Ratings PT Merdeka Copper Gold Tbk

Equities

MDKA

ID1000134406

End-of-day quote INDONESIA S.E. Other stock markets 18:00:00 2024-04-25 EDT			5-day change	1st Jan Change
2,510 ^IDR	-0.40%		-10.36%	-7.04%

04-17	Nomura Adjusts Merdeka Copper Gold’s Price Target to IDR3,700 From IDR4,300, Keeps at Buy	MT
03-28	Indonesia's Merdeka Copper Gold targets Tujuh Bukit gold mine output of 100,000-120,000 ounces this year	RE

Summary

Overall, the company has poor fundamentals for a medium to long-term investment strategy.
From a short-term investment perspective, the company presents a deteriorated fundamental situation

Strengths

Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.
Over the last twelve months, the sales forecast has been frequently revised upwards.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

Weaknesses

The company sustains low margins.
One of the major weak points of the company is its financial situation.
With an expected P/E ratio at 2952941.18 and 409461.66 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The company appears highly valued given the size of its balance sheet.
For the past year, analysts have significantly revised downwards their profit estimates.
For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
The average consensus view of analysts covering the stock has deteriorated over the past four months.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
The price targets of various analysts who make up the consensus differ significantly. This reflects different assessments and/or a difficulty in valuing the company.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Diversified Mining

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
PT MERDEKA COPPER GOLD TBK	-7.04%	3.78B		C
BHP GROUP LIMITED	-14.76%	143B		C+
RIO TINTO PLC	-6.37%	117B		C
GLENCORE PLC	+0.16%	71.07B		C+
SAUDI ARABIAN MINING COMPANY (MA'ADEN)	+5.25%	50.28B		B+
GRUPO MÉXICO, S.A.B. DE C.V.	+13.30%	48.38B		B
ANGLO AMERICAN PLC	+36.39%	39.93B		C+
TECK RESOURCES LIMITED	+22.92%	26.1B		B-
HINDUSTAN ZINC LIMITED	+33.38%	21.36B		A-
IVANHOE MINES LTD.	+58.44%	18.64B	-	C+

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders

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Technical analysis

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Unusual volumes