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Communications

PT Telekomunikasi Indonesia (Persero) Tbk

Company Background

Before becoming Telekomunikasi Indonesia's president in 2012, Arief Yahya managed regional operations for the company in Kalimantan and East Java. As president, he has stepped up efforts to accelerate the company's global reach. In Australia, the company, more commonly called Telkom, acquired a call center provider and agreed to form a joint venture with telecommunications giant Telstra. It also plans to invest $400 million in laying submarine cables, which will boost Internet connections from Indonesia to the U.S. and Europe. Yahya left the company to join Joko Widodo's cabinet in October 2014.

 

The Indonesian government owns a majority stake in Telkom as well as voting and veto rights. Telkom's crown jewel is the mobile operator unit Telkomsel, in which Singapore Telecommunications, better than as SingTel, holds a 35% stake. Telkomsel has more than 130 million mobile subscribers and is the largest contributor to Telkom's revenues.

 

Telkom went public in 1995. In addition to being listed on the local stock market, Telkom shares are also traded on the New York Stock Exchange.

Business Summary

PT Telekomunikasi Indonesia (Persero) Tbk is a holding company. The firm engages in the provision of telecommunications, information, and technology services. It operates through the following segments: Mobile, Consumer, Enterprise, Wholesale and International Business (WIB), and Others. The Mobile segment provides mobile voice, short message services, value added services, and mobile broadband. The Consumer segment offers fixed wireline telecommunications services, pay television, data, and internet services to home customers. The Enterprise segment provides end-to-end solution to corporate and institutions. The Others segment includes interconnection services, leased lines, satellite, VSAT, broadband access, information technology services, data and internet services to other licensed operator companies and institutions. The company was founded on September 24, 1991 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2019 IDRUSD
Revenue135,567.00B9,586.38M
Gross Profit52,725.00B3,728.35M
Operating income42,305.00B2,991.52M
Income before tax37,908.00B2,680.59M
Net income18,663.00B1,319.72M
EBITDA65,224.00B4,612.20M
Diluted EPS188.390.01
Dividends Per Share154.060.01
Total Assets221,208.00B15,934.30M
Total liabilities103,958.00B7,488.42M
Total equity99,561.00B7,171.69M
Operating cash flow54,960.00B3,886.40M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 102,470.00B 116,333.00B 128,256.00B 130,784.00B 135,567.00B
Gross Profit 41,770.00B 50,471.00B 55,150.00B 48,504.00B 52,725.00B
Operating income 34,291.00B 41,863.00B 44,360.00B 38,334.00B 42,305.00B
Income before tax 31,342.00B 38,189.00B 42,659.00B 36,405.00B 37,908.00B
Net income 15,489.00B 19,352.00B 22,145.00B 18,032.00B 18,663.00B
EBITDA 51,415.00B 59,632.00B 64,347.00B 59,362.00B 65,224.00B
Diluted EPS 157.77 196.19 223.55 182.02 188.39
Dividends Per Share 94.63 136.74 167.65 163.82 154.06
Total Assets 166,173.00B 179,611.00B 198,484.00B 206,196.00B 221,208.00B
Total liabilities 72,745.00B 74,067.00B 86,354.00B 88,893.00B 103,958.00B
Total equity 75,136.00B 84,384.00B 92,713.00B 98,910.00B 99,561.00B
Operating cash flow 43,687.00B 47,254.00B 49,433.00B 45,680.00B 54,960.00B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 7,648.58M 8,746.57M 9,584.36M 9,186.34M 9,586.38M
Gross Profit 3,117.80M 3,794.69M 4,121.27M 3,406.94M 3,728.35M
Operating income 2,559.55M 3,147.49M 3,314.95M 2,692.60M 2,991.52M
Income before tax 2,339.43M 2,871.26M 3,187.83M 2,557.10M 2,680.59M
Net income 1,156.13M 1,454.99M 1,654.86M 1,266.57M 1,319.72M
EBITDA 3,837.73M 4,483.47M 4,808.54M 4,169.62M 4,612.20M
Diluted EPS 0.01 0.01 0.01 0.01 0.01
Dividends Per Share 0.00 0.01 0.01 0.01 0.01
Total Assets 12,054.62M 13,331.67M 14,629.37M 14,339.08M 15,934.30M
Total liabilities 5,277.11M 5,497.64M 6,364.76M 6,181.71M 7,488.42M
Total equity 5,450.56M 6,263.42M 6,833.46M 6,878.30M 7,171.69M
Operating cash flow 3,260.89M 3,552.82M 3,694.04M 3,208.59M 3,886.40M

Valuation Measures

Dec 2019
PER21.07
ROA8.73%
ROE18.80%
Operating margin31.20%
Profit margin13.76%

Key executives

  • President Director: Ririek Adriansyah
  • Finance Director: Heri Supriadi
  • Director-Network & IT Solution: Zulhelfi Abidin
  • Vice President-Legal & Compliance: Junian Sidharta
  • Director-Enterprise & Business Service: Bogi Witjaksono

Shareholders

  • Government of Indonesia (52.0%)
  • The Vanguard Group, Inc. (1.6%)
  • Vontobel Asset Management AG (0.9%)
  • Comgest SA (0.9%)
  • BlackRock Fund Advisors (0.8%)
  • Matthews International Capital Management LLC (0.5%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (0.4%)
  • Norges Bank Investment Management (0.4%)
  • PT Schroder Investment Management Indonesia (0.4%)
  • BlackRock Advisors (UK) Ltd. (0.3%)

Contact Details

  • Website:http://www.telkom.co.id
  • Address: Telkom Landmark Tower, 39-nd floor, Jl. Jendral Gatot Subroto Kav. 52, Jakarta, 12710, Indonesia
  • Phone: +62.21.5215328

Related Companies

  • PT Jalin Pembayaran Nusantara
  • Telekomunikasi Indonesia International Pte Ltd.
  • Telekomunikasi Indonesia International (Hongkong) Ltd.
  • PT Sarana Usaha Sejahterainsanpalapa
  • PT Telkom Akses
  • PT Infrastruktur Telekomunikasi Indonesia
  • Metra Digital Innovation
  • Telekomunikasi Indonesia International Australia Pty Ltd.
  • PT PINS Indonesia
  • PT Pembangunan Telekomunikasi Indonesia
  • PT Starone Mitra Telekomunikasi
  • PT Finnet Indonesia
  • PT Patra Telekomunikasi Indonesia
  • Yayasan Kesehatan Pegawai Telkom
  • PT Telekomunikasi Indonesia International
  • PT Multimedia Nusantara
  • PT Dayamitra Telekomunikasi
  • PT Graha Sarana Duta
  • PT Telekomunikasi Selular
  • PT Pramindo Ikat Nusantara

Competitors

  • Nippon Telegraph and Telephone Corporation
  • PT Indosat Tbk Class B
  • PT XL Axiata Tbk
  • PT First Media Tbk
  • Sunevision Holdings Ltd.
  • PT Smartfren Telecom Tbk Class A
  • PT MNC Vision Networks Tbk Class A
  • CK Hutchison Holdings Ltd
  • PT Dian Swastatika Sentosa Tbk
  • PT Sarana Menara Nusantara Tbk
  • PT Solusi Tunas Pratama Tbk
  • Equinix, Inc.
  • PT Tower Bersama Infrastructure Tbk
  • PT Perusahaan Gas Negara Tbk Class B
  • LINE Corp.
  • Facebook, Inc. Class A
  • Hong Kong Exchanges & Clearing Ltd.
  • Microsoft Corporation
  • Singapore Exchange Ltd.
  • Singapore Telecommunications Limited
Last Updated on 21 Sep, 2020

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