ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Communications

PT Telkom 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 Telkom Indonesia (Persero) Tbk is a holding company, which 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, SMS, value added services and, mobile broadband. The Consumer segment offers fixed wire line telecommunications services, pay television, data, and internet services to home customers. The Enterprise segment provides end-to-end solution to corporate and institutions. The WIB segment is composed of interconnection services, leased lines, satellite, VSAT, broadband access, information technology services, data and Internet services to Other Licensed Operator companies and institutions. The Others segment deals with Digital Service Operating Segments that does not meet the disclosure requirements for a reportable segments. The company was founded on September 24, 1991 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2021 IDRUSD
Revenue143,210.00B10,018.27M
Gross Profit53,335.00B3,731.05M
Operating income44,686.00B3,126.01M
Income before tax43,678.00B3,055.50M
Net income24,760.00B1,732.08M
EBITDA77,253.00B5,404.24M
Diluted EPS249.940.01
Dividends Per Share----
Total Assets277,184.00B19,448.09M
Total liabilities131,785.00B9,246.44M
Total equity121,646.00B8,535.06M
Operating cash flow68,353.00B4,781.64M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 128,256.00B 130,784.00B 135,567.00B 136,462.00B 143,210.00B
Gross Profit 55,150.00B 48,504.00B 52,725.00B 53,970.00B 53,335.00B
Operating income 44,360.00B 38,334.00B 42,305.00B 43,977.00B 44,686.00B
Income before tax 42,659.00B 36,405.00B 37,908.00B 38,775.00B 43,678.00B
Net income 22,145.00B 18,032.00B 18,663.00B 20,804.00B 24,760.00B
EBITDA 64,347.00B 59,362.00B 65,224.00B 73,121.00B 77,253.00B
Diluted EPS 223.55 182.02 188.39 210.00 249.94
Dividends Per Share 167.65 163.82 154.06 168.01 --
Total Assets 198,484.00B 206,196.00B 221,208.00B 246,943.00B 277,184.00B
Total liabilities 86,354.00B 88,893.00B 103,958.00B 126,054.00B 131,785.00B
Total equity 92,713.00B 98,910.00B 99,561.00B 102,527.00B 121,646.00B
Operating cash flow 49,433.00B 45,680.00B 54,960.00B 65,322.00B 68,353.00B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 9,584.36M 9,186.34M 9,586.38M 9,384.18M 10,018.27M
Gross Profit 4,121.27M 3,406.94M 3,728.35M 3,711.39M 3,731.05M
Operating income 3,314.95M 2,692.60M 2,991.52M 3,024.20M 3,126.01M
Income before tax 3,187.83M 2,557.10M 2,680.59M 2,666.47M 3,055.50M
Net income 1,654.86M 1,266.57M 1,319.72M 1,430.64M 1,732.08M
EBITDA 4,808.54M 4,169.62M 4,612.20M 5,028.36M 5,404.24M
Diluted EPS 0.01 0.01 0.01 0.01 0.01
Dividends Per Share 0.01 0.01 0.01 0.01 --
Total Assets 14,629.37M 14,339.08M 15,934.30M 17,576.01M 19,448.09M
Total liabilities 6,364.76M 6,181.71M 7,488.42M 8,971.81M 9,246.44M
Total equity 6,833.46M 6,878.30M 7,171.69M 7,297.29M 8,535.06M
Operating cash flow 3,694.04M 3,208.59M 3,886.40M 4,492.04M 4,781.64M

Valuation Measures

Dec 2021
PER16.16
ROA9.44%
ROE22.09%
Operating margin31.20%
Profit margin17.28%

Key executives

  • President Director: Ririek Adriansyah
  • CFO, Director-Finance & Risk Management: Heri Supriadi
  • Director-Network & Information Technology Solution: Herlan Wijanarko
  • Vice President-Legal & Compliance: Junian Sidharta
  • Director-Enterprise & Business Service: Edi Witjara

Shareholders

  • Government of Indonesia (52.0%)
  • The Vanguard Group, Inc. (1.4%)
  • BlackRock Fund Advisors (1.0%)
  • Harding Loevner LP (0.9%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (0.4%)
  • PT Schroder Investment Management Indonesia (0.4%)
  • BlackRock Advisors (UK) Ltd. (0.4%)
  • Wellington Management Co. LLP (0.4%)
  • JPMorgan Asset Management (UK) Ltd. (0.4%)
  • Vontobel Asset Management, Inc. (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: +62.21.80863539

Related Companies

  • PT Satelit Multimedia Indonesia
  • PT Metraplasa
  • PT Graha Yasa Selaras
  • PT Nusantara Sukses Investasi
  • Telekomunikasi Indonesia International SA
  • PT Telkom Landmark Tower
  • PT Napsindo Primatel Internasional
  • Indigo Creative Nation
  • Telkom Pension Fund
  • PT Jalin Pembayaran Nusantara
  • PT Persada Sokka Tama
  • Telekomunikasi Indonesia International Pte Ltd.
  • Telekomunikasi Indonesia International (HongKong) Ltd.
  • PT Metra-Net
  • PT Melon Indonesia
  • 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 Telkom Satelit Indonesia
  • Yayasan Kesehatan Pegawai Telkom
  • PT Telekomunikasi Indonesia International
  • PT Multimedia Nusantara
  • PT Dayamitra Telekomunikasi
  • PT Graha Sarana Duta

Competitors

  • PT Sarana Menara Nusantara Tbk
  • PT Indosat Tbk Class B
  • Nippon Telegraph and Telephone Corporation
  • CK Hutchison Holdings Ltd
  • PT XL Axiata Tbk
  • PT MNC Vision Networks Tbk Class A
  • Sunevision Holdings Ltd.
  • PT Solusi Tunas Pratama Tbk
  • Equinix, Inc.
  • PT Centratama Telekomunikasi Indonesia Tbk
  • PT Tower Bersama Infrastructure Tbk
  • PT DCI Indonesia Tbk
  • PT Perusahaan Gas Negara Tbk Class B
  • Microsoft Corporation
  • Hong Kong Exchanges & Clearing Ltd.
  • Meta Platforms Inc. Class A
  • Singapore Exchange Ltd.
Last Updated on 27 May, 2022

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more