View ValuationTower Bersama Infrastructure 향후 성장Future 기준 점검 1/6Tower Bersama Infrastructure (는) 각각 연간 5.6% 및 2.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 4.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 13% 로 예상됩니다.핵심 정보5.6%이익 성장률4.83%EPS 성장률Telecom 이익 성장21.2%매출 성장률2.1%향후 자기자본이익률13.00%애널리스트 커버리지Good마지막 업데이트08 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • May 02First quarter 2026 earnings released: EPS: Rp17.43 (vs Rp18.52 in 1Q 2025)First quarter 2026 results: EPS: Rp17.43 (down from Rp18.52 in 1Q 2025). Revenue: Rp1.72t (flat on 1Q 2025). Net income: Rp390.1b (down 5.6% from 1Q 2025). Profit margin: 23% (down from 24% in 1Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.공시 • May 01PT Tower Bersama Infrastructure Tbk, Annual General Meeting, Jun 09, 2026PT Tower Bersama Infrastructure Tbk, Annual General Meeting, Jun 09, 2026.Buy Or Sell Opportunity • Apr 08Now 20% overvaluedOver the last 90 days, the stock has fallen 30% to €0.078. The fair value is estimated to be €0.065, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.9%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 5.0% per annum over the same time period.New Risk • Mar 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Buy Or Sell Opportunity • Jan 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 36% to €0.10. The fair value is estimated to be €0.085, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 4.1% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.New Risk • Dec 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: Rp12.80 (vs Rp19.35 in 3Q 2024)Third quarter 2025 results: EPS: Rp12.80 (down from Rp19.35 in 3Q 2024). Revenue: Rp1.71t (flat on 3Q 2024). Net income: Rp285.6b (down 35% from 3Q 2024). Profit margin: 17% (down from 26% in 3Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: Rp18.35 (vs Rp16.83 in 2Q 2024)Second quarter 2025 results: EPS: Rp18.35 (up from Rp16.83 in 2Q 2024). Revenue: Rp1.72t (flat on 2Q 2024). Net income: Rp409.2b (up 7.4% from 2Q 2024). Profit margin: 24% (up from 22% in 2Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.공시 • Jul 11Mitratel Reportedly to Weigh Reviving $5.5 Billion Bersama MergerIndonesian telecommunications tower company PT Dayamitra Telekomunikasi Tbk. (IDX:MTEL) is considering reviving a merger with rival PT Tower Bersama Infrastructure Tbk (IDX:TBIG), people familiar with the matter said, which would mark the second such attempt in a decade. The companies, both listed in Jakarta, have held early talks with prospective advisers about the merits of a potential combination that could create an entity worth about IDR 90 trillion ($5.5 billion), the people said, asking not to be identified because the deliberations are private. Shares of Dayamitra, known as Mitratel, have fallen about 17% this year, giving it a market value of roughly IDR 45 trillion. Tower Bersama’s stock has dropped about 4%, valuing it at IDR 45.8 trillion. This would be the second attempt to merge the two tower firms, after a previous plan fell apart in 2015. It would also follow a wave of consolidation in the telecoms sector in Indonesia. Some recent deals include a $6.5 billion merger between PT XL Axiata and PT Smartfren Telecom, and a similar move by CK Hutchison Holdings Ltd. and Qatar’s Ooredoo QPSC, which combined their local businesses in 2022 in a $6 billion transaction to create PT Indosat. Mitratel — which is about 72% controlled by PT Telkom Indonesia Persero — owns and manages more than 39,400 towers, according to its latest annual report. Indonesia’s government holds roughly 52% Telkom through the nation’s sovereign wealth fund Danantara. Tower Bersama, established in 2004 and listed on the Jakarta stock exchange six years