Financials PT Smartfren Telecom Tbk

Equities

FREN

ID1000122302

Wireless Telecommunications Services

End-of-day quote INDONESIA S.E. 18:00:00 2024-05-02 EDT 5-day change 1st Jan Change
50 IDR 0.00% Intraday chart for PT Smartfren Telecom Tbk 0.00% 0.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 13,017,331 30,079,065 17,638,590 26,805,206 20,797,095 16,769,404
Enterprise Value (EV) 1 20,332,009 38,353,896 36,390,862 49,766,214 44,196,080 38,703,680
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) 166,888,857 217,964,240 263,262,541 308,105,811 315,107,497 335,388,084
Reference price 2 78.00 138.0 67.00 87.00 66.00 50.00
Announcement Date 19-03-29 20-03-23 21-03-04 22-03-14 23-04-10 24-03-27
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,490,311 6,987,805 9,407,883 10,456,829 11,202,579 11,655,708
EBITDA 1 -1,041,237 -206,424 1,059,468 2,069,022 2,616,398 2,571,573
EBIT 1 -2,646,534 -2,302,289 -784,675 247,189 623,122 543,702
Operating Margin -48.2% -32.95% -8.34% 2.36% 5.56% 4.66%
Earnings before Tax (EBT) 1 -3,285,837 -2,339,217 -1,597,362 -566,284 1,076,476 85,139
Net income 1 -3,552,620 -2,187,720 -1,523,591 -435,329 1,064,229 -108,926
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 1,170,939 1,172,523 1,208,942 2,446,091 1,489,853 1,416,319
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 19-03-29 20-03-23 21-03-04 22-03-14 23-04-10 24-03-27
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 7,314,678 8,274,831 18,752,272 22,961,009 23,398,985 21,934,276
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 1,170,939 1,172,523 1,208,942 2,446,091 1,489,853 1,416,319
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 52,973,576 40,187,362 103,042,821 -115,594,559 122,776,819 -14,672,144
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 1,614,169 1,510,105 1,539,117 1,196,238 1,495,192 1,450,487
Capex / Sales 29.4% 21.61% 16.36% 11.44% 13.35% 12.44%
Announcement Date 19-03-29 20-03-23 21-03-04 22-03-14 23-04-10 24-03-27
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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