Telekomunikasi Indonesia (Telkom): Leading Telecommunication Company

With both smartphone and Internet penetration at relatively lower levels in Indonesia (about 29 percent of the total population has access to Internet), market leader Telkom is well positioned to target further growth.

Telkom’s shares are traded on the Indonesia Stock Exchange (IDX), the New York Stock Exchange (NYSE), the London Stock Exchange (LSE) and publicly offered without listing in Japan (POWL). However, per 5 June 2014, Telkom withdraws from the London Stock Exchange due to the small proceeds obtained in combination with the high listing fee.

Telkom posted an 5 percent growth in net profit (year-on-year) to IDR 3.7 trillion (USD $322 million) in the first quarter of 2014 on the back of strong revenue streams from data services. Its revenue increased 8.7 percent to IDR 21.3 trillion (USD $1.9 billion) over the same period.

Click here to read the detailed company profile of Telkom Indonesia

The graph below shows a steep decline as Telkom conducted a stock split with a ratio of 1:5 in August 2013. This measure was taken to increase the company’s share liquidity.

Telkom's Financial Highlights:

	2009	2010	2011	2012	2013
Total Revenues	68,220	68,629	71,253	77,143	82,967
Operating Profit	24,081	22,937	21,958	25,698	27,846
Net Profit	11,399	11,537	10,965	12,850	14,205
EBITDA	38,056	37,549	36,821	40,2154	43,626
Total Assets	97,931	100,501	103,054	111,369	127,951
Total Liabilities	48,436	44,086	42,073	44,391	50,527
Income per share¹	115.9	117.3	111.9	133.8	147.4
Dividend per share¹	288.06	322.59	371.34	436.18

^{in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah
Source: Telekomunikasi Indonesia, Annual Report 2013}

Future Projection Financial Performance Telkom Indonesia:

	2012	2013	2014F	2015F	2016F
Total Revenues	77.1	83.0	90.0	96.4	106.1
Net Profit	12.9	14.2	15.7	17.2	19.5
EBITDA	40.2	43.6	45.5	49.3	54.1
P/E Ratio (x)	17.4	15.7	14.2	13.0	11.4

^{in trillion IDR rupiah, except stated otherwise
Source: Telekomunikasi Indonesia, Annual Report 2012 & Investor Daily}

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