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Indonesian (IDX) Metals and Mining Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies31
  • 7D-3.2%
  • 3M7.0%
  • 1Y17.7%
  • YTD22.0%

Over the last 7 days, the Metals and Mining industry has dropped 3.2%, driven by a pullback from Amman Mineral Internasional of 5.9%. In contrast, Trimegah Bangun Persada has gained 8.8%. In the past year, the industry has gained 18%. Earnings are forecast to grow by 71% annually.

Industry Valuation and Performance

Has the Indonesian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Dec 2025Rp1311.4tRp316.9tRp25.8t21.7x50.8x4.1x
Tue, 18 Nov 2025Rp1232.4tRp321.5tRp24.9t18.7x49.5x3.8x
Thu, 16 Oct 2025Rp1333.0tRp333.6tRp24.4t21.1x54.6x4x
Sat, 13 Sep 2025Rp1132.8tRp340.1tRp26.1t22.1x43.4x3.3x
Mon, 11 Aug 2025Rp1160.8tRp316.4tRp25.1t20.1x46.3x3.7x
Wed, 09 Jul 2025Rp1066.9tRp328.4tRp30.6t19.8x34.9x3.2x
Fri, 06 Jun 2025Rp1060.3tRp330.8tRp30.5t23.4x34.7x3.2x
Sun, 04 May 2025Rp897.0tRp330.3tRp28.2t22.7x31.8x2.7x
Tue, 01 Apr 2025Rp729.9tRp312.6tRp28.3t14.3x25.8x2.3x
Thu, 27 Feb 2025Rp839.8tRp325.4tRp33.3t17.3x25.2x2.6x
Sat, 25 Jan 2025Rp1007.8tRp323.5tRp32.9t15.2x30.6x3.1x
Mon, 23 Dec 2024Rp1046.1tRp324.1tRp33.1t14.3x31.6x3.2x
Wed, 20 Nov 2024Rp1128.8tRp314.8tRp29.1t18.3x38.7x3.6x
Fri, 18 Oct 2024Rp1153.5tRp301.1tRp29.7t26.9x38.8x3.8x
Sun, 15 Sep 2024Rp1141.1tRp291.8tRp28.1t17.9x40.7x3.9x
Tue, 13 Aug 2024Rp1153.5tRp296.6tRp28.0t18x41.3x3.9x
Thu, 11 Jul 2024Rp1231.6tRp279.4tRp19.9t19.6x62x4.4x
Sat, 08 Jun 2024Rp1277.0tRp288.1tRp22.5t10.6x56.7x4.4x
Mon, 06 May 2024Rp1100.0tRp279.0tRp22.7t17.4x48.4x3.9x
Wed, 03 Apr 2024Rp1021.4tRp277.3tRp24.0t11.3x42.6x3.7x
Fri, 01 Mar 2024Rp1008.8tRp266.9tRp24.4t11.8x41.3x3.8x
Sun, 28 Jan 2024Rp935.2tRp268.1tRp24.2t11.3x38.6x3.5x
Tue, 26 Dec 2023Rp884.6tRp263.0tRp24.2t11.5x36.6x3.4x
Thu, 23 Nov 2023Rp907.4tRp252.3tRp22.2t11.8x40.9x3.6x
Sat, 21 Oct 2023Rp902.1tRp262.7tRp25.9t14.1x34.8x3.4x
Mon, 18 Sep 2023Rp895.4tRp265.0tRp34.2t14.6x26.2x3.4x
Wed, 16 Aug 2023Rp680.0tRp266.6tRp35.3t13.8x19.3x2.6x
Fri, 14 Jul 2023Rp591.5tRp264.8tRp36.2t13x16.4x2.2x
Sun, 11 Jun 2023Rp443.3tRp221.6tRp23.0t11.9x19.2x2x
Tue, 09 May 2023Rp504.6tRp217.0tRp24.6t12.7x20.5x2.3x
Thu, 06 Apr 2023Rp360.7tRp201.2tRp19.5t13.4x18.5x1.8x
Sat, 04 Mar 2023Rp368.7tRp206.7tRp21.6t12.2x17.1x1.8x
Mon, 30 Jan 2023Rp404.4tRp200.2tRp20.8t13.9x19.5x2x
Wed, 28 Dec 2022Rp374.6tRp205.5tRp21.5t13x17.4x1.8x
Price to Earnings Ratio

