Dayamitra Telekomunikasi (IDX:MTEL) - Share price, News & Analysis

Q: What is the Fair Price of MTEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MTEL (IDR785) is trading below our estimate of [[fair value]] (IDR1081.62)

MTEL fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	5/6
Financial Health	5/6
Dividends	0/6

MTEL Stock Overview

PT Dayamitra Telekomunikasi Tbk. provides telecommunication infrastructure solutions.

Rewards

Trading at 27.4% below our estimate of its fair value

Earnings are forecast to grow 19.97% per year

Earnings grew by 36.8% over the past year

Risk Analysis

No risks detected for MTEL from our risk checks.

Dayamitra Telekomunikasi Competitors

Tower Bersama Infrastructure

IDX:TBIG

Rp64.7t

Sarana Menara Nusantara

IDX:TOWR

Rp62.2t

Inti Bangun Sejahtera

IDX:IBST

Rp11.8t

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

IDX:TLKM

Rp436.9t

Price History & Performance

Summary of all time highs, changes and price drops for Dayamitra Telekomunikasi
Historical stock prices
Current Share Price	Rp785.00
52 Week High	Rp890.00
52 Week Low	Rp640.00
Beta	0
1 Month Change	9.79%
3 Month Change	18.05%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	2.61%

Shareholder Returns

	MTEL	ID Telecom	ID Market
7D	2.6%	-3.2%	-0.2%
1Y	n/a	27.6%	13.3%

Return vs Industry: Insufficient data to determine how MTEL performed against the ID Telecom industry.

Return vs Market: Insufficient data to determine how MTEL performed against the ID Market.

Price Volatility

Is MTEL's price volatile compared to industry and market?
MTEL volatility
MTEL Average Weekly Movement	2.9%
Telecom Industry Average Movement	5.3%
Market Average Movement	5.9%
10% most volatile stocks in ID Market	11.4%
10% least volatile stocks in ID Market	2.9%

Stable Share Price: MTEL is less volatile than 75% of ID stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MTEL's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	336	Theodorus Hartoko	https://www.mitratel.co.id

PT Dayamitra Telekomunikasi Tbk. provides telecommunication infrastructure solutions. It operates in two segments: Telecommunication Tower Lease and Others. The company operates and maintains macro and small cells, colocations, and resellers.

Dayamitra Telekomunikasi Fundamentals Summary

How do Dayamitra Telekomunikasi's earnings and revenue compare to its market cap?
MTEL fundamental statistics
Market Cap	Rp65.47t
Earnings (TTM)	Rp1.57t
Revenue (TTM)	Rp7.37t

41.6x

P/E Ratio

8.9x

P/S Ratio

Is MTEL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MTEL income statement (TTM)
Revenue	Rp7.37t
Cost of Revenue	Rp341.61b
Gross Profit	Rp7.03t
Other Expenses	Rp5.46t
Earnings	Rp1.57t

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	18.85
Gross Margin	95.36%
Net Profit Margin	21.33%
Debt/Equity Ratio	44.3%

How did MTEL perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is MTEL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MTEL?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MTEL. This is calculated by dividing MTEL's market cap by their current preferred multiple.
What is MTEL's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	Rp65.47t

MTEL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	8.8x
Enterprise Value/EBITDA	14.2x
PEG Ratio	2.1x

Price to Earnings Ratio vs Peers

How does MTEL's PE Ratio compare to its peers?

MTEL PE Ratio vs Peers

The above table shows the PE ratio for MTEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	63.9x
TBIG Tower Bersama Infrastructure	38.1x	12.1%	Rp64.7t
TOWR Sarana Menara Nusantara	17.8x	8.8%	Rp62.2t
IBST Inti Bangun Sejahtera	180.5x	n/a	Rp11.8t
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia	17.1x	7.3%	Rp436.9t
MTEL Dayamitra Telekomunikasi	41.6x	20.0%	Rp65.5t

Price-To-Earnings vs Peers: MTEL is good value based on its Price-To-Earnings Ratio (41.6x) compared to the peer average (63.9x).

Price to Earnings Ratio vs Industry

How does MTEL's PE Ratio compare vs other companies in the Asian Telecom Industry?

Price-To-Earnings vs Industry: MTEL is expensive based on its Price-To-Earnings Ratio (41.6x) compared to the ID Telecom industry average (23.9x)

Price to Earnings Ratio vs Fair Ratio

What is MTEL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MTEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	41.6x
Fair PE Ratio	17.2x

Price-To-Earnings vs Fair Ratio: MTEL is expensive based on its Price-To-Earnings Ratio (41.6x) compared to the estimated Fair Price-To-Earnings Ratio (17.2x).

Share Price vs Fair Value

What is the Fair Price of MTEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MTEL (IDR785) is trading below our estimate of fair value (IDR1081.62)

Significantly Below Fair Value: MTEL is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Future Growth

How is Dayamitra Telekomunikasi forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

20.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTEL's forecast earnings growth (20% per year) is above the savings rate (7%).

Earnings vs Market: MTEL's earnings (20% per year) are forecast to grow faster than the ID market (10.4% per year).

High Growth Earnings: MTEL's earnings are forecast to grow, but not significantly.

Revenue vs Market: MTEL's revenue (8.9% per year) is forecast to grow slower than the ID market (10.2% per year).

High Growth Revenue: MTEL's revenue (8.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MTEL's Return on Equity is forecast to be low in 3 years time (7.1%).

Discover growth companies

Past Performance

How has Dayamitra Telekomunikasi performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

34.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MTEL has high quality earnings.

Growing Profit Margin: MTEL's current net profit margins (21.3%) are higher than last year (17.7%).

Past Earnings Growth Analysis

Earnings Trend: MTEL's earnings have grown significantly by 34.9% per year over the past 5 years.

Accelerating Growth: MTEL's earnings growth over the past year (36.8%) exceeds its 5-year average (34.9% per year).

Earnings vs Industry: MTEL earnings growth over the past year (36.8%) exceeded the Telecom industry 12.4%.

Return on Equity

High ROE: MTEL's Return on Equity (4.7%) is considered low.

Discover strong past performing companies

Financial Health

How is Dayamitra Telekomunikasi's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: MTEL's short term assets (IDR18,663.0B) exceed its short term liabilities (IDR7,146.0B).

Long Term Liabilities: MTEL's short term assets (IDR18,663.0B) exceed its long term liabilities (IDR14,422.5B).

Debt to Equity History and Analysis

Debt Level: MTEL has more cash than its total debt.

Reducing Debt: Insufficient data to determine if MTEL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MTEL's debt is well covered by operating cash flow (40.2%).

Interest Coverage: MTEL's interest payments on its debt are well covered by EBIT (3.9x coverage).

Balance Sheet

Discover healthy companies

Dividend

What is Dayamitra Telekomunikasi current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

2.40%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MTEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MTEL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MTEL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MTEL's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MTEL has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure

CEO

Theodorus Hartoko

no data

Tenure

Theodorus Ardi Hartoko has been the President Director since September 2020 and Chief Executive Officer at PT. Dayamitra Telekomunikasi. Theodorus Ardi Hartoko served as a Chief Operation & IT Officer at P...

Leadership Team

Experienced Management: MTEL's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Experienced Board: MTEL's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

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: MTEL only recently listed within the past 12 months.

Data	Last Updated (UTC time)
Company Analysis	2022/08/16 00:00
End of Day Share Price	2022/08/16 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31