Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

OTCPK:TLKM.F Stock Report

Market Cap: US$16.2b

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 TLKM.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$0.48
Fair Value
67.0% undervalued intrinsic discount
22
Number of Analysts

Below Fair Value: TLKM.F ($0.16) is trading below our estimate of fair value ($0.48)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TLKM.F?

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

The above table shows the Price to Earnings ratio for TLKM.F. This is calculated by dividing TLKM.F's market cap by their current earnings.
What is TLKM.F's PE Ratio?
PE Ratio11.7x
EarningsRp22.60t
Market CapRp264.50t

Price to Earnings Ratio vs Peers

How does TLKM.F's PE Ratio compare to its peers?

The above table shows the PE ratio for TLKM.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.1x
VZ Verizon Communications
10.1x5.7%US$173.4b
T AT&T
17.5x10.2%US$187.1b
IDT IDT
16.7xn/aUS$1.2b
LICT LICT
20xn/aUS$246.4m
TLKM.F Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
11.7x6.8%US$264.5t

Price-To-Earnings vs Peers: TLKM.F is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (16.1x).

Price to Earnings Ratio vs Industry

How does TLKM.F's PE Ratio compare vs other companies in the Global Telecom Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TLKM.F 11.7xIndustry Avg. 16.6xNo. of Companies28PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TLKM.F is good value based on its Price-To-Earnings Ratio (11.7x) compared to the Global Telecom industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is TLKM.F'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.

TLKM.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TLKM.F's Price-To-Earnings Fair Ratio for valuation analysis.

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 TLKM.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$0.22
0%
14.0%US$0.28US$0.15n/a22
Feb ’26n/a
US$0.22
0%
14.5%US$0.28US$0.15n/a22
Jan ’26n/a
US$0.23
0%
14.4%US$0.28US$0.15n/a22
Dec ’25n/a
US$0.23
0%
15.5%US$0.30US$0.16n/a22
Nov ’25US$0.18
US$0.24
+32.3%
12.0%US$0.31US$0.19n/a23
Oct ’25US$0.18
US$0.25
+39.5%
12.0%US$0.32US$0.21n/a24
Sep ’25US$0.18
US$0.25
+37.8%
12.7%US$0.32US$0.21n/a24
Aug ’25US$0.17
US$0.25
+43.8%
11.6%US$0.31US$0.20n/a24
Jul ’25US$0.19
US$0.25
+37.2%
11.0%US$0.31US$0.20n/a26
Jun ’25US$0.18
US$0.26
+39.2%
11.0%US$0.31US$0.21n/a26
May ’25US$0.19
US$0.26
+34.7%
9.6%US$0.31US$0.22n/a27
Apr ’25US$0.22
US$0.28
+25.4%
6.5%US$0.31US$0.24n/a26
Mar ’25US$0.25
US$0.29
+15.9%
6.3%US$0.33US$0.26n/a25
Feb ’25US$0.26
US$0.29
+12.2%
6.3%US$0.33US$0.25n/a25
Jan ’25US$0.25
US$0.30
+22.2%
9.0%US$0.39US$0.25n/a26
Dec ’24US$0.24
US$0.30
+23.5%
9.0%US$0.39US$0.25n/a26
Nov ’24US$0.22
US$0.30
+34.2%
8.9%US$0.38US$0.25US$0.1824
Oct ’24US$0.23
US$0.31
+31.2%
9.5%US$0.39US$0.26US$0.1824
Sep ’24US$0.24
US$0.31
+32.6%
9.0%US$0.39US$0.28US$0.1825
Aug ’24US$0.24
US$0.32
+34.4%
8.9%US$0.40US$0.27US$0.1724
Jul ’24US$0.26
US$0.33
+26.1%
7.9%US$0.40US$0.27US$0.1926
Jun ’24n/a
US$0.33
0%
7.8%US$0.40US$0.27US$0.1826
May ’24US$0.27
US$0.34
+24.7%
7.6%US$0.41US$0.28US$0.1925
Apr ’24US$0.27
US$0.33
+25.1%
7.8%US$0.40US$0.27US$0.2226
Mar ’24n/a
US$0.33
0%
7.4%US$0.40US$0.27US$0.2527
Feb ’24US$0.26
US$0.33
+29.6%
7.4%US$0.40US$0.27US$0.2627
Analyst Price Target
Consensus Narrative from 22 Analysts
US$0.22
Fair Value
25.6% undervalued intrinsic discount
22
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/20 10:38
End of Day Share Price 2025/02/04 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is covered by 46 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anand RamachandranBarclays
Choong Chen FoongBNP Paribas Securities (Asia)
Sukriti BansalBofA Global Research