Financials PT Smartfren Telecom Tbk

Equities

FREN

ID1000122302

Wireless Telecommunications Services

End-of-day quote INDONESIA S.E. 03:30:00 19/06/2024 am IST 5-day change 1st Jan Change
42 IDR +7.69% Intraday chart for PT Smartfren Telecom Tbk +27.27% -16.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,30,17,331 3,00,79,065 1,76,38,590 2,68,05,206 2,07,97,095 1,67,69,404
Enterprise Value (EV) 1 2,03,32,009 3,83,53,896 3,63,90,862 4,97,66,214 4,41,96,080 3,87,03,680
P/E ratio -3.76 x -19.5 x -13.6 x -62.6 x 19.7 x -154 x
Yield - - - - - -
Capitalization / Revenue 2.37 x 4.3 x 1.87 x 2.56 x 1.86 x 1.44 x
EV / Revenue 3.7 x 5.49 x 3.87 x 4.76 x 3.95 x 3.32 x
EV / EBITDA -19.5 x -186 x 34.3 x 24.1 x 16.9 x 15.1 x
EV / FCF 17.4 x 32.7 x 30.1 x 20.3 x 29.7 x 27.3 x
FCF Yield 5.76% 3.06% 3.32% 4.92% 3.37% 3.66%
Price to Book 1.07 x 2.36 x 1.43 x 2.12 x 1.4 x 1.07 x
Nbr of stocks (in thousands) 16,68,88,857 21,79,64,240 26,32,62,541 30,81,05,811 31,51,07,497 33,53,88,084
Reference price 2 78.00 138.0 67.00 87.00 66.00 50.00
Announcement Date 29/03/19 23/03/20 04/03/21 14/03/22 10/04/23 27/03/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 54,90,311 69,87,805 94,07,883 1,04,56,829 1,12,02,579 1,16,55,708
EBITDA 1 -10,41,237 -2,06,424 10,59,468 20,69,022 26,16,398 25,71,573
EBIT 1 -26,46,534 -23,02,289 -7,84,675 2,47,189 6,23,122 5,43,702
Operating Margin -48.2% -32.95% -8.34% 2.36% 5.56% 4.66%
Earnings before Tax (EBT) 1 -32,85,837 -23,39,217 -15,97,362 -5,66,284 10,76,476 85,139
Net income 1 -35,52,620 -21,87,720 -15,23,591 -4,35,329 10,64,229 -1,08,926
Net margin -64.71% -31.31% -16.19% -4.16% 9.5% -0.93%
EPS 2 -20.76 -7.071 -4.924 -1.390 3.349 -0.3248
Free Cash Flow 1 11,70,939 11,72,523 12,08,942 24,46,091 14,89,853 14,16,319
FCF margin 21.33% 16.78% 12.85% 23.39% 13.3% 12.15%
FCF Conversion (EBITDA) - - 114.11% 118.22% 56.94% 55.08%
FCF Conversion (Net income) - - - - 139.99% -
Dividend per Share - - - - - -
Announcement Date 29/03/19 23/03/20 04/03/21 14/03/22 10/04/23 27/03/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 73,14,678 82,74,831 1,87,52,272 2,29,61,009 2,33,98,985 2,19,34,276
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -7.025 x -40.09 x 17.7 x 11.1 x 8.943 x 8.53 x
Free Cash Flow 1 11,70,939 11,72,523 12,08,942 24,46,091 14,89,853 14,16,319
ROE (net income / shareholders' equity) -32.8% -17.4% -12.1% -3.48% 7.49% -0.69%
ROA (Net income/ Total Assets) -6.71% -5.44% -1.48% 0.38% 0.87% 0.74%
Assets 1 5,29,73,576 4,01,87,362 10,30,42,821 -11,55,94,559 12,27,76,819 -1,46,72,144
Book Value Per Share 2 72.70 58.40 47.00 41.10 47.00 46.70
Cash Flow per Share 2 2.370 0.9000 2.490 1.500 0.9200 0.6700
Capex 1 16,14,169 15,10,105 15,39,117 11,96,238 14,95,192 14,50,487
Capex / Sales 29.4% 21.61% 16.36% 11.44% 13.35% 12.44%
Announcement Date 29/03/19 23/03/20 04/03/21 14/03/22 10/04/23 27/03/24
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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