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

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Upturn Advisory Summary
01/09/2026: TLK (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $24.1
1 Year Target Price $24.1
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 13.66% | Avg. Invested days 49 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 21.20B USD | Price to earnings Ratio 16.34 | 1Y Target Price 24.1 |
Price to earnings Ratio 16.34 | 1Y Target Price 24.1 | ||
Volume (30-day avg) 1 | Beta 0.01 | 52 Weeks Range 12.20 - 22.39 | Updated Date 01/9/2026 |
52 Weeks Range 12.20 - 22.39 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 6.01% | Basic EPS (TTM) 1.31 |
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 14.77% | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) 8.31% | Return on Equity (TTM) 18.31% |
Valuation
Trailing PE 16.34 | Forward PE 15.31 | Enterprise Value 23517258883 | Price to Sales(TTM) 2.41 |
Enterprise Value 23517258883 | Price to Sales(TTM) 2.41 | ||
Enterprise Value to Revenue 2.68 | Enterprise Value to EBITDA 5.27 | Shares Outstanding 990622166 | Shares Floating 47372696337 |
Shares Outstanding 990622166 | Shares Floating 47372696337 | ||
Percent Insiders - | Percent Institutions 5.3 |
Upturn AI SWOT
Telkom Indonesia (Persero) Tbk PT ADR Rep 100 B

