XL Axiata Tbk PT
IDX:EXCL
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EV/IC
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Valuation Scenarios
If EV/IC returns to its 3-Year Average (0.9), the stock would be worth Rp2 427.85 (17% downside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1 | Rp2 940 |
0%
|
| 3-Year Average | 0.9 | Rp2 427.85 |
-17%
|
| 5-Year Average | 0.9 | Rp2 442.51 |
-17%
|
| Industry Average | 1.3 | Rp3 799.59 |
+29%
|
| Country Average | 0.7 | Rp2 003.66 |
-32%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| ID |
|
XL Axiata Tbk PT
IDX:EXCL
|
53.5T IDR | 1 | -12.1 | |
| ZA |
M
|
MTN Group Ltd
JSE:MTN
|
383.1B ZAR | 1.2 | 18.9 | |
| ZA |
V
|
Vodacom Group Ltd
JSE:VOD
|
273B ZAR | 2 | 14.5 | |
| US |
|
T-Mobile US Inc
NASDAQ:TMUS
|
216.4B USD | 1.4 | 19.7 | |
| JP |
|
SoftBank Group Corp
TSE:9984
|
30.9T JPY | 1 | 8.4 | |
| CN |
|
China Mobile Ltd
SSE:600941
|
1.3T CNY | 0.8 | 9.7 | |
| IN |
|
Bharti Airtel Ltd
NSE:BHARTIARTL
|
10.8T INR | 2.8 | 35.3 | |
| MX |
|
America Movil SAB de CV
BMV:AMXB
|
1.4T MXN | 1.1 | 15.9 | |
| JP |
|
SoftBank Corp
TSE:9434
|
10.5T JPY | 1.1 | 18.6 | |
| JP |
|
KDDI Corp
TSE:9433
|
9.7T JPY | 0.7 | 14 | |
| UK |
|
Vodafone Group PLC
LSE:VOD
|
28.1B GBP | 0.6 | -7.4 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.3 |
| Median | 0.7 |
| 70th Percentile | 1.4 |
| Max | 115 637.5 |
Other Multiples
XL Axiata Tbk PT
Glance View
Emerging from the competitive landscape of Indonesia's telecommunications sector, XL Axiata Tbk PT has carved a niche for itself by focusing on robust network infrastructure and innovative service offerings. Established as a pivotal player in the industry, the company has leveraged its widespread network coverage and technological advancements to cater to the diverse needs of its subscribers. Anchored in providing mobile telecommunications services, XL Axiata's operations are heavily reliant on its extensive range of products, from traditional voice and messaging services to data-centric solutions that address the increasingly digital lifestyle of its customers. The company’s significant investment in 3G and 4G technologies, and now advancing with 5G readiness, ensures that it stays ahead in offering high-speed data services across Indonesia’s expansive archipelago, where connectivity can be challenging yet crucial. The backbone of XL Axiata’s revenue generation is its ability to monetize different bandwidth services through a variety of subscription models, appealing to individual consumers and corporate clients alike. The company not only draws income from individual prepaid and postpaid subscriptions but also generates substantial revenue through enterprise solutions catering to businesses' connectivity needs. By continuously expanding its value-added services such as mobile banking enhancements and internet of things (IoT) integrations, XL Axiata taps into burgeoning digital ecosystems. This strategic diversification not only fortifies its revenue streams against the volatility of standard telecom services but also positions it as a critical enabler of Indonesia's digital transformation, balancing customer-centric focus with sustained financial performance in a highly competitive market.