PT Merdeka Battery Materials Tbk
IDX:MBMA
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EV/S
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Valuation Scenarios
If EV/S returns to its 3-Year Average (2.6), the stock would be worth Rp517.52 (22% downside from current price).
| Scenario | EV/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 3.3 | Rp660 |
0%
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| 3-Year Average | 2.6 | Rp517.52 |
-22%
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| 5-Year Average | 2.6 | Rp517.52 |
-22%
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| Industry Average | 0 | Rp0.51 |
-100%
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| Country Average | 1.5 | Rp293.19 |
-56%
|
Forward EV/S
Today’s price vs future revenue
| Today's Enterprise Value | Revenue | Forward EV/S | ||
|---|---|---|---|---|
|
Rp88.5T
|
/ |
Jan 2026
$1.4B
|
= |
|
|
Rp88.5T
|
/ |
Dec 2026
$2.5B
|
= |
|
|
Rp88.5T
|
/ |
Dec 2027
$3B
|
= |
|
|
Rp88.5T
|
/ |
Dec 2028
$3.2B
|
= |
|
Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | EV/S | P/E | ||||
|---|---|---|---|---|---|---|
| ID |
P
|
PT Merdeka Battery Materials Tbk
IDX:MBMA
|
71.3T IDR | 3.3 | 142.4 | |
| AU |
|
BHP Group Ltd
ASX:BHP
|
284.9B AUD | 3.9 | 19.6 | |
| AU |
|
Rio Tinto Ltd
ASX:RIO
|
278.6B AUD | 3.5 | 19.8 | |
| UK |
|
Rio Tinto PLC
LSE:RIO
|
119.9B GBP | 3.1 | 15.9 | |
| CH |
|
Glencore PLC
LSE:GLEN
|
65.5B GBP | 0.5 | 238.8 | |
| MX |
|
Grupo Mexico SAB de CV
BMV:GMEXICOB
|
1.5T MXN | 5 | 18 | |
| SA |
|
Saudi Arabian Mining Company SJSC
SAU:1211
|
248.9B SAR | 7 | 33.9 | |
| CN |
|
CMOC Group Ltd
SSE:603993
|
414.2B CNY | 2 | 20.4 | |
| UK |
|
Anglo American PLC
LSE:AAL
|
43.5B GBP | 3.5 | -15.4 | |
| CN |
C
|
China Molybdenum Co Ltd
OTC:CMCLF
|
52.2B USD | 1.7 | 17.7 | |
| ZA |
A
|
African Rainbow Minerals Ltd
JSE:ARI
|
44.4B ZAR | 2.6 | 34.5 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.6 |
| Median | 1.5 |
| 70th Percentile | 3.3 |
| Max | 414 768.4 |
Other Multiples
PT Merdeka Battery Materials Tbk
Glance View
PT Merdeka Battery Materials Tbk stands as a dynamic player in the burgeoning battery materials sector, tightly woven into the fabric of Indonesia's vast natural resource landscape. The company capitalizes on Indonesia's rich nickel reserves, a critical component in the production of batteries for electric vehicles and renewable energy storage. Through strategic investments in mining and processing facilities, Merdeka Battery Materials plays a crucial role in the extraction and refinement of nickel, which is then transformed into high-grade materials for global manufacturers. This integration of mining and processing ensures that the company not only extracts raw materials but also adds significant value by refining these resources into market-ready products, thereby capturing a larger share of the value chain. Moreover, PT Merdeka Battery Materials Tbk has adeptly positioned itself within the ecosystem of sustainability-driven growth, tapping into the global shift towards greener technologies. By aligning its operations with environmentally responsible practices, the company enhances its appeal to international stakeholders keen on reducing carbon footprints. Revenue streams are bolstered through strategic partnerships, including collaborations with major automotive and battery manufacturers hungry for reliable sources of nickel and cobalt. These alliances do more than secure long-term contracts; they also position the company as an indispensable part of the supply chain driving the electric vehicle revolution. In essence, the firm constructs its profitability atop the tectonic shifts in energy consumption, betting on the sustained rise of renewable technologies while ensuring its processes meet stringent environmental standards.