later, has more 23,000 telecom sites, according to its website. The company is majority-owned by Bersama Digital Infrastructure Asia Pte, a platform controlled by Provident Capital and PT Saratoga Investama Sedaya. Macquarie Group Ltd.’s asset management arm also holds a significant minority stake in Bersama Digital after it invested around $610 million in 2022. Considerations about a potential merger of Mitratel and Bersama are at an early stage and there’s no certainty there will be a deal, the people said. Representatives for Tower Bersama, Mitratel and Danantara didn’t reply to requests for comment, while Telkom declined to comment.Reported Earnings • May 31First quarter 2025 earnings released: EPS: Rp18.52 (vs Rp15.46 in 1Q 2024)First quarter 2025 results: EPS: Rp18.52 (up from Rp15.46 in 1Q 2024). Revenue: Rp1.73t (up 1.6% from 1Q 2024). Net income: Rp413.4b (up 18% from 1Q 2024). Profit margin: 24% (up from 21% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.공시 • May 05PT Tower Bersama Infrastructure Tbk, Annual General Meeting, Jun 10, 2025PT Tower Bersama Infrastructure Tbk, Annual General Meeting, Jun 10, 2025.New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change).Buy Or Sell Opportunity • Apr 08Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to €0.076. The fair value is estimated to be €0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 5.3%.Reported Earnings • Nov 03Third quarter 2024 earnings released: EPS: Rp19.35 (vs Rp18.96 in 3Q 2023)Third quarter 2024 results: EPS: Rp19.35 (up from Rp18.96 in 3Q 2023). Revenue: Rp1.71t (up 2.4% from 3Q 2023). Net income: Rp436.6b (up 1.6% from 3Q 2023). Profit margin: 26% (in line with 3Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Nov 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.9% to €0.088. The fair value is estimated to be €0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.Buy Or Sell Opportunity • Sep 19Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to €0.091. The fair value is estimated to be €0.076, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.Buy Or Sell Opportunity • Aug 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.3% to €0.09. The fair value is estimated to be €0.075, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: Rp16.84 (vs Rp15.75 in 2Q 2023)Second quarter 2024 results: EPS: Rp16.84 (up from Rp15.75 in 2Q 2023). Revenue: Rp1.71t (up 2.9% from 2Q 2023). Net income: Rp381.0b (up 6.8% from 2Q 2023). Profit margin: 22% (in line with 2Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Reported Earnings • May 07First quarter 2024 earnings released: EPS: Rp15.45 (vs Rp14.81 in 1Q 2023)First quarter 2024 results: EPS: Rp15.45 (up from Rp14.81 in 1Q 2023). Revenue: Rp1.70t (up 5.4% from 1Q 2023). Net income: Rp349.8b (up 5.4% from 1Q 2023). Profit margin: 21% (in line with 1Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 01Full year 2023 earnings released: EPS: Rp69.11 (vs Rp73.44 in FY 2022)Full year 2023 results: EPS: Rp69.11 (down from Rp73.44 in FY 2022). Revenue: Rp6.64t (up 1.8% from FY 2022). Net income: Rp1.56t (down 4.7% from FY 2022). Profit margin: 24% (down from 25% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: Rp18.96 (vs Rp17.51 in 3Q 2022)Third quarter 2023 results: EPS: Rp18.96 (up from Rp17.51 in 3Q 2022). Revenue: Rp1.67t (up 3.4% from 3Q 2022). Net income: Rp429.6b (up 8.3% from 3Q 2022). Profit margin: 26% (up from 25% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: Rp15.75 (vs Rp18.36 in 2Q 2022)Second quarter 2023 results: EPS: Rp15.75 (down from Rp18.36 in 2Q 2022). Revenue: Rp1.66t (flat on 2Q 2022). Net income: Rp356.8b (down 13% from 2Q 2022). Profit margin: 22% (down from 25% in 2Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year.Reported Earnings • Nov 25Third quarter 2022 earnings released: EPS: Rp17.51 (vs Rp19.31 in 3Q 2021)Third quarter 2022 results: EPS: Rp17.51 (down from Rp19.31 in 3Q 2021). Revenue: Rp1.62t (up 1.8% from 3Q 2021). Net income: Rp396.7b (down 5.0% from 3Q 2021). Profit margin: 25% (down from 26% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Heri Sunaryadi was the last independent director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Oct 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be €0.