P.t. Telekomunikasi Indonesia Tbk. (TLK)
NYSE:TLK
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PT Telekomunikasi Indonesia Tbk
(NYSE:TLK)
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Rating:77Outperform
Price Target:
$24.00
â–²(7.33% Upside)
Action:ReiteratedDate:11/18/25
TLK earns a score of 77, driven primarily by strong financial performance with robust profitability and cash flow growth, despite revenue decline concerns. Positive technical momentum further supports the score, while a reasonable P/E ratio and high dividend yield add to the stock's appeal.
Positive Factors
Cash Generation
Strong cash generation enhances financial flexibility, allowing for reinvestment in growth opportunities and debt reduction, supporting long-term stability.
Negative Factors
Revenue Decline
Declining revenue growth poses challenges to sustaining profitability and market competitiveness, necessitating strategic adjustments to reverse the trend.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Strong cash generation enhances financial flexibility, allowing for reinvestment in growth opportunities and debt reduction, supporting long-term stability.
Read all positive factors
PT Telekomunikasi Indonesia Tbk (TLK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.23B
Dividend Yield6.14%
Average Volume (3M)830.32K
Price to Earnings (P/E)16.2
Beta (1Y)0.71
Revenue Growth-5.21%
EPS Growth-7.45%
CountryUS
Employees19,712
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.32
Shares Outstanding990,622,200
10 Day Avg. Volume666,172
30 Day Avg. Volume830,324
Financial Highlights & Ratios
PEG Ratio-3.00
Price to Book (P/B)1.85
Price to Sales (P/S)1.75
P/FCF Ratio8.21
Enterprise Value/Market Cap19.70K
Enterprise Value/Revenue2.44
Enterprise Value/Gross Profit3.65
Enterprise Value/Ebitda4.80
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.4
Revenue Forecast (FY)$9.08B
PT Telekomunikasi Indonesia Tbk Business Overview & Revenue Model
Company Description
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, informatics, and network services worldwide. The company's Mobile segment offers mobile voice, SMS, and mobile broadband services; and digital services, in...
How the Company Makes Money
PT Telekomunikasi Indonesia Tbk generates revenue primarily through its diverse range of telecommunications services. The key revenue streams include mobile services, fixed-line telephony, and broadband internet subscriptions. Mobile services, whi...
PT Telekomunikasi Indonesia Tbk Earnings Call Summary
Earnings Call Date:Oct 31, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Jul 03, 2026
Earnings Call Sentiment Neutral
The earnings call reveals a mix of positive and negative aspects. While there are notable achievements such as positive revenue growth and strong performance in fixed broadband and Mitratel, challenges such as EBITDA decline, operating net income drop, and Telkomsel revenue decline indicate pressure points. The sentiment reflects cautious optimism amidst macroeconomic challenges and competitive pressures.Positive Updates
Positive Revenue Growth
Telkom Group delivered a revenue growth of 0.9% year-on-year to RP 112.2 trillion for the past 9 months of 2024.
Negative Updates
EBITDA Decline
EBITDA decreased by 4.1% year-on-year to RP 56.6 trillion, impacted by personnel expenses due to an early retirement program.
Read all updates
Q3-2024 Updates
Positive
Negative
Positive Revenue Growth
Telkom Group delivered a revenue growth of 0.9% year-on-year to RP 112.2 trillion for the past 9 months of 2024.
Read all positive updates
Company Guidance
During the earnings call for PT Telekom Indonesia, the company provided guidance for the fiscal year 2024, highlighting several key metrics and strategies. The company aims to achieve a low single-digit revenue growth, maintaining an EBITDA margin between 50% to 52%, and a CapEx-to-revenue ratio of 22% to 24%. For the first nine months of 2024, revenue grew by 0.9% year-on-year to IDR 112.2 trillion, while EBITDA decreased by 4.1% to IDR 56.6 trillion. The decline in EBITDA was primarily due to personnel expenses, which increased by 12.7% year-on-year, but normalized EBITDA stood at IDR 57.8 trillion, a 2.1% decline. Additionally, the company reported a net debt-to-EBITDA ratio of 0.6x, and Telkomsel's B2C business posted a 16.4% year-on-year revenue growth. The company is focusing on its 5 Bold Move strategy, including efforts to enhance digital connectivity and explore strategic partnerships for data center business, aiming to conclude these initiatives by early 2025.PT Telekomunikasi Indonesia Tbk Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
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
Neutral
22.36
Price Trends
20.04
Negative
20.71
Negative
19.59
Negative
Market Momentum
-0.39
Negative
46.17
Neutral
45.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TLK, the sentiment is Neutral. The current price of 22.36 is above the 20-day moving average (MA) of 18.45, above the 50-day MA of 20.04, and above the 200-day MA of 19.59, indicating a neutral trend. The MACD of -0.39 indicates Negative momentum. The RSI at 46.17 is Neutral, neither overbought nor oversold. The STOCH value of 45.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TLK.
