TLK
Communication ServicesPerusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk · Telecommunications Services · $16B
What is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk?
Telkom Indonesia is the country's largest state-owned telecommunications group, serving mobile, broadband, and enterprise customers across Indonesia and internationally. Founded in 1995 and headquartered in Bandung, Indonesia, it operates through multiple business segments spanning consumer, enterprise, and wholesale markets.
Telkom Indonesia generates revenue across mobile services, fixed broadband, enterprise ICT solutions, and wholesale connectivity. Its subsidiary Telkomsel anchors the mobile segment with voice, SMS, and data offerings. The enterprise arm delivers cloud, data center, cybersecurity, and satellite services to corporate clients. A wholesale and international division provides connectivity and infrastructure to other licensed operators, while a separate segment covers digital platforms, e-commerce, and property management.
Telkom Indonesia was established in 1995 and is headquartered in Bandung, Indonesia.
- Mobile voice, SMS, and broadband via Telkomsel
- Enterprise ICT, cloud, and data center services
- Fixed broadband and IPTV for consumers
- Wholesale connectivity and infrastructure for operators
Is TLK a Good Stock to Buy?
UQS Score rates TLK as Below Average overall, reflecting a mixed picture across its five quality pillars.
Valuation stands out as the most favorable pillar, suggesting the stock is priced attractively relative to its fundamentals. Quality, Moat, and Risk each register as Neutral, indicating neither a meaningful edge nor a serious structural weakness in those areas.
Growth is the weakest pillar, pointing to limited near-term expansion momentum in a competitive and maturing telecommunications market.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does TLK pay dividends?
Yes — Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk pays a dividend.
TLK pays a regular dividend, consistent with the practice of many large state-linked telecommunications companies that generate steady cash flows. As a majority government-owned entity, Telkom Indonesia has historically returned a meaningful portion of earnings to shareholders. Investors seeking income exposure to emerging-market telecoms may find the dividend cadence relevant to their analysis.
When does TLK report earnings?
Telkom Indonesia reports earnings on a regular cadence, following the reporting schedule typical for internationally listed equities.
The company's Growth pillar is rated Weak, suggesting revenue and earnings expansion has been subdued relative to sector peers. Competitive pressure in mobile and the capital-intensive nature of network infrastructure continue to weigh on headline growth trends.
For the most recent quarter's results and upcoming reporting dates, visit Telkom Indonesia's official investor relations page.
TLK Price History
-8.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk?
Based on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
TLK Long-term Outlook
With a Weak Growth pillar and Neutral Risk profile, TLK's fundamental outlook reflects a business navigating a mature domestic telecom landscape rather than a high-expansion phase. The Attractive Valuation pillar suggests the market may already be pricing in muted growth expectations. Stability rather than acceleration appears to be the dominant theme, with digital services and enterprise ICT representing the clearest avenues for incremental improvement.
Growth drivers
- Expansion of enterprise cloud and data center services
- Digital financial services and IoT adoption across Indonesia
- Wholesale infrastructure demand from smaller regional operators
Key risks
- Intensifying mobile competition compressing margins
- High capital expenditure requirements for network upgrades
- Currency and regulatory risks tied to Indonesian market exposure
TLK vs Peers
TLK is often screened alongside other large-cap telecommunications operators, though its emerging-market profile sets it apart from North American peers.
Rogers operates in the Canadian market with a bundled cable, wireless, and media model, giving it a different revenue mix and regulatory environment than Telkom Indonesia.
TELUS has expanded aggressively into health technology and business process services alongside its core Canadian telecom operations, differentiating its growth profile from TLK.
BCE combines traditional wireline, wireless, and media assets in Canada, with a dividend-focused capital return strategy that contrasts with TLK's state-ownership structure.
Frequently Asked Questions
What does Telkom Indonesia do?
Telkom Indonesia provides telecommunications, informatics, and network services across Indonesia and internationally. Its operations span mobile services through Telkomsel, fixed broadband and IPTV for consumers, enterprise ICT and cloud solutions, and wholesale connectivity for other operators. The company also has growing digital platform and e-commerce businesses.
Does TLK pay dividends?
Yes, TLK pays a regular dividend. As a large state-linked telecommunications company with relatively stable cash flows, Telkom Indonesia has maintained a consistent dividend distribution practice. Income-oriented investors should review the company's investor relations page for the most current payout details and schedule.
When does TLK report earnings?
Telkom Indonesia reports earnings on a regular periodic cadence, as is standard for internationally listed companies. UQS Score does not publish specific upcoming earnings dates. For confirmed reporting dates, refer directly to Telkom Indonesia's investor relations page.
Is TLK a good stock to buy?
UQS Score rates TLK as Below Average overall. The Valuation pillar is Attractive, and Quality, Moat, and Risk are each Neutral, but the Weak Growth pillar reflects limited expansion momentum. Whether TLK fits a portfolio depends on individual goals — Pro members can view the complete pillar breakdown for a deeper assessment.
Is TLK overvalued?
Based on UQS Score's Valuation pillar, TLK is rated Attractive, suggesting the stock is not considered overvalued relative to its fundamentals at the time of scoring. However, valuation should always be considered alongside growth and quality factors, which are more mixed for TLK.
How does TLK compare to its competitors?
TLK operates in an emerging-market context that differs meaningfully from North American peers like Rogers, TELUS, and BCE. Those companies benefit from more mature regulatory frameworks and higher average revenue per user, while TLK's scale advantage lies in Indonesia's large and growing population. The UQS platform scores each company independently for direct comparison.
What is TLK's market cap bracket?
TLK is classified as a large-cap stock. This reflects Telkom Indonesia's status as the dominant state-owned telecommunications group in Southeast Asia's largest economy, with a substantial asset base spanning mobile, fixed-line, and enterprise infrastructure.
Who founded Telkom Indonesia?
Telkom Indonesia traces its origins to a Dutch colonial-era telegraph and telephone company, later nationalized after Indonesian independence. The current corporate entity was formally established in 1995. Full historical context is widely available through the company's official corporate history publications.
Is TLK a long-term quality indicator?
As a long-term quality indicator, TLK's UQS profile shows a Neutral reading across Quality, Moat, and Risk pillars, with a Weak Growth rating tempering the overall picture. The Attractive Valuation may offer a margin of safety, but sustained long-term quality typically requires stronger growth and moat characteristics. Pro members can access the full analysis.
What sector does TLK belong to?
TLK belongs to the Communication Services sector. Within that sector, it operates primarily as an integrated telecommunications provider, competing across mobile, fixed broadband, enterprise connectivity, and increasingly digital services — a broad footprint typical of state-backed national telecom champions.
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Pro Analysis
TLK — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 52.4 | 53.6 | 53.0 | 17.4 | 50.2 | 98.5 | -2.8 |
| May 15, 2026 | 55.2 | 44.7 | 53.0 | 41.9 | 50.4 | 99.1 | +4.1 |
| May 8, 2026 | 51.1 | 58.9 | 53.0 | 4.8 | 49.9 | 97.7 | +2.2 |
| Apr 26, 2026 | 48.9 | 59.3 | 53.0 | 0.0 | 49.9 | 88.6 | +0.5 |
| Apr 19, 2026 | 48.4 | 59.3 | 53.0 | 0.0 | 49.9 | 85.7 | -0.5 |
| Apr 18, 2026 | 48.9 | 59.3 | 53.0 | 0.0 | 49.9 | 88.6 | +13.3 |
| Apr 14, 2026 | 35.6 | 59.3 | 53.0 | 0.0 | 49.9 | 0.0 | -15.5 |
| Apr 13, 2026 | 51.1 | 58.9 | 50.0 | 7.1 | 49.9 | 100.0 | +15.5 |
| Apr 2, 2026 | 35.6 | 59.3 | 53.0 | 0.0 | 49.9 | 0.0 | — |
TLK — Pillar Breakdown
Quality
— 53.6/100 (25%)Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 16.2/100 (20%)Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 50.2/100 (15%)Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 99.1/100 (15%)Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk appears attractively valued relative to its earnings, cash flows, and sector peers.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 53/100 (25%)Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TLK.
Score Composition
Financial Data
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How is the TLK UQS Score Calculated?
The UQS (Unified Quality Score) for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.