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TELKOM INDONESIA PERSERO-ADR (TLK) Stock Fundamental Analysis

NYSE:TLK - New York Stock Exchange, Inc. - US7156841063 - ADR - Currency: USD

17.15  -0.06 (-0.35%)

After market: 17.15 0 (0%)

Fundamental Rating

6

TLK gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 33 industry peers in the Diversified Telecommunication Services industry. While TLK belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TLK has a correct valuation and a medium growth rate. Finally TLK also has an excellent dividend rating. These ratings would make TLK suitable for dividend investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

TLK had positive earnings in the past year.
TLK had a positive operating cash flow in the past year.
In the past 5 years TLK has always been profitable.
Each year in the past 5 years TLK had a positive operating cash flow.
TLK Yearly Net Income VS EBIT VS OCF VS FCFTLK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20T 40T 60T

1.2 Ratios

TLK's Return On Assets of 7.89% is amongst the best of the industry. TLK outperforms 90.91% of its industry peers.
Looking at the Return On Equity, with a value of 16.64%, TLK belongs to the top of the industry, outperforming 84.85% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 14.33%, TLK belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TLK is significantly above the industry average of 7.05%.
Industry RankSector Rank
ROA 7.89%
ROE 16.64%
ROIC 14.33%
ROA(3y)8%
ROA(5y)8.27%
ROE(3y)16.93%
ROE(5y)18.29%
ROIC(3y)15.68%
ROIC(5y)16.3%
TLK Yearly ROA, ROE, ROICTLK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

TLK's Profit Margin of 15.77% is amongst the best of the industry. TLK outperforms 84.85% of its industry peers.
TLK's Profit Margin has improved in the last couple of years.
TLK has a better Operating Margin (28.45%) than 93.94% of its industry peers.
In the last couple of years the Operating Margin of TLK has declined.
TLK has a better Gross Margin (67.94%) than 78.79% of its industry peers.
In the last couple of years the Gross Margin of TLK has remained more or less at the same level.
Industry RankSector Rank
OM 28.45%
PM (TTM) 15.77%
GM 67.94%
OM growth 3Y-2.59%
OM growth 5Y-1.91%
PM growth 3Y-3.02%
PM growth 5Y2.75%
GM growth 3Y-0.88%
GM growth 5Y0.85%
TLK Yearly Profit, Operating, Gross MarginsTLK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

6

2. Health

2.1 Basic Checks

TLK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, TLK has about the same amount of shares outstanding.
TLK has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for TLK is higher compared to a year ago.
TLK Yearly Shares OutstandingTLK Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
TLK Yearly Total Debt VS Total AssetsTLK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50T 100T 150T 200T 250T

2.2 Solvency

An Altman-Z score of 2.55 indicates that TLK is not a great score, but indicates only limited risk for bankruptcy at the moment.
TLK has a Altman-Z score of 2.55. This is amongst the best in the industry. TLK outperforms 90.91% of its industry peers.
The Debt to FCF ratio of TLK is 2.16, which is a good value as it means it would take TLK, 2.16 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 2.16, TLK belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
A Debt/Equity ratio of 0.39 indicates that TLK is not too dependend on debt financing.
TLK has a Debt to Equity ratio of 0.39. This is in the better half of the industry: TLK outperforms 78.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 2.16
Altman-Z 2.55
ROIC/WACC1.52
WACC9.43%
TLK Yearly LT Debt VS Equity VS FCFTLK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50T 100T

2.3 Liquidity

TLK has a Current Ratio of 0.82. This is a bad value and indicates that TLK is not financially healthy enough and could expect problems in meeting its short term obligations.
TLK's Current ratio of 0.82 is on the low side compared to the rest of the industry. TLK is outperformed by 72.73% of its industry peers.
A Quick Ratio of 0.81 indicates that TLK may have some problems paying its short term obligations.
TLK has a Quick ratio of 0.81. This is in the lower half of the industry: TLK underperforms 72.73% of its industry peers.
TLK does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.81
TLK Yearly Current Assets VS Current LiabilitesTLK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20T 40T 60T

