4x40.3x3.1x
Mon, 22 Jan 2024Rp1797.9tRp591.2tRp45.3t14.1x39.7x3x
Wed, 20 Dec 2023Rp1834.0tRp587.7tRp45.4t13.3x40.4x3.1x
Fri, 17 Nov 2023Rp1649.5tRp579.0tRp43.4t15.8x38x2.8x
Sun, 15 Oct 2023Rp1624.6tRp597.5tRp52.3t15.4x31.1x2.7x
Tue, 12 Sep 2023Rp1542.2tRp597.7tRp60.4t17.1x25.6x2.6x
Thu, 10 Aug 2023Rp1272.3tRp596.1tRp61.1t15.6x20.8x2.1x
Sat, 08 Jul 2023Rp1166.6tRp606.2tRp64.7t15x18x1.9x
Mon, 05 Jun 2023Rp996.1tRp560.8tRp50.5t14.1x19.7x1.8x
Wed, 03 May 2023Rp1147.0tRp556.1tRp54.1t13.2x21.2x2.1x
Fri, 31 Mar 2023Rp969.9tRp556.2tRp49.6t13x19.6x1.7x
Price to Earnings Ratio

19.6x


Total Market Cap: Rp969.9tTotal Earnings: Rp49.6tTotal Revenue: Rp556.2tTotal 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 27.1x which is lower than its 3-year average PE of 39.6x.
  • The 3-year average PS ratio of 3.3x 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 16% 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 Market1.08%
Materials2.33%
Paper and Forestry Products5.81%
Metals and Mining2.76%
Basic Materials2.39%
Chemicals1.28%
Packaging-0.16%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 37.9x.
    • Analysts are expecting annual earnings growth of 67.3%, 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 6.1x.
Forecasted Growth
  • Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 67% 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 InternasionalRp4.63k2.7%
+Rp8.7t		-9.2%PS27.6x
EMAS Merdeka Gold ResourcesRp9.50k4.7%
+Rp6.3t		n/aPS62415.5x
INKP Indah Kiat Pulp & PaperRp9.50k5.8%
+Rp2.9t		100.8%PE6.7x
INCO Vale IndonesiaRp5.58k4.2%
+Rp2.4t		165.5%PE45.5x
SINI Singaraja PutraRp11.50k4.8%
+Rp252.5b		391.5%PS13.7x

Latest News

INCO
Rp5,575.00
Vale Indonesia
7D
4.2%
1Y
165.5%

INCO: Lower Discount Rate And Stronger Margins Will Support 2025 Upside

Analysts have lifted their price target on Vale Indonesia to IDR 7,136 from IDR 6,467, citing updated assumptions for slightly higher revenue, profit margins and a modestly higher forward P/E multiple, alongside a small adjustment to the discount rate. Valuation Changes Fair Value: IDR 7,136, up from IDR 6,467, reflecting the latest model output.
INKP
Rp9,500.00
Indah Kiat Pulp & Paper
7D
5.8%
1Y
100.8%
TPIA
Rp5,125.00
Chandra Asri Pacific
7D
-0.5%
1Y
-27.6%
AKPI
Rp500.00
Argha Karya Prima Industry
7D
0.8%
1Y
-16.7%
SINI
Rp11,500.00
Singaraja Putra
7D
4.8%
1Y
391.5%
AMMN
Rp4,630.00
Amman Mineral Internasional
7D
2.7%
1Y
-9.2%
EMAS
Rp9,500.00
Merdeka Gold Resources
7D
4.7%
1Y
n/a
YPAS
Rp630.00
Yanaprima Hastapersada
7D
-2.3%
1Y
99.4%