Overview Dividends

(TLK) Telkom Indonesia (Persero) - Ratings and Ratios

Exchange: NYSE • Country: Indonesia • Currency: USD • Type: Common Stock • ISIN: ID1000129000

Mobile, Fixed, Internet, Tv, Enterprise, Wholesale

TLK EPS (Earnings per Share)

EPS Growth (3Y CAGR): -57.66%
EPS Trend (3Y Correlation): -56.1%

TLK Revenue

Revenue Growth (3Y CAGR): -0.52%
Revenue Trend (3Y Correlation): -22.5%

Description: TLK Telkom Indonesia (Persero)

PT Telekomunikasi Indonesia Tbk (TLK) is Indonesia’s largest integrated telecom provider, delivering ICT and network services across Mobile, Consumer, Enterprise, Wholesale & International Business, and a diversified “Other” segment that includes digital content, big-data, fintech, and tower leasing. The Mobile arm drives voice, SMS, broadband and value-added services, while Consumer focuses on fixed-line, pay-TV, and residential internet. Enterprise supplies end-to-end solutions for corporates, and Wholesale & International offers interconnection, broadband, and IT services to other operators and institutions.

Key recent metrics (as of FY 2023) show TLK serving ~270 million mobile subscribers and ~30 million fixed-line customers, with mobile ARPU stabilising around IDR 15,000 (≈ $1 USD) despite intense price competition. The company is investing roughly IDR 90 trillion (~$6 bn) in 5G rollout and fiber expansion, aligning with Indonesia’s projected 5-year GDP growth of 5 % and rising digital-economy penetration, which historically lifts telecom revenue by 2-3 % per percentage-point increase in broadband adoption.

To assess TLK’s valuation and risk profile more rigorously, consider reviewing its detailed financials, subscriber trends, and capex plans on ValueRay, where you can compare these fundamentals against regional peers and scenario-based forecasts.

TLK Stock Overview

Market Cap in USD	17,995m
Sub-Industry	Integrated Telecommunication Services
IPO / Inception	1995-11-14

TLK Stock Ratings

Growth Rating	-4.68%
Fundamental	72.7%
Dividend Rating	56.3%
Return 12m vs S&P 500	-11.6%
Analyst Rating	3.0 of 5

TLK Dividends

Dividend Yield 12m	7.13%
Yield on Cost 5y	9.01%
Annual Growth 5y	0.73%
Payout Consistency	92.7%
Payout Ratio	115.2%

TLK Growth Ratios

Growth Correlation 3m	20%
Growth Correlation 12m	53.5%
Growth Correlation 5y	-34.7%
CAGR 5y	-7.98%
CAGR/Max DD 3y (Calmar Ratio)	-0.16
CAGR/Mean DD 3y (Pain Ratio)	-0.36
Sharpe Ratio 12m	-1.40
Alpha	-1.31
Beta	0.192
Volatility	23.79%
Current Volume	784k
Average Volume 20d	398.7k
Stop Loss	17.5 (-3%)
Signal	-0.58

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (22863.00b TTM) > 0 and > 6% of Revenue (6% = 8860.74b TTM)

FCFTA 0.13 (>2.0%) and ΔFCFTA 1.83pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -16.67% (prev -21.75%; Δ 5.08pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.38 (>3.0%) and CFO 110440.00b > Net Income 22863.00b (YES >=105%, WARN >=100%)

Net Debt (51614.00b) to EBITDA (56350.00b) ratio: 0.92 <= 3.0 (WARN <= 3.5)

Current Ratio 0.71 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (990.6m) change vs 12m ago 0.00% (target <= -2.0% for YES)

Gross Margin 66.80% (prev 43.87%; Δ 22.93pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 50.94% (prev 52.81%; Δ -1.87pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 6.50 (EBITDA TTM 56350.00b / Interest Expense TTM 4910.00b) >= 6 (WARN >= 3)

Altman Z'' 2.16

(A) -0.08 = (Total Current Assets 60378.00b - Total Current Liabilities 85001.00b) / Total Assets 293797.00b

(B) 0.34 = Retained Earnings (Balance) 99520.00b / Total Assets 293797.00b

(D) 0.82 = Book Value of Equity 119810.00b / Total Liabilities 145435.00b

Total Rating: 2.16 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 72.69

1. Piotroski 6.0pt = 1.0

2. FCF Yield 10.41% = 5.0

3. FCF Margin 26.43% = 6.61

4. Debt/Equity 0.64 = 2.30

5. Debt/Ebitda 0.92 = 1.88

6. ROIC - WACC (= 7.23)% = 9.03

7. RoE 16.39% = 1.37

8. Rev. Trend -22.54% = -1.69

9. EPS Trend -56.07% = -2.80

What is the price of TLK shares?

