Narrative Update • Sep 04
Have your own idea? Try our Stock Screener
- 7D-2.1%
- 3M12.2%
- 1Y-10.9%
- YTD-19.9%
Over the last 7 days, the Metals and Mining industry has dropped 2.1%, driven by a pullback from Merdeka Gold Resources of 13%. Meanwhile, Bumi Resources Minerals actually outperformed within the industry, gaining 6.7% in the last week. However, the industry is down 11% over the past year. As for the next few years, earnings are expected to grow by 38% per annum.
Industry Valuation and Performance
Has the Indonesian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 20 Sep 2026 | Rp1138.0t | Rp382.4t | Rp64.5t | 10.9x | 17.6x | 3x |
| Tue, 18 Aug 2026 | Rp1076.8t | Rp377.3t | Rp65.1t | 10x | 16.5x | 2.9x |
| Thu, 16 Jul 2026 | Rp953.5t | Rp369.5t | Rp61.7t | 11.7x | 15.5x | 2.6x |
| Sat, 13 Jun 2026 | Rp937.0t | Rp365.8t | Rp58.2t | 12x | 16.1x | 2.6x |
| Mon, 11 May 2026 | Rp1131.9t | Rp361.1t | Rp51.9t | 17.8x | 21.8x | 3.1x |
| Wed, 08 Apr 2026 | Rp1206.4t | Rp329.4t | Rp41.8t | 20.1x | 28.8x | 3.7x |
| Fri, 06 Mar 2026 | Rp1420.0t | Rp317.9t | Rp26.0t | 20.7x | 54.6x | 4.5x |
| Sun, 01 Feb 2026 | Rp1528.9t | Rp317.2t | Rp25.9t | 23.5x | 59.1x | 4.8x |
| Tue, 30 Dec 2025 | Rp1392.4t | Rp317.1t | Rp25.8t | 22.2x | 53.9x | 4.4x |
| Thu, 27 Nov 2025 | Rp1291.3t | Rp320.8t | Rp24.9t | 20.6x | 51.9x | 4x |
| Sat, 25 Oct 2025 | Rp1321.7t | Rp334.5t | Rp24.5t | 20.6x | 54x | 4x |
| Mon, 22 Sep 2025 | Rp1154.7t | Rp341.9t | Rp26.1t | 21.4x | 44.2x | 3.4x |
| Wed, 20 Aug 2025 | Rp1126.3t | Rp320.2t | Rp24.8t | 19.5x | 45.4x | 3.5x |
| Fri, 18 Jul 2025 | Rp1091.4t | Rp329.4t | Rp30.6t | 21.2x | 35.6x | 3.3x |
| Sun, 15 Jun 2025 | Rp1094.2t | Rp330.8t | Rp30.6t | 24.5x | 35.8x | 3.3x |
| Tue, 13 May 2025 | Rp941.2t | Rp330.7t | Rp29.0t | 20.4x | 32.5x | 2.8x |
| Thu, 10 Apr 2025 | Rp623.4t | Rp332.1t | Rp30.1t | 11.5x | 20.7x | 1.9x |
| Sat, 08 Mar 2025 | Rp848.7t | Rp320.4t | Rp30.9t | 16.1x | 27.5x | 2.6x |
| Mon, 03 Feb 2025 | Rp929.4t | Rp324.6t | Rp33.2t | 15.3x | 28x | 2.9x |
| Wed, 01 Jan 2025 | Rp1014.2t | Rp322.8t | Rp32.9t | 15.3x | 30.8x | 3.1x |
| Fri, 29 Nov 2024 | Rp1089.3t | Rp315.8t | Rp29.5t | 15.3x | 36.9x | 3.4x |
| Sun, 27 Oct 2024 | Rp1116.9t | Rp303.5t | Rp29.9t | 26.3x | 37.3x | 3.7x |
| Tue, 24 Sep 2024 | Rp1146.1t | Rp288.9t | Rp27.8t | 18.4x | 41.2x | 4x |
| Thu, 22 Aug 2024 | Rp1148.2t | Rp291.4t | Rp27.5t | 18.9x | 41.8x | 3.9x |
| Sat, 20 Jul 2024 | Rp1223.8t | Rp278.9t | Rp19.8t | 19.6x | 61.7x | 4.4x |
| Mon, 17 Jun 2024 | Rp1260.3t | Rp291.0t | Rp23.0t | 11.8x | 54.9x | 4.3x |
| Wed, 15 May 2024 | Rp1121.3t | Rp279.1t | Rp22.9t | 10.5x | 49x | 4x |
| Fri, 12 Apr 2024 | Rp1054.1t | Rp281.4t | Rp24.1t | 11.6x | 43.7x | 3.7x |
| Sun, 10 Mar 2024 | Rp996.2t | Rp266.7t | Rp26.6t | 10x | 37.4x | 3.7x |
| Tue, 06 Feb 2024 | Rp944.9t | Rp267.0t | Rp24.1t | 12.7x | 39.2x | 3.5x |
| Thu, 04 Jan 2024 | Rp878.8t | Rp263.0t | Rp24.2t | 11.5x | 36.4x | 3.3x |
| Sat, 02 Dec 2023 | Rp780.4t | Rp241.2t | Rp24.1t | 12.6x | 32.4x | 3.2x |
| Mon, 30 Oct 2023 | Rp900.1t | Rp263.1t | Rp26.0t | 14.1x | 34.7x | 3.4x |
| Wed, 27 Sep 2023 | Rp907.4t | Rp266.3t | Rp34.4t | 14.7x | 26.4x | 3.4x |
Price to Earnings Ratio
26.4x
Current Industry PE
- Investors are pessimistic on the Indonesian Metals and Mining 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 17.6x which is lower than its 3-year average PE of 38.0x.
- The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 13% 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 | -1.63% | |
| Materials | -2.30% | |
| Metals and Mining | -2.09% | |
| Aluminum | 7.79% | |
| Diversified Metals and Mining | 0.36% | |
| Steel | -0.96% | |
| Copper | -3.70% | |
| Gold | -5.21% | |
Industry PE
- Investors are most optimistic about the Copper industry even though it's trading below its 3-year average PE ratio of 278x.
- Analysts are expecting annual earnings growth of 25.4%, which is lower than the prior year's growth of 48.5% per year.
- Investors are most pessimistic about the Steel industry, which is trading below its 3-year average of 12.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 53% over the next 5 years.
- However this is lower than its past earnings growth rate of 132% per year.
- In contrast, the Steel industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| BRMS Bumi Resources Minerals | Rp720.00 | 6.7% +Rp6.4t | 10.8% | PE143.5x | |
| MBMA Merdeka Battery Materials | Rp545.00 | 4.8% +Rp2.7t | 16.0% | PE52.5x | |
| ANTM Antam (Persero) | Rp3.34k | 2.1% +Rp1.7t | -3.2% | PE9x | |
| ARCI Archi Indonesia | Rp1.38k | 4.9% +Rp1.6t | 55.9% | PE13.2x | |
| ALKA Alakasa Industrindo | Rp7.40k | 48.6% +Rp1.2t | 2,241.8% | PE190.8x |