PT Merck Tbk (MERK.JK)

Indonesia · Healthcare · IDR

Key financials

ROE: 27.36%; 2025 (actual)
ROA: 21.88%; 2025 (actual)
Gross Margin: 47.58%; 2025 (actual)
Net Margin: 20.31%; 2025 (actual)
Total Assets: IDR 1,272.2B; 2025 (actual)
Net Income: IDR 243.9B; 2025 (actual)
Valuation: IDR 1,393.88B; 2026 (forecast)
Stock Price: IDR 3,111.34; 2026 (forecast)

Historical & projected performance

Reported figures and Equlion model projections for the next 5 years.

Metric	2025 (actual)	2026 (forecast)	2027	2028	2029	2030	2031
ROE	27.36%	41.42%	35.73%	30.77%	27.7%	24.46%	20.8%
Sector average	-	8.15%	4.43%	106.09%	9.11%	-15.92%	11.86%
ROA	21.88%	32.14%	29.07%	25.98%	23.78%	21.3%	18.4%
Sector average	-	6.11%	5.79%	5.8%	5.77%	5.49%	3.83%

Amounts in IDR (billions); stock price per share. Values that are missing or fail Equlion's automated data-quality checks are shown as “-”. Stock price and valuation carry no data date: they are the Equlion model's estimate for 2026. Projections are model estimates, not investment advice.

Want the full financial forecast report for PT Merck Tbk? It covers the balance sheet, income statement and Equlion model projections.

Net Margin	20.31%	25.52%	25.46%	25.33%	25.22%	25.14%	25.11%
Sector average	-	6.25%	6.16%	6.45%	6.8%	6.99%	3.63%

Total Assets	IDR 1,272.2B	IDR 1,227.69B	IDR 1,658.65B	IDR 2,214.8B	IDR 2,887.07B	IDR 3,637.85B	IDR 4,406.59B
Sector average	-	IDR 7,871.2B	IDR 8,776.94B	IDR 9,968.98B	IDR 11,181.14B	IDR 12,214.16B	IDR 5,294.47B

Net Income	IDR 243.9B	IDR 401.78B	IDR 419.48B	IDR 503.19B	IDR 606.73B	IDR 694.9B	IDR 740.07B
Sector average	-	IDR 361.91B	IDR 409.48B	IDR 499.3B	IDR 586.99B	IDR 641.74B	IDR 239.38B

Valuation	-	IDR 1,393.88B	IDR 1,444.06B	IDR 1,494.47B	IDR 1,543.67B	IDR 1,595.14B	IDR 1,656.31B
Sector average	-	IDR 19,376B	IDR 20,324.94B	IDR 20,030.02B	IDR 18,971.81B	IDR 18,513.18B	IDR 3,437.61B

Stock Price	-	IDR 3,111.34	IDR 3,223.34	IDR 3,335.86	IDR 3,445.68	IDR 3,560.59	IDR 3,697.11
Sector average	-	IDR 1,839.21	IDR 1,924.82	IDR 1,903.8	IDR 1,818.04	IDR 1,784.88	IDR 803.55