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PT Telekomunikasi Indonesia Tbk
(NYSE:TLK)
PT Telekomunikasi Indonesia Tbk (TLK) vs. SPDR S&P 500 ETF (SPY)
PT Telekomunikasi Indonesia Tbk Business Overview & Revenue Model
PT Telekomunikasi Indonesia Tbk Earnings Call Summary
PT Telekomunikasi Indonesia Tbk Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Gross Profit | 98.32T | 10.00T> | 10.00T> | 10.00T> | 99.90T | 96.47T |
| EBITDA | 74.77T | 76.97T | 78.12T | 73.64T | 79.85T | 72.67T |
| Net Income | 21.72T | 23.61T | 24.43T | 20.74T | 24.88T | 21.05T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 33.05T | 35.03T | 30.43T | 32.88T | 38.74T | 21.82T |
| Total Debt | 77.68T | 76.83T | 68.00T | 63.04T | 69.08T | 64.72T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
Cash Flow | ||||||
| Free Cash Flow | 40.12T | 31.94T | 26.98T | 38.34T | 38.43T | 35.76T |
| Operating Cash Flow | 65.25T | 61.60T | 60.58T | 73.35T | 68.35T | 65.32T |
| Investing Cash Flow | -26.49T | -29.46T | -36.91T | -39.12T | -37.91T | -35.26T |
| Financing Cash Flow | -32.39T | -27.50T | -26.57T | -40.97T | -12.78T | -27.75T |
PT Telekomunikasi Indonesia Tbk Technical Analysis
PT Telekomunikasi Indonesia Tbk Risk Analysis
PT Telekomunikasi Indonesia Tbk Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $9.93B | 14.14 | 14.93% | 7.82% | -4.90% | 14.83% | |
77 Outperform | $19.85B | 18.85 | 8.36% | 5.03% | -3.16% | 4.70% | |
75 Outperform | $20.29B | 15.39 | 15.54% | 6.14% | -5.21% | -7.45% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $7.67B | 19.68 | 4.72% | 5.02% | -8.16% | -52.52% | |
58 Neutral | $31.85B | -7.55 | -7.08% | 3.77% | 19.67% | -278.51% | |
45 Neutral | $22.45B | -10.25 | -0.70% | 7.47% | -5.49% | -75.51% |
PT Telekomunikasi Indonesia Tbk Corporate Events
On December 23, 2025, PT Telekomunikasi Indonesia Tbk reported changes in the composition of its Audit Committee, in line with Indonesian Financial Services Authority Regulation No. 55/POJK.04/2015 on the establishment and guidelines for audit committees. Based on a Board of Commissioners’ decision dated the same day, Telkom Indonesia appointed Independent Commissioner Deswandhy Agusman as Chairman/Member of the Audit Committee, with Independent Commissioners Ira Noviarti and Rofikoh Rokhim as members, and added Achmad Taufik as committee secretary and fraud and investigation expert, and Irhoan Tanudiredja as an independent financial expert member, signaling a reinforcement of the company’s governance, oversight and compliance framework for stakeholders.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On December 18, 2025, PT Telekomunikasi Indonesia Tbk signed a decree to spin off part of its wholesale fiber connectivity business and related assets into its subsidiary PT Telkom Infrastruktur Indonesia (TIF), marking Phase 1 of a broader plan to transfer its entire wholesale fiber connectivity business to TIF, as previously approved by an extraordinary general meeting of shareholders held on December 12, 2025. Following completion of the separation process and the related capital increase—expected to be effective around January 1, 2026, subject to regulatory approval and notification of changes to TIF’s articles of association—Telkom’s effective ownership in TIF will rise marginally from 99.999995% to 99.9999997%, while PT Multimedia Nusantara’s stake will fall from 0.000005% to 0.0000003%, further solidifying Telkom’s control over its infrastructure arm as it consolidates and restructures its fiber wholesale operations.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On December 17, 2025, PT Telekomunikasi Indonesia Tbk released its report regarding the results of a share buyback conducted following shareholder rights provisions under the Indonesian Company Law. The buyback was linked to a partial separation plan involving the company’s wholesale fiber connectivity business and assets, transferring them to its subsidiary, PT Telkom Infrastruktur Indonesia. No shareholders opted to sell their shares by the closure of the submission deadline on December 16, 2025, and the company indicated that this event will not have a negative impact on its operations or financial stability.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On December 12, 2025, PT Telekomunikasi Indonesia Tbk held an Extraordinary General Meeting of Shareholders where they approved a partial spin-off of their wholesale fiber connectivity business to PT Telkom Infrastruktur Indonesia, a subsidiary. This strategic move is part of a larger plan to transfer the entire wholesale fiber connectivity business to the subsidiary, potentially strengthening the company’s infrastructure and market position.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On December 12, 2025, PT Telekomunikasi Indonesia Tbk held an Extraordinary General Meeting of Shareholders (EGMS) to approve a partial spin-off of its Wholesale Fiber Connectivity Business and assets to its subsidiary, PT Telkom Infrastruktur Indonesia. This move is part of a broader strategy to transfer the entire wholesale fiber business to the subsidiary. In compliance with Indonesian Company Law, the company plans to buy back shares from shareholders who opposed the spin-off, ensuring their rights are respected. The buyback will be conducted at the average closing price on the Indonesia Stock Exchange over the 90 days preceding the announcement. This strategic restructuring aims to optimize the company’s operations and enhance its market positioning.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On December 11, 2025, PT Telekomunikasi Indonesia Tbk announced an amendment and additional information disclosure regarding the partial spin-off of its Wholesale Fiber Connectivity Business and Assets to PT Telkom Infrastruktur Indonesia, a subsidiary it controls with 99.9% ownership. This strategic move is part of the company’s compliance with Indonesian regulations and aims to streamline operations by transferring specific assets and liabilities to its subsidiary. The spin-off plan, which exceeds 20% of the company’s equity, is considered a material transaction and will be discussed in a General Meeting of Shareholders on December 12, 2025. This decision is expected to impact the company’s operational efficiency and market positioning by focusing resources on core business activities.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On December 10, 2025, PT Telekomunikasi Indonesia Tbk announced an amendment and additional information disclosure regarding its plan to spin off its Wholesale Fiber Connectivity Business and Assets to its subsidiary, PT Telkom Infrastruktur Indonesia (TIF). The spin-off is a significant transaction, exceeding 20% of the company’s equity, and involves transferring assets and liabilities to TIF, which is 99.9% owned by the company. This move is part of compliance with Indonesian regulations and aims to streamline operations, with a General Meeting of Shareholders scheduled for December 12, 2025, to approve the plan.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On December 1, 2025, PT Telekomunikasi Indonesia Tbk announced a change in its Audit Committee composition to comply with Indonesian Financial Services Authority regulations. Mr. Irhoan Tanudiredja has replaced Mr. Edy Sihotang as the financial expert and independent member of the committee, reflecting the company’s ongoing commitment to regulatory compliance and corporate governance.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On December 1, 2025, PT Telekomunikasi Indonesia Tbk announced an amendment and additional information disclosure regarding the partial spin-off of its Wholesale Fiber Connectivity Business and Assets. The company plans to transfer these assets and liabilities to its controlled subsidiary, PT Telkom Infrastruktur Indonesia (TIF), which is 99.9% owned by Telkom Indonesia. This transaction is significant as it exceeds 20% of the company’s equity and is categorized as a Material Transaction with an Affiliated Transaction. Despite not requiring an appraiser or shareholder approval due to the nature of the transaction, Telkom Indonesia will hold a General Meeting of Shareholders on December 12, 2025, to obtain shareholder approval for the spin-off plan. This strategic move is expected to streamline operations and enhance the company’s focus on its core business activities.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On November 20, 2025, PT Telekomunikasi Indonesia Tbk announced an Extraordinary General Meeting of Shareholders scheduled for December 12, 2025. The meeting will address several key agendas, including the approval of a partial spin-off of the Wholesale Fiber Connectivity business to its subsidiary, PT Telkom Infrastruktur Indonesia, and amendments to the Company’s Articles of Association. Additionally, the company plans to delegate authority for its 2026 work plan and budget to the Board of Commissioners, and to accept a government assignment to provide temporary national data center services during a transition period. These actions are expected to impact the company’s operational focus and align with regulatory requirements, potentially influencing stakeholder interests.
The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On October 30, 2025, PT Telekomunikasi Indonesia Tbk released its unaudited consolidated financial statements for the nine-month period ending September 30, 2025. The report highlights the company’s financial position, showing a decrease in total assets from December 31, 2024, to September 30, 2025. This financial disclosure is crucial for stakeholders to assess the company’s financial health and operational efficiency over the reported period.
The most recent analyst rating on (TLK) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
PT Telkom Indonesia has announced that it will hold an Extraordinary General Meeting of Shareholders (EGMS) on December 12, 2025. The meeting will be conducted electronically through the eASY.KSEI platform, allowing shareholders to participate online. Shareholders eligible to attend are those recorded on the company’s register by November 19, 2025. The announcement outlines the procedural details for participation and agenda proposals, emphasizing electronic power of attorney submissions and compliance with regulatory requirements. This move reflects the company’s adaptation to digital platforms for shareholder engagement, potentially enhancing participation and transparency.
The most recent analyst rating on (TLK) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On October 21, 2025, PT Telekomunikasi Indonesia Tbk announced a spin-off plan involving the transfer of its Wholesale Fiber Connectivity Business and Assets to its subsidiary, PT Telkom Infrastruktur Indonesia (TIF), which is 99.9% owned by the company. This strategic move is part of a compliance effort with Indonesian regulations and aims to optimize business operations by consolidating specific assets under TIF. The transaction is considered a Material Transaction due to its significant value relative to the company’s equity. The spin-off is expected to streamline operations and potentially enhance the company’s focus on core business activities, with implications for stakeholders including creditors who have until November 4, 2025, to object to the plan.
The most recent analyst rating on (TLK) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.
On October 20, 2025, PT Telekomunikasi Indonesia Tbk announced the signing of a Conditional Spin-Off Agreement with PT Telkom Infrastruktur Indonesia (TIF) as part of a corporate restructuring and business transformation plan. The transaction, valued at IDR 35.79 trillion, involves the partial spin-off of the company’s Wholesale Fiber Connectivity business and assets. This move aims to enhance business focus, create added value, and optimize fiber optic network assets, thereby strengthening the company’s position as a leading connectivity provider in Indonesia. The transaction supports national goals of improving digital equality and broadband penetration. Despite the scale of the transaction, it is not expected to significantly impact the company’s financial condition due to TIF being a consolidated subsidiary with 99.999% ownership.
The most recent analyst rating on (TLK) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page.