Merdeka Gold Resources (8ZS) Stock Overview

Operates as a gold mining companyin Indonesia and Hong Kong. More details

8ZS fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	6/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Rewards

Earnings are forecast to grow 46.9% per year

Risk Analysis

Shares are highly illiquid

Makes less than USD$1m in revenue ($132K)

Has less than 1 year of cash runway

8ZS Community Fair Values

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PT Merdeka Gold Resources Tbk Competitors

Price History & Performance

Summary of share price highs, lows and changes for Merdeka Gold Resources
Historical stock prices
Current Share Price	Rp0.32
52 Week High	Rp0.33
52 Week Low	Rp0.32
Beta	0
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-3.05%

Recent updates

Shareholder Returns

	8ZS	DE Metals and Mining	DE Market
7D	n/a	-7.1%	-1.5%
1Y	n/a	65.2%	1.9%

Return vs Industry: Insufficient data to determine how 8ZS performed against the German Metals and Mining industry.

Return vs Market: Insufficient data to determine how 8ZS performed against the German Market.

Price Volatility

Is 8ZS's price volatile compared to industry and market?
8ZS volatility
8ZS Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	10.1%
Market Average Movement	5.8%
10% most volatile stocks in DE Market	13.2%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: 8ZS's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine 8ZS's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2015	448	Boyke Abidin	merdekagoldresources.com

PT Merdeka Gold Resources Tbk operates as a gold mining companyin Indonesia and Hong Kong. It explores for gold and silver. The company's flagship project is the 100% owned the Pani Gold Mine covers a tenement area of 135 hectares located in Mount Pani, Village Hulawa, Pohuwato Regency, Gorontalo Province, Sulawesi Island.

PT Merdeka Gold Resources Tbk Fundamentals Summary

How do Merdeka Gold Resources's earnings and revenue compare to its market cap?
8ZS fundamental statistics
Market cap	€4.93b
Earnings (TTM)	-€24.21m
Revenue (TTM)	€116.19k

Over9,999x

P/S Ratio

-203.7x

P/E Ratio

Is 8ZS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
8ZS income statement (TTM)
Revenue	US$131.96k
Cost of Revenue	US$277.96k
Gross Profit	-US$145.99k
Other Expenses	US$27.35m
Earnings	-US$27.49m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0019
Gross Margin	-110.63%
Net Profit Margin	-20,833.19%
Debt/Equity Ratio	68.4%

How did 8ZS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/24 22:29
End of Day Share Price	2026/06/24 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Merdeka Gold Resources Tbk is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ari Jahja	Macquarie Research
Dony Setiady	Macquarie Research
Ahmad Usman	Nomura Securities Co. Ltd.

PT Merdeka Gold Resources TbkDB:8ZS Stock Report