P

PT Merdeka Battery Materials Tbk
IDX:MBMA

Watchlist Manager
PT Merdeka Battery Materials Tbk
IDX:MBMA
Watchlist
Price: 660 IDR -2.22% Market Closed
Market Cap: Rp71.3T

EV/S

3.3
Current
28%
More Expensive
vs 3-y average of 2.6

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.

EV/S
3.3
=
Enterprise Value
Rp88.5T
/
Revenue
$1.4B

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.

EV/S
3.3
=
Enterprise Value
Rp88.5T
/
Revenue
$1.4B

Valuation Scenarios

PT Merdeka Battery Materials Tbk is trading above its 3-year average

If EV/S returns to its 3-Year Average (2.6), the stock would be worth Rp517.52 (22% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-100%
Maximum Upside
No Upside Scenarios
Average Downside
50%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 3.3 Rp660
0%
3-Year Average 2.6 Rp517.52
-22%
5-Year Average 2.6 Rp517.52
-22%
Industry Average 0 Rp0.51
-100%
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
=
3.3
Current
Rp88.5T
/
Dec 2026
$2.5B
=
35862.1
Forward
Rp88.5T
/
Dec 2027
$3B
=
29750.5
Forward
Rp88.5T
/
Dec 2028
$3.2B
=
27920.4
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

In line with most companies in Indonesia
Percentile
70th
Based on 857 companies
70th percentile
3.3
Low
0 — 0.6
Typical Range
0.6 — 3.3
High
3.3 —
Distribution Statistics
Indonesia
Min 0
30th Percentile 0.6
Median 1.5
70th Percentile 3.3
Max 414 768.4

PT Merdeka Battery Materials Tbk
Glance View

Market Cap
71.3T IDR
Industry
Metals & Mining

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.

MBMA Intrinsic Value
577.85 IDR
Overvaluation 12%
Intrinsic Value
Price Rp660
P
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett