Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia (TLKM) Stock Overview
Provides information and communications technology, and telecommunications network services worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
TLKM Community Fair Values
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Analyst Price Targets
Top Community Narratives
Rp3.03k
FV
15.0% undervalued intrinsic discount12.29%
Revenue growth p.a.
46
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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | Rp2,580.00 |
| 52 Week High | Rp3,990.00 |
| 52 Week Low | Rp2,350.00 |
| Beta | 0.10 |
| 1 Month Change | -11.64% |
| 3 Month Change | -15.41% |
| 1 Year Change | -2.27% |
| 3 Year Change | -34.68% |
| 5 Year Change | -20.62% |
| Change since IPO | 942.42% |
Recent News & Updates
Narrative Update • Jun 08
TLKM: Share Buyback Will Support Future Equity Value Unlock
Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,887.27 to IDR 3,672.95, reflecting updated assumptions around slightly softer revenue growth, a modestly higher profit margin, and a lower future P/E multiple. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced a share repurchase program of up to 10% of issued share capital, with a maximum allocation of IDR 1,000,000 million funded from the company's cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026.
Narrative Update • May 25
TLKM: Share Buyback And Governance Delays Will Shape Fairly Valued Outlook
Analysts now see fair value for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at about IDR 3,023.79 per share, down from roughly IDR 3,169.91, reflecting updated assumptions for slower revenue growth, slightly higher profit margins, and a modestly lower future P/E multiple. What's in the News Announced a share repurchase program to buy back up to 10% of issued share capital, with funding of IDR 1,000,000 million sourced from existing cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026 (Key Developments).
Narrative Update • May 08
TLKM: Share Buyback And Data Center Stake Sale Will Unlock Value
Analysts keep the fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia steady at IDR 4,500, with modest tweaks to revenue growth, profit margin, and future P/E assumptions shaping the updated price target narrative. What's in the News The company announced a share repurchase program to buy back up to 10% of its issued share capital, with a total allocation of IDR 1,000,000 million funded from existing cash, subject to shareholder approval at a General Meeting scheduled for June 8, 2026 (company announcement).Recent updates
Narrative Update • Jun 08
TLKM: Share Buyback Will Support Future Equity Value Unlock
Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,887.27 to IDR 3,672.95, reflecting updated assumptions around slightly softer revenue growth, a modestly higher profit margin, and a lower future P/E multiple. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced a share repurchase program of up to 10% of issued share capital, with a maximum allocation of IDR 1,000,000 million funded from the company's cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026.Narrative Update • May 25
TLKM: Share Buyback And Governance Delays Will Shape Fairly Valued Outlook
Analysts now see fair value for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at about IDR 3,023.79 per share, down from roughly IDR 3,169.91, reflecting updated assumptions for slower revenue growth, slightly higher profit margins, and a modestly lower future P/E multiple. What's in the News Announced a share repurchase program to buy back up to 10% of issued share capital, with funding of IDR 1,000,000 million sourced from existing cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026 (Key Developments).Narrative Update • May 08
TLKM: Share Buyback And Data Center Stake Sale Will Unlock Value
Analysts keep the fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia steady at IDR 4,500, with modest tweaks to revenue growth, profit margin, and future P/E assumptions shaping the updated price target narrative. What's in the News The company announced a share repurchase program to buy back up to 10% of its issued share capital, with a total allocation of IDR 1,000,000 million funded from existing cash, subject to shareholder approval at a General Meeting scheduled for June 8, 2026 (company announcement).Narrative Update • Apr 22
TLKM: Data Center Stake Sale Will Unlock Future Capital Benefits
Analysts have maintained their IDR4,500 price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, citing updated assumptions that reflect a modestly higher revenue growth outlook, slightly stronger profit margins, a lower discount rate, and a somewhat reduced future P/E multiple. What's in the News Telkom Indonesia is exploring a potential sale of a majority stake in its data center unit, NeutraDC, with a targeted valuation in the US$1b to US$1.5b range.Narrative Update • Apr 08
