AlphaMadera's AlphaVal page classifies Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk as a Stable Earnings Power business and values it using P/Adj-EPS × Normalized Multiple, then compares the result to the current market price to flag TLK as undervalued, fairly valued, or overvalued.

How does AlphaMadera value TLK?

AlphaVal routes each company to one of ten valuation archetypes based on its business model. TLK was classified as Stable Earnings Power and is valued using P/Adj-EPS × Normalized Multiple, built from TLK's most recent reported fundamentals.

TLK - Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Q: What is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's fair value?

Fair value for TLK comes from a P/Adj-EPS × Normalized Multiple model -- the approach AlphaVal selected for this company's Stable Earnings Power classification. The live AlphaVal page shows bear, base, and bull scenarios alongside the key assumption behind each.

Price: -- -- | CONSENSUS: Hold DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 65% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Strong

Trading 45.4% below fair value

Current Price $12.21

Bear Case $17.90 46.6% upside ($17.90 - $12.21) / $12.21 = 46.6% $1.49 × 12x P/E

Fair Value $22.38 83.3% upside ($22.38 - $12.21) / $12.21 = 83.3% $1.49 × 15x P/E

Bull Case $26.85 119.9% upside ($26.85 - $12.21) / $12.21 = 119.9% $1.49 × 18x P/E

Adjust Assumptions

P/E Multiple

15.0x

Adjusted EPS

1.49$

Key Value Driver

Normalized P/E multiple (15x base case)

Terminal Value % of EV

Implied Market Multiple 8.2x

Market is pricing in (growth)

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $1.49, the base-case value is $22.38 per share.

Warnings

⚠ The company's reported profits differ from official accounting profits by 48%. Check what costs are being left out of the adjusted number.

⚠ The company pays out 468% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.

ℹ Financial statements were converted from IDR into USD using USDIDR at 0.0001 USD per IDR.

Key Risks

Growth DCF inappropriate — terminal value assumptions dominate
EV/EBITDA misleading for regulated businesses where capex is mandated
Regulatory risk is a fat tail not visible in normal multiples