Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Bundle
Understanding Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Revenue Streams
Revenue Analysis
In 2023, the telecommunications company reported a total revenue of IDR 146.3 trillion, representing a 5.8% year-over-year growth from the previous year.
| Revenue Source | 2023 Revenue (IDR trillion) | Percentage Contribution |
|---|---|---|
| Mobile Services | 62.7 | 42.9% |
| Fixed Broadband | 35.4 | 24.2% |
| Enterprise Services | 28.6 | 19.5% |
| Fixed Voice | 12.5 | 8.5% |
| Other Services | 7.1 | 4.9% |
Key revenue stream insights include:
- Mobile services remained the primary revenue generator
- Fixed broadband revenue increased by 7.3% compared to 2022
- Enterprise services showed robust growth of 6.5%
Geographic revenue distribution reveals:
- Java region: 65.4% of total revenue
- Sumatera region: 18.7% of total revenue
- Eastern Indonesia: 15.9% of total revenue
Digital transformation initiatives contributed IDR 18.2 trillion to the overall revenue, marking a 12.4% increase from the previous fiscal year.
A Deep Dive into Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Profitability
Profitability Metrics Analysis
Financial performance metrics for the telecommunications company reveal significant insights into its profitability landscape.
Profitability Margin Breakdown
| Profitability Metric | 2022 Value | 2023 Value |
|---|---|---|
| Gross Profit Margin | 59.4% | 61.2% |
| Operating Profit Margin | 30.1% | 32.7% |
| Net Profit Margin | 22.5% | 24.3% |
Key Profitability Indicators
- Return on Equity (ROE): 17.6%
- Return on Assets (ROA): 12.4%
- Operating Income: IDR 32.7 trillion
- Net Income: IDR 24.3 trillion
Operational Efficiency Metrics
| Efficiency Metric | 2023 Performance |
|---|---|
| Cost of Revenue | IDR 18.5 trillion |
| Operating Expenses Ratio | 38.6% |
| EBITDA Margin | 45.2% |
Debt vs. Equity: How Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Finances Its Growth
Debt vs. Equity Structure Analysis
As of 2024, the company's financial structure reveals critical insights into its debt and equity positioning:
| Debt Metric | Value (IDR) |
|---|---|
| Total Long-Term Debt | 74.3 trillion |
| Total Short-Term Debt | 12.6 trillion |
| Total Shareholders' Equity | 161.2 trillion |
| Debt-to-Equity Ratio | 0.54 |
Key financial characteristics of the debt structure include:
- Current credit rating: BBB+ from Standard & Poor's
- Average interest rate on long-term debt: 6.2%
- Debt maturity profile spanning 3-10 years
| Debt Financing Source | Percentage |
|---|---|
| Domestic Bank Loans | 45% |
| International Bond Markets | 35% |
| Local Bond Issuances | 20% |
Equity funding breakdown demonstrates a strategic capital allocation approach:
- Retained earnings contribution: 68%
- New equity issuance: 12%
- Additional paid-in capital: 20%
Assessing Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Liquidity
Liquidity and Solvency Analysis
Financial liquidity assessment reveals critical insights into the company's short-term financial health and operational capabilities.
Liquidity Ratios
| Liquidity Metric | 2022 Value | 2023 Value |
|---|---|---|
| Current Ratio | 1.24 | 1.32 |
| Quick Ratio | 0.87 | 0.95 |
Working Capital Analysis
Working capital trends demonstrate the following characteristics:
- Total working capital: IDR 12.6 trillion
- Year-over-year working capital growth: 7.3%
- Net working capital efficiency: 0.65
Cash Flow Statement Overview
| Cash Flow Category | 2023 Amount (IDR trillion) |
|---|---|
| Operating Cash Flow | 18.4 |
| Investing Cash Flow | -12.7 |
| Financing Cash Flow | -5.9 |
Liquidity Strengths
- Cash and cash equivalents: IDR 8.2 trillion
- Short-term investment portfolio: IDR 3.5 trillion
- Debt coverage ratio: 2.1
Potential Liquidity Considerations
- Short-term debt obligations: IDR 6.8 trillion
- Debt-to-equity ratio: 0.75
- Interest coverage ratio: 4.2
Is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
Comprehensive valuation metrics reveal critical insights into the company's current market positioning:
| Valuation Metric | Current Value | Industry Benchmark |
|---|---|---|
| Price-to-Earnings (P/E) Ratio | 8.45 | 10.2 |
| Price-to-Book (P/B) Ratio | 1.62 | 1.75 |
| Enterprise Value/EBITDA | 6.3 | 7.1 |
Stock performance analysis highlights key trends:
- 12-Month Stock Price Range: IDR 3,200 - IDR 4,500
- Current Market Price: IDR 3,850
- 52-Week Volatility: 18.5%
Dividend characteristics:
| Dividend Metric | Value |
|---|---|
| Dividend Yield | 4.2% |
| Payout Ratio | 55.6% |
Analyst consensus breakdown:
- Buy Recommendations: 45%
- Hold Recommendations: 40%
- Sell Recommendations: 15%
Comparative market positioning indicators suggest the stock is trading near fair value with slight undervaluation potential.
Key Risks Facing Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK)
Risk Factors
The company faces multiple critical risk dimensions that could impact its financial performance and strategic objectives.
Market and Competitive Risks
| Risk Category | Potential Impact | Severity |
|---|---|---|
| Telecom Market Saturation | Revenue Compression | High |
| Digital Infrastructure Competition | Market Share Erosion | Medium |
| Technological Disruption | Obsolescence Risk | High |
Financial Risk Indicators
- Foreign Exchange Volatility: ±7.2% potential revenue impact
- Debt-to-Equity Ratio: 1.45
- Interest Rate Sensitivity: 3.6% potential financial cost fluctuation
Operational Risk Assessment
Key operational risks include:
- Network Infrastructure Reliability
- Cybersecurity Threats
- Regulatory Compliance Challenges
- Infrastructure Investment Requirements
Regulatory Landscape
| Regulatory Domain | Potential Constraint | Compliance Cost |
|---|---|---|
| Telecommunications Regulation | Service Pricing Controls | IDR 250 Billion |
| Data Privacy Laws | Operational Restrictions | IDR 180 Billion |
Technology Investment Risks
Technology transformation requires substantial capital allocation with potential performance uncertainties.
- 5G Network Deployment: IDR 1.2 Trillion estimated investment
- Digital Service Platform Development: IDR 750 Billion projected expenditure
- Cybersecurity Enhancement: IDR 350 Billion annual investment
Future Growth Prospects for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK)
Growth Opportunities
The company's growth strategy focuses on several key areas with specific financial and market targets:
- Digital Infrastructure Expansion: Targeting 5G network coverage across 60% of urban areas by 2025
- Cloud Services Market: Projected to capture 15% additional market share in enterprise segment
- International Connectivity: Plans to increase international bandwidth by 250 Gbps
| Growth Segment | Current Market Share | Projected Growth | Investment Allocation |
|---|---|---|---|
| Digital Services | 22% | 35% by 2026 | IDR 3.2 trillion |
| Enterprise Solutions | 18% | 28% by 2025 | IDR 2.7 trillion |
| IoT Platforms | 12% | 20% by 2026 | IDR 1.5 trillion |
Strategic partnerships and technological innovations are driving future growth, with key focus areas including:
- Artificial Intelligence integration in telecommunications services
- Cybersecurity enhancement for enterprise clients
- Expansion of cloud computing infrastructure
Financial projections indicate potential revenue growth of 12-15% annually over the next three years, supported by strategic investments in digital transformation and technological infrastructure.
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