TLKM: NeutraDC Stake Talks And Governance Events Will Shape Fairly Valued Outlook
Analysts now see Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia's fair value holding at IDR 3,169.91, with the modest shifts in discount rate, revenue growth and profit margin assumptions resulting in only a slight tweak in the implied future P/E outlook. What's in the News M&A discussions are ongoing around a potential sale of a majority stake in Telkom Indonesia's data center unit, NeutraDC.Narrative Update • Mar 24
TLKM: NeutraDC Stake Review And Governance Moves Will Shape Fairly Valued Outlook
Analysts have made a small upward adjustment to their IDR price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR3,169.91 from IDR3,167.87, reflecting updated assumptions around revenue growth, profit margin, discount rate, and future P/E levels. What's in the News M&A discussions are underway as Telkom Indonesia considers selling a stake in its data center unit, NeutraDC.Narrative Update • Mar 09
TLKM: Data Center Stake Sale And Spin Off Will Unlock Equity Value
Analysts have maintained their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at IDR 3,887.27 per share. They have made minor adjustments to assumptions around the discount rate, revenue growth, profit margin, and future P/E to reflect updated modelling inputs.Narrative Update • Feb 23
TLKM: Governance Changes And Share Buybacks Will Shape Fairly Valued Outlook
Analysts have slightly raised their IDR fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,106.86 to IDR 3,167.87, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E levels. What's in the News The company approved amendments to its Articles of Association at an Extraordinary General Meeting held on December 12, 2025, signaling changes to its formal governance framework (Key Developments).Narrative Update • Feb 09
TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Equity Value
Analysts have lifted their price target on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 4,000 from IDR 3,400, citing expectations that the infrastructure spinoff and streamlining efforts could help surface additional value in the business. Analyst Commentary Bullish Takeaways Bullish analysts highlight the higher price target of IDR 4,000 as a reflection of what they see as underrecognized value tied to the planned infrastructure spinoff and streamlining plans.Narrative Update • Jan 25
TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Capital Benefits
Analysts have nudged their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia slightly higher to IDR 4,500, citing updated assumptions on growth, margins and future P/E, along with recent Street research highlighting potential capital benefits from the company’s infrastructure spinoff and streamlining plans. Analyst Commentary Recent Street commentary has turned more constructive on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, with bullish analysts pointing to valuation support and potential capital benefits from the planned infrastructure spinoff and streamlining efforts.Narrative Update • Jan 10
TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Capital Upside
Analysts have lifted their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,900 to about IDR 4,497, citing expectations that the market is still not fully reflecting the potential capital benefits from the company’s infrastructure spinoff and streamlining plans. Analyst Commentary Recent research has highlighted a more constructive tone around Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, with some bullish analysts revisiting their valuation frameworks in light of the planned infrastructure spinoff and broader streamlining plans.Narrative Update • Dec 22
TLKM: Infrastructure Spinoff Execution Risks Will Likely Limit Future Upside Potential
Analysts have raised their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 2,900 to about IDR 3,107, citing improving long term revenue growth and profit margin assumptions, as well as the potential capital unlock from ongoing infrastructure spinoff and streamlining initiatives. Analyst Commentary Recent rating and target price upgrades highlight growing confidence that the company can monetize its infrastructure assets and sustain mid single digit revenue growth.Narrative Update • Dec 08
TLKM: Infrastructure Spinoff And EGM Decisions Will Shape 2025 Margin Outlook
Analysts have raised their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,656.96 to IDR 3,801.82, citing increasing confidence that the market is underestimating potential capital unlocked from ongoing infrastructure spinoff and streamlining initiatives. Analyst Commentary Bullish analysts highlight that the recent upgrade reflects growing conviction that the market is underestimating the value that could be realized from Telekom Indonesia's infrastructure spinoff and operational streamlining.Narrative Update • Nov 24