Company Overview
History and Background
PT Telkom Indonesia (Persero) Tbk, commonly known as Telkom Indonesia, is Indonesia's national telecommunications company. Established in 1991, it has evolved from a state-owned enterprise providing basic telephony services to a diversified digital telecommunications company. Key milestones include the liberalization of the telecommunications sector in Indonesia, its privatization in 1995, and its subsequent expansion into mobile, internet, and digital services. Telkom Indonesia is a publicly listed company with a significant presence across the Indonesian archipelago.
Core Business Areas
- Mobile: Provides mobile voice, data, and digital services through its subsidiary Telkomsel, the largest mobile operator in Indonesia.
- Fixed Line and Internet: Offers fixed-line telephony, broadband internet (IndiHome), and enterprise solutions for businesses.
- Digital Business: Focuses on developing and investing in digital ecosystems, including cloud services, data centers, IoT, and digital content.
- Wholesale and International Business: Provides telecommunications infrastructure and services to other operators and international carriers.
Leadership and Structure
Telkom Indonesia is led by a Board of Commissioners and a Board of Directors. The Board of Commissioners oversees the company's policies and management, while the Board of Directors is responsible for the day-to-day operations. The company operates through various subsidiaries and business units, with Telkomsel being its most significant subsidiary in the mobile sector.
Top Products and Market Share
Key Offerings
- Product Name 1: Telkomsel Mobile Services (Voice, Data, SMS) - Dominant player in Indonesia's mobile market. Competitors include Indosat Ooredoo Hutchison (IOH) and XL Axiata. Market share of Telkomsel in terms of subscribers is approximately 55-60% as of recent reports. Revenue contribution is substantial, forming a large part of the company's overall revenue.
- Product Name 2: IndiHome Broadband Internet - One of the leading fixed broadband providers in Indonesia. Competitors include MNC Play, MyRepublic, and various smaller ISPs. Market share for IndiHome is significant in the fixed broadband segment, estimated to be around 30-40% in areas where it operates. This service is a growing contributor to revenue.
- Product Name 3: Enterprise Solutions (Cloud, Data Centers, ICT) - Offers a suite of digital solutions for businesses, including cloud hosting, data center services, and integrated ICT solutions. Competitors include local and international cloud providers and system integrators. Market share is emerging, with significant growth potential in the Indonesian enterprise digital transformation market.
Market Dynamics
Industry Overview
The Indonesian telecommunications industry is characterized by high mobile penetration, growing demand for data services, and increasing adoption of digital technologies. The market is competitive, with a few major players dominating the mobile and fixed broadband segments. Government initiatives promoting digital transformation and infrastructure development are key drivers.
Positioning
Telkom Indonesia is the incumbent telecommunications operator in Indonesia and holds a dominant position in several key segments, particularly mobile (through Telkomsel) and fixed broadband (IndiHome). Its extensive infrastructure network across the archipelago provides a significant competitive advantage. The company is actively investing in digital services to diversify its revenue streams and future-proof its business.
Total Addressable Market (TAM)
The TAM for telecommunications and digital services in Indonesia is vast, driven by a large population and a growing digital economy. This includes mobile services, fixed broadband, enterprise ICT solutions, and digital content. Telkom Indonesia, with its broad reach and diversified portfolio, is well-positioned to capture a significant share of this evolving TAM, especially as it continues to expand its digital offerings.
Upturn SWOT Analysis
Strengths
- Dominant market share in mobile and fixed broadband services through Telkomsel and IndiHome.
- Extensive national infrastructure network across Indonesia.
- Strong brand recognition and customer loyalty.
- Diversified business portfolio with growing digital segments.
- Government backing as a state-owned enterprise.
Weaknesses
- Dependence on traditional revenue streams which may face margin pressure.
- Bureaucratic structures associated with a state-owned enterprise.
- Challenges in rapidly adapting to disruptive digital innovations.
- High capital expenditure requirements for network expansion and upgrades.
Opportunities
- Growing demand for digital services and data consumption.
- Expansion of 5G network and related services.
- Growth in the enterprise digital transformation market.
- Development of IoT and smart city solutions.
- Strategic partnerships and acquisitions to enhance digital capabilities.
Threats
- Intensifying competition from other telecommunication providers and new digital players.
- Regulatory changes and government policies impacting the industry.
- Cybersecurity threats and data privacy concerns.
- Economic slowdown affecting consumer and enterprise spending.
- Technological obsolescence and the need for continuous innovation.
Competitors and Market Share
Key Competitors
- Indosat Ooredoo Hutchison Tbk PT (Indosat Ooredoo Hutchison)
- PT XL Axiata Tbk (XL Axiata)
Competitive Landscape
Telkom Indonesia's primary competitive advantages lie in its extensive infrastructure, strong brand, and diversified service offerings. Its main competitors, Indosat Ooredoo Hutchison and XL Axiata, are actively competing in the mobile and fixed broadband markets, often through aggressive pricing and bundled offers. Telkom's scale and government backing provide a solid foundation, but it must continuously innovate to maintain its lead, especially in the rapidly evolving digital landscape.
Growth Trajectory and Initiatives
Historical Growth: Telkom Indonesia has experienced consistent growth over the years, driven by the expansion of its network, increasing data usage, and diversification into digital services. Growth in mobile subscribers and broadband penetration has been a key factor.
Future Projections: Analyst projections generally indicate continued revenue growth, particularly from digital services and enterprise solutions. Investments in 5G and data centers are expected to be key growth drivers. Margin improvement may be a focus as the company optimizes operations and expands its higher-margin digital offerings.
Recent Initiatives: Recent initiatives include accelerating digital transformation, expanding 5G services, developing its data center business, and investing in new digital ecosystems. The company is also focused on improving customer experience and operational efficiency.
Summary
Telkom Indonesia is a dominant telecommunications player in Indonesia with strong market positions in mobile and broadband. Its extensive infrastructure and diversified digital offerings provide a solid foundation for growth. The company faces increasing competition and the need for continuous innovation in the rapidly evolving digital landscape. Focusing on its digital transformation and expanding its enterprise solutions will be crucial for sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Telkom Indonesia Investor Relations Website
- Financial News Outlets (e.g., Reuters, Bloomberg)
- Telecommunications Industry Reports
- Market Research Firms
Disclaimers:
This JSON output is for informational purposes only and should not be considered financial advice. Market share data and financial figures are estimates and can vary based on the source and reporting period. Investors should conduct their own due diligence before making any investment decisions.
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 19205 | Website https://www.telkom.co.id |
Full time employees 19205 | 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).

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