OTCPK:PTFR.Y

Stock Analysis Report

Tower Bersama Infrastructure

Executive Summary

PT Tower Bersama Infrastructure Tbk provides telecommunication infrastructure solution and services in Indonesia.

Snowflake

Fundamentals

Second-rate dividend payer with acceptable track record.

Risks

  • Tower Bersama Infrastructure has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Tower Bersama Infrastructure's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

PTFR.Y

0.01%

US Telecom

-0.6%

US Market


1 Year Return

n/a

PTFR.Y

8.2%

US Telecom

0.7%

US Market

No trading data on PTFR.Y.

No trading data on PTFR.Y.


Share holder returns

PTFR.YIndustryMarket
7 Day0%0.01%-0.6%
30 Day57.9%7.9%4.9%
90 Day62.2%9.5%1.7%
1 Yearn/a13.9%8.2%3.0%0.7%
3 Yearn/a15.7%-1.1%44.8%35.4%
5 Year-28.5%-33.2%36.3%5.1%62.0%44.3%

Price Volatility Vs. Market

How volatile is Tower Bersama Infrastructure's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tower Bersama Infrastructure undervalued based on future cash flows and its price relative to the stock market?

37.32x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Tower Bersama Infrastructure's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Tower Bersama Infrastructure's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Tower Bersama Infrastructure is overvalued based on earnings compared to the US Telecom industry average.

Tower Bersama Infrastructure is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Tower Bersama Infrastructure is poor value based on expected growth next year.


Price Based on Value of Assets

Tower Bersama Infrastructure is overvalued based on assets compared to the US Telecom industry average.


Next Steps

Future Growth

How is Tower Bersama Infrastructure expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Tower Bersama Infrastructure's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).

Tower Bersama Infrastructure's earnings are expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).

Tower Bersama Infrastructure's revenue growth is positive but not above the United States of America market average.

Tower Bersama Infrastructure's earnings growth is positive but not above the United States of America market average.

Tower Bersama Infrastructure's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Tower Bersama Infrastructure is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Tower Bersama Infrastructure performed over the past 5 years?

7.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Tower Bersama Infrastructure's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Tower Bersama Infrastructure's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Tower Bersama Infrastructure's 1-year earnings growth is negative, it can't be compared to the US Telecom industry average.


Return on Equity

Whilst Tower Bersama Infrastructure has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

Tower Bersama Infrastructure used its assets more efficiently than the US Telecom industry average last year based on Return on Assets.


Return on Capital Employed

Tower Bersama Infrastructure has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Tower Bersama Infrastructure's financial position?


Financial Position Analysis

Tower Bersama Infrastructure's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Tower Bersama Infrastructure's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Tower Bersama Infrastructure's level of debt (678.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (375% vs 678.3% today).

Debt is not well covered by operating cash flow (16.1%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

What is Tower Bersama Infrastructure's current dividend yield, its reliability and sustainability?

2.88%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Tower Bersama Infrastructure's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Tower Bersama Infrastructure's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Tower Bersama Infrastructure has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Tower Bersama Infrastructure only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.5x coverage).


Next Steps

Management

What is the CEO of Tower Bersama Infrastructure's salary, the management and board of directors tenure and is there insider trading?

9.5yrs

Average management tenure


CEO

Hardi Liong (49yo)

15.7yrs

Tenure

0

Mr. Hardi Wijaya Liong has been the Chief Executive Officer at PT Tower Bersama Infrastructure Tbk since 2004. Mr. Liong co-founded Provident Capital Partners Pte. Ltd., in 2005 and has been managing the T ...


Management Age and Tenure

9.5yrs

Average Tenure

50.5yo

Average Age

The average tenure for the Tower Bersama Infrastructure management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.5yrs

Average Tenure

55yo

Average Age

The tenure for the Tower Bersama Infrastructure board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Herman Budi (55yo)

    President Director & COO

    • Tenure: 9.5yrs
  • Budianto Purwahjo (56yo)

    Chief of Business Development & Director

    • Tenure: 9.5yrs
  • Gusandi Sjamsudin (52yo)

    Chief of Product & Innovation and Independent Director

    • Tenure: 7.5yrs
  • Hardi Liong (49yo)

    Vice President Director & CEO

    • Tenure: 15.7yrs
  • Helmy Santoso (43yo)

    CFO, Corporate Secretary & Director

    • Tenure: 9.5yrs
  • Hari Gurung

    Head of Corporate Finance and Advisor to the Board of Directors

    • Tenure: 0yrs
  • Brendan Pound

    Chief of Risk Management

    • Tenure: 0yrs
  • Supriatno Arham (46yo)

    Head of Internal Audit Unit

    • Tenure: 5.3yrs
  • Sani Imanudin

    Chief of Marketing

    • Tenure: 0yrs
  • Yogi Pamungkas

    Chief of Project & Implementation

    • Tenure: 0yrs

Board Members

  • Edwin Soeryadjaya (69yo)

    President Commissioner

    • Tenure: 9.5yrs
  • Herman Budi (55yo)

    President Director & COO

    • Tenure: 9.5yrs
  • Winato Kartono (48yo)

    Commissioner

    • Tenure: 9.5yrs
  • Budianto Purwahjo (56yo)

    Chief of Business Development & Director

    • Tenure: 9.5yrs
  • H. Tjahjana (68yo)

    Independent Commissioner

    • Tenure: 9.5yrs
  • Gusandi Sjamsudin (52yo)

    Chief of Product & Innovation and Independent Director

    • Tenure: 7.5yrs
  • Hardi Liong (49yo)

    Vice President Director & CEO

    • Tenure: 15.7yrs
  • Helmy Santoso (43yo)

    CFO, Corporate Secretary & Director

    • Tenure: 9.5yrs
  • Wahyuni Bahar (57yo)

    Independent Commissioner

    • Tenure: 6.8yrs

Company Information

PT Tower Bersama Infrastructure Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Tower Bersama Infrastructure Tbk
  • Ticker: PTFR.Y
  • Exchange: OTCPK
  • Founded: 2004
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: Rp25.200t
  • Listing Market Cap: Rp1.791b
  • Shares outstanding: 4.33b
  • Website: https://www.tower-bersama.com

Number of Employees


Location

  • PT Tower Bersama Infrastructure Tbk
  • The Convergence Indonesia
  • 11th Floor
  • South Jakarta
  • Jakarta Raya
  • 12940
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TBIGIDX (Indonesia Stock Exchange)YesCommon StockIDIDROct 2010
6TBBST (Boerse-Stuttgart)YesCommon StockDEEUROct 2010
PTFR.YOTCPK (Pink Sheets LLC)ADRUSUSDJul 2011

Biography

PT Tower Bersama Infrastructure Tbk provides telecommunication infrastructure solution and services in Indonesia. The company leases antenna space to Indonesian telecommunications operators for signal tran ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/23 00:17
End of Day Share Price2019/09/04 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.