(TLK) Telkom Indonesia (Persero) - Overview
Sector: Communication Services | Industry: Telecom Services | Exchange: NYSE (USA) | Market Cap: 16.139m USD | Total Return: 2.4% in 12m
Avg Turnover: 12.5M
EPS Trend: -86.1%
Rev. Trend: -68.4%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Telkom Indonesia (TLK) is a diversified telecommunications and information technology provider headquartered in Bandung, Indonesia. The company operates across five primary segments: Mobile, Consumer, Enterprise, Wholesale and International Business, and Other. Its service portfolio encompasses mobile voice and data, fixed-line broadband, pay TV, and end-to-end enterprise solutions, alongside digital services including big data, financial technology, and data center management.
As an integrated telecommunications provider, the company benefits from a vertically integrated business model that controls both infrastructure-such as cellular towers and subsea cables-and direct-to-consumer services. The Indonesian telecommunications sector is characterized by high mobile penetration rates and a rapidly expanding digital economy, which drives demand for the company’s wholesale interconnection and broadband access services. Investors can further analyze these market dynamics and valuation metrics on ValueRay.
Founded in 1884, Telkom Indonesia functions as a state-owned enterprise under PT Danantara Asset Management. Beyond core connectivity, the firm maintains a significant presence in property development, business management consulting, and multimedia portal services to support its broader technological ecosystem.
- Mobile data demand and 5G infrastructure rollout drive revenue growth
- Fixed broadband expansion through IndiHome increases consumer segment market share
- Strategic tower asset monetization improves balance sheet and capital allocation
- Indonesian Rupiah exchange rate volatility impacts ADR valuation and debt
- Regulatory shifts in Indonesian telecommunications landscape affect competitive pricing power
| Net Income: 13378b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -0.24 > 1.0 |
| NWC/Revenue: -8.93% < 20% (prev -5.51%; Δ -3.42% < -1%) |
| CFO/TA 0.22 > 3% & CFO 63842b > Net Income 13378b |
| Net Debt (63849b) to EBITDA (65934b): 0.97 < 3 |
| Current Ratio: 0.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (990.5m) vs 12m ago -0.01% < -2% |
| Gross Margin: 66.80% > 18% (prev 0.68%; Δ 6.61k% > 0.5%) |
| Asset Turnover: 50.08% > 50% (prev 49.80%; Δ 0.28% > 0%) |
| Interest Coverage Ratio: 5.58 > 6 (EBITDA TTM 65934b / Interest Expense TTM 5069b) |
| A: -0.05 (Total Current Assets 60980b - Total Current Liabilities 74125b) / Total Assets 288449b |
| B: 0.37 (Retained Earnings 106862b / Total Assets 288449b) |
| C: 0.10 (EBIT TTM 28281b / Avg Total Assets 293998b) |
| D: 0.94 (Book Value of Equity 128713b / Total Liabilities 137551b) |
| Altman-Z'' = 2.54 = A |
| DSRI: 0.96 (Receivables 14037b/14843b, Revenue 147228b/149177b) |
| GMI: 1.01 (GM 66.80% / 67.69%) |
| AQI: 0.94 (AQ_t 0.12 / AQ_t-1 0.12) |
| SGI: 0.99 (Revenue 147228b / 149177b) |
| TATA: -0.17 (NI 13378b - CFO 63842b) / TA 288449b) |
| Beneish M = -3.27 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 16.35 with a total of 1,266,083 shares traded.
Over the past week, the price has changed by -1.33%,
over one month by -2.04%,
over three months by -23.24% and
over the past year by +2.43%.
Telkom Indonesia (Persero) has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold TLK.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 24.1 | 47.4% |
Market Cap IDR = 285073b (16.1b USD * 17663.46 USD.IDR)
P/E Trailing = 16.5152
P/E Forward = 12.837
P/S = 1.9543
P/B = 2.1956
P/EG = 19.7585
Revenue TTM = 147228b IDR
EBIT TTM = 28281b IDR
EBITDA TTM = 65934b IDR
Long Term Debt = 26099b IDR (from longTermDebt, last fiscal year)
Short Term Debt = 30338b IDR (from shortTermDebt, last quarter)
Debt = 99583b IDR (from shortLongTermDebtTotal, last quarter) + Leases 24492b
Net Debt = 63849b IDR (calculated: Debt 99583b - CCE 35734b)
Enterprise Value = 348923b IDR (285073b + Debt 99583b - CCE 35734b)
Interest Coverage Ratio = 5.58 (Ebit TTM 28281b / Interest Expense TTM 5069b)
EV/FCF = 10.28x (Enterprise Value 348923b / FCF TTM 33948b)
FCF Yield = 9.73% (FCF TTM 33948b / Enterprise Value 348923b)
FCF Margin = 23.06% (FCF TTM 33948b / Revenue TTM 147228b)
Net Margin = 9.09% (Net Income TTM 13378b / Revenue TTM 147228b)
Gross Margin = 66.80% ((Revenue TTM 147228b - Cost of Revenue TTM 48887b) / Revenue TTM)
Gross Margin QoQ = 66.85% (prev 66.85%)
Tobins Q-Ratio = 1.21 (Enterprise Value 348923b / Total Assets 288449b)
Interest Expense / Debt = 5.09% (Interest Expense 5069b / Debt 99583b)
Taxrate = 17.47% (714b / 4087b)
NOPAT = 23340b (EBIT 28281b * (1 - 17.47%))
Current Ratio = 0.82 (Total Current Assets 60980b / Total Current Liabilities 74125b)
Debt / Equity = 0.76 (Debt 99583b / totalStockholderEquity, last quarter 130998b)
Debt / EBITDA = 0.97 (Net Debt 63849b / EBITDA 65934b)
Debt / FCF = 1.88 (Net Debt 63849b / FCF TTM 33948b)
Total Stockholder Equity = 132607b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.55% (Net Income 13378b / Total Assets 288449b)
RoE = 10.09% (Net Income TTM 13378b / Total Stockholder Equity 132607b)
RoCE = 17.82% (EBIT 28281b / Capital Employed (Equity 132607b + L.T.Debt 26099b))
RoIC = 9.54% (NOPAT 23340b / Invested Capital 244661b)
WACC = 7.28% (E(285073b)/V(384656b) * Re(8.35%) + D(99583b)/V(384656b) * Rd(5.09%) * (1-Tc(0.17)))
Discount Rate = 8.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -6.09 | Cagr: -0.00%
[DCF] Terminal Value 74.65% ; FCFF base≈34756b ; Y1≈33259b ; Y5≈31997b
[DCF] Fair Price = 445k (EV 502955b - Net Debt 63849b = Equity 439106b / Shares 987.1m; r=8.35% [WACC [floored]]; 5y FCF grow -5.61% → 2.50% )
[DCF] Fair Price = 445k (out of range, set to none)
EPS Correlation: -86.10 | EPS CAGR: -9.70% | SUE: N/A | # QB: 0
Revenue Correlation: -68.41 | Revenue CAGR: -0.72% | SUE: -0.06 | # QB: 0
EPS current Year (2026-12-31): EPS=1.54 | Chg30d=+1.78% | Revisions=-20% | GrowthEPS=+0.0% | GrowthRev=+4.8%