Merdeka Battery Materials is forecast to grow earnings and revenue by 51% and 29.3% per annum respectively. EPS is expected to grow by 57% per annum. Return on equity is forecast to be 21.6% in 3 years.
Key information
51.0%
Earnings growth rate
57.02%
EPS growth rate
Metals and Mining earnings growth
38.1%
Revenue growth rate
29.3%
Future return on equity
21.60%
Analyst coverage
Good
Last updated
05 May 2026
Recent future growth updates
Recent updates
Earnings and Revenue Growth Forecasts
IDX:MBMA - Analysts future estimates and past financials data (USD Millions)
Date
Revenue
Earnings
Free Cash Flow
Cash from Op
Avg. No. Analysts
12/31/2028
4,184
501
N/A
N/A
1
12/31/2027
3,106
246
364
417
8
12/31/2026
2,899
204
127
205
2
12/31/2025
1,435
30
-156
37
N/A
9/30/2025
1,400
30
-188
15
N/A
6/30/2025
1,551
8
-87
90
N/A
3/31/2025
1,767
16
-172
29
N/A
12/31/2024
1,845
23
-164
78
N/A
9/30/2024
1,834
25
-213
93
N/A
6/30/2024
1,899
47
-268
66
N/A
3/31/2024
1,630
18
-329
50
N/A
12/31/2023
1,328
7
-385
-15
N/A
9/30/2023
1,040
-1
-498
-49
N/A
6/30/2023
678
-31
-461
-64
N/A
3/31/2023
534
-2
-415
34
N/A
12/31/2022
456
22
-419
109
N/A
11/30/2022
430
25
N/A
N/A
N/A
9/30/2022
289
23
-229
109
N/A
12/31/2021
N/A
0
0
0
N/A
12/31/2020
N/A
0
0
0
N/A
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MBMA's forecast earnings growth (51% per year) is above the savings rate (6.7%).
Earnings vs Market: MBMA's earnings (51% per year) are forecast to grow faster than the ID market (4.7% per year).
High Growth Earnings: MBMA's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MBMA's revenue (29.3% per year) is forecast to grow faster than the ID market (12.2% per year).
High Growth Revenue: MBMA's revenue (29.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MBMA's Return on Equity is forecast to be high in 3 years time (21.6%)
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/12 10:32
End of Day Share Price
2026/05/12 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.
* 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
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Industry and Sector Metrics
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Analyst Sources
PT Merdeka Battery Materials Tbk. is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.