TLK
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
TLK's fundamentals are mixed: revenue grew 26%, but its operating margin fell 5 points to 23%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
TLK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Strong |
TLK's revenue, profitability, cash flow and balance sheet are all currently healthy.
TLK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.5x | $11.49 | — |
| Cheap | 12x | $14.58 | +27% |
| Fair | 15x | $18.56 | +62% |
| Expensive | 17x | $20.71 | +80% |
Historical ranges are pointers, not guarantees.
TLK's PE is 9.5x, but its earnings don't support one, so it isn't a reliable read right now.
TLK Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect TLK's earnings and profitability to decline, with its revenue holding steady.
TLK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.21 | -4.7% |
| Q1 2026 | $0.90 | -31% |
| Q4 2025 | $0.99 | -24% |
| Q3 2025 | $1.21 | -4% |
| Q2 2025 | $1.27 | -3.1% |
| Q1 2025 | $1.30 | -3% |
| Q4 2024 | $1.31 | -3.7% |
| Q3 2024 | $1.26 | -3.8% |
TLK's earnings per share have fallen from their peak: $1.21 over the past year, against $1.70 in mid-2022.
TLK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.2B | +109% |
| Q1 2026 | $2B | +1.5% |
| Q4 2025 | $2B | -1.7% |
| Q3 2025 | $2B | -0.9% |
| Q2 2025 | $2B | -4% |
| Q1 2025 | $2B | -2.1% |
| Q4 2024 | $2.1B | -0.6% |
| Q3 2024 | $2B | -2.2% |
TLK's revenue has picked up after four years of holding roughly level: $4.2B last quarter, up 109% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 27% | +0.7 points |
| Q1 2026 | 25% | -4 points |
| Q4 2025 | 13% | -15 points |
| Q3 2025 | 25% | -4 points |
| Q2 2025 | 26% | -2.2 points |
| Q1 2025 | 29% | -0.8 points |
| Q4 2024 | 28% | +2.9 points |
| Q3 2024 | 29% | -2.4 points |
TLK's operating margin was 27% last quarter, up 0.7 points from the same quarter a year ago.
TLK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $663.7M | +20% |
| Q1 2026 | $674.9M | +5.3% |
| Q4 2025 | $374.3M | -16% |
| Q3 2025 | $562.1M | +1.5% |
| Q2 2025 | $554M | +44% |
| Q1 2025 | $641.2M | +13% |
| Q4 2024 | $446.3M | +17% |
| Q3 2024 | $553.8M | +11% |
TLK's free cash flow has been positive every quarter for seven years: $2.3B over the past year, up 3.6% from the year before.
TLK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -1.4M shares |
| 1 year | -0.2% | -2.4M shares |
| 3 years | -0.2% | -2.4M shares |
| 5 years | -0.2% | -2.4M shares |
| Available history | -0.2% | -2.4M shares |
TLK has 988M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $47.6M |
| Q1 2026 | $33.7M |
| Q4 2025 | $1.4M |
| Q3 2025 | — |
| Q2 2025 | $274,620 |
| Q1 2025 | — |
| Q4 2024 | $12.8M |
| Q3 2024 | — |
TLK spent $83M buying back its own shares over the past year, about six times what it spent the year before.
TLK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.6x | Very low |
| Q3 2024 | 0.6x | Very low |
TLK's net debt is less than a year of its operating earnings (EBITDA).
TLK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.7 | Neutral |
| Stochastic | 21.4 | Neutral |
TLK's weekly RSI is 33 (neutral) and its Stochastic is 21 (neutral).
TLK PE vs Communication Services Sector
| Metric | TLK | Sector median | Relative |
|---|---|---|---|
| PE | 9.5x | 16x | 42% below |
| PE % | 1 | 26 | 25 pts below |
TLK is trading at 9.5x earnings, a 42% discount to the Communication Services sector's median of 16x, though its earnings don't support one.
TLK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.0 | 3.9% below |
| 20 week MA | $13.5 | 15% below |
| 50 week MA | $16.7 | 31% below |
| 100 week MA | $17.0 | 32% below |
| 200 week MA | $20.0 | 43% below |
TLK is in a downtrend: it's below all five of its weekly moving averages, and 43% below its 200-week average.
TLK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.4 | $23.6 | -17% |
| 2021 | $23.6 | $28.8 | +22% |
| 2022 | $28.8 | $24.0 | -17% |
| 2023 | $24.0 | $25.8 | +7.2% |
| 2024 | $25.8 | $16.6 | -36% |
| 2025 | $16.6 | $21.2 | +28% |
| 2026 YTD | $21.2 | $11.5 | -46% |
TLK has finished lower in three of the last six years. It's down 46% so far in 2026.