TLKM: Upcoming Shareholder Votes And Margins Will Influence 2025 Outlook
Analysts have raised their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from Rp3,558.26 to Rp3,656.96, reflecting slight improvements in projected revenue growth and profit margins. What's in the News A proposal to amend the company’s articles of association will be discussed at the Extraordinary General Meeting scheduled for December 12, 2025 (Key Developments).Narrative Update • Nov 08
TLKM: Upcoming Shareholder Meetings And Improved Margins Will Shape Outlook
Analysts have raised their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia by approximately Rp41 to Rp3,558, citing improved forecasts for revenue growth and profit margin in their updated assessment. What's in the News Special/Extraordinary Shareholders Meeting scheduled for December 12, 2025 (Key Developments) Special/Extraordinary Shareholders Meeting will be held on September 16, 2025, in Jakarta, Indonesia.Narrative Update • Oct 25
Management Changes And Improved Margins Will Drive Digital Connectivity Forward
Analysts have slightly raised their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from Rp3,510 to approximately Rp3,517. This change reflects updated assumptions around revenue growth and market conditions.Narrative Update • Oct 11
One-billing Integration And Fiber Optics Will Boost Digital Connectivity
Analysts have raised their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from Rp3,458.70 to Rp3,510.00. This change reflects slight adjustments in revenue growth and profit margin expectations.Narrative Update • Sep 27
One-billing Integration And Fiber Optics Will Boost Digital Connectivity
A slight increase in the future P/E multiple, while revenue growth forecasts remain steady, underpins the upward revision in fair value, with the consensus price target rising from IDR3379 to IDR3459. What's in the News Special/Extraordinary Shareholders Meetings have been scheduled to discuss and consider changes to the company's management.Narrative Update • Sep 04
One-billing Integration And Fiber Optics Will Boost Digital Connectivity
As both revenue growth and net profit margin forecasts for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia remain stable, analysts have kept their fair value price target unchanged at IDR3379. What's in the News Special/Extraordinary Shareholders Meeting scheduled to consider changes to the company's management.
New Narrative • Nov 08
Telkom Indonesia's Integration And Expansion Strategies Poised To Boost Growth And Margins
Integration of fixed and mobile services can improve revenue and EBITDA margins through cost synergies and cross-selling opportunities.Shareholder Returns
| TLKM | ID Telecom | ID Market | |
|---|---|---|---|
| 7D | -9.8% | 1.4% | 2.2% |
| 1Y | -2.3% | 30.2% | -15.5% |
Return vs Industry: TLKM underperformed the ID Telecom industry which returned 30.2% over the past year.
Return vs Market: TLKM exceeded the ID Market which returned -15.5% over the past year.
Price Volatility
| TLKM volatility | |
|---|---|
| TLKM Average Weekly Movement | 8.5% |
| Telecom Industry Average Movement | 8.5% |
| Market Average Movement | 8.5% |
| 10% most volatile stocks in ID Market | 16.7% |
| 10% least volatile stocks in ID Market | 4.4% |
Stable Share Price: TLKM has not had significant price volatility in the past 3 months compared to the ID market.
Volatility Over Time: TLKM's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1884 | 18,539 | Dian Siswarini | 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.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Fundamentals Summary
| TLKM fundamental statistics | |
|---|---|
| Market cap | Rp255.08t |
| Earnings (TTM) | Rp16.61t |
| Revenue (TTM) | Rp147.29t |
15.4x
P/E Ratio1.7x
P/S RatioIs TLKM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TLKM income statement (TTM) | |
|---|---|
| Revenue | Rp147.29t |
| Cost of Revenue | Rp59.83t |
| Gross Profit | Rp87.46t |
| Other Expenses | Rp70.86t |
| Earnings | Rp16.61t |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 167.99 |
| Gross Margin | 59.38% |
| Net Profit Margin | 11.28% |
| Debt/Equity Ratio | 29.2% |
How did TLKM perform over the long term?
See historical performance and comparisonDividends
8.2%
Current Dividend Yield104%
Payout RatioDoes TLKM pay a reliable dividends?
See TLKM dividend history and benchmarks| Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia dividend dates | |
|---|---|
| Ex Dividend Date | Jun 18 2026 |
| Dividend Pay Date | Jul 10 2026 |
| Days until Ex dividend | 4 days |
| Days until Dividend pay date | 18 days |
Does TLKM pay a reliable dividends?
See TLKM dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/21 02:15 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 36 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Angus Mackintosh | Aletheia Analyst Network Limited |
| Anand Ramachandran | Barclays |
| Chris Lane | Bernstein |