EXCL Overview

EXCL

PT XLSMART Telecom Sejahtera Tbk

3.030

++3.06%

LQ45IDX80KOMPAS100JII70MSCI_SMALLCAPMSCI_SMALLCAPMSCI_SMALLCAPMSCI_SMALLCAPMSCI_SMALLCAPMSCI_SMALLCAP

1D+3.06%

7D-3.50%

1M+4.48%

YTD-19.20%

1Y+36.49%

52W Low52W High

2.090Current: 3.0304.490

Foreign Investor Activity

Company Profile vs Peers

Key Highlights

DY 503.0% TTM

Negative ROE — currently unprofitable

Operating at a net loss

D/E 2.09x — highly leveraged

Member of 10 indices

Company Info

SectorInfrastruktur

Sub-sectorTelekomunikasi

IndustryJasa Telekomunikasi Nirkabel

Sub-industryJasa Telekomunikasi Nirkabel

Listing BoardUtama

Listed2005-09-29

AddressGedung XLSMART Tower Jl. HR Rasuna Said Kav 11-12 Blok X-5 RT.007 RW 002 Kuningan Timur Setiabudi Jakarta Selatan DKI Jakarta 12950

WebsiteVisit

Major Shareholders

Axiata Investments (Indonesia) Sdn. Bhd.

PT Bali Media Telekomunikasi

PT Global Nusa Data

PT Wahana Inti Nusantara

Saham Treasury

Masyarakat Warkat

Masyarakat Non Warkat

Jeremiah Ratadhi

M. Arsjad Rasjid P.M.

Vivek Sood

Score Summary

Fair · 55%Overall Score

value

77%

competitive

68%

future

financials

27%

dividend

100%

Technical Rating

Strong SellBased on 26 indicators

5 Buy4 Neutral17 Sell

Key Statistics

Valuation

Market Cap

55.1T

P/E Ratio

-11.45

P/B Ratio

1.90

P/S Ratio

1.33

EV/EBITDA

10.75

Profitability

ROE

-15.70%

ROA

-0.14%

Gross Margin

+54.92%

Op. Margin

-10.20%

Net Margin

-10.43%

Growth & Health

Rev Growth

—

EPS Growth

—

Div Yield

+503.00%

Debt/Equity

2.09

Current Ratio

0.47

EPS

-275.87

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Valuation vs Peers

How PT XLSMART Telecom Sejahtera Tbk compares to 0 peers in Telekomunikasi.

P/E Ratio

-11.45x

P/B Ratio

1.90x

P/S Ratio

1.33x

EV/EBITDA

10.75x

Intrinsic Value

Undervalued by 57.0%

3.030

Price

4.756

Intrinsic

Current Price

Intrinsic Value

Valuation & Metrics

Ownership Structure

Peer Comparison

Financial Statements

Income Flow — 2025-12-31

Revenue

11.9T

COGS

-5.1T

Gross Profit

6.8T

OpEx

-8.1T

Op. Income

-1.2T

Tax & Other

-609.5B

Net Income

-1.8T

Financial Statements

Metric	2025-12-31	2025-09-30
Revenue	11.9T	11.5T
Gross Profit	6.8T	6.8T
Operating Income	-1.2T	-314.2B
Net Income	-1.8T	-1.4T
EBITDA	4.1T	4.6T
Total Assets	115.3T	109.8T
Total Equity	30.0T	32.0T
Total Debt	62.8T	61.0T
Operating Cash Flow	—	—
Free Cash Flow	152.4B	3.1T

Dividend History

TTM Div Yield

+503.00%

Payout Ratio

—

EPS

-275,87

Corporate Actions

Insider Trades

Broker Flow

Research Notes

Indonesia’s Ministry of Communication and Digital (Komdigi) has launched an auction for the 700 MHz and 2.6 GHz radio‑frequency bands to be used for mobile networks starting in 2026, a move analysts say could lift ARPU and drive earnings growth for telecom operators. The news prompted specific coverage of XL Smart Telecom (EXCL), which is accelerating its network integration and spectrum‑return projects, and Telkom Indonesia (TLKM), whose conditional spin‑off of wholesale fiber assets to Telkom Infrastruktur Indonesia (TIF) is already priced in but could benefit from any ARPU upside; Indosat Ooredoo Hutchison (ISAT) also showed strong Q1 earnings and is expected to gain from network expansion. Overall, broker recommendations are bullish on the sector, suggesting the spectrum auction could act as a catalyst for higher valuations across Indonesia’s telecom stocks.

NeutralKontan Market3 May

Indonesia’s Ministry of Communication and Digital has opened the auction for the 700 MHz and 2.6 GHz spectrum bands, slated for rollout of 4G in underserved rural areas and 5G in dense urban zones by 2026. The process directly involves telecom operators PT Telkom Indonesia (TLKM), PT XLSmart Telecom Sejahtera (EXCL) – which has confirmed participation – and PT Indosat (ISAT), while Telkomsel has expressed support but not yet committed. Analysts note the auction could boost long‑term revenue and ARPU for these firms, but the near‑term capex surge and a weak rupiah may pressure margins and leverage, potentially weighing on the broader IDX telecom sector.

BullishEmiten News29 Apr

PT Estika Tata Tiara Tbk (BEEF) saw director Edie divest 250 million shares on 23 April 2026, selling them at Rp260 each and raising roughly Rp65 billion, which cut his holding to 408.3 million shares (5.03% of the float, down from 8.11%). The sale was executed to reduce his direct ownership, and the price was above the prevailing market level. Following the transaction, BEEF’s stock rose 1.86% on 29 April, closing at Rp220 per share.

BullishEmiten News29 Apr

PT Ultrajaya Milk Industry & Trading Tbk (ULTJ) posted Q1‑2026 sales of Rp2.78 trillion, up 21.9% YoY, and a net profit attributable to the parent of Rp495.6 billion, a 35.9% increase that lifted EPS to Rp48. The stronger top‑line and margin expansion pushed the stock higher, with shares gaining about 4.9% to Rp1,695 on the day of the earnings release. This earnings beat positively impacted the broader market sentiment toward consumer‑goods stocks.

NeutralEmiten News29 Apr

PT Teladan Prima Agro Tbk (TLDN) posted Q1 2026 revenue of Rp1.37 trillion, up 6.8 % year‑on‑year, driven by higher crude palm oil volumes and better average prices for palm kernel and crude palm kernel oil. Despite a 11.7 % decline in gross profit, the company recorded EBITDA of Rp322.31 billion and net profit of Rp181.77 billion, with palm oil production and oil extraction rates improving. The stronger top‑line and stable earnings are expected to reinforce a positive outlook for TLDN’s shares in the Indonesian market.

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Management

Board of Directors

Rajeev SethiPRESIDEN DIREKTUR

Antony SusiloDIREKTUR

David Arcelus OsesDIREKTUR

Andrijanto MuljonoDIREKTUR

Feiruz Ikhwan Bin Abdul MalekDIREKTUR

Board of Commissioners

M. Arsjad Rasjid P.M.PRESIDEN KOMISARIS

Vivek SoodKOMISARIS

Lay Krisnan CahyaKOMISARIS

Nik Rizal Kamil Bin Nik Ibrahim KamilKOMISARIS

Sean Quek Chin HaurKOMISARIS