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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PT Merdeka Battery Materials Tbk's retained earnings for the quarter that ended in Mar. 2026 was Rp1,854,560 Mil.
PT Merdeka Battery Materials Tbk's quarterly retained earnings
increased
from Sep. 2025 (Rp1,243,281 Mil) to Dec. 2025 (Rp1,329,854 Mil) and
increased
from Dec. 2025 (Rp1,329,854 Mil) to Mar. 2026 (Rp1,854,560 Mil).
PT Merdeka Battery Materials Tbk's annual retained earnings
increased
from Dec. 2023 (Rp418,244 Mil) to Dec. 2024 (Rp801,919 Mil) and
increased
from Dec. 2024 (Rp801,919 Mil) to Dec. 2025 (Rp1,329,854 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
PT Merdeka Battery Materials Tbk Retained Earnings Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of Rp1,854,560 Mil mean?
PT Merdeka Battery Materials Tbk (ISX:MBMA) has a Retained Earnings of Rp1,854,560 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on PT Merdeka Battery Materials Tbk and its competitors.
Is PT Merdeka Battery Materials Tbk's Retained Earnings too high?
PT Merdeka Battery Materials Tbk's current Retained Earnings is Rp1,854,560 Mil. Overall, PT Merdeka Battery Materials Tbk has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Battery Materials Tbk's Retained Earnings compare to HL and SIND?
PT Merdeka Battery Materials Tbk's Retained Earnings of Rp1,854,560 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Metals & Mining company?
A good Retained Earnings depends on the Metals & Mining industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on PT Merdeka Battery Materials Tbk and its competitors. PT Merdeka Battery Materials Tbk's current Retained Earnings is Rp1,854,560 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Battery Materials Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Merdeka Battery Materials Tbk (ISX:MBMA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp827.27, compared to a current price of Rp525.00 — trading 36.5% below its estimated fair value. The current Retained Earnings is Rp1,854,560 Mil. PT Merdeka Battery Materials Tbk's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current Retained Earnings is Rp1,854,560 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PT Merdeka Battery Materials Tbk (ISX:MBMA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Merdeka Battery Materials Tbk stock appears to be undervalued.
The current stock price of Rp525.00 is trading 36.5% below its estimated GF Value™ of Rp827.27.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
Retained Earnings: Rp1,854,560 Mil
GF Value™: Rp827.27 vs. price of Rp525.00 (36.5% below fair value)
No single metric tells the full story. See the ISX:MBMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Merdeka Battery Materials Tbk Business Description
PT Merdeka Battery Materials Tbk is an integrated battery materials and nickel processing company focused on the electric vehicle (EV) battery value chain in Indonesia. The company engages in nickel mining, smelting, and downstream battery material processing activities. Its business operations include the SCM Mine, RKEF smelters, Nickel Matte operations, AIM Project, IKIP industrial area development, and HPAL projects. The company operates through Mining, Manufacturing, and Other segments, with the majority of revenue generated from the Manufacturing segment.
49GF Score
Get the complete analysis for ISX:MBMA
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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