M

Merdeka Gold Resources PT Tbk
IDX:EMAS

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Merdeka Gold Resources PT Tbk
IDX:EMAS
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Price: 9 375 IDR -0.27% Market Closed
Market Cap: Rp138.1T

EV/OCF

-442.8
Current
25%
More Expensive
vs 3-y average of -355.1

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
-442.8
=
Enterprise Value
Rp143.9T
/
Operating Cash Flow
$-19.1m

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
-442.8
=
Enterprise Value
Rp143.9T
/
Operating Cash Flow
$-19.1m

Valuation Scenarios

Merdeka Gold Resources PT Tbk is trading above its industry average

If EV/OCF returns to its Industry Average (7.8), the stock would be worth Rp-164.64 (102% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-102%
Maximum Upside
No Upside Scenarios
Average Downside
102%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple -442.8 Rp9 375
0%
Industry Average 7.8 Rp-164.64
-102%
Country Average 6.3 Rp-132.77
-101%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
ID
Merdeka Gold Resources PT Tbk
IDX:EMAS
138.1T IDR -442.8 -298.7
US
GE Vernova LLC
NYSE:GEV
309.8B USD 0 0
UK
Eight Capital Partners PLC
F:ECS
158.4B EUR 0 0
US
China Industrial Group Inc
OTC:CIND
121B USD 45 425.5 4 020.7
NL
Nepi Rockcastle NV
JSE:NRP
102.5B ZAR 18.1 10.6
US
Fintech Ecosystem Development Corp
NASDAQ:FEXD
68B USD -45 946.1 38 417.9
US
CoreWeave Inc
NASDAQ:CRWV
58.9B USD 0 0
CH
Galderma Group AG
SIX:GALD
35.4B CHF 0 0
US
Symbotic Inc
NASDAQ:SYM
38.1B USD 41.9 -3 457.1
US
Coupang Inc
F:788
31.7B EUR 17.9 175.5
US
Reddit Inc
NYSE:RDDT
29.2B USD 38.7 55.2
P/E Multiple
Earnings Growth PEG
ID
M
Merdeka Gold Resources PT Tbk
IDX:EMAS
Average P/E: 8 536
Negative Multiple: -298.7
N/A N/A
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.6
1%
10.6
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 417.9
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 457.1 N/A N/A
US
Coupang Inc
F:788
175.5
96%
1.8
US
R
Reddit Inc
NYSE:RDDT
55.2
41%
1.3

Market Distribution

Lower than 100% of companies in Indonesia
Percentile
0th
Based on 727 companies
0th percentile
-442.8
Low
0 — 3.6
Typical Range
3.6 — 14.1
High
14.1 —
Distribution Statistics
Indonesia
Min 0
30th Percentile 3.6
Median 6.3
70th Percentile 14.1
Max 1 136 900.3

Merdeka Gold Resources PT Tbk
Glance View

Market Cap
138.1T IDR
Industry
N/A

Merdeka Gold Resources PT Tbk is a ID-based company operating in industry. The company is headquartered in Jakarta Selatan, Dki Jakarta and currently employs 253 full-time employees. The company went IPO on 2025-09-23. PT Merdeka Gold Resources Tbk, formerly PT Pani Bersama Jaya, is an Indonesia-based company. The Company’s activities are holding company and other management consulting activities. Its business activity carried out by the Company is as a holding company of a business group engaged in gold mining and its associated minerals, processing and other related business activities that are vertically integrated. Its segments include Mining support service, Mining, Processing, and others. The firm is focused on developing the Pani Gold Project. Its subsidiaries include PT Gorontalo Sejahtera Mining (GSM), PT Pani Bersama Tambang (PBT), PT Merdeka Mining Indonesia (MMI), PT Mentari Alam Persada, PT Pani Industri Jaya, among others. GSM is engaged in mineral mining. MMI is focused on mining and other quarrying supporting activities, leasing activities for construction equipment with operators and leasing and operating leasing activities for mining and energy machinery and its equipment.

EMAS Intrinsic Value
4.65 IDR
Overvaluation 100%
Intrinsic Value
Price Rp9 375
M
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