PT Telekomunikasi Indonesia Tbk Risk Analysis
PT Telekomunikasi Indonesia Tbk disclosed 59 risk factors in its most recent earnings report. PT Telekomunikasi Indonesia Tbk reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Indonesian regulations require telecommunications service providers such as ourselves to share our network infrastructure and capacity with our competitors, and the enforcement of these regulations remain uncertain. Q4, 2023
PT Telekomunikasi Indonesia Tbk Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $18.23B | 16.17 | 15.56% | 6.14% | -5.21% | -7.45% | |
73 Outperform | $12.58B | 11.93 | 17.46% | 7.82% | -4.90% | 14.83% | |
70 Outperform | $25.73B | 17.32 | 9.03% | 5.03% | -3.16% | 4.70% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $35.05B | 7.35 | -8.37% | 3.77% | 19.67% | -278.51% | |
57 Neutral | $11.34B | 27.39 | 3.37% | 5.02% | -8.16% | -52.52% |
* Communication Services Sector Average
TLK
PT Telekomunikasi Indonesia Tbk
18.77
5.82
44.90%
SKM
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29.58
8.50
40.32%
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16.03
7.92
97.56%
TIMB
TIM
26.38
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VOD
Vodafone
15.21
7.22
90.43%
PT Telekomunikasi Indonesia Tbk Corporate Events
Telkom Indonesia Adjusts State Shareholding Structure to Comply With New SOE Law
Jan 7, 2026
On 6 January 2026, Telkom Indonesia reported a restructuring of state shareholdings in the company involving the State-Owned Enterprises Regulatory Agency (Badan Pengaturan BUMN, BP BUMN) and PT Danantara Asset Management (DAM). Under a share tran...
Telkom Indonesia Reshapes Audit Committee to Strengthen Governance Oversight
Dec 23, 2025
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 com...
Telkom Indonesia Begins First Phase of Wholesale Fiber Business Spin-Off to Infrastructure Subsidiary
Dec 18, 2025
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 t...
PT Telekomunikasi Indonesia Tbk Completes Share Buyback Process Without Impact
Dec 17, 2025
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 p...
PT Telekomunikasi Indonesia Approves Spin-Off of Wholesale Fiber Business
Dec 16, 2025
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. T...
PT Telekomunikasi Indonesia Tbk Announces Share Buyback Following Spin-Off Approval
Dec 15, 2025
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 Ind...
PT Telekomunikasi Indonesia Announces Spin-Off of Wholesale Fiber Business
Dec 11, 2025
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 subsi...
PT Telekomunikasi Indonesia Tbk Announces Spin-Off of Wholesale Fiber Business
Dec 10, 2025
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 Indon...
PT Telekomunikasi Indonesia Tbk Updates Audit Committee Composition
Dec 2, 2025
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 ex...
Telkom Indonesia Announces Spin-Off of Wholesale Fiber Connectivity Business
Dec 1, 2025
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 an...
PT Telekomunikasi Indonesia Tbk Announces Extraordinary General Meeting for December 2025
Nov 20, 2025
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 Who...
PT Telekomunikasi Indonesia Tbk Releases Nine-Month Financial Report for 2025
Oct 30, 2025
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 ...
PT Telkom Indonesia Announces December 2025 EGMS
Oct 21, 2025
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 onl...
PT Telekomunikasi Indonesia Announces Spin-Off of Wholesale Fiber Business
Oct 21, 2025
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 c...
PT Telekomunikasi Indonesia Tbk Signs Spin-Off Agreement with TIF
Oct 21, 2025
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, val...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.