| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
TOWR Stock Overview
PT Sarana Menara Nusantara Tbk. owns and operates telecommunication towers for wireless operators in Indonesia.
Sarana Menara Nusantara Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | Rp1,240.00 |
| 52 Week High | Rp1,430.00 |
| 52 Week Low | Rp870.00 |
| Beta | 0.52 |
| 1 Month Change | 8.77% |
| 3 Month Change | 24.62% |
| 1 Year Change | -5.70% |
| 3 Year Change | 63.16% |
| 5 Year Change | 35.37% |
| Change since IPO | 3,849.05% |
Recent News & Updates
Shareholder Returns
| TOWR | ID Telecom | ID Market | |
|---|---|---|---|
| 7D | -1.6% | -1.8% | 0.4% |
| 1Y | -5.7% | 29.4% | 13.0% |
Return vs Industry: TOWR underperformed the ID Telecom industry which returned 29.4% over the past year.
Return vs Market: TOWR underperformed the ID Market which returned 13% over the past year.
Price Volatility
| TOWR volatility | |
|---|---|
| TOWR Average Weekly Movement | 4.4% |
| Telecom Industry Average Movement | 5.4% |
| Market Average Movement | 5.9% |
| 10% most volatile stocks in ID Market | 11.5% |
| 10% least volatile stocks in ID Market | 2.9% |
Stable Share Price: TOWR is not significantly more volatile than the rest of ID stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TOWR's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2008 | 1,543 | Ferdinandus Santoso | https://www.ptsmn.co.id |
PT Sarana Menara Nusantara Tbk. owns and operates telecommunication towers for wireless operators in Indonesia. The company operates in two segments, Tower Rental, and Very Small Aperture Terminal (VSAT) and Wireline Services.
Sarana Menara Nusantara Fundamentals Summary
| TOWR fundamental statistics | |
|---|---|
| Market Cap | Rp61.75t |
| Earnings (TTM) | Rp3.49t |
| Revenue (TTM) | Rp9.30t |
17.7x
P/E Ratio6.6x
P/S RatioIs TOWR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TOWR income statement (TTM) | |
|---|---|
| Revenue | Rp9.30t |
| Cost of Revenue | Rp515.84b |
| Gross Profit | Rp8.78t |
| Other Expenses | Rp5.29t |
| Earnings | Rp3.49t |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 70.12 |
| Gross Margin | 94.45% |
| Net Profit Margin | 37.55% |
| Debt/Equity Ratio | 326.2% |
How did TOWR perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield34%
Payout RatioValuation
Is TOWR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation 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 TOWR?
Other financial metrics that can be useful for relative valuation.
| What is TOWR's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | Rp61.75t |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 11.2x |
| Enterprise Value/EBITDA | 15.4x |
| PEG Ratio | 2x |
Price to Earnings Ratio vs Peers
How does TOWR's PE Ratio compare to its peers?
| TOWR PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 68.5x | ||
TBIG Tower Bersama Infrastructure | 38.2x | 12.1% | Rp64.9t |
MTEL Dayamitra Telekomunikasi | 41.6x | 20.0% | Rp65.5t |
IBST Inti Bangun Sejahtera | 176.4x | n/a | Rp11.6t |
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia | 17.6x | 7.2% | Rp450.7t |
TOWR Sarana Menara Nusantara | 17.7x | 8.8% | Rp61.8t |
Price-To-Earnings vs Peers: TOWR is good value based on its Price-To-Earnings Ratio (17.7x) compared to the peer average (68.5x).
Price to Earnings Ratio vs Industry
How does TOWR's PE Ratio compare vs other companies in the Asian Telecom Industry?
Price-To-Earnings vs Industry: TOWR is good value based on its Price-To-Earnings Ratio (17.7x) compared to the ID Telecom industry average (24.2x)
Price to Earnings Ratio vs Fair Ratio
What is TOWR'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 17.7x |
| Fair PE Ratio | 15.1x |
Price-To-Earnings vs Fair Ratio: TOWR is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).
Share Price vs Fair Value
What is the Fair Price of TOWR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TOWR (IDR1240) is trading below our estimate of fair value (IDR2894.84)
Significantly Below Fair Value: TOWR 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 less than 20% higher than the current share price.
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Future Growth
How is Sarana Menara Nusantara forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
8.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TOWR's forecast earnings growth (8.8% per year) is above the savings rate (7%).
Earnings vs Market: TOWR's earnings (8.8% per year) are forecast to grow slower than the ID market (10.4% per year).
High Growth Earnings: TOWR's earnings are forecast to grow, but not significantly.
Revenue vs Market: TOWR's revenue (6.4% per year) is forecast to grow slower than the ID market (10.2% per year).
High Growth Revenue: TOWR's revenue (6.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TOWR's Return on Equity is forecast to be high in 3 years time (25.1%)
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Past Performance
How has Sarana Menara Nusantara performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
15.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TOWR has high quality earnings.
Growing Profit Margin: TOWR's current net profit margins (37.6%) are lower than last year (41%).
Past Earnings Growth Analysis
Earnings Trend: TOWR's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: TOWR's earnings growth over the past year (12.4%) is below its 5-year average (15.3% per year).
Earnings vs Industry: TOWR earnings growth over the past year (12.4%) underperformed the Telecom industry 12.4%.
Return on Equity
High ROE: Whilst TOWR's Return on Equity (27.24%) is high, this metric is skewed due to their high level of debt.
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Financial Health
How is Sarana Menara Nusantara's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: TOWR's short term assets (IDR4,395.1B) do not cover its short term liabilities (IDR18,647.0B).
Long Term Liabilities: TOWR's short term assets (IDR4,395.1B) do not cover its long term liabilities (IDR31,932.2B).
Debt to Equity History and Analysis
Debt Level: TOWR's net debt to equity ratio (312.5%) is considered high.
Reducing Debt: TOWR's debt to equity ratio has increased from 79.8% to 326.2% over the past 5 years.
Debt Coverage: TOWR's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: TOWR's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Dividend
What is Sarana Menara Nusantara current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
1.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TOWR's dividend (1.94%) is higher than the bottom 25% of dividend payers in the ID market (1.11%).
High Dividend: TOWR's dividend (1.94%) is low compared to the top 25% of dividend payers in the ID market (4.59%).
Stability and Growth of Payments
Stable Dividend: TOWR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TOWR's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.4%), TOWR's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.1%), TOWR's dividend payments are well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average board tenure
CEO
Ferdinandus Santoso (56 yo)
6.75yrs
Tenure
Mr. Ferdinandus Aming Santoso has been the President Director at PT Sarana Menara Nusantara Tbk and PT Profesional Telekomunikasi Indonesia Tbk since November 20, 2015. Mr. Santoso serves as Chief Executiv...
Board Members
Experienced Board: TOWR's board of directors are considered experienced (6.8 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 Sarana Menara Nusantara Tbk.'s employee growth, exchange listings and data sources
Key Information
- Name: PT Sarana Menara Nusantara Tbk.
- Ticker: TOWR
- Exchange: IDX
- Founded: 2008
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Implied Market Cap: Rp61.751t
- Shares outstanding: 49.80b
- Website: https://www.ptsmn.co.id
Number of Employees
Location
- PT Sarana Menara Nusantara Tbk.
- Jl. Jend. Ahmad Yani No. 19A
- Kudus
- Jawa Tengah
- Indonesia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/14 00:00 |
| End of Day Share Price | 2022/08/12 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.