Macquarie keeps IDR 30,000 target for United Tractors stock

Macquarie maintained an IDR 30,000 target for United Tractors stock on September 30, 2026, according to Investing.com. Against the IDX price of IDR 25,000 on October 14, 2026, that target lies 20.00 percent above the share price. United Tractors was trading at EUR 1.34 at Lang & Schwarz on October 14, 2026 at 4:45 p.m. CEST, up 0.81 percent on the IDX.

Results date set for November

Investing.com lists November 4, 2026 as United Tractors' next earnings date. That date gives the market a defined checkpoint after a first half marked by weaker mining and equipment activity.

United Tractors reported consolidated net revenue of IDR 58.30 trillion in the first half of 2026, down 15.00 percent from IDR 68.50 trillion in the first half of 2025, according to IDXChannel. The report attributed the pressure to lower gold-equivalent sales and weaker heavy-equipment and coal-mining activity.

Dividend and operating signals

United Tractors is scheduled to pay an interim dividend of IDR 430 per share on October 26, 2026, according to Teramine. The same report says the company's coal production quota rose from 7.40 million tons to 12.40 million tons in August 2026, a change that may matter for second-half volumes but does not erase the first-half decline.

IDXChannel reported that Komatsu equipment sales reached 1,994 units in the first half of 2026, down 27.00 percent from the comparable period. The company retained a full-year 2026 sales target of 4,000 Komatsu units, leaving the November reporting date important for judging whether equipment demand is improving.

Price position and valuation

The IDX quote stood at IDR 25,000 on October 14, 2026, within a 52-week range of IDR 20,125 to IDR 32,825. The share price was 23.84 percent below the 52-week high, while the latest market capitalization was IDR 87.3 trillion.

The valuation was a price-to-earnings ratio of 11.77 on October 14, 2026. The company operates across construction machinery, mining contracting, coal mining, gold mining, construction and energy, so the upcoming results will show whether the revised coal quota is translating into operating volume.

Comparison with peers

United Tractors: plus 0.81 percent, P/E 11.77, market capitalization IDR 87.3 trillion

Astra International (IDX, IDR): plus 1.26 percent, P/E 6.50, market capitalization IDR 192.7 trillion

Alamtri Resources Indonesia (IDX, IDR): minus 0.40 percent, P/E 6.92, market capitalization IDR 72.3 trillion

Trading snapshot

At EUR 1.34, United Tractors was trading at Lang & Schwarz on October 14, 2026 at 4:45 p.m. CEST, up 0.81 percent on the IDX. The price comparison uses the same-day IDX move because United Tractors is primarily listed in Jakarta.

The further course of trading is shown by the continuously updated real-time quote of United Tractors stock.

Market context: Market report IDX Composite.

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