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.Reported Earnings • Sep 15Second quarter 2022 earnings released: EPS: Rp17.75 (vs Rp17.74 in 2Q 2021)Second quarter 2022 results: EPS: Rp17.75 (up from Rp17.74 in 2Q 2021). Revenue: Rp1.66t (up 7.3% from 2Q 2021). Net income: Rp410.9b (up 3.4% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 35% per year.Upcoming Dividend • May 29Upcoming dividend of Rp36.00 per shareEligible shareholders must have bought the stock before 03 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (3.3%).Reported Earnings • May 26First quarter 2022 earnings released: EPS: Rp19.91 (vs Rp12.75 in 1Q 2021)First quarter 2022 results: EPS: Rp19.91 (up from Rp12.75 in 1Q 2021). Revenue: Rp1.64t (up 15% from 1Q 2021). Net income: Rp415.3b (up 56% from 1Q 2021). Profit margin: 25% (up from 19% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.1%, compared to a 2.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Commissioner Ludovicus Wondabio was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Dec 10Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: Rp20.02 (up from Rp11.36 in 3Q 2020). Revenue: Rp1.59t (up 17% from 3Q 2020). Net income: Rp417.7b (up 76% from 3Q 2020). Profit margin: 26% (up from 17% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 10.0%, compared to a 1.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Sep 04Second quarter 2021 earnings released: EPS Rp19.04 (vs Rp13.52 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp1.55t (up 18% from 2Q 2020). Net income: Rp397.4b (up 41% from 2Q 2020). Profit margin: 26% (up from 21% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.Reported Earnings • Jun 09First quarter 2021 earnings releasedThe company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: Rp1.42t (up 13% from 1Q 2020). Net income: Rp265.9b (up 16% from 1Q 2020). Profit margin: 19% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings.Reported Earnings • Apr 30Full year 2020 earnings released: EPS Rp48.40 (vs Rp39.26 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp5.33t (up 13% from FY 2019). Net income: Rp1.01t (up 23% from FY 2019). Profit margin: 19% (up from 17% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.Reported Earnings • Oct 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of Rp955.0b, up 42% from the prior year. Total revenue was Rp5.17t over the last 12 months, up 12% from the prior year.이익 및 매출 성장 예측BST:6TB - 애널리스트 향후 추정치 및 과거 재무 데이터 (IDR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20287,286,6251,645,0002,696,0005,232,000512/31/20277,196,0581,532,0062,463,4234,287,000812/31/20267,031,5401,452,1972,167,7734,816,66783/31/20266,895,8741,403,5373,333,8595,523,334N/A12/31/20256,909,6291,426,8363,275,4805,224,152N/A9/30/20256,903,3071,302,5323,899,7075,678,931N/A6/30/20256,903,7491,453,4723,552,3915,365,659N/A3/31/20256,894,3681,425,1803,162,8485,187,248N/A12/31/20246,867,3991,361,6243,007,1715,129,477N/A9/30/20246,814,6581,609,3012,801,8064,960,807N/A6/30/20246,775,0601,602,3092,722,7874,808,224N/A3/31/20246,727,4541,578,1492,849,2494,863,859N/A12/31/20236,640,6451,560,3072,231,5174,381,589N/A9/30/20236,555,2331,533,1142,095,2334,668,387