Loading...
TOWR logo

PT Sarana Menara Nusantara Tbk.IDX:TOWR Stock Report

Market Cap Rp26.8t
Share Price
Rp535.00
My Fair Value
Rp845.38
36.7% undervalued intrinsic discount
1Y-32.7%
7D-1.8%
Portfolio Value
​
View

PT Sarana Menara Nusantara Tbk.

IDX:TOWR Stock Report

Market Cap: Rp26.8t

Sarana Menara Nusantara (TOWR) Stock Overview

Owns and operates telecommunication towers for wireless operators in Indonesia. More details

TOWR fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends3/6

Rewards

Trading at 49.9% below our estimate of its fair value

Earnings are forecast to grow 6.99% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 58%

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record


TOWR Community Fair Values

Create Narrative

See what 28 others think this stock is worth. Follow their fair value or set your own to get alerts.

TOWR logo
Sarana Menara Nusantara

Analysts Hold Price Target for Sarana Menara Nusantara as Share Buyback and Valuation Adjustments Unfold

Key Takeaways Ongoing 5G rollout and urbanization are expected to drive sustained demand for tower and fiber infrastructure, boosting recurring revenue and occupancy rates. Strategic fiber expansion, debt reduction, and sector consolidation position SMN for diversified growth, margin improvement, and stable long-term earnings.
View narrative
Rp845.38
FV
36.7% undervalued intrinsic discount
3.62%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
14users have followed this narrative
TOWR logo
Sarana Menara Nusantara

Indonesia's Network Densification And Fiber Expansion Will Create Enduring Value

Key Takeaways Rapid fiber and non-tower expansion, alongside unique industry positioning, could enable Sarana to capture outsized growth and share in both connectivity revenue and new tower builds. Strong financial discipline and national footprint position Sarana to benefit from digital transformation trends, supporting higher margins, recurring revenues, and premium valuations.
View narrative
Rp1.17k
FV
54.5% undervalued intrinsic discount
6.08%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
TOWR logo
Sarana Menara Nusantara

Underutilization And Short Contracts Will Restrain Profitability But Enable Recovery

Key Takeaways Declining tenancy and high exposure to traditional towers could limit revenue growth despite Indonesia's expanding data market and 5G rollout. Increased reliance on short-term contracts and diversification into lower-margin services is diluting profitability and increasing earnings volatility.
View narrative
Rp700
FV
23.6% undervalued intrinsic discount
1.71%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
View Stock Community

PT Sarana Menara Nusantara Tbk. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Sarana Menara Nusantara
Historical stock prices
Current Share PriceRp535.00
52 Week HighRp805.00
52 Week LowRp442.00
Beta0.089
1 Month Change-8.55%
3 Month Change-18.94%
1 Year Change-32.70%
3 Year Change-53.28%
5 Year Change-45.96%
Change since IPO1,603.82%

Recent News & Updates

Recent updates

User avatar

Future FTTH And FTTT Initiatives Will Expand Fiber Connectivity

M&A in fiber and digital-driven tenancy strategies boost revenue and economies of scale amid a favorable interest rate climate.

Shareholder Returns

TOWRID TelecomID Market
7D-1.8%8.1%3.3%
1Y-32.7%10.2%13.6%

Return vs Industry: TOWR underperformed the ID Telecom industry which returned 10.2% over the past year.

Return vs Market: TOWR underperformed the ID Market which returned 13.6% over the past year.

Price Volatility

Is TOWR's price volatile compared to industry and market?
TOWR volatility
TOWR Average Weekly Movement6.6%
Telecom Industry Average Movement8.9%
Market Average Movement8.0%
10% most volatile stocks in ID Market16.7%
10% least volatile stocks in ID Market2.9%

Stable Share Price: TOWR has not had significant price volatility in the past 3 months compared to the ID market.

Volatility Over Time: TOWR's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20081,745Ferdinandus Santosowww.ptsmn.co.id

PT Sarana Menara Nusantara Tbk. owns and operates telecommunication towers for wireless operators in Indonesia. It operates in two segments, Tower Rental, and Other Services.

PT Sarana Menara Nusantara Tbk. Fundamentals Summary

How do Sarana Menara Nusantara's earnings and revenue compare to its market cap?
TOWR fundamental statistics
Market capRp26.77t
Earnings (TTM)Rp3.38t
Revenue (TTM)Rp12.98t
7.9x
P/E Ratio
2.1x
P/S Ratio

Is TOWR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TOWR income statement (TTM)
RevenueRp12.98t
Cost of RevenueRp1.00t
Gross ProfitRp11.97t
Other ExpensesRp8.59t
EarningsRp3.38t

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)67.60
Gross Margin92.27%
Net Profit Margin26.07%
Debt/Equity Ratio251.1%

How did TOWR perform over the long term?

See historical performance and comparison

Dividends

3.0%
Current Dividend Yield
15%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/25 09:00
End of Day Share Price 2025/10/24 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Sarana Menara Nusantara Tbk. is covered by 25 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bob SetiadiCGS International
Arthur PinedaCitigroup Inc
Norman ChoongCLSA