17.4x


Total Market Cap: Rp374.6tTotal Earnings: Rp21.5tTotal Revenue: Rp205.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Metals and Mining Industry Price to Earnings3Y Average 34.6x202320242025
Current Industry PE
  • Investors are optimistic on the Indonesian Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 50.8x which is higher than its 3-year average PE of 34.6x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 6.4% per year over the last three years.
  • Revenues for these companies have grown 16% 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 industry?

ID Market-0.94%
Materials-2.00%
Metals and Mining-3.17%
Aluminum2.34%
Gold0.26%
Steel-2.02%
Diversified Metals and Mining-2.34%
Copper-5.95%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 31.2x.
    • Analysts are expecting annual earnings growth of 52.3%, which is lower than the prior year's growth of 71.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 111% over the next 5 years.
  • In contrast, the Steel industry is expected to see its earnings grow by 18% 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
NCKL Trimegah Bangun PersadaRp1.05k8.8%
+Rp5.4t		40.0%PE8.3x
EMAS Merdeka Gold ResourcesRp5.25k6.7%
+Rp4.9t		n/aPS40754.7x
INCO Vale IndonesiaRp4.11k7.0%
+Rp2.8t		16.1%PE43.8x
GGRP Gunung Raja PaksiRp300.0016.3%
+Rp508.7b		7.1%PS1x
ANTM Aneka TambangRp3.07k0.7%
+Rp480.6b		116.2%PE9.9x

Latest News

MDKA
Rp2,190.00
Merdeka Copper Gold
7D
-2.7%
1Y
37.3%
DEWA
Rp545.00
Darma Henwa
7D
-9.9%
1Y
404.6%
INCO
Rp4,110.00
Vale Indonesia
7D
7.0%
1Y
16.1%

INCO: Higher Margins Are Expected To Drive Stronger Prospects Ahead

Analysts have raised their price target for Vale Indonesia from IDR 5,244 to IDR 5,892, citing expectations of stronger revenue growth, higher profit margins, and a more attractive forward P/E multiple, despite a slightly higher assumed discount rate. What's in the News Vale Indonesia plans to conduct its Year End Analyst Gathering 2025, signaling continued engagement with investors and analysts on strategic and financial outlooks (Key Developments).
BRMS
Rp1,130.00
Bumi Resources Minerals
7D
-8.1%
1Y
221.0%
ARCI
Rp1,585.00
Archi Indonesia
7D
-7.6%
1Y
549.6%
EMAS
Rp5,250.00
Merdeka Gold Resources
7D
6.7%
1Y
n/a
ANTM
Rp3,070.00
Aneka Tambang
7D
0.7%
1Y
116.2%
GGRP
Rp300.00
Gunung Raja Paksi
7D
16.3%
1Y
7.1%
CITA
Rp4,290.00
Cita Mineral Investindo
7D
2.4%
1Y
20.8%
AMMN
Rp6,325.00
Amman Mineral Internasional
7D
-5.9%
1Y
-29.7%
HILL
Rp157.00
Hillcon
7D
5.4%
1Y
-66.3%
NCKL
Rp1,050.00
Trimegah Bangun Persada
7D
8.8%
1Y
40.0%
ADMR
Rp1,360.00
Alamtri Minerals Indonesia
7D
-2.9%
1Y
18.3%
NICL
Rp1,115.00
PAM Mineral
7D
2.3%
1Y
360.7%
PSAB
Rp545.00
J Resources Asia Pasifik
7D
-9.9%
1Y
129.0%
PTRO
Rp10,775.00
Petrosea
7D
-1.6%
1Y
291.8%