PT Dayamitra Telekomunikasi Tbk.

IDX:MTEL Stock Report

Market Cap: Rp49.5t

Dayamitra Telekomunikasi Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (IDR605) is trading below our estimate of fair value (IDR799.44)

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

Key Valuation Metric

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

Key metric: As MTEL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MTEL. This is calculated by dividing MTEL's market cap by their current earnings.
What is MTEL's PE Ratio?
PE Ratio23.5x
EarningsRp2.11t
Market CapRp49.55t

Price to Earnings Ratio vs Peers

How does MTEL's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.9x
TBIG Tower Bersama Infrastructure
27.3x8.8%Rp44.0t
SUPR Solusi Tunas Pratama
45.2xn/aRp49.9t
TOWR Sarana Menara Nusantara
11x7.1%Rp36.0t
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
12.1x6.9%Rp272.4t
MTEL Dayamitra Telekomunikasi
23.5x7.5%Rp49.5t

Price-To-Earnings vs Peers: MTEL is good value based on its Price-To-Earnings Ratio (23.5x) compared to the peer average (23.9x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MTEL 23.5xIndustry Avg. 15.0xNo. of Companies17PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MTEL is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the Asian Telecom industry average (15x).

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 Ratio23.5x
Fair PE Ratio16.5x

Price-To-Earnings vs Fair Ratio: MTEL is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).

Analyst Price Targets

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

The above table shows the analyst MTEL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp605.00
Rp830.00
+37.2%
15.1%Rp1,135.00Rp650.00n/a15
Nov ’25Rp625.00
Rp826.88
+32.3%
14.3%Rp1,135.00Rp650.00n/a16
Oct ’25Rp630.00
Rp824.12
+30.8%
14.3%Rp1,135.00Rp640.00n/a17
Sep ’25Rp665.00
Rp821.88
+23.6%
14.7%Rp1,135.00Rp640.00n/a16
Aug ’25Rp685.00
Rp827.94
+20.9%
14.2%Rp1,135.00Rp640.00n/a17
Jul ’25Rp645.00
Rp839.71
+30.2%
14.4%Rp1,135.00Rp640.00n/a17
Jun ’25Rp610.00
Rp843.89
+38.3%
14.0%Rp1,135.00Rp640.00n/a18
May ’25Rp570.00
Rp850.00
+49.1%
13.3%Rp1,135.00Rp650.00n/a18
Apr ’25Rp615.00
Rp872.94
+41.9%
10.5%Rp1,135.00Rp700.00n/a17
Mar ’25Rp625.00
Rp884.12
+41.5%
10.2%Rp1,135.00Rp700.00n/a17
Feb ’25Rp675.00
Rp877.78
+30.0%
10.3%Rp1,135.00Rp700.00n/a18
Jan ’25Rp705.00
Rp875.29
+24.2%
10.7%Rp1,135.00Rp675.00n/a17
Dec ’24Rp715.00
Rp875.29
+22.4%
10.7%Rp1,135.00Rp675.00n/a17
Nov ’24Rp615.00
Rp881.56
+43.3%
10.8%Rp1,135.00Rp675.00Rp625.0016
Oct ’24Rp680.00
Rp927.06
+36.3%
12.8%Rp1,250.00Rp800.00Rp630.0017
Sep ’24Rp730.00
Rp925.29
+26.8%
12.8%Rp1,250.00Rp800.00Rp665.0017
Aug ’24Rp665.00
Rp935.67
+40.7%
13.1%Rp1,250.00Rp800.00Rp685.0015
Jul ’24Rp665.00
Rp953.08
+43.3%
12.8%Rp1,250.00Rp800.00Rp645.0013
Jun ’24Rp655.00
Rp953.08
+45.5%
12.8%Rp1,250.00Rp800.00Rp610.0013
May ’24Rp700.00
Rp954.62
+36.4%
12.7%Rp1,250.00Rp800.00Rp570.0013
Apr ’24Rp705.00
Rp950.38
+34.8%
13.1%Rp1,250.00Rp800.00Rp615.0013
Mar ’24Rp700.00
Rp957.92
+36.8%
12.2%Rp1,200.00Rp800.00Rp625.0012
Feb ’24Rp680.00
Rp956.15
+40.6%
11.7%Rp1,200.00Rp800.00Rp675.0013
Jan ’24Rp800.00
Rp967.50
+20.9%
10.3%Rp1,200.00Rp815.00Rp705.0014
Dec ’23Rp740.00
Rp967.50
+30.7%
10.3%Rp1,200.00Rp815.00Rp715.0014
Nov ’23Rp710.00
Rp971.07
+36.8%
10.1%Rp1,200.00Rp815.00Rp615.0014

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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