N/A6/30/20236,500,6781,500,2321,163,2854,191,515N/A3/31/20236,500,7031,554,3071,066,2954,476,232N/A12/31/20226,524,3691,637,5791,471,8304,809,339N/A9/30/20226,539,6831,690,857844,3674,311,352N/A6/30/20226,511,7571,711,8511,400,3744,306,782N/A3/31/20226,398,9551,698,345-1,499,0194,228,027N/A12/31/20216,179,5841,548,975-1,484,2454,465,282N/A9/30/20215,952,2731,343,133-872,3694,055,842N/A6/30/20215,721,7161,162,409-329,5804,433,983N/A3/31/20215,487,9161,046,9912,132,0013,558,222N/A12/31/20205,327,6891,009,6252,431,6333,786,457N/A9/30/20205,166,675954,9572,216,4653,854,835N/A6/30/20204,998,735947,7971,728,6143,500,431N/A3/31/20204,829,583829,9302,033,1204,195,192N/A12/31/20194,698,742819,454N/A3,691,417N/A9/30/20194,619,681669,089N/A3,876,062N/A6/30/20194,516,956659,745N/A3,640,934N/A3/31/20194,412,892665,033N/A2,972,570N/A12/31/20184,318,137680,581N/A3,239,952N/A9/30/20184,215,7472,289,676N/A3,451,453N/A6/30/20184,160,8422,345,064N/A3,359,802N/A3/31/20184,103,4062,348,518N/A4,303,240N/A12/31/20174,023,0852,316,368N/A3,185,893N/A9/30/20173,926,614425,796N/A3,142,652N/A6/30/20173,833,957246,094N/A3,601,509N/A3/31/20173,765,685168,597N/A3,799,374N/A12/31/20163,711,174713,807N/A3,773,978N/A9/30/20163,639,7361,715,959N/A3,443,614N/A6/30/20163,566,9901,796,782N/A2,705,185N/A3/31/20163,495,3361,766,336N/A2,170,349N/A12/31/20153,421,1771,429,903N/A2,218,480N/A9/30/20153,416,132214,382N/A2,266,162N/A6/30/20153,397,610512,208N/A2,997,223N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 6TB 의 연간 예상 수익 증가율(5.6%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 6TB 의 연간 수익(5.6%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 6TB 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 6TB 의 수익(연간 2.1%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 6TB 의 수익(연간 2.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 6TB의 자본 수익률은 3년 후 13%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTelecom 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 15:34종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스PT Tower Bersama Infrastructure Tbk는 20명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Roshan BeheraBofA Global ResearchBob SetiadiCGS InternationalArthur PinedaCitigroup Inc17명의 분석가 더 보기
Reported Earnings • May 02First quarter 2026 earnings released: EPS: Rp17.43 (vs Rp18.52 in 1Q 2025)First quarter 2026 results: EPS: Rp17.43 (down from Rp18.52 in 1Q 2025). Revenue: Rp1.72t (flat on 1Q 2025). Net income: Rp390.1b (down 5.6% from 1Q 2025). Profit margin: 23% (down from 24% in 1Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
공시 • May 01PT Tower Bersama Infrastructure Tbk, Annual General Meeting, Jun 09, 2026PT Tower Bersama Infrastructure Tbk, Annual General Meeting, Jun 09, 2026.
Buy Or Sell Opportunity • Apr 08Now 20% overvaluedOver the last 90 days, the stock has fallen 30% to €0.078. The fair value is estimated to be €0.065, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.9%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 5.0% per annum over the same time period.
New Risk • Mar 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Buy Or Sell Opportunity • Jan 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 36% to €0.10. The fair value is estimated to be €0.085, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.5%. Revenue is forecast to grow by 4.1% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.
New Risk • Dec 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: Rp12.80 (vs Rp19.35 in 3Q 2024)Third quarter 2025 results: EPS: Rp12.80 (down from Rp19.35 in 3Q 2024). Revenue: Rp1.71t (flat on 3Q 2024). Net income: Rp285.6b (down 35% from 3Q 2024). Profit margin: 17% (down from 26% in 3Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.
Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: Rp18.35 (vs Rp16.83 in 2Q 2024)Second quarter 2025 results: EPS: Rp18.35 (up from Rp16.83 in 2Q 2024). Revenue: Rp1.72t (flat on 2Q 2024). Net income: Rp409.2b (up 7.4% from 2Q 2024). Profit margin: 24% (up from 22% in 2Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
공시 • Jul 11Mitratel Reportedly to Weigh Reviving $5.5 Billion Bersama MergerIndonesian telecommunications tower company PT Dayamitra Telekomunikasi Tbk. (IDX:MTEL) is considering reviving a merger with rival PT Tower Bersama Infrastructure Tbk (IDX:TBIG), people familiar with the matter said, which would mark the second such attempt in a decade. The companies, both listed in Jakarta, have held early talks with prospective advisers about the merits of a potential combination that could create an entity worth about IDR 90 trillion ($5.5 billion), the people said, asking not to be identified because the deliberations are private. Shares of Dayamitra, known as Mitratel, have fallen about 17% this year, giving it a market value of roughly IDR 45 trillion. Tower Bersama’s stock has dropped about 4%, valuing it at IDR 45.8 trillion. This would be the second attempt to merge the two tower firms, after a previous plan fell apart in 2015. It would also follow a wave of consolidation in the telecoms sector in Indonesia. Some recent deals include a $6.5 billion merger between PT XL Axiata and PT Smartfren Telecom, and a similar move by CK Hutchison Holdings Ltd. and Qatar’s Ooredoo QPSC, which combined their local businesses in 2022 in a $6 billion transaction to create PT Indosat. Mitratel — which is about 72% controlled by PT Telkom Indonesia Persero — owns and manages more than 39,400 towers, according to its latest annual report. Indonesia’s government holds roughly 52% Telkom through the nation’s sovereign wealth fund Danantara. Tower Bersama, established in 2004 and listed on the Jakarta stock exchange six years later, has more 23,000 telecom sites, according to its website. The company is majority-owned by Bersama Digital Infrastructure Asia Pte, a platform controlled by Provident Capital and PT Saratoga Investama Sedaya. Macquarie Group Ltd.’s asset management arm also holds a significant minority stake in Bersama Digital after it invested around $610 million in 2022. Considerations about a potential merger of Mitratel and Bersama are at an early stage and there’s no certainty there will be a deal, the people said. Representatives for Tower Bersama, Mitratel and Danantara didn’t reply to requests for comment, while Telkom declined to comment.
Reported Earnings • May 31First quarter 2025 earnings released: EPS: Rp18.52 (vs Rp15.46 in 1Q 2024)First quarter 2025 results: EPS: Rp18.52 (up from Rp15.46 in 1Q 2024). Revenue: Rp1.73t (up 1.6% from 1Q 2024). Net income: Rp413.4b (up 18% from 1Q 2024). Profit margin: 24% (up from 21% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
공시 • May 05PT Tower Bersama Infrastructure Tbk, Annual General Meeting, Jun 10, 2025PT Tower Bersama Infrastructure Tbk, Annual General Meeting, Jun 10, 2025.
New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change).
Buy Or Sell Opportunity • Apr 08Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to €0.076. The fair value is estimated to be €0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 5.3%.
Reported Earnings • Nov 03Third quarter 2024 earnings released: EPS: Rp19.35 (vs Rp18.96 in 3Q 2023)Third quarter 2024 results: EPS: Rp19.35 (up from Rp18.96 in 3Q 2023). Revenue: Rp1.71t (up 2.4% from 3Q 2023). Net income: Rp436.6b (up 1.6% from 3Q 2023). Profit margin: 26% (in line with 3Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Nov 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.9% to €0.088. The fair value is estimated to be €0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 21% in the next 2 years.
Buy Or Sell Opportunity • Sep 19Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to €0.091. The fair value is estimated to be €0.076, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
Buy Or Sell Opportunity • Aug 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 2.3% to €0.09. The fair value is estimated to be €0.075, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to grow by 19% in the next 2 years.
Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: Rp16.84 (vs Rp15.75 in 2Q 2023)Second quarter 2024 results: EPS: Rp16.84 (up from Rp15.75 in 2Q 2023). Revenue: Rp1.71t (up 2.9% from 2Q 2023). Net income: Rp381.0b (up 6.8% from 2Q 2023). Profit margin: 22% (in line with 2Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Reported Earnings • May 07First quarter 2024 earnings released: EPS: Rp15.45 (vs Rp14.81 in 1Q 2023)First quarter 2024 results: EPS: Rp15.45 (up from Rp14.81 in 1Q 2023). Revenue: Rp1.70t (up 5.4% from 1Q 2023). Net income: Rp349.8b (up 5.4% from 1Q 2023). Profit margin: 21% (in line with 1Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 01Full year 2023 earnings released: EPS: Rp69.11 (vs Rp73.44 in FY 2022)Full year 2023 results: EPS: Rp69.11 (down from Rp73.44 in FY 2022). Revenue: Rp6.64t (up 1.8% from FY 2022). Net income: Rp1.56t (down 4.7% from FY 2022). Profit margin: 24% (down from 25% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).
Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: Rp18.96 (vs Rp17.51 in 3Q 2022)Third quarter 2023 results: EPS: Rp18.96 (up from Rp17.51 in 3Q 2022). Revenue: Rp1.67t (up 3.4% from 3Q 2022). Net income: Rp429.6b (up 8.3% from 3Q 2022). Profit margin: 26% (up from 25% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: Rp15.75 (vs Rp18.36 in 2Q 2022)Second quarter 2023 results: EPS: Rp15.75 (down from Rp18.36 in 2Q 2022). Revenue: Rp1.66t (flat on 2Q 2022). Net income: Rp356.8b (down 13% from 2Q 2022). Profit margin: 22% (down from 25% in 2Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year.
Reported Earnings • Nov 25Third quarter 2022 earnings released: EPS: Rp17.51 (vs Rp19.31 in 3Q 2021)Third quarter 2022 results: EPS: Rp17.51 (down from Rp19.31 in 3Q 2021). Revenue: Rp1.62t (up 1.8% from 3Q 2021). Net income: Rp396.7b (down 5.0% from 3Q 2021). Profit margin: 25% (down from 26% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Independent Commissioner Heri Sunaryadi was the last independent director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Oct 24Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be €0.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.
Reported Earnings • Sep 15Second quarter 2022 earnings released: EPS: Rp17.75 (vs Rp17.74 in 2Q 2021)Second quarter 2022 results: EPS: Rp17.75 (up from Rp17.74 in 2Q 2021). Revenue: Rp1.66t (up 7.3% from 2Q 2021). Net income: Rp410.9b (up 3.4% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 35% per year.
Upcoming Dividend • May 29Upcoming dividend of Rp36.00 per shareEligible shareholders must have bought the stock before 03 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (3.3%).
Reported Earnings • May 26First quarter 2022 earnings released: EPS: Rp19.91 (vs Rp12.75 in 1Q 2021)First quarter 2022 results: EPS: Rp19.91 (up from Rp12.75 in 1Q 2021). Revenue: Rp1.64t (up 15% from 1Q 2021). Net income: Rp415.3b (up 56% from 1Q 2021). Profit margin: 25% (up from 19% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.1%, compared to a 2.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Commissioner Ludovicus Wondabio was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Dec 10Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: Rp20.02 (up from Rp11.36 in 3Q 2020). Revenue: Rp1.59t (up 17% from 3Q 2020). Net income: Rp417.7b (up 76% from 3Q 2020). Profit margin: 26% (up from 17% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 10.0%, compared to a 1.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Sep 04Second quarter 2021 earnings released: EPS Rp19.04 (vs Rp13.52 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp1.55t (up 18% from 2Q 2020). Net income: Rp397.4b (up 41% from 2Q 2020). Profit margin: 26% (up from 21% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.
Reported Earnings • Jun 09First quarter 2021 earnings releasedThe company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: Rp1.42t (up 13% from 1Q 2020). Net income: Rp265.9b (up 16% from 1Q 2020). Profit margin: 19% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 30Full year 2020 earnings released: EPS Rp48.40 (vs Rp39.26 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: Rp5.33t (up 13% from FY 2019). Net income: Rp1.01t (up 23% from FY 2019). Profit margin: 19% (up from 17% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of Rp955.0b, up 42% from the prior year. Total revenue was Rp5.17t over the last 12 months, up 12% from the prior year.