Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLKM.JK) stock analysis

In our weekly check, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 5, red flags: 4.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is a Communication Services company (Telecommunications Services), listed on JKT as TLKM.JK.

What our checks show for TLKM.JK

Red flags

• The net margin fell by 12.3 points over 5 years, to 11.5%: the company keeps less of each sale as profit.
• The gross margin fell by 19.3 points, to 50.5%: costs are rising faster than prices.
• The price swings a lot: 50.7% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 63% from a peak. Would you have held through that?

Warning signs

• Analysts expect only about 2% a year of growth in revenue.
• Revenue grew only 0.5% a year over the last 3 years.
• Earnings per share fell 14.7% a year over the last 3 years.
• Net profit fell 14.8% a year over the last 3 years.
• The stock is still below its previous peak.

Strengths

• Operating cash flow is 3.86x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 12.9% a year over the next years.
• Analysts expect the net margin to improve by 3.2 points from today's 11.5%.
• Free cash flow is 28.6% of revenue: cash for dividends, buybacks or growth.
• The price is 12.9 times earnings (P/E), reasonable for its growth.
• A large company: market value $12.25 billion.

Next earnings report: 2026-10-29

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Questions

What grade does Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLKM.JK) have?

In our weekly check, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 5, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of TLKM.JK stock?

This week's biggest flags for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk: Margins falling, Gross margin falling, Very volatile. In total 9 of 24 checks show a warning or a red flag.

What does Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk do?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is a Communication Services company (Telecommunications Services), listed on JKT as TLKM.JK.

When does Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk report earnings next?

The next earnings report is expected on 2026-10-29. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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