
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


Telkom Indonesia (Persero) Tbk PT ADR Rep 100 B (TLK)


- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)

(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/15/2025: TLK (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $18.89
1 Year Target Price $18.89
0 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 10.43% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() | ![]() |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 17.88B USD | Price to earnings Ratio 12.99 | 1Y Target Price 18.89 |
Price to earnings Ratio 12.99 | 1Y Target Price 18.89 | ||
Volume (30-day avg) 1 | Beta 0.19 | 52 Weeks Range 12.20 - 20.98 | Updated Date 10/17/2025 |
52 Weeks Range 12.20 - 20.98 | Updated Date 10/17/2025 | ||
Dividends yield (FY) 7.22% | Basic EPS (TTM) 1.39 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.48% | Operating Margin (TTM) 27.35% |
Management Effectiveness
Return on Assets (TTM) 8.56% | Return on Equity (TTM) 19.92% |
Valuation
Trailing PE 12.99 | Forward PE 12.97 | Enterprise Value 21637121082 | Price to Sales(TTM) - |
Enterprise Value 21637121082 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue 2.44 | Enterprise Value to EBITDA 4.77 | Shares Outstanding 990604666 | Shares Floating 47372696337 |
Shares Outstanding 990604666 | Shares Floating 47372696337 | ||
Percent Insiders - | Percent Institutions 4.72 |
Upturn AI SWOT
Telkom Indonesia (Persero) Tbk PT ADR Rep 100 B

Company Overview
History and Background
Telkom Indonesia, founded in 1882, is the largest telecommunications company in Indonesia. Initially a state-owned postal and telegraph service, it has evolved into a comprehensive provider of telecommunications, information, media, edutainment, and other services. Listed on the NYSE as TLK, it represents American Depositary Receipts (ADRs), each representing 100 shares of the underlying Indonesian stock.
Core Business Areas
- Mobile: Telkomsel, a subsidiary, is the leading mobile operator in Indonesia. Services include voice, SMS, and data services.
- Fixed Line: Provides fixed-line telephone services, internet access, and data communication.
- Enterprise: Offers ICT solutions, cloud services, and data center services to corporate clients.
- Wholesale and International: Provides wholesale telecommunications services and manages international partnerships.
- Digital Business: Focuses on developing and offering digital services like e-commerce, digital advertising, and fintech solutions.
Leadership and Structure
The company is led by a Board of Directors and a Board of Commissioners. Key executives include the CEO and CFO. The organizational structure is divided into business units based on the core business areas mentioned above.
Top Products and Market Share
Key Offerings
- Mobile Services (Telkomsel): Provides mobile voice, SMS, and data services. Telkomsel holds a significant market share in Indonesia, estimated to be around 45-50%. Competitors include Indosat Ooredoo Hutchison (IOH) and XL Axiata. Reported revenues for Mobile Services in 2022 were around IDR 65 trillion (USD 4.3 billion)
- Fixed Broadband (IndiHome): Offers fixed broadband internet services to homes and businesses. IndiHome is the market leader in Indonesia's fixed broadband market, holding around 85% market share. Competitors include Biznet and MyRepublic. Estimated Revenue of IDR 28 Trillion in 2022 (USD 1.8 Billion).
- Enterprise Solutions: Provides ICT solutions, cloud services, and data center services to enterprises. Market share varies by specific solution. Competitors include local system integrators and international cloud providers.
Market Dynamics
Industry Overview
The Indonesian telecommunications industry is characterized by strong mobile penetration and growing demand for data services. The market is competitive, with several major players vying for market share. There's significant investment in infrastructure development to support increasing data consumption.
Positioning
Telkom Indonesia is the dominant player in the Indonesian telecommunications market, benefiting from its extensive infrastructure, strong brand recognition, and diversified service offerings. Its competitive advantage lies in its scale, integrated services, and relationships with the Indonesian government.
Total Addressable Market (TAM)
The TAM for telecommunications in Indonesia is estimated to reach USD 30 billion by 2025, driven by increasing internet penetration, mobile data consumption, and demand for digital services. Telkom Indonesia is well-positioned to capture a significant portion of this TAM through its mobile, fixed broadband, and enterprise solutions.
Upturn SWOT Analysis
Strengths
- Dominant market share in Indonesia
- Extensive infrastructure network
- Strong brand recognition
- Diversified service portfolio
- Government support and relationships
Weaknesses
- Bureaucratic processes due to state ownership
- Slower innovation compared to private competitors
- Dependence on legacy systems in some areas
- Exposure to regulatory changes
Opportunities
- Growing demand for data services and digital solutions
- Expansion into new digital business areas (fintech, e-commerce)
- Infrastructure development projects
- Strategic partnerships with international companies
Threats
- Intense competition from local and international players
- Rapid technological changes and disruption
- Regulatory uncertainties
- Economic fluctuations in Indonesia
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- ADR Indosat Ooredoo Hutchison (IOH.JK)
- PT XL Axiata Tbk (EXCL.JK)
Competitive Landscape
Telkom Indonesia maintains a competitive edge through its scale and integrated service offerings. However, smaller, more agile competitors are challenging its dominance in specific market segments.
Major Acquisitions
Mitratel
- Year: 2021
- Acquisition Price (USD millions): 0
- Strategic Rationale: Spin-off to create focus and value in tower infrastructure
Growth Trajectory and Initiatives
Historical Growth: Telkom Indonesia has experienced steady growth driven by increasing mobile and broadband adoption in Indonesia. Digital services are emerging as a key growth driver.
Future Projections: Analysts project continued growth in revenue and profitability, driven by expansion in digital services and increasing data consumption. Growth rates are expected to be in the range of 5-7% annually.
Recent Initiatives: Recent initiatives include investments in 5G infrastructure, expansion of cloud services, and development of digital platforms for e-commerce and fintech.
Summary
Telkom Indonesia is the dominant telecommunications provider in Indonesia, benefiting from its large market share, extensive infrastructure, and strong brand. While it faces competition and must adapt to technological changes, its diversified service offerings and government support position it well for future growth. Key growth drivers include digital services and infrastructure development. However, they should pay special attention to smaller company and what that competition is bringing to the market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Telkom Indonesia Annual Reports
- Industry Analyst Reports
- Market Research Data
- Company Press Releases
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Telkom Indonesia (Persero) Tbk PT ADR Rep 100 B
Exchange NYSE | Headquaters - | ||
IPO Launch date 1995-11-14 | CEO - | ||
Sector Communication Services | Industry Telecom Services | Full time employees 19319 | Website https://www.telkom.co.id |
Full time employees 19319 | Website https://www.telkom.co.id |
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through Mobile, Consumer, Enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, mobile broadband, and value added services. The Consumer segment provides fixed wireline, pay TV, and internet services; and other telecommunication services to home customers. The Enterprise segment offers end-to-end solution to corporate and institutions. The Wholesale and International Business segment provides interconnection services, broadband access, information technology services, data, and internet services to other licensed operator and institutions. The Other segment offers digital content products, big data, business-to-business commerce, and financial services to individual and corporate customers. The company also engages in leasing of towers, and provision of digital support and other telecommunication services; provision of consultation service of hardware, software, data center, and internet exchange, as well as multimedia portal services; business management consulting; property development and management; trading service related to telecommunication, information, multimedia technology, entertainment, and investment services; and digital content exchange hub services. The company was founded in 1884 and is headquartered in Bandung, Indonesia. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk operates as a subsidiary of Pt. Biro Klasifikasi Indonesia (Persero).

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.