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Indonesian (IDX) Materials Sector Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies85
  • 7D1.0%
  • 3M-17.4%
  • 1Y31.2%
  • YTD-12.0%

Merdeka Gold Resources is up 9.1%, leading the way for the Materials industry, which has gained 4.8%. Meanwhile, Chandra Asri Pacific actually underperformed within the industry, shrinking 6.2% in the last week. In the last 12 months, the industry was up 35%. As for the next few years, earnings are forecast to decline by 3.8% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026Rp2441.9tRp814.2tRp89.8t17.8x27.2x3x
Thu, 19 Mar 2026Rp2104.3tRp755.4tRp81.0t17.5x26x2.8x
Sat, 14 Feb 2026Rp2708.0tRp751.0tRp79.9t21x33.9x3.6x
Mon, 12 Jan 2026Rp2891.8tRp750.9tRp79.8t21.8x36.2x3.9x
Wed, 10 Dec 2025Rp2614.6tRp752.0tRp74.8t21.2x35x3.5x
Fri, 07 Nov 2025Rp2592.2tRp752.7tRp75.4t19.8x34.4x3.4x
Sun, 05 Oct 2025Rp2610.4tRp699.7tRp69.2t16.5x37.7x3.7x
Tue, 02 Sep 2025Rp2284.9tRp703.7tRp70.4t15.5x32.5x3.2x
Thu, 31 Jul 2025Rp2657.6tRp633.6tRp48.9t16.7x54.3x4.2x
Sat, 28 Jun 2025Rp2443.6tRp630.8tRp49.1t15.2x49.8x3.9x
Mon, 26 May 2025Rp2372.1tRp630.9tRp48.8t15.6x48.6x3.8x
Wed, 23 Apr 2025Rp1943.4tRp655.7tRp49.8t14x39x3x
Fri, 21 Mar 2025Rp1836.8tRp642.0tRp46.2t13.4x39.7x2.9x
Sun, 16 Feb 2025Rp1984.5tRp639.1tRp47.8t14x41.5x3.1x
Tue, 14 Jan 2025Rp2218.8tRp640.1tRp47.6t14.6x46.6x3.5x
Thu, 12 Dec 2024Rp2448.2tRp630.6tRp48.5t15.2x50.4x3.9x
Sat, 09 Nov 2024Rp2263.5tRp618.4tRp43.2t15.5x52.4x3.7x
Mon, 07 Oct 2024Rp2377.3tRp609.4tRp49.7t13.8x47.8x3.9x
Wed, 04 Sep 2024Rp2476.7tRp602.6tRp47.2t14.2x52.5x4.1x
Fri, 02 Aug 2024Rp2525.7tRp610.4tRp46.8t13.4x53.9x4.1x
Sun, 30 Jun 2024Rp2436.7tRp613.6tRp41.1t13.6x59.4x4x
Tue, 28 May 2024Rp2463.8tRp603.0tRp40.8t13.4x60.4x4.1x
Thu, 25 Apr 2024Rp2147.8tRp612.4tRp42.4t13.1x50.6x3.5x
Sat, 23 Mar 2024Rp1977.1tRp597.9tRp48.2t13x41.1x3.3x
Mon, 19 Feb 2024Rp1829.6tRp590.3tRp45.2t13.6x40.4x3.1x
Wed, 17 Jan 2024Rp1717.6tRp590.2tRp45.3t14.3x37.9x2.9x
Fri, 15 Dec 2023Rp1790.5tRp586.0tRp45.2t13.1x39.6x3.1x
Sun, 12 Nov 2023Rp1607.0tRp581.0tRp43.5t15x36.9x2.8x
Tue, 10 Oct 2023Rp1634.8tRp597.0tRp52.2t15.3x31.3x2.7x
Thu, 07 Sep 2023Rp1524.3tRp596.3tRp60.2t16.9x25.3x2.6x
Sat, 05 Aug 2023Rp1266.0tRp599.2tRp63.8t15.7x19.9x2.1x
Mon, 03 Jul 2023Rp1019.1tRp562.8tRp49.5t14.8x20.6x1.8x
Wed, 31 May 2023Rp1007.8tRp560.1tRp51.6t14.8x19.5x1.8x
Fri, 28 Apr 2023Rp1134.3tRp553.7tRp54.7t13.3x20.7x2x
Price to Earnings Ratio