As of October 18, 2025, the stock is trading at USD 18.05 with a total of 784,000 shares traded.
Over the past week, the price has changed by -0.61%, over one month by -9.30%, over three months by +10.20% and over the past year by +1.52%.

Is Telkom Indonesia (Persero) a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Telkom Indonesia (Persero) (NYSE:TLK) is currently (October 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 72.69 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TLK is around 17.49 USD . This means that TLK is currently overvalued and has a potential downside of -3.1%.

Is TLK a buy, sell or hold?

Telkom Indonesia (Persero) has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold TLK.

Strong Buy: 0
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the TLK price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	18.9	4.7%
Analysts Target Price	18.9	4.7%
ValueRay Target Price	19	5.2%

Last update: 2025-10-11 03:56

TLK Fundamental Data Overview

Market Cap IDR = 297843.27b (17.99b USD * 16551.74 USD.IDR)
P/E Trailing = 13.0647
P/E Forward = 12.9702
P/S = 0.0001
P/B = 2.3657
P/EG = 4.8059
Beta = 0.192
Revenue TTM = 147679.00b IDR
EBIT TTM = 31916.00b IDR
EBITDA TTM = 56350.00b IDR
Long Term Debt = 25698.00b IDR (from longTermDebt, last quarter)
Short Term Debt = 41257.00b IDR (from shortTermDebt, last quarter)
Debt = 84799.00b IDR (from shortLongTermDebtTotal, last quarter)
Net Debt = 51614.00b IDR (from netDebt column, last quarter)
Enterprise Value = 374893.27b IDR (297843.27b + Debt 84799.00b - CCE 7749.00b)
Interest Coverage Ratio = 6.50 (Ebit TTM 31916.00b / Interest Expense TTM 4910.00b)
FCF Yield = 10.41% (FCF TTM 39030.00b / Enterprise Value 374893.27b)
FCF Margin = 26.43% (FCF TTM 39030.00b / Revenue TTM 147679.00b)
Net Margin = 15.48% (Net Income TTM 22863.00b / Revenue TTM 147679.00b)
Gross Margin = 66.80% ((Revenue TTM 147679.00b - Cost of Revenue TTM 49027.00b) / Revenue TTM)
Gross Margin QoQ = 66.22% (prev 68.14%)
Tobins Q-Ratio = 1.28 (Enterprise Value 374893.27b / Total Assets 293797.00b)
Interest Expense / Debt = 1.57% (Interest Expense 1331.00b / Debt 84799.00b)
Taxrate = 23.61% (2018.00b / 8547.00b)
NOPAT = 24380.43b (EBIT 31916.00b * (1 - 23.61%))
Current Ratio = 0.71 (Total Current Assets 60378.00b / Total Current Liabilities 85001.00b)
Debt / Equity = 0.64 (Debt 84799.00b / totalStockholderEquity, last quarter 132141.00b)
Debt / EBITDA = 0.92 (Net Debt 51614.00b / EBITDA 56350.00b)
Debt / FCF = 1.32 (Net Debt 51614.00b / FCF TTM 39030.00b)
Total Stockholder Equity = 139514.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.78% (Net Income 22863.00b / Total Assets 293797.00b)
RoE = 16.39% (Net Income TTM 22863.00b / Total Stockholder Equity 139514.00b)
RoCE = 19.32% (EBIT 31916.00b / Capital Employed (Equity 139514.00b + L.T.Debt 25698.00b))
RoIC = 12.72% (NOPAT 24380.43b / Invested Capital 191614.25b)
WACC = 5.50% (E(297843.27b)/V(382642.27b) * Re(6.72%) + D(84799.00b)/V(382642.27b) * Rd(1.57%) * (1-Tc(0.24)))
Discount Rate = 6.72% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF Debug] Terminal Value 78.67% ; FCFE base≈36527.20b ; Y1≈37509.87b ; Y5≈41964.14b
Fair Price DCF = 745.7k (DCF Value 738711.13b / Shares Outstanding 990.6m; 5y FCF grow 2.63% → 3.0% )
EPS Correlation: -56.07 | EPS CAGR: -57.66% | SUE: -4.0 | # QB: 0
Revenue Correlation: -22.54 | Revenue CAGR: -0.52% | SUE: -0.04 | # QB: 0

Additional Sources for TLK Stock

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