OTCPK:SMNU.F

Stock Analysis Report

Sarana Menara Nusantara

Executive Summary

PT Sarana Menara Nusantara Tbk., through its subsidiary, PT Profesional Telekomunikasi Indonesia, owns and operates telecommunication towers for wireless operators in Indonesia.

Snowflake

Fundamentals

Good value with proven track record.


Similar Companies

Share Price & News

How has Sarana Menara Nusantara's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

SMNU.F

0.6%

US Telecom

0.07%

US Market


1 Year Return

46.9%

SMNU.F

8.4%

US Telecom

8.9%

US Market

Return vs Industry: SMNU.F exceeded the US Telecom industry which returned 8.4% over the past year.

Return vs Market: SMNU.F exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

SMNU.FIndustryMarket
7 Day0%0.6%0.07%
30 Day-3.0%0.6%-0.3%
90 Day-16.1%10.7%-1.6%
1 Year46.9%46.9%14.1%8.4%11.3%8.9%
3 Year-84.1%-84.1%28.0%9.3%46.3%36.8%
5 Year-85.1%-85.1%40.7%8.4%62.1%44.3%

Price Volatility Vs. Market

How volatile is Sarana Menara Nusantara's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sarana Menara Nusantara undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMNU.F ($0.05) is trading below our estimate of fair value ($0.13)

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


Price To Earnings Ratio

PE vs Industry: SMNU.F is good value based on its PE Ratio (15.9x) compared to the Telecom industry average (16x).

PE vs Market: SMNU.F is good value based on its PE Ratio (15.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: SMNU.F is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: SMNU.F is overvalued based on its PB Ratio (4.3x) compared to the US Telecom industry average (1.5x).


Next Steps

Future Growth

How is Sarana Menara Nusantara forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMNU.F's forecast earnings growth (6.6% per year) is above the savings rate (2.7%).

Earnings vs Market: SMNU.F's earnings (6.6% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: SMNU.F's revenue (6.7% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: SMNU.F's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMNU.F's Return on Equity is forecast to be high in 3 years time (25.2%)


Next Steps

Past Performance

How has Sarana Menara Nusantara performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SMNU.F's earnings have grown by 9.1% per year over the past 5 years.

Accelerating Growth: SMNU.F's earnings growth over the past year (1.4%) is below its 5-year average (9.1% per year).

Earnings vs Industry: SMNU.F earnings growth over the past year (1.4%) exceeded the Telecom industry -23%.


Return on Equity

High ROE: Whilst SMNU.F's Return on Equity (27.1%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: SMNU.F has a higher Return on Assets than the Telecom industry average last year.


Return on Capital Employed

ROCE Improving: SMNU.F has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Sarana Menara Nusantara's financial position?


Financial Position Analysis

Short Term Liabilities: SMNU.F's short term assets (IDR4,178.2B) do not cover its short term liabilities (IDR7,419.8B)

Long Term Liabilities: SMNU.F's short term assets (4,178.2B) do not cover its long term liabilities (10,829.3B)


Debt to Equity History and Analysis

Debt Level: SMNU.F's debt to equity ratio (165.2%) is considered high

Reducing Debt: SMNU.F's debt to equity ratio has reduced from 216.7% to 165.2% over the past 5 years.

Debt Coverage: SMNU.F's debt is well covered by operating cash flow (32.9%).

Interest Coverage: SMNU.F's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet

Inventory Level: SMNU.F has a high level of physical assets or inventory.

Debt Coverage by Assets: SMNU.F's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is Sarana Menara Nusantara's current dividend yield, its reliability and sustainability?

3.56%

Current Dividend Yield


Dividend Yield vs Market

company3.6%marketbottom25%1.4%markettop25%3.7%industryaverage4.8%forecastin3Years4.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SMNU.F's dividend (3.56%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: SMNU.F's dividend (3.56%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: SMNU.F has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SMNU.F's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.2%), SMNU.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SMNU.F's dividends in 3 years are forecast to be covered by earnings (55.7% payout ratio).


Next Steps

Management

What is the CEO of Sarana Menara Nusantara's salary, the management and board of directors tenure and is there insider trading?

12.3yrs

Average management tenure


CEO

Ferdinandus Santoso (53yo)

3.9yrs

Tenure

0

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 the President  ...


Management Age and Tenure

12.3yrs

Average Tenure

53yo

Average Age

Experienced Management: SMNU.F's management team is seasoned and experienced (12.3 years average tenure).


Board Age and Tenure

3.9yrs

Average Tenure

53yo

Average Age

Experienced Board: SMNU.F's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • J. Gearon (54yo)

    Head of Strategy & Execution

    • Tenure: 12.6yrs
  • Haryo Dewanto (53yo)

    Head of Internal Audit Department

    • Tenure: 2.2yrs
  • Ferdinandus Santoso (53yo)

    President Director

    • Tenure: 3.9yrs
  • Johannes Edwin (48yo)

    Head of the Internal Audit Department

    • Tenure: 9.8yrs
  • Stephen Weiss (65yo)

    Vice President Director & CFO

    • Tenure: 3.9yrs
  • Peter Egbertsen (51yo)

    Head of Corporate Finance

    • Tenure: 12.6yrs
  • King Brainard (73yo)

    Head of Business Development & Acquisitions

    • Tenure: 12.6yrs
  • Murillo Penchel (56yo)

    Head of Financing & Accounting

    • Tenure: 12.3yrs
  • James Young (51yo)

    Head of Sales & Marketing

    • Tenure: 5.1yrs
  • Marcia Cabral (46yo)

    Head of Administration

    • Tenure: 12.3yrs

Board Members

  • Tonny Kusnadi (71yo)

    President Commissioner

    • Tenure: 8.3yrs
  • Anthony Elam (59yo)

    Independent Director

    • Tenure: 1.4yrs
  • Honggo Kangmasto (53yo)

    Independent Commissioner

    • Tenure: 0.4yrs
  • Adam Gifari (42yo)

    Vice President Director

    • Tenure: 3.9yrs
  • Ferdinandus Santoso (53yo)

    President Director

    • Tenure: 3.9yrs
  • Ario Wibisono (57yo)

    Commissioner

    • Tenure: 8.3yrs
  • Indra Gunawan (45yo)

    Director

    • Tenure: 6.4yrs
  • Stephen Weiss (65yo)

    Vice President Director & CFO

    • Tenure: 3.9yrs
  • Eko Hadiprodjo (48yo)

    Director

    • Tenure: 3.9yrs

Company Information

PT Sarana Menara Nusantara Tbk's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PT Sarana Menara Nusantara Tbk
  • Ticker: SMNU.F
  • Exchange: OTCPK
  • Founded: 2008
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: Rp33.265t
  • Listing Market Cap: Rp2.373b
  • Shares outstanding: 50.40b
  • Website: https://www.ptsmn.co.id

Number of Employees


Location

  • PT Sarana Menara Nusantara Tbk
  • Jl. Ahmad Yani No. 19A
  • Kudus
  • Jawa Tengah
  • Indonesia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TOWRIDX (Indonesia Stock Exchange)YesCommon SharesIDIDRMar 2010
SMNU.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2010

Biography

PT Sarana Menara Nusantara Tbk., through its subsidiary, PT Profesional Telekomunikasi Indonesia, owns and operates telecommunication towers for wireless operators in Indonesia. The company operates in thr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:09
End of Day Share Price2019/10/16 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.