Merdeka Battery Materials Tbk. (MBMA) Stock Price, Fundamentals & Analysis

What MBMA does

Merdeka Battery Materials Tbk. (symbol MBMA) is a stock listed on the Indonesia Stock Exchange in the Basic Materials sector, under the industry Other Industrial Metals & Mining. The company engages in the mining and processing of nickel, cobalt, and other mineral deposits in Indonesia and China, operating through Mining, Manufacturing, and Others segments. It manufactures non-ferrous basic metals, collects hazardous waste, and is active in limestone quarrying, electricity generation and distribution, gravel quarrying, and support activities for mining and quarrying. Merdeka Battery Materials Tbk. was founded in 2019, is headquartered in Jakarta Selatan, Indonesia, and operates as a subsidiary of PT Merdeka Energi Nusantara. It is part of the LQ45, Indonesia's benchmark index of the 45 most liquid stocks.

Key numbers explained

• Merdeka Battery Materials Tbk. trades at 500 IDR per share, with a marketCap of 54T IDR, reflecting the total market value of all outstanding shares.
• The trailing P/E ratio of 48.3 compares the current price to the last 12 months of earnings per share (10.35 USD); a higher P/E can signal growth expectations or a richer valuation.
• The forward P/E ratio of 31.9 uses expected future earnings, offering a view of how the market prices tomorrow's profits rather than past results.
• Dividend yield is 0% because the company pays no dividends and retains 0% of earnings as payouts.
• Over the last 52 weeks, the share price moved between 398 and 945 IDR, and the price change over the last 52 weeks is -23.7%, indicating a decline from one year ago.
• Revenue growth of 126.6% year over year shows a sharp increase in sales, while profitMargin of 4.2% and operatingMargin of 23.1% illustrate how much of each revenue dollar remains as profit after costs and operating expenses.
• Return on equity of 9.2% measures how effectively the company generates profit from shareholders' capital.
• The debt-to-equity ratio of 52.8% indicates the proportion of debt financing relative to equity, while priceToBook of 33,333.34 compares the market price to the book value per share.

What to watch

• Commodity prices for nickel and cobalt, which directly affect mining revenues and margins.
• Operating costs and production volumes in Indonesia and China, given the company's exposure to both markets.
• Regulatory and environmental developments in mining and hazardous waste handling.
• Capital structure and leverage, as reflected in the debt-to-equity ratio.
• Broader market conditions on the Indonesia Stock Exchange, where MBMA sits alongside peers such as Aneka Tambang Tbk. (ANTM), Vale Indonesia Tbk. (INCO), and Merdeka Copper Gold Tbk. (MDKA).