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Indonesian (IDX) Materials Sector Analysis

UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies86
  • 7D1.7%
  • 3M5.0%
  • 1Y45.9%
  • YTD-0.8%

Over the last 7 days, the Materials industry has risen 1.7%, and Merdeka Copper Gold contributed the most with a gain of 16%. This means that the industry has gained 46% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Feb 2026Rp2754.4tRp750.8tRp79.8t20.5x34.5x3.7x
Fri, 23 Jan 2026Rp2901.7tRp751.7tRp79.9t22.1x36.3x3.9x
Sun, 21 Dec 2025Rp2671.6tRp748.3tRp79.5t21.8x33.6x3.6x
Tue, 18 Nov 2025Rp2549.4tRp753.6tRp75.0t20.4x34x3.4x
Thu, 16 Oct 2025Rp2650.4tRp699.3tRp69.1t16.6x38.4x3.8x
Sat, 13 Sep 2025Rp2295.4tRp703.2tRp70.3t16.1x32.7x3.3x
Mon, 11 Aug 2025Rp2390.5tRp677.5tRp69.0t15.2x34.7x3.5x
Wed, 09 Jul 2025Rp2508.0tRp629.4tRp49.2t15.1x51x4x
Fri, 06 Jun 2025Rp2421.2tRp632.6tRp49.0t15.6x49.4x3.8x
Sun, 04 May 2025Rp2106.4tRp635.1tRp47.5t16.1x44.3x3.3x
Tue, 01 Apr 2025Rp1795.4tRp632.3tRp48.0t13.1x37.4x2.8x
Thu, 27 Feb 2025Rp2002.6tRp640.9tRp47.6t14.7x42x3.1x
Sat, 25 Jan 2025Rp2150.2tRp637.7tRp47.5t15.1x45.3x3.4x
Mon, 23 Dec 2024Rp2256.6tRp634.6tRp47.4t14x47.6x3.6x
Wed, 20 Nov 2024Rp2268.3tRp621.9tRp43.4t14.9x52.3x3.6x
Fri, 18 Oct 2024Rp2521.3tRp610.2tRp48.5t16x52x4.1x
Sun, 15 Sep 2024Rp2454.4tRp600.1tRp46.9t14.3x52.4x4.1x
Tue, 13 Aug 2024Rp2484.2tRp602.7tRp47.9t14.2x51.9x4.1x
Thu, 11 Jul 2024Rp2499.7tRp594.7tRp38.7t13.8x64.5x4.2x
Sat, 08 Jun 2024Rp2476.5tRp613.7tRp41.1t14.3x60.3x4x
Mon, 06 May 2024Rp2215.3tRp603.4tRp41.2t14x53.7x3.7x
Wed, 03 Apr 2024Rp2055.5tRp606.7tRp45.8t12.8x44.9x3.4x
Fri, 01 Mar 2024Rp1871.6tRp592.3tRp45.9t13.8x40.8x3.2x
Sun, 28 Jan 2024Rp1863.7tRp595.6tRp45.7t13.1x40.8x3.1x
Tue, 26 Dec 2023Rp1883.0tRp586.8tRp45.3t12.9x41.6x3.2x
Thu, 23 Nov 2023Rp1604.1tRp578.7tRp43.3t14.7x37x2.8x
Sat, 21 Oct 2023Rp1595.6tRp599.0tRp52.1t16.5x30.6x2.7x
Mon, 18 Sep 2023Rp1634.3tRp597.5tRp60.3t17x27.1x2.7x
Wed, 16 Aug 2023Rp1301.8tRp599.4tRp61.6t15.5x21.1x2.2x
Fri, 14 Jul 2023Rp1174.1tRp601.9tRp64.1t14.7x18.3x2x
Sun, 11 Jun 2023Rp1008.2tRp563.3tRp50.5t14.6x20x1.8x
Tue, 09 May 2023Rp1102.3tRp557.1tRp53.9t13.1x20.4x2x
Thu, 06 Apr 2023Rp967.5tRp554.0tRp49.4t13.2x19.6x1.7x
Sat, 04 Mar 2023Rp989.1tRp560.3tRp50.9t12.4x19.4x1.8x
Price to Earnings Ratio

19.4x


Total Market Cap: Rp989.1tTotal Earnings: Rp50.9tTotal Revenue: Rp560.3tTotal 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 34.5x 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 3.7x.
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 Market0.24%
Materials1.71%
Paper and Forestry Products4.48%
Metals and Mining2.71%
Packaging0.92%
Chemicals0.07%
Basic Materials-0.082%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 37.0x.
    • Analysts are expecting annual earnings growth of 71.4%, 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 close to its 3-year average of 6.0x.
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
MDKA Merdeka Copper GoldRp3.82k16.1%
+Rp12.9t		139.5%PS3x
INKP Indah Kiat Pulp & PaperRp12.00k21.5%
+Rp11.6t		115.2%PE7.5x
ANTM Aneka TambangRp4.46k10.1%
+Rp9.9t		173.6%PE14.4x
EMAS Merdeka Gold ResourcesRp8.33k8.1%
+Rp9.2t		n/aPS64306.2x
ADMR Alamtri Minerals IndonesiaRp2.15k9.4%
+Rp7.6t		170.4%PE17x

Latest News

TKIM
Rp9,150.00
Pabrik Kertas Tjiwi Kimia
7D
27.1%
1Y
82.1%
INKP
Rp12,000.00
Indah Kiat Pulp & Paper
7D
21.5%
1Y
115.2%
DEWA
Rp555.00
Darma Henwa
7D
-11.9%
1Y
296.4%
INCO
Rp7,350.00
Vale Indonesia
7D
7.3%
1Y
155.2%

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.
MDKA
Rp3,820.00
Merdeka Copper Gold
7D
16.1%
1Y
139.5%
SINI
Rp13,900.00
Singaraja Putra
7D
-12.6%
1Y
376.0%
UNIC
Rp11,250.00
Unggul Indah Cahaya
7D
-15.4%
1Y
54.1%
ANTM
Rp4,460.00
Aneka Tambang
7D
10.1%
1Y
173.6%
BRPT
Rp2,020.00
Barito Pacific
7D
-6.0%
1Y
144.8%
IMPC
Rp2,220.00
Impack Pratama Industri
7D
-7.5%
1Y
593.8%
AMMN
Rp7,300.00
Amman Mineral Internasional
7D
-3.0%
1Y
11.9%
PTRO
Rp6,775.00
Petrosea
7D
-10.6%
1Y
104.1%
ADMR
Rp2,150.00
Alamtri Minerals Indonesia
7D
9.4%
1Y
170.4%
EMAS
Rp8,325.00
Merdeka Gold Resources
7D
8.1%
1Y
n/a
MBMA
Rp845.00
Merdeka Battery Materials
7D
7.6%
1Y
138.7%
BRMS
Rp980.00
Bumi Resources Minerals
7D
-5.8%
1Y
156.5%