TLKM Overview

TLKM

PT Telkom Indonesia (Persero) Tbk

2.890

++2.85%

BUMNIDX30LQ45IDXHIDIV20IDXBUMN20IDX80KOMPAS100JII70SRI-KEHATIMSCI_STANDARD

1D+2.85%

7D+2.12%

1M-7.67%

YTD-16.95%

1Y+7.84%

52W Low52W High

2.290Current: 2.8903.940

Foreign Investor Activity

Company Profile vs Peers

Key Highlights

#10 by market cap on Infrastruktur

DY 681.0% TTM

State-owned enterprise (BUMN)

Member of 9 indices

Company Info

SectorInfrastruktur

Sub-sectorTelekomunikasi

IndustryJasa Telekomunikasi

Sub-industryJasa Telekomunikasi Terintegrasi

Listing BoardUtama

Listed1995-11-14

AddressTelkom Landmark Tower, Lantai 51

WebsiteVisit

Major Shareholders

PT DANANTARA ASSET MANAGEMENT

Saham Treasury

Masyarakat Warkat

Masyarakat Non Warkat

Angga Raka Prabowo

Yohanes Surya

Ira Noviarti

Rizal Mallarangeng

Silmy Karim

Ossy Dermawan

Score Summary

Good · 66%Overall Score

value

67%

competitive

94%

future

financials

75%

dividend

100%

Technical Rating

Strong SellBased on 26 indicators

4 Buy6 Neutral16 Sell

Key Statistics

Valuation

Market Cap

286.3T

P/E Ratio

14.04

P/B Ratio

2.22

P/S Ratio

2.07

EV/EBITDA

6.04

Profitability

ROE

+18.31%

ROA

+8.31%

Gross Margin

+58.68%

Op. Margin

+25.21%

Net Margin

+14.77%

Growth & Health

Rev Growth

—

EPS Growth

—

Div Yield

+681.00%

Debt/Equity

0.50

Current Ratio

0.77

EPS

219.34

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Valuation vs Peers

How PT Telkom Indonesia (Persero) Tbk compares to 0 peers in Telekomunikasi.

P/E Ratio

14.04x

P/B Ratio

2.22x

P/S Ratio

2.07x

EV/EBITDA

6.04x

Intrinsic Value

Undervalued by 30.3%

2.890

Price

3.765

Intrinsic

Current Price

Intrinsic Value

Valuation & Metrics

Ownership Structure

Peer Comparison

Financial Statements

Income Flow — 2025-09-30

Revenue

36.6T

COGS

-12.0T

Gross Profit

24.6T

OpEx

-15.2T

Op. Income

9.4T

Tax & Other

-4.6T

Net Income

4.8T

Net margin: 13.1% of revenue flows to net income.

Financial Statements

Metric	2025-09-30	2025-06-30
Revenue	36.6T	36.4T
Gross Profit	24.6T	24.1T
Operating Income	9.4T	9.8T
Net Income	4.8T	5.2T
EBITDA	18.5T	18.0T
Total Assets	291.9T	293.8T
Total Equity	155.0T	148.4T
Total Debt	77.7T	84.8T
Operating Cash Flow	—	—
Free Cash Flow	10.2T	10.1T

Dividend History

TTM Div Yield

+681.00%

Payout Ratio

—

EPS

219,34

Corporate Actions

Insider Trades

Broker Flow

Research Notes

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.

BullishKontan Market3 May

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.

BullishIDN Financials29 Apr

The Jakarta Composite Index (JCI) climbed 0.41% (28.83 points) to 7,101.23 on Wednesday, driven by a technical rebound from oversold levels and strong performance in the industrial sector, which lifted the IDXINDUST index 2.41%; notable gainers included PT Barito Renewables Energy Tbk (up 1.72%) and PT Telkom Indonesia (up 1.77%). Trading volume reached IDR 17.24 trillion across 42.97 billion shares, with 377 stocks advancing and 270 declining. Analysts warned that, despite the rise, the MACD remains negative and profit‑taking could intensify ahead of the upcoming long weekend.

NeutralIDN Financials29 Apr

BNY Mellon increased its holding in state‑owned telecom PT Telkom Indonesia (TLKM) to about 5.8 % after buying 15 million shares, while PT Henan Putihrai Asset Management raised its stake in property developer PT Surya Semesta Internusa (SSIA) to roughly 11.2 % by adding 500,000 shares. Other notable moves included Suhaelli Kalla’s jump to 30.3 % in PT Bukaka Teknik Utama (BUKK) and several portfolio adjustments in palm‑oil and energy firms. The transactions pushed several companies’ shareholdings above the 5 % disclosure threshold, signaling shifting ownership but did not trigger any immediate market‑wide price swings.

NeutralEmiten News21 Apr

The Jakarta Composite Index (IHSG) closed 0.52 % lower at 7,594 on April 20, 2026, with all sectoral indices weakening—property fell 2.04 %, energy 1.34 % and technology 1.29 %. Despite the decline, foreign investors posted a net purchase of about Rp380 billion, buying heavily in commodity and telecom stocks, led by PT Sawit Sumbermas Sarana (≈Rp202 bn), PT Telkom Indonesia (≈Rp166 bn) and PT Bumi Resources Minerals (≈Rp136 bn). The inflow helped offset broader selling pressure but was insufficient to prevent the overall market slide.

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Management

Board of Directors

Dian SiswariniDIREKTUR UTAMA

Budi Satria Dharma PurbaDIREKTUR

Willy SaelanDIREKTUR

Arthur Angelo SyailendraDIREKTUR

Veranita YosephineDIREKTUR

Board of Commissioners

Angga Raka PrabowoKOMISARIS UTAMA

Rofikoh RokhimKOMISARIS

Deswandhy AgusmanKOMISARIS

Rizal MalarangengKOMISARIS

Silmy KarimKOMISARIS