20.7x


Total Market Cap: Rp1134.3tTotal Earnings: Rp54.7tTotal Revenue: Rp553.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Materials Sector Price to Earnings3Y Average 39.8x202420252026
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 27.4x which is lower than its 3-year average PE of 39.7x.
  • The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market1.38%
Materials0.99%
Metals and Mining4.46%
Basic Materials3.00%
Packaging2.02%
Paper and Forestry Products-0.35%
Chemicals-3.74%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry even though it's trading below its 3-year average PE ratio of 38.3x.
    • Analysts are expecting annual earnings growth of 50.7%, which is higher than its past year's earnings growth of 30.7% per year.
  • Investors are most pessimistic about the Paper and Forestry Products industry, which is trading close to its 3-year average of 6.1x.
Forecasted Growth
  • Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings growth rate of 31% per year.
  • In contrast, the Chemicals industry is expected to see its earnings decline by 96% 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 ResourcesRp8.70k9.1%
+Rp10.7t		n/aPS56604.7x
AMMN Amman Mineral InternasionalRp5.55k2.3%
+Rp9.1t		-16.5%PE94.1x
INCO Vale IndonesiaRp6.80k10.6%
+Rp6.9t		184.5%PE54.9x
NCKL Trimegah Bangun PersadaRp1.21k9.5%
+Rp6.6t		88.3%PE9.5x
ANTM Aneka TambangRp4.01k6.9%
+Rp6.2t		91.9%PE13.4x

Latest News

INCO
Rp6,800.00
Vale Indonesia
7D
10.6%
1Y
184.5%

INCO: Higher Discount Rate And Firmer Margins Will Shape Fairly Valued Outlook

Analysts have modestly raised their price target for Vale Indonesia to IDR 7,332 from IDR 7,137, citing updated assumptions that include a slightly higher discount rate, a lower revenue growth outlook, firmer profit margin expectations, and a higher future P/E multiple. Valuation Changes Fair Value: updated to IDR 7,331.85 from IDR 7,136.70, reflecting a modest upward adjustment in the intrinsic estimate.
ASPR
Rp236.00
Asia Pramulia
7D
-10.6%
1Y
n/a
BRPT
Rp2,140.00
Barito Pacific
7D
-2.3%
1Y
179.7%
IFSH
Rp2,780.00
Ifishdeco
7D
-5.1%
1Y
302.9%
ADMR
Rp1,905.00
Alamtri Minerals Indonesia
7D
3.5%
1Y
111.7%
TPIA
Rp6,075.00
Chandra Asri Pacific
7D
-6.2%
1Y
-20.6%
AMMN
Rp5,550.00
Amman Mineral Internasional
7D
2.3%
1Y
-16.5%
ANTM
Rp4,010.00
Aneka Tambang
7D
6.9%
1Y
91.9%
ALKA
Rp680.00
Alakasa Industrindo
7D
-5.6%
1Y
137.8%
BRMS
Rp905.00
Bumi Resources Minerals
7D
4.0%
1Y
138.2%
TRST
Rp474.00
Trias Sentosa
7D
-2.1%
1Y
-1.3%
EMAS
Rp8,700.00
Merdeka Gold Resources
7D
9.1%
1Y
n/a
MDKA
Rp3,350.00
Merdeka Copper Gold
7D
6.3%
1Y
97.6%
TKIM
Rp8,950.00
Pabrik Kertas Tjiwi Kimia
7D
-7.3%
1Y
85.7%
NCKL
Rp1,205.00
Trimegah Bangun Persada
7D
9.5%
1Y
88.3%
KDSI
Rp440.00
Kedawung Setia Industrial
7D
-4.8%
1Y
7.3%