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TLK logo TLK
Upturn stock rating
TLK logo

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

Upturn stock rating
$18.74
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

10/15/2025: TLK (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $18.89

1 Year Target Price $18.89

Analysts Price Target For last 52 week
$18.89 Target price
52w Low $12.2
Current$18.74
52w High $20.98

Analysis of Past Performance

Type Stock
Historic Profit 10.43%
Avg. Invested days 50
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/15/2025

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

ai summary icon Upturn AI SWOT

Telkom Indonesia (Persero) Tbk PT ADR Rep 100 B

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization 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
Full time employees 19319

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).