XL Axiata Tbk PT
IDX:EXCL

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XL Axiata Tbk PT Logo
XL Axiata Tbk PT
IDX:EXCL
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Price: 2 940 IDR -2% Market Closed
Market Cap: Rp53.5T

EV/IC

1
Current
21%
More Expensive
vs 3-y average of 0.9

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.

EV/IC
1
=
Enterprise Value
Rp109.6T
/
Invested Capital
Rp98.6T

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.

EV/IC
1
=
Enterprise Value
Rp109.6T
/
Invested Capital
Rp98.6T

Valuation Scenarios

XL Axiata Tbk PT is trading above its 3-year average

If EV/IC returns to its 3-Year Average (0.9), the stock would be worth Rp2 427.85 (17% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-32%
Maximum Upside
+29%
Average Downside
9%
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

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
ID
XL Axiata Tbk PT
IDX:EXCL
53.5T IDR 1 -12.1
ZA
MTN Group Ltd
JSE:MTN
383.1B ZAR 1.2 18.9
ZA
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
P/E Multiple
Earnings Growth PEG
ID
XL Axiata Tbk PT
IDX:EXCL
Average P/E: 17.2
Negative Multiple: -12.1
N/A N/A
ZA
M
MTN Group Ltd
JSE:MTN
18.9
41%
0.5
ZA
V
Vodacom Group Ltd
JSE:VOD
14.5
19%
0.8
US
T-Mobile US Inc
NASDAQ:TMUS
19.7
19%
1
JP
SoftBank Group Corp
TSE:9984
8.4
-10%
N/A
CN
China Mobile Ltd
SSE:600941
9.7
3%
3.2
IN
Bharti Airtel Ltd
NSE:BHARTIARTL
35.3
16%
2.2
MX
America Movil SAB de CV
BMV:AMXB
15.9
21%
0.8
JP
SoftBank Corp
TSE:9434
18.6
7%
2.7
JP
KDDI Corp
TSE:9433
14