4

3. Growth

3.1 Past

The earnings per share for TLK have decreased by -3.23% in the last year.
TLK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.85% yearly.
Looking at the last year, TLK shows a small growth in Revenue. The Revenue has grown by 0.50% in the last year.
The Revenue has been growing slightly by 2.04% on average over the past years.
EPS 1Y (TTM)-3.23%
EPS 3Y-1.52%
EPS 5Y4.85%
EPS Q2Q%-4.01%
Revenue 1Y (TTM)0.5%
Revenue growth 3Y1.55%
Revenue growth 5Y2.04%
Sales Q2Q%-2.11%

3.2 Future

Based on estimates for the next years, TLK will show a small growth in Earnings Per Share. The EPS will grow by 6.52% on average per year.
The Revenue is expected to grow by 2.25% on average over the next years.
EPS Next Y8.34%
EPS Next 2Y6.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.24%
Revenue Next 2Y2.12%
Revenue Next 3Y2.25%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
TLK Yearly Revenue VS EstimatesTLK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50T 100T 150T
TLK Yearly EPS VS EstimatesTLK Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5K 10K 15K 20K 25K

6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 11.83, the valuation of TLK can be described as very reasonable.
Based on the Price/Earnings ratio, TLK is valued cheaply inside the industry as 81.82% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of TLK to the average of the S&P500 Index (26.17), we can say TLK is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.33, the valuation of TLK can be described as very reasonable.
Based on the Price/Forward Earnings ratio, TLK is valued cheaply inside the industry as 81.82% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of TLK to the average of the S&P500 Index (22.10), we can say TLK is valued rather cheaply.
Industry RankSector Rank
PE 11.83
Fwd PE 10.33
TLK Price Earnings VS Forward Price EarningsTLK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, TLK is valued a bit cheaper than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.79
EV/EBITDA N/A
TLK Per share dataTLK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

TLK's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
TLK has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.42
PEG (5Y)2.44
EPS Next 2Y6.52%
EPS Next 3YN/A

7

5. Dividend

5.1 Amount

TLK has a Yearly Dividend Yield of 6.49%, which is a nice return.
TLK's Dividend Yield is rather good when compared to the industry average which is at 5.08. TLK pays more dividend than 87.88% of the companies in the same industry.
TLK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 6.49%

5.2 History

The dividend of TLK has a limited annual growth rate of 1.73%.
TLK has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of TLK decreased in the last 3 years.
Dividend Growth(5Y)1.73%
Div Incr Years2
Div Non Decr Years2
TLK Yearly Dividends per shareTLK Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50 100 150

5.3 Sustainability

74.77% of the earnings are spent on dividend by TLK. This is not a sustainable payout ratio.
The dividend of TLK is growing, but earnings are growing more, so the dividend growth is sustainable.
DP74.77%
EPS Next 2Y6.52%
EPS Next 3YN/A
TLK Yearly Income VS Free CF VS DividendTLK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10T 20T 30T
TLK Dividend Payout.TLK Dividend Payout, showing the Payout Ratio.TLK Dividend Payout.PayoutRetained Earnings

TELKOM INDONESIA PERSERO-ADR

NYSE:TLK (5/28/2025, 8:04:00 PM)

After market: 17.15 0 (0%)

