Sarana Menara Nusantara Tbk

Overview

TOWR Overview

PT Sarana Menara Nusantara Tbk is an Indonesia-based company, which is engaged in investing in the operating companies, which owns and operates tower telecommunication sites and lease them to wireless communication companies. The Company's segments include Tower rental and VSAT and wireline services. Its business activities are conducted primarily through PT Profesional Telekomunikasi Indonesia (Protelindo). Protelindo's primary business is leasing space on its multi-tenant tower sites to wireless operators in Indonesia pursuant to long-term lease agreements. The leased space consists of vertical space on the tower, on which its customers can install both radio frequency antennas and microwave antennas, as well as ground space at each site for its shelters and cabinets for electronic equipment and power supplies storage. Protelindo operates independently from the wireless communication operators. Protelindo owns and operates approximately 29,794 telecommunication tower sites.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: TOWR

Main
Market Cap.
IDR 39.59Trillion

~$2.43B USD

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

Valuation

TOWR Valuation Metrics

795

IDR
0.0%

Closing Price on 2024-07-18

Price to Equity

12.00

P/E

At 12.00x P/E TTM, TOWR.JK is trading at a discount to its peers in the Telecommunication sector.

Price to Book

2.29

P/B

At 2.29x P/B TTM, TOWR.JK is trading at a premium to its peers in the Telecommunication sector (avg 1.5x).

Price to Sales

3.32

P/S

At 3.32x P/S TTM, TOWR.JK is trading in line with its peers in the Telecommunication sector.

Valuing Sarana Menara Nusantara 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 Sarana Menara Nusantara Tbk relative to other stocks in the Telecommunication sector

Price/Cash Flow3.98x
Price/Forward Earnings11.09x
Enterprise Value/Revenue7.00x
Enterprise Value/EBITDA13.36x
PEG Ratio2.01x

Intrinsic Value

Last closing: IDR7952024-07-18
IDR 924.25

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of TOWR is IDR924, which is 17% higher than TOWR's last closing price of IDR795 (as of 2024-07-18).

Valuation Recap of TOWR 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 12.00x is above the ID market average of 8.32x and is trading at a discount to peers in the Telecommunication sector (18.78x).

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 2.29x is above the peers average of 1.46x in the Telecommunication sector. TOWR trades at a higher P/B ratio than >75% of its peers 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 3.32x is below the peers average of 3.85x in the Telecommunication sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of TOWR's valuation relative to its current sales and future earnings growth. TOWR trades at a Forward P/E ratio of 11.09x, which is considered fairly undervalued by analysts.

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. TOWR's P/CF ratio of 3.98x 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. TOWR's EV/R ratio of 7.00x is considered a relatively high ratio. The average EV/R ratio for the Telecommunication sector is 7.00x.

Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of TOWR is IDR 924.25, which is 17% higher than TOWR's last closing price of IDR 795.00.

Peers

TOWR 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.1,163.94T58.07T 4.52T 0.90T 1298.00154.87
TLKMPT Telkom Indonesia (Persero) Tbk317.99T288.04T 150.56T 24.06T 13.222.24
ISATPT Indosat Tbk95.34T115.61T 53.12T 4.87T 19.572.97
MTELPT Dayamitra Telekomunikasi Tbk56.93T57.31T 8.75T 2.03T 28.041.65
PGEOPT Pertamina Geothermal Energy Tbk53.32T47.53T 6.30T 2.54T 20.971.66
TBIGPT Tower Bersama Infrastructure Tbk45.05T46.76T 6.73T 1.58T 28.543.76
SUPRSolusi Tunas Pratama Tbk44.51T9.31T 1.89T 1.14T 39.177.51
TOWRSarana Menara Nusantara Tbk39.59T69.32T 11.92T 3.30T 12.002.29
JSMRPT Jasa Marga Tbk37.20T130.42T 22.92T 6.88T 5.401.31
EXCLPT XL Axiata Tbk29.28T87.98T 33.21T 1.61T 18.191.09
Competitiveness Recap of TOWR stock
WeightNotesScore
High
At a market cap of IDR 39,590.20 billion, TOWR.JK ranks 8 in Market Cap out of 10 companies in the Infrastructures sector.

High
At a PE of 12.00, TOWR.JK ranks 9 out of 10 companies in the Infrastructures sector for P/E value. The average PE is 148.31 (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. (1298.00) in the Infrastructures sector.

Medium
At a PE of 12.00, TOWR.JK is trading at a lower PE than that of its subsector peers in Telecommunication (median of 18.78). 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 11.92 trillion, TOWR.JK ranks 5 in Revenue out of 10 companies in the Infrastructures sector.

Medium
At a profit of IDR 3.30 trillion, TOWR.JK ranks 4 in Profit out of 10 companies in the Infrastructures sector.

Future

Future Growth of TOWR

Growth Forecasts

Analyst Ratings

Based on ratings from 15 analysts for TOWR over the past 3 months.

Strong Buy

Strong Buy

66.7%

Buy

13.3%

Hold

20.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-07-10

Sector Benchmark

Telecommunication companies in Indonesia are growing at a projected rate of 13.62% against the IDX average of +13.8%.

Telecommunication sector overview

TOWR Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of TOWR
WeightNotesScore
High
TOWR's projected growth rate of 13.62% is below the ID market average of 13.82%.

High
The Telecommunication sub-sector is projected to grow revenue by 11.03% in 2025. This number is higher than the previous year 2024's growth rate of 4.59%. This bodes well for TOWR's revenue growth prospects in the next 2 years.

Medium
The Telecommunication sub-sector is projected to increase earnings by 24.09% in 2025. This number is higher than the previous year 2024's EPS growth of 12.20%. This bodes well for TOWR's earnings growth prospects in the next 2 years.

Medium
TOWR and its peers in the Telecommunication sub-sector belongs to the Infrastructures sector. Companies in the Infrastructures sector are projected to have a fruitful year heading into 2025. Specifically, earnings are projected to increase by 17.67% in 2025 while revenue growth is projected to increase by 9.94%. These macroeconomic trends will likely be a tailwind for TOWR's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of TOWR

Oscillators

Neutral

Sell

1

Neutral

9

Buy

1

Summary

Neutral

Sell

8

Neutral

10

Buy

8

Moving Averages

Neutral

Sell

7

Neutral

1

Buy

7

Summary

Technical Ratings of TOWR
IndicatorSummarySellNeutralBuy
SummaryNeutral8108
OscillatorsNeutral191
Moving AveragesNeutral717

Last Update: 2024-07-19

Loading...
Loading...

Management

Executive Management

President Director

Ferdinandus Aming Santoso15.2 years

Vice President Director

Stephen Duffus Weiss15.4 years
Eko Santoso HadiprodjoDirector
Indra GunawanDirector
Anita AnwarDirector
NamePositionShares%Stock Value
(in Billion IDR)
Anita AnwarDirector2,600< 0.010.00B
Ario WibisonoCommissioner241,655,8000.47192.12B
Eko Santoso HadiprodjoDirector3,997,000< 0.013.18B
Ferdinandus Aming SantosoPresident Director10,859,0000.028.63B
Indra GunawanDirector13,567,4900.0310.79B
Stephen Duffus WeissVice President Director6,593,500< 0.015.24B

Ownership

TOWR Ownership

NameNumber of SharesOwnership (%)Value
Pt Sapta Adhikari Investama27,764,246,16554.4222,072.58B
Public (Scripless)19,207,288,74537.6515,269.79B
Pt Dwimuria Investama Andalan2,550,831,30052,027.91B
Treasury Stock1,215,583,4002.38966.39B
Ario Wibisono241,655,8000.47192.12B
Indra Gunawan13,567,4900.0310.79B
Ferdinandus Aming Santoso10,859,0000.028.63B
Eko Santoso Hadiprodjo3,997,0000.013.18B
Stephen Duffus Weiss6,593,5000.015.24B

Largest Institutional Buy

Virtus Investment Advisers, Inc.
Bought 31-01-2024
+53,002,000 shares
State Street Global Advisors
Bought 31-01-2024
+20,061,194 shares
Credit Suisse Asset Management (Schweiz) AG
Bought 31-01-2024
+18,633,300 shares

Largest Institutional Sell

FIL Fund Management Limited
Sold 31-01-2024
-90,824,217 shares
Walter Scott & Partners Limited
Sold 31-01-2024
-50,486,200 shares
B&I Capital AG
Sold 31-01-2024
-44,202,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of TOWR stock

Sustainability

Environmental, Social, and Governance (ESG) Risk Assessment

The ESG Risk Ratings measure TOWR's exposure to industry-specific material ESG risks and how well TOWR is managing those risks.

ESG Risk Rating

10
20
30
40
0
100

23.8

Medium Risk

Negligible

Low

Medium

High

Severe

ESG Risk Ranking among Telecommunication Services Peers

1st rank = lowest risk

88

/ 227 peers worldwide

Global ESG Risk Ranking

7,366

/ 16,216 all companies worldwide

Top Material ESG Issues

  • Product Governance
  • Human Capital
  • Corporate Governance
  • Business Ethics

Last Full Update: 2024-01-30

Last Update: 2024-05-23

Source: Sustainalytics, Inc.

TOWR Filings

No noteworthy filings to report on

    Sectors, Indonesia's Financial Data Layer

    We hate spam as much as you do. We do not resell your data.

    Email us at sectors@supertype.ai for enquiries on using Sectors for your organization.

    © 2024 Supertype Pte. Ltd.
    (and subsidiary PT. Supertype Teknologi Nusantara)