Narrative Update • Aug 06
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Indonesian (IDX) Materials Sector Analysis
UpdatedSep 01, 2026
DataAggregated Company Financials
Companies84
- 7D-0.2%
- 3M8.8%
- 1Y-30.5%
- YTD-37.3%
Last week, the Materials industry hasn't moved much but Merdeka Gold Resources is up 10% in that time. As for the longer term, the industry has declined 30% in the last year. Looking forward, earnings are forecast to grow by 33% annually.
Sector Valuation and Performance
Has the Indonesian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 01 Sep 2026 | Rp1777.2t | Rp974.2t | Rp100.7t | 11.9x | 17.7x | 1.8x |
| Thu, 30 Jul 2026 | Rp1591.1t | Rp943.7t | Rp118.4t | 12.4x | 13.4x | 1.7x |
| Sat, 27 Jun 2026 | Rp1432.5t | Rp932.7t | Rp113.3t | 12.7x | 12.6x | 1.5x |
| Mon, 25 May 2026 | Rp1554.1t | Rp925.2t | Rp105.9t | 14.1x | 14.7x | 1.7x |
| Wed, 22 Apr 2026 | Rp2495.4t | Rp813.8t | Rp89.8t | 17.8x | 27.8x | 3.1x |
| Fri, 20 Mar 2026 | Rp2104.3t | Rp756.4t | Rp77.4t | 17.4x | 27.2x | 2.8x |
| Sun, 15 Feb 2026 | Rp2708.0t | Rp751.0t | Rp79.9t | 21x | 33.9x | 3.6x |
| Tue, 13 Jan 2026 | Rp2855.0t | Rp751.8t | Rp79.9t | 21.4x | 35.7x | 3.8x |
| Thu, 11 Dec 2025 | Rp2633.7t | Rp752.4t | Rp74.8t | 21.2x | 35.2x | 3.5x |
| Sat, 08 Nov 2025 | Rp2597.8t | Rp752.4t | Rp75.4t | 20.2x | 34.5x | 3.5x |
| Mon, 06 Oct 2025 | Rp2610.4t | Rp699.7t | Rp69.2t | 16.5x | 37.7x | 3.7x |
| Wed, 03 Sep 2025 | Rp2327.7t | Rp703.7t | Rp70.3t | 15.8x | 33.1x | 3.3x |
| Fri, 01 Aug 2025 | Rp2653.0t | Rp635.8t | Rp49.1t | 16.6x | 54.1x | 4.2x |
| Sun, 29 Jun 2025 | Rp2443.6t | Rp630.8t | Rp49.1t | 15.2x | 49.8x | 3.9x |
| Tue, 27 May 2025 | Rp2301.9t | Rp631.3t | Rp48.8t | 15.6x | 47.2x | 3.6x |
| Thu, 24 Apr 2025 | Rp2038.8t | Rp656.0t | Rp49.8t | 13.9x | 40.9x | 3.1x |
| Sat, 22 Mar 2025 | Rp1803.2t | Rp630.8t | Rp41.8t | 13.1x | 43.1x | 2.9x |
| Mon, 17 Feb 2025 | Rp1984.5t | Rp639.1t | Rp47.8t | 14x | 41.5x | 3.1x |
| Wed, 15 Jan 2025 | Rp2185.1t | Rp639.8t | Rp47.6t | 15x | 45.9x | 3.4x |
| Fri, 13 Dec 2024 | Rp2453.4t | Rp630.9t | Rp48.6t | 15.3x | 50.5x | 3.9x |
| Sun, 10 Nov 2024 | Rp2351.0t | Rp618.3t | Rp43.1t | 15.5x | 54.5x | 3.8x |
| Tue, 08 Oct 2024 | Rp2430.3t | Rp613.8t | Rp50.1t | 13.8x | 48.5x | 4x |
| Thu, 05 Sep 2024 | Rp2476.6t | Rp601.8t | Rp47.0t | 13.9x | 52.7x | 4.1x |
| Sat, 03 Aug 2024 | Rp2554.1t | Rp606.4t | Rp47.3t | 13.3x | 54x | 4.2x |
| Mon, 01 Jul 2024 | Rp2436.7t | Rp613.6t | Rp41.1t | 13.6x | 59.4x | 4x |
| Wed, 29 May 2024 | Rp2635.9t | Rp603.2t | Rp40.8t | 13.2x | 64.6x | 4.4x |
| Fri, 26 Apr 2024 | Rp2162.9t | Rp612.3t | Rp42.6t | 13.1x | 50.8x | 3.5x |
| Sun, 24 Mar 2024 | Rp1976.7t | Rp596.7t | Rp48.1t | 13x | 41.1x | 3.3x |
| Tue, 20 Feb 2024 | Rp1816.0t | Rp590.4t | Rp45.2t | 13.5x | 40.1x | 3.1x |
| Thu, 18 Jan 2024 | Rp1685.5t | Rp591.8t | Rp45.4t | 14.4x | 37.1x | 2.8x |
| Sat, 16 Dec 2023 | Rp1804.0t | Rp588.2t | Rp45.4t | 13.1x | 39.7x | 3.1x |
| Mon, 13 Nov 2023 | Rp1607.0t | Rp581.0t | Rp43.5t | 15x | 36.9x | 2.8x |
| Wed, 11 Oct 2023 | Rp1644.7t | Rp598.0t | Rp52.3t | 15.4x | 31.5x | 2.8x |
| Fri, 08 Sep 2023 | Rp1524.4t | Rp596.9t | Rp60.3t | 16.8x | 25.3x | 2.6x |
Price to Earnings Ratio
25.3x
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 17.7x which is lower than its 3-year average PE of 39.3x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 18% 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 | 0.15% | |
| Materials | -0.17% | |
| Packaging | 14.89% | |
| Paper and Forestry Products | 0.18% | |
| Metals and Mining | -0.11% | |
| Chemicals | -1.14% | |
| Basic Materials | -1.68% | |
Industry PE
- Investors are most optimistic about the Chemicals industry even though it's trading below its 3-year average PE ratio of 160x.
- Analysts expect its future annual earnings growth (21.9%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Paper and Forestry Products industry, which is trading below its 3-year average of 6.3x.
Forecasted Growth
- Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 39% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Paper and Forestry Products industry is expected to see its earnings grow by 8.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SINI Singaraja Putra | Rp12.50k | 42.9% +Rp4.5t | 242.5% | PE24.2x | |
| PACK Abadi Nusantara Hijau Investama | Rp560.00 | 32.1% +Rp4.4t | -76.7% | PE82.6x | |
| IMPC Impack Pratama Industri | Rp1.43k | 5.2% +Rp3.8t | 8.8% | PE101.1x | |
| PTRO Petrosea | Rp5.43k | 5.9% +Rp3.0t | 44.7% | PE105.4x | |
| SMGR Semen Indonesia (Persero) | Rp1.73k | 15.0% +Rp1.5t | -36.2% | PE30.7x |