17.15

-0.06 (-0.35%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)04-30 2025-04-30/amc
Earnings (Next)07-28 2025-07-28
Inst Owners25.66%
Inst Owner Change4.57%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap16.99B
Analysts78.46
Price Target16.55 (-3.5%)
Short Float %0.63%
Short Ratio3.55
Dividend
Industry RankSector Rank
Dividend Yield 6.49%
Yearly Dividend1.1
Dividend Growth(5Y)1.73%
DP74.77%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.46%
Min EPS beat(2)-9.34%
Max EPS beat(2)4.43%
EPS beat(4)1
Avg EPS beat(4)-7.62%
Min EPS beat(4)-13.73%
Max EPS beat(4)4.43%
EPS beat(8)2
Avg EPS beat(8)-9.79%
EPS beat(12)2
Avg EPS beat(12)-14.01%
EPS beat(16)4
Avg EPS beat(16)-10.45%
Revenue beat(2)0
Avg Revenue beat(2)-4.88%
Min Revenue beat(2)-5.41%
Max Revenue beat(2)-4.35%
Revenue beat(4)0
Avg Revenue beat(4)-4.41%
Min Revenue beat(4)-5.41%
Max Revenue beat(4)-2.89%
Revenue beat(8)0
Avg Revenue beat(8)-5.39%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.27%
PT rev (3m)-6.67%
EPS NQ rev (1m)3.9%
EPS NQ rev (3m)3.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.14%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.87%
Revenue NY rev (3m)-2.09%
Valuation
Industry RankSector Rank
PE 11.83
Fwd PE 10.33
P/S 1.85
P/FCF 7.79
P/OCF 4.5
P/B 1.95
P/tB 2.09
EV/EBITDA N/A
EPS(TTM)1.45
EY8.45%
EPS(NY)1.66
Fwd EY9.68%
FCF(TTM)2.2
FCFY12.84%
OCF(TTM)3.81
OCFY22.22%
SpS9.28
BVpS8.79
TBVpS8.21
PEG (NY)1.42
PEG (5Y)2.44
Profitability
Industry RankSector Rank
ROA 7.89%
ROE 16.64%
ROCE 19.14%
ROIC 14.33%
ROICexc 16.86%
ROICexgc 17.7%
OM 28.45%
PM (TTM) 15.77%
GM 67.94%
FCFM 23.73%
ROA(3y)8%
ROA(5y)8.27%
ROE(3y)16.93%
ROE(5y)18.29%
ROIC(3y)15.68%
ROIC(5y)16.3%
ROICexc(3y)18.4%
ROICexc(5y)19.71%
ROICexgc(3y)19.29%
ROICexgc(5y)20.65%
ROCE(3y)20.82%
ROCE(5y)21.63%
ROICexcg growth 3Y-4.94%
ROICexcg growth 5Y-4.99%
ROICexc growth 3Y-5.1%
ROICexc growth 5Y-5.09%
OM growth 3Y-2.59%
OM growth 5Y-1.91%
PM growth 3Y-3.02%
PM growth 5Y2.75%
GM growth 3Y-0.88%
GM growth 5Y0.85%
F-Score6
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 2.16
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 17.34%
Interest Coverage -8.06
Cash Conversion N/A
Profit Quality 150.51%
Current Ratio 0.82
Quick Ratio 0.81
Altman-Z 2.55
F-Score6
WACC9.43%
ROIC/WACC1.52
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)21.24%
Cap/Sales(5y)21.22%
Profit Quality(3y)148.17%
Profit Quality(5y)154.49%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.23%
EPS 3Y-1.52%
EPS 5Y4.85%
EPS Q2Q%-4.01%
EPS Next Y8.34%
EPS Next 2Y6.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.5%
Revenue growth 3Y1.55%
Revenue growth 5Y2.04%
Sales Q2Q%-2.11%
Revenue Next Year1.24%
Revenue Next 2Y2.12%
Revenue Next 3Y2.25%
Revenue Next 5YN/A
EBIT growth 1Y-5.54%
EBIT growth 3Y-1.08%
EBIT growth 5Y0.09%
EBIT Next Year78.13%
EBIT Next 3Y23.06%
EBIT Next 5YN/A
FCF growth 1Y31.93%
FCF growth 3Y-2.7%
FCF growth 5Y12.52%
OCF growth 1Y1.68%
OCF growth 3Y-3.41%
OCF growth 5Y2.31%