PT Telekomunikasi Indonesia Tbk AI Stock Analysis
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PT Telekomunikasi Indonesia Tbk (TLK) AI Stock Analysis
PT Telekomunikasi Indonesia Tbk
(NYSE:TLK)
The score is anchored by solid fundamentals (strong TTM revenue growth and healthy operating margins), supported by favorable valuation (moderate P/E and high dividend yield). These positives are meaningfully offset by weak technicals (price below all major moving averages and negative MACD) and softer recent profitability/cash-flow trends (lower net margin and weakening free-cash-flow growth/cash conversion).
PT Telekomunikasi Indonesia Tbk (TLK) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $11.31B
- Dividend Yield
- 10.69%
- Average Volume (3M)
- 1.54M
- Price to Earnings (P/E)
- 13.0
- Beta (1Y)
- 0.67
- Revenue Growth
- -3.29%
- EPS Growth
- -28.64%
- Country
- US
- Employees
- 19,082
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Telecommunications Services
PT Telekomunikasi Indonesia Tbk Business Overview & Revenue Model
Company Description
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, known as TELKOM Indonesia, is a global provider of telecommunications, information technology, and network solutions. Founded in Bandung, Indonesia, in 1884, its operations are organized...
How the Company Makes Money
Telkom Indonesia generates revenue primarily by selling telecommunications connectivity and related digital services to consumers and businesses. Key revenue streams include: 1) Mobile services (via Telkomsel): Telkomsel sells mobile connectivity to...
PT Telekomunikasi Indonesia Tbk Earnings Call Summary
The earnings call reveals a mix of positive and negative aspects. While there are notable achievements such as positive revenue growth and strong performance in fixed broadband and Mitratel, challenges such as EBITDA decline, operating net income drop, and Telkomsel revenue decline indicate pressure points. The sentiment reflects cautious optimism amidst macroeconomic challenges and competitive pressures.
Q3-2024 Updates
Positive Updates
Negative Updates
Company Guidance
During the earnings call for PT Telekom Indonesia, the company provided guidance for the fiscal year 2024, highlighting several key metrics and strategies. The company aims to achieve a low single-digit revenue growth, maintaining an EBITDA margin between 50% to 52%, and a CapEx-to-revenue ratio of 22% to 24%. For the first nine months of 2024, revenue grew by 0.9% year-on-year to IDR 112.2 trillion, while EBITDA decreased by 4.1% to IDR 56.6 trillion. The decline in EBITDA was primarily due to personnel expenses, which increased by 12.7% year-on-year, but normalized EBITDA stood at IDR 57.8 trillion, a 2.1% decline. Additionally, the company reported a net debt-to-EBITDA ratio of 0.6x, and Telkomsel's B2C business posted a 16.4% year-on-year revenue growth. The company is focusing on its 5 Bold Move strategy, including efforts to enhance digital connectivity and explore strategic partnerships for data center business, aiming to conclude these initiatives by early 2025.
PT Telekomunikasi Indonesia Tbk Financial Statement Overview
Summary
Strong TTM revenue rebound (+54.1%) and still-healthy operating profitability (EBIT margin ~23.8%, EBITDA margin ~49.7%) support the score. Offsetting factors include weaker net margin versus prior annual periods (~10.7% TTM vs ~15.7% in 2024), modestly higher leverage (debt ~0.65x equity), and deteriorating free-cash-flow growth with only moderate cash conversion (OCF ~0.83x net income; FCF ~0.66x).
Income Statement
78PositiveBalance Sheet
72PositiveCash Flow
66Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 187.82T | 146.74T | 149.97T | 149.22T | 147.31T | 143.21T |
| Gross Profit | 117.04T | 98.49T | 101.89T | 103.14T | 103.68T | 99.90T |
| EBITDA | 81.46T | 73.08T | 79.90T | 78.12T | 73.64T | 79.85T |
| Net Income | 20.49T | 17.49T | 23.61T | 24.43T | 20.74T | 24.88T |
Balance Sheet | ||||||
| Total Assets | 279.81T | 288.45T | 299.68T | 286.59T | 274.82T | 276.16T |
| Cash, Cash Equivalents and Short-Term Investments | 35.82T | 35.73T | 35.03T | 30.43T | 32.88T | 38.74T |
| Total Debt | 79.05T | 75.09T | 76.83T | 68.00T | 62.85T | 68.58T |
| Total Liabilities | 139.35T | 137.55T | 137.19T | 130.36T | 125.74T | 130.99T |
| Stockholders Equity | 122.30T | 131.00T | 142.09T | 135.74T | 129.22T | 121.63T |
Cash Flow | ||||||
| Free Cash Flow | 38.84T | 38.07T | 31.94T | 26.98T | 38.34T | 38.43T |
| Operating Cash Flow | 62.24T | 63.84T | 61.60T | 60.58T | 73.35T | 68.35T |
| Investing Cash Flow | -24.22T | -26.09T | -29.46T | -36.91T | -39.12T | -37.91T |
| Financing Cash Flow | -36.56T | -37.74T | -27.50T | -26.57T | -40.97T | -12.78T |
PT Telekomunikasi Indonesia Tbk Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TLK, the sentiment is Negative. The current price of 11.49 is above the 20-day moving average (MA) of 11.33, below the 50-day MA of 12.74, and below the 200-day MA of 15.36, indicating a neutral trend. The MACD of -0.40 indicates Negative momentum. The RSI at 46.05 is Neutral, neither overbought nor oversold. The STOCH value of 86.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TLK.
PT Telekomunikasi Indonesia Tbk Risk Analysis
PT Telekomunikasi Indonesia Tbk disclosed 59 risk factors in its most recent earnings report. PT Telekomunikasi Indonesia Tbk reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
1 New RiskPT Telekomunikasi Indonesia Tbk Peers Comparison
Overall Rating
VIV73Outperform
PHI71.8Outperform
TKC69Neutral
VEON68Neutral
TIGO63Neutral- TLK63Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| VIV | 73Outperform | $19.52B | 16.32 | 9.70% | 7.43% | 17.36% | 30.69% |
| PHI | 72Outperform | $3.77B | 9.12 | 22.35% | 9.41% | -1.72% | -18.30% |
| TKC | 69Neutral | $4.13B | 10.01 | 6.97% | 4.58% | 15.24% | 11.68% |
| VEON | 68Neutral | $5.20B | 110.38 | 4.15% | ― | 16.78% | -41.76% |
| TIGO | 63Neutral | $14.98B | 24.18 | 19.68% | 5.26% | 44.65% | -48.10% |
| TLK | 63Neutral | $11.19B | 13.03 | 12.77% | 10.69% | -3.29% | -28.64% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TLK | P.t. Telekomunikasi Indonesia Tbk. | 11.49 | -8.25 | -41.79% | |
| PHI | PLDT, Inc. | 16.13 | -3.64 | -18.40% | |
| VIV | Telefonica Brasil SA | 11.90 | -0.46 | -3.68% | |
| TKC | Turkcell Iletisim Hizmetleri As | 4.81 | -0.69 | -12.47% | |
| TIGO | Millicom International Cellular Sa | 80.83 | 33.25 | 69.87% | |
| VEON | VEON Ltd | 75.15 | 27.00 | 56.07% |
PT Telekomunikasi Indonesia Tbk Corporate Events
Telkom Indonesia Files Q3 2026 Unaudited Consolidated Results on Form 6-K
PT Telekomunikasi Indonesia Tbk has filed a Form 6-K with the U.S. Securities and Exchange Commission for October 2026, presenting unaudited consolidated financial statements as of September 30, 2026 and for the nine-month period then ended. The dire...
Telkom Indonesia Completes Rp36.5 Billion Share Buyback Linked to Fiber Business Spin-Off
On October 22, 2026, Telkom Indonesia reported to the Indonesian Financial Services Authority the results of a mandated share buyback linked to its 2026 Extraordinary General Meeting’s approval of a partial spin-off of its wholesale fiber connectivit...
Telkom Indonesia Sets October Share Buyback for Dissenting Investors After Fiber Spin-Off Vote
On October 2, 2026, PT Telekomunikasi Indonesia Tbk disclosed to the Indonesian Financial Services Authority a plan to repurchase shares from investors who opposed its recently approved partial spin-off of the Wholesale Fiber Connectivity Business Se...
Telkom Indonesia Formalizes New Head of Internal Audit Unit in October 2026 Regulatory Filings
PT Telekomunikasi Indonesia Tbk reported to the U.S. Securities and Exchange Commission on October 2, 2026, via a Form 6‑K filing, confirming corporate actions taken in line with Indonesian regulatory requirements for internal audit governance. The d...
Telkom Indonesia Advances Fiber Infrastructure Spin-Off, Ousts Top Executives at September EGM
On September 30, 2026, Telkom Indonesia convened an online extraordinary shareholders’ meeting with nearly 88% of voting shares represented, fulfilling quorum under Indonesian regulations and its Articles of Association. The state and private shareho...
Telkom Indonesia Overhauls Board, Appoints Nanang Hendarno as President Director
On 30 September 2026, PT Telekomunikasi Indonesia Tbk held an Extraordinary General Meeting of Shareholders that approved changes to its Board of Directors and Board of Commissioners, including appointing former Network Director Nanang Hendarno as Pr...
PT Telkom Indonesia Spins Off Wholesale Fiber Connectivity Business to Infrastructure Subsidiary
On September 30, 2026, PT Telkom Indonesia (Persero) Tbk executed a deed to spin off its wholesale fiber connectivity business segment into its controlled subsidiary PT Telkom Infrastruktur Indonesia (TIF). The move follows approval at Telkom’s Extra...
PT Telekomunikasi Indonesia Tbk Takes Full Control of Telkom Data Ekosistem
On September 17, 2026, PT Telekomunikasi Indonesia Tbk completed the purchase of all PT Sigma Cipta Caraka’s shares in PT Telkom Data Ekosistem, acquiring 1,445,020 Series A and more than 2.0 trillion Series B shares. The deal raises Telkom’s ownersh...
Telkom Indonesia Sets September EGMS to Advance Fiber Spin-Off and Management Changes
PT Telekomunikasi Indonesia Tbk has called an Extraordinary General Meeting of Shareholders for September 30, 2026, to be held electronically via KSEI’s eASY.KSEI platform, with eligibility based on the shareholder register and KSEI depository positi...
Telkom Indonesia Names Temporary Head of Internal Audit Unit
On August 7, 2026, PT Telekomunikasi Indonesia Tbk informed Indonesia’s Financial Services Authority of a leadership change in its internal audit function, in line with local regulations governing the appointment of internal audit heads. The company...
PT Telkom Indonesia Sets Fully Online Extraordinary Shareholders’ Meeting for September 30, 2026
PT Telkom Indonesia has announced that it will convene an Extraordinary General Meeting of Shareholders (EGMS) for 2026 on Wednesday, September 30, 2026, at 14:00 Western Indonesia Time, to be held fully online via the KSEI Electronic General Meeting...
Telkom Indonesia to Spin Off Phase‑2 Wholesale Fiber Connectivity Business to Infrastructure Subsidiary
On 7 August 2026, Telkom Indonesia announced a Phase‑2 spin‑off of its Wholesale Fiber Connectivity Business Segment, transferring part of its wholesale fiber connectivity assets and liabilities to its 99.9%-owned subsidiary PT Telkom Infrastruktur I...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 04, 2026