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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 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 WIB 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 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 2020 IDRUSD
Revenue136,462.00B9,384.18M
Gross Profit53,970.00B3,711.39M
Operating income43,977.00B3,024.20M
Income before tax38,775.00B2,666.47M
Net income20,804.00B1,430.64M
EBITDA73,121.00B5,028.36M
Diluted EPS210.000.01
Dividends Per Share168.010.01
Total Assets246,943.00B17,576.01M
Total liabilities126,054.00B8,971.81M
Total equity102,527.00B7,297.29M
Operating cash flow65,322.00B4,492.04M
Currency in IDRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 116,333.00B 128,256.00B 130,784.00B 135,567.00B 136,462.00B
Gross Profit 50,471.00B 55,150.00B 48,504.00B 52,725.00B 53,970.00B
Operating income 41,863.00B 44,360.00B 38,334.00B 42,305.00B 43,977.00B
Income before tax 38,189.00B 42,659.00B 36,405.00B 37,908.00B 38,775.00B
Net income 19,352.00B 22,145.00B 18,032.00B 18,663.00B 20,804.00B
EBITDA 59,632.00B 64,347.00B 59,362.00B 65,224.00B 73,121.00B
Diluted EPS 196.19 223.55 182.02 188.39 210.00
Dividends Per Share 136.74 167.65 163.82 154.06 168.01
Total Assets 179,611.00B 198,484.00B 206,196.00B 221,208.00B 246,943.00B
Total liabilities 74,067.00B 86,354.00B 88,893.00B 103,958.00B 126,054.00B
Total equity 84,384.00B 92,713.00B 98,910.00B 99,561.00B 102,527.00B
Operating cash flow 47,254.00B 49,433.00B 45,680.00B 54,960.00B 65,322.00B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 8,746.57M 9,584.36M 9,186.34M 9,586.38M 9,384.18M
Gross Profit 3,794.69M 4,121.27M 3,406.94M 3,728.35M 3,711.39M
Operating income 3,147.49M 3,314.95M 2,692.60M 2,991.52M 3,024.20M
Income before tax 2,871.26M 3,187.83M 2,557.10M 2,680.59M 2,666.47M
Net income 1,454.99M 1,654.86M 1,266.57M 1,319.72M 1,430.64M
EBITDA 4,483.47M 4,808.54M 4,169.62M 4,612.20M 5,028.36M
Diluted EPS 0.01 0.01 0.01 0.01 0.01
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 13,331.67M 14,629.37M 14,339.08M 15,934.30M 17,576.01M
Total liabilities 5,497.64M 6,364.76M 6,181.71M 7,488.42M 8,971.81M
Total equity 6,263.42M 6,833.46M 6,878.30M 7,171.69M 7,297.29M
Operating cash flow 3,552.82M 3,694.04M 3,208.59M 3,886.40M 4,492.04M

Valuation Measures

Dec 2020
PER15.76
ROA8.88%
ROE20.58%
Operating margin32.22%
Profit margin15.24%

Key executives

  • President Director: Ririek Adriansyah
  • Finance Director: Heri Supriadi
  • Director-Network & IT Solution: Herlan Wijanarko
  • Vice President-Legal & Compliance: Junian Sidharta
  • Secretary & Senior Vice President: Indrawan Ditapradana

Shareholders

  • Government of Indonesia (52.0%)
  • The Vanguard Group, Inc. (1.4%)
  • Harding Loevner LP (0.9%)
  • BlackRock Fund Advisors (0.9%)
  • Vontobel Asset Management, Inc. (0.7%)
  • PT Schroder Investment Management Indonesia (0.5%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (0.4%)
  • BlackRock Advisors (UK) Ltd. (0.3%)
  • Norges Bank Investment Management (0.3%)
  • JPMorgan Asset Management (Singapore) 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: +62.21.80863539

Related Companies

  • Indigo Creative Nation
  • Telkom Pension Fund
  • 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

  • PT Sarana Menara Nusantara Tbk
  • Nippon Telegraph and Telephone Corporation
  • PT Indosat Tbk Class B
  • PT XL Axiata Tbk
  • PT MNC Vision Networks Tbk Class A
  • Sunevision Holdings Ltd.
  • CK Hutchison 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
  • Facebook, Inc. Class A
  • Hong Kong Exchanges & Clearing Ltd.
  • Singapore Exchange Ltd.
Last Updated on 25 Oct, 2021

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