How does MDKA's PS Ratio compare to its peers?

MDKA is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (12.1x).

How does MDKA's PS Ratio compare vs other companies in the ID Metals and Mining Industry?

MDKA is expensive based on its Price-To-Sales Ratio (1.5x) compared to the ID Metals and Mining industry average (1.4x).

What is MDKA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MDKA is good value based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (1.9x).

What is the Fair Price of MDKA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate MDKA's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Merdeka Copper Gold (IDX:MDKA) - Stock Price, News & Analysis

MDKA Stock Overview

Engages in the mining business in Indonesia. More details

MDKA fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

Rewards

Earnings are forecast to grow 96.73% per year

Became profitable this year

Analysts in good agreement that stock price will rise by 45.9%

Risk Analysis

Interest payments are not well covered by earnings

PT Merdeka Copper Gold Tbk Competitors

Bumi Resources Minerals

IDX:BRMS

Rp61.5t

Trimegah Bangun Persada

IDX:NCKL

Rp51.1t

Merdeka Battery Materials

IDX:MBMA

Rp54.0t

Vale Indonesia

IDX:INCO

Rp39.2t

Price History & Performance

Summary of all time highs, changes and price drops for Merdeka Copper Gold
Historical stock prices
Current Share Price	Rp2,150.00
52 Week High	Rp2,970.00
52 Week Low	Rp1,995.00
Beta	1.15
11 Month Change	-16.02%
3 Month Change	-6.11%
1 Year Change	2.38%
33 Year Change	-40.61%
5 Year Change	101.88%
Change since IPO	373.57%

Recent updates

Shareholder Returns

	MDKA	ID Metals and Mining	ID Market
7D	-4.0%	-0.6%	-2.3%
1Y	2.4%	19.5%	8.2%

Return vs Industry: MDKA underperformed the ID Metals and Mining industry which returned 19.5% over the past year.

Return vs Market: MDKA underperformed the ID Market which returned 8.2% over the past year.

Price Volatility

Is MDKA's price volatile compared to industry and market?
MDKA volatility
MDKA Average Weekly Movement	4.9%
Metals and Mining Industry Average Movement	7.5%
Market Average Movement	5.5%
10% most volatile stocks in ID Market	12.6%
10% least volatile stocks in ID Market	2.4%

Stable Share Price: MDKA has not had significant price volatility in the past 3 months compared to the ID market.

Volatility Over Time: MDKA's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2012	9,688	Jason Greive	www.merdekacoppergold.com

PT Merdeka Copper Gold Tbk engages in the mining business in Indonesia. It explores for gold, silver, copper, and other related minerals, as well as provides mining services. The company holds interests in the Tujuh Bukit Copper project; Pani Gold project; Tujuh Bukit Gold project; Merdeka Battery Materials project; and Wetar Copper project.

PT Merdeka Copper Gold Tbk Fundamentals Summary

How do Merdeka Copper Gold's earnings and revenue compare to its market cap?
MDKA fundamental statistics
Market cap	Rp52.48t
Earnings (TTM)	Rp254.73b
Revenue (TTM)	Rp36.18t

206.0x

P/E Ratio

1.5x

P/S Ratio

Is MDKA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MDKA income statement (TTM)
Revenue	US$2.28b
Cost of Revenue	US$2.09b
Gross Profit	US$188.24m
Other Expenses	US$172.18m
Earnings	US$16.06m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.00066
Gross Margin	8.25%
Net Profit Margin	0.70%
Debt/Equity Ratio	54.3%

How did MDKA perform over the long term?

See historical performance and comparison

MDKA Stock Overview

Rewards

Risk Analysis

PT Merdeka Copper Gold Tbk Competitors

IDX:BRMS

Rp61.5t

IDX:NCKL

Rp51.1t

IDX:MBMA

Rp54.0t

IDX:INCO

Rp39.2t

Price History & Performance

Recent News & Updates

New major risk - Financial position

Second quarter 2024 earnings released: EPS: US$0 (vs US$0.002 loss in 2Q 2023)

First quarter 2024 earnings released: US$0.001 loss per share (vs US$0 in 1Q 2023)

PT Merdeka Copper Gold Tbk, Annual General Meeting, Jun 12, 2024

Now 22% overvalued

Full year 2023 earnings released: US$0.001 loss per share (vs US$0.002 profit in FY 2022)

Recent updates

New major risk - Financial position

Second quarter 2024 earnings released: EPS: US$0 (vs US$0.002 loss in 2Q 2023)

First quarter 2024 earnings released: US$0.001 loss per share (vs US$0 in 1Q 2023)

PT Merdeka Copper Gold Tbk, Annual General Meeting, Jun 12, 2024

Now 22% overvalued

Full year 2023 earnings released: US$0.001 loss per share (vs US$0.002 profit in FY 2022)

New minor risk - Share price stability

Second quarter 2023 earnings released: US$0.002 loss per share (vs US$0.001 profit in 2Q 2022)

New major risk - Revenue and earnings growth

First quarter 2023 earnings released: EPS: US$0 (vs US$0.003 in 1Q 2022)

Consensus EPS estimates fall by 25%

Consensus revenue estimates increase by 20%

Full year 2022 earnings released: EPS: US$0.003 (vs US$0.002 in FY 2021)

Consensus forecasts updated

Consensus forecasts updated

Consensus forecasts updated

Third quarter 2022 earnings released: US$0.001 loss per share (vs US$0.001 profit in 3Q 2021)

Consensus forecasts updated

Consensus forecasts updated

Less than half of directors are independent

Second quarter 2022 earnings released: EPS: US$0.001 (vs US$0 in 2Q 2021)

Consensus revenue estimates increase by 15%

Investor sentiment improved over the past week

Less than half of directors are independent

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Andalan International Pte Ltd and PT Merdeka Copper Gold Tbk (IDX:MDKA) agreed to acquire an unknown minority stake in Pani IUP Project from Lion Manager Pty Ltd for $52 million.

Third quarter 2021 earnings: EPS and revenues miss analyst expectations

Price target increased to Rp3,410

Second quarter 2021 earnings released: EPS US$0.001 (vs US$0.001 in 2Q 2020)

Consensus forecasts updated

Investor sentiment improved over the past week

Price target increased to Rp3,054

New 90-day high: Rp2,830

New 90-day high: Rp2,800

Price target raised to Rp2,365

Third quarter 2020 earnings released: EPS US$0.001

Investor sentiment improved over the past week

New 90-day high: Rp2,240

New 90-day high: Rp1,995

New 90-day high: Rp1,965

Analysts increase EPS estimates to US$0.0048

Price target raised to Rp1,906

Earnings released

Price target raised to Rp1,764

New 90-day high - Rp1,935

Shareholder Returns

Price Volatility

About the Company

PT Merdeka Copper Gold Tbk Fundamentals Summary

206.0x

1.5x

Earnings & Revenue