Perusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk (TLK) stock analysis

TLKNYSETelephone Communications (No Radiotelephone)Fiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 15, 2026Score 6/30

$11.43+0.20 (+1.78%)

Close on Nov 11, 2026Market cap $11.32BP/E 11.8Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Weak6 of 30 checks passed

Perusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk passes 6 of the 30 checks behind our score; 18 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation: 0/6
Growth: 0/6
Past performance: 2/6
Financial health: 4/6
Dividend: 0/6

What stands out

Return on capital over 10%
Return on invested capital was 17.9%, above the 10% that usually covers the cost of capital.
Low debt
Debt is 39.0% of shareholders' equity, under the 40% we consider low.
Interest well covered
Operating income covers interest expense 6.5 times.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 126% of total debt.

What to watch

Return on equity under 15%
Return on equity was 13.3% over the last twelve months and averaged 17.4% over five years; we look for 15% on both.
Earnings shrank over 5 years
Net income shrank 3.6% a year on average over the last five fiscal years.
EPS growing under 10% a year
Diluted EPS grew -5.5% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -21.8% over the last twelve months, against a 5-year average of -3.6% a year.

Valuation0/6

P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.

Growth0/6

Revenue growth over 3 years
Needs three years of positive revenue.
EPS growing under 10% a year
Diluted EPS grew -5.5% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -21.8% over the last twelve months, against a 5-year average of -3.6% a year.
Growth against the industry
Needs revenue for this year and last.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.

Past performance2/6

Return on equity under 15%
Return on equity was 13.3% over the last twelve months and averaged 17.4% over five years; we look for 15% on both.
Return on capital over 10%
Return on invested capital was 17.9%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Perusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk's return on equity of 13.3% is above the Telephone Communications median of 8.4%.
Earnings shrank over 5 years
Net income shrank 3.6% a year on average over the last five fiscal years.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.

Financial health4/6

Low debt
Debt is 39.0% of shareholders' equity, under the 40% we consider low.
Debt falling against equity
Debt to equity fell from 48.7% five years ago to 39.0%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 126% of total debt.
Interest well covered
Operating income covers interest expense 6.5 times.
Short-term assets don't cover short-term debts
Current assets are 0.83 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.

Dividend0/6

No dividend
Perusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Perusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day: $28.63M
Value traded per 1% price move: $9.37M

Downside

Medium risk

Typical loss in a bad month: 18.4%
Volatility (annualized): 37%
Sharpe ratio, 1 year: -1.31
Beta to the S&P 500 (5Y): 0.44

Typical bad-month loss, week by week

Margins need revenue and profit figures

This company does not report the lines needed to calculate margins.

Growth rates

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Operating income	-17.9%	-5.0%	-5.0%	+0.5%
Net income	-21.8%	-5.5%	-3.6%	+1.2%
EPS, diluted	-21.8%	-5.5%	-3.6%	+1.2%
Free cash flow	+15.1%	+2.2%	+2.7%	+9.1%

Returns and balance sheet

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	–	20.8%	13.3%
Return on assets	–	8.8%	6.0%
Current ratio	1.20	0.68	0.83
Debt to equity	0.38	0.49	0.39
Net debt to EBITDA	0.04×	0.40×	0.23×
Interest coverage	13.9×	9.6×	6.5×
Diluted shares	98.64B	99.06B	99.06B

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