PT Smartfren Telecom Tbk

fren

Overview

FREN Overview

PT Smartfren Telecom Tbk is an Indonesia-based telecommunications company. The Company operates and maintains its business in one segment that is providing cellular service and telecommunication network service to subscribers. The Company is a cellular operator based on fourth generation (4G) LTE technology with national coverage covering all regions of Indonesia. It offers a range of solutions from basic telecommunications services to information and communication technology (ICT) and the application of new Internet of Things (IoT) technologies, including various digital applications. The Company provides products and services that focus on cellular data in various market segments. Its personal segment products and services include starter packs, data packages, devices, broadband, and others. Its business segment products and services include connectivity solutions, unified conferencing and unified communication, unified messaging, ICT services and Bizcloud, and others.

1.02.03.04.05.0ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: FREN

Main
Market Cap.
IDR 16.77Trillion

~$1.05B USD

Industry
Wireless Telecommunication Services
Sub-Industry
Wireless Telecommunication Services
Sector
Infrastructures

Valuation

FREN Valuation Metrics

50

IDR
0.0%

Closing Price on 2024-04-18

Price to Equity

-153.95

P/E

At -153.95x P/E TTM, FREN.JK is trading at a discount to its peers in the Telecommunication sector.

Price to Book

1.07

P/B

At 1.07x P/B TTM, FREN.JK is trading at a discount to its peers in the Telecommunication sector.

Price to Sales

1.44

P/S

At 1.44x P/S TTM, FREN.JK is trading at a discount to its peers in the Telecommunication sector.

Valuing PT Smartfren Telecom Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Telecommunication sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Smartfren Telecom Tbk relative to other stocks in the Telecommunication sector

Price/Cash Flow
6.36x
Price/Forward Earnings
-
Enterprise Value/Revenue
3.32x
Enterprise Value/EBITDA
6.49x
PEG Ratio
0.24x

Analyst Ratings

40
60
80
0
100

75.0

Undervalued

Fairly Valued

Overvalued

Valuation Recap of FREN stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of -153.95x is below the ID market average of 8.46x and is trading at a discount to peers in the Telecommunication sector (16.10x). In fact, less than 25% of its peers trade at a lower P/E ratio than FREN.

High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 1.07x is similar to the peers average of 1.26x in the Telecommunication sector.

Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 1.44x is below the peers average of 4.18x in the Telecommunication sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of FREN's valuation relative to its current sales and future earnings growth.

Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. FREN's P/CF ratio of 6.36x is considered healthy by analysts.

Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. FREN's EV/R ratio of 3.32x is considered a relatively high ratio The average EV/R ratio for the Telecommunication sector is 7.16x.

Peers

FREN Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
BRENPT Barito Renewables Energy Tbk.1,060.25T54.35T 9.22T 1.66T 637.21154.12
TLKMPT Telkom Indonesia (Persero) Tbk321.95T286.59T 149.22T 24.43T 13.182.37
ISATPT Indosat Tbk86.27T114.72T 51.23T 4.51T 19.142.81
PGEOPT Pertamina Geothermal Energy Tbk51.03T45.91T 6.29T 2.53T 20.141.67
MTELPT Dayamitra Telekomunikasi Tbk49.16T57.01T 8.59T 2.01T 24.451.44
SUPRSolusi Tunas Pratama Tbk44.51T9.89T 1.89T 1.13T 39.457.79
TOWRSarana Menara Nusantara Tbk40.09T68.42T 11.74T 3.25T 12.322.44
TBIGPT Tower Bersama Infrastructure Tbk39.05T46.97T 6.64T 1.56T 25.033.33
JSMRPT Jasa Marga Tbk38.10T129.31T 21.32T 6.79T 5.611.37
EXCLPT XL Axiata Tbk28.63T87.69T 32.32T 1.27T 22.521.09
Competitiveness Recap of FREN stock
WeightNotesScore
High
At a market cap of IDR 16,769.40 billion, FREN.JK ranks 10 in Market Cap out of 10 companies in the Infrastructures sector.

High
At a PE of -153.95, FREN.JK ranks 10 out of 10 companies in the Infrastructures sector for P/E value. The average PE is 64.26 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Infrastructures. In this regard, it trails behind sector leaders such as PT Barito Renewables Energy Tbk. (637.21) in the Infrastructures sector.

Medium
At a PE of -153.95, FREN.JK is trading at a lower PE than that of its subsector peers in Telecommunication (median of 16.10). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 11.66 trillion, FREN.JK ranks 5 in Revenue out of 10 companies in the Infrastructures sector.

Medium
At a profit of -IDR 0.11 trillion, FREN.JK ranks 10 in Profit out of 10 companies in the Infrastructures sector.

Future

Future Growth of FREN

Growth Forecasts

No data available

Sector Benchmark

Telecommunication companies in Indonesia are growing at a projected rate of 5.02% against the IDX average of +7.6%.

Telecommunication sector overview
No data is available for FREN at the moment.
Future growth prospect of FREN
WeightNotesScore
High
FREN's projected growth rate of 5.02% is below the ID market average of 7.62%.

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Management

Executive Management

President Director

Merza Fachys15.2 years
Andrijanto Muljono
Director
Antony Susilo
Director
Marco Paul Iwan Sumampouw
Director
Shurish Subbramaniam
Director
NamePositionShares%
Andrijanto MuljonoDirector5,702,700< 0.01
Robin MailoaDirector2,770,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

FREN Ownership

Others
43.06%
Insiders
54.83%
Institutions
2.11%
NameNumber of SharesOwnership (%)Value
Public (Scripless)127,823,099,91738.16,391.15B
Pt Global Nusa Data79,779,942,15423.83,989.00B
Pt Wahana Inti Nusantara48,702,324,40014.52,435.12B
Pt Bali Media Telekomunikasi32,909,248,6579.81,645.46B
Public (Scrip)23,678,776,7157.11,183.94B
Pt Dian Swastatika Sentosa Tbk22,486,218,2006.71,124.31B

Largest Institutional Buy

Vanguard Equity Investment Group
Bought 31-01-2024
+89,413,800 shares
Vanguard Group Inc
Bought 31-01-2024
+82,745,600 shares
Northern Trust Investments Inc
Bought 31-01-2024
+64,429,946 shares

Largest Institutional Sell

NN Investment Partners (Japan) Co Ltd
Sold 31-01-2024
-31,701,300 shares
Dimensional Fund Advisors Ltd
Sold 31-01-2024
-13,827,700 shares
Dimensional Fund Advisors LP
Sold 31-01-2024
-8,158,100 shares

Institutional Transactions

Tracking institutional transactions buying / selling of FREN stock