Executive Summary
PT XL Axiata Tbk provides telecommunication, telecommunications network, and multimedia services for consumers and businesses in Indonesia.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has XL Axiata's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EXCL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
12.9%
EXCL
7.5%
ID Wireless Telecom
8.4%
ID Market
1 Year Return
-33.3%
EXCL
-7.9%
ID Wireless Telecom
-30.6%
ID Market
Return vs Industry: EXCL underperformed the ID Wireless Telecom industry which returned -8.4% over the past year.
Return vs Market: EXCL underperformed the ID Market which returned -31.6% over the past year.
Shareholder returns
| EXCL | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.9% | 7.5% | 8.4% |
| 30 Day | -26.8% | -7.2% | -18.2% |
| 90 Day | -44.6% | -7.2% | -29.0% |
| 1 Year | -33.3%-33.3% | -4.9%-7.9% | -28.4%-30.6% |
| 3 Year | -41.2%-41.2% | -3.7%-14.9% | -15.7%-21.8% |
| 5 Year | -57.3%-57.8% | -9.0%-17.8% | -8.0%-18.1% |
Price Volatility Vs. Market
How volatile is XL Axiata's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is XL Axiata undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EXCL (IDR1800) is trading below our estimate of fair value (IDR5322.69)
Significantly Below Fair Value: EXCL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EXCL is poor value based on its PE Ratio (27x) compared to the Wireless Telecom industry average (14.6x).
PE vs Market: EXCL is poor value based on its PE Ratio (27x) compared to the ID market (10.9x).
Price to Earnings Growth Ratio
PEG Ratio: EXCL is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: EXCL is good value based on its PB Ratio (1x) compared to the XA Wireless Telecom industry average (1.5x).
Next Steps
Future Growth
How is XL Axiata forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
26.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EXCL's forecast earnings growth (26.6% per year) is above the savings rate (7.1%).
Earnings vs Market: EXCL's earnings (26.6% per year) are forecast to grow faster than the ID market (11.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EXCL's revenue (5.6% per year) is forecast to grow slower than the ID market (9.3% per year).
High Growth Revenue: EXCL's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EXCL's Return on Equity is forecast to be low in 3 years time (9.6%).
Next Steps
Past Performance
How has XL Axiata performed over the past 5 years?
-26.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EXCL has a large one-off gain of IDR422.9B impacting its December 31 2019 financial results.
Growing Profit Margin: EXCL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: EXCL has become profitable over the past 5 years, growing earnings by -26.1% per year.
Accelerating Growth: EXCL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: EXCL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (4.3%).
Return on Equity
High ROE: EXCL's Return on Equity (3.7%) is considered low.
Next Steps
Financial Health
How is XL Axiata's financial position?
Financial Position Analysis
Short Term Liabilities: EXCL's short term assets (IDR7,145.6B) do not cover its short term liabilities (IDR21,292.7B).
Long Term Liabilities: EXCL's short term assets (IDR7,145.6B) do not cover its long term liabilities (IDR22,310.6B).
Debt to Equity History and Analysis
Debt Level: EXCL's debt to equity ratio (67%) is considered high.
Reducing Debt: EXCL's debt to equity ratio has reduced from 211.1% to 67% over the past 5 years.
Balance Sheet
Inventory Level: EXCL has a high level of physical assets or inventory.
Debt Coverage by Assets: EXCL's debt is not covered by short term assets (assets are 0.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: EXCL is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: EXCL is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is XL Axiata's current dividend yield, its reliability and sustainability?
3.18%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EXCL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate EXCL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EXCL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EXCL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: EXCL is not paying a notable dividend for the ID market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EXCL's dividend in 3 years as they are not forecast to pay a notable one for the ID market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Dian Siswarini (50yo)
4.92s
Tenure
Ms. Dian Siswarini has been President Director and Chief Executive Officer of PT XL Axiata Tbk (also know as ExcelCom) since April 1, 2015 and served as is Vice President Director. Ms. Siswarini served as ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President Director & CEO | 4.92yrs | no data | 0.036% IDR6.9b | |
| CFO & Director | 8.5yrs | no data | 0.011% IDR2.2b | |
| General Manager of Financial Accounting & Treasury | no data | no data | no data | |
| Investor Relations Executive | 5yrs | no data | no data | |
| Senior General Manager of Legal | no data | no data | no data | |
| Vice President of Network Planning & Development | no data | no data | no data | |
| Head of Digital Svcs Mgmt | 5.83yrs | no data | no data | |
| Chief Strategic Partnership Officer | no data | no data | no data | |
| Chief Revenue Management Officer | 4.58yrs | no data | no data | |
| Vice President of Strategic Finance | 4.83yrs | no data | no data |
5.0yrs
Average Tenure
46yo
Average Age
Experienced Management: EXCL's management team is considered experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President Director & CEO | 4.92yrs | no data | 0.036% IDR6.9b | |
| CFO & Director | 8.5yrs | no data | 0.011% IDR2.2b | |
| Commissioner | 11.92yrs | no data | no data | |
| Independent Commissioner | 2.58yrs | no data | no data | |
| Commissioner | 11.67yrs | no data | no data | |
| President Commissioner | 3.5yrs | no data | no data | |
| Independent Commissioner | 8.92yrs | no data | no data | |
| Director | 2.58yrs | no data | no data | |
| Independent Director | 4yrs | no data | 0.0039% IDR748.4m | |
| Director | 2.58yrs | no data | no data |
4.5yrs
Average Tenure
52yo
Average Age
Experienced Board: EXCL's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PT XL Axiata Tbk's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PT XL Axiata Tbk
- Ticker: EXCL
- Exchange: IDX
- Founded: 1989
- Industry: Wireless Telecommunication Services
- Sector: Telecom
- Market Cap: Rp19.238t
- Shares outstanding: 10.69b
- Website: https://www.xl.co.id
Number of Employees
Location
- PT XL Axiata Tbk
- XL Axiata Tower
- Jl. HR Rasuna Said X5 Kav. 11 - 12
- Jakarta Selatan
- Jakarta Raya
- 12950
- Indonesia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EXCL | IDX (Indonesia Stock Exchange) | Yes | Ordinary Shares | ID | IDR | Sep 2005 |
| E5F | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 2005 |
| PTXK.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Mar 2012 |
Biography
PT XL Axiata Tbk provides telecommunication, telecommunications network, and multimedia services for consumers and businesses in Indonesia. The company offers basic telephony services on cellular mobile network; Internet services provider services; closed fixed network services; Internet telephony services for public interest license; and Internet interconnection services, as well as packet switched local fixed network license services. It also provides CUG-GSM, roaming, PABX integration, voice over Internet protocol, and SMS broadcasting services; corporate data services; leased line, IP/VPN-MPLS, NAP/ISP, metro Ethernet, and collocation services; and machine to machine services, such as automatic meter reading, electronic data capture, enterprise mobile solution, vehicle tracking, mobile surveillance, and personal tracker services. In addition, the company offers mobile advertising through SMS, MMS, and display channels; cloud server and storage services; and digital merchant services. PT XL Axiata Tbk serves small and medium businesses; and enterprises in government, manufacturing, services, transportation, banking, and wholesale industries. The company was formerly known as PT Excelcomindo Pratama Tbk. and changed its name to PT XL Axiata Tbk in 2009. The company was founded in 1989 and is headquartered in Jakarta Selatan, Indonesia. PT XL Axiata Tbk is a subsidiary of Axiata Investments (Indonesia) Sdn. Bhd.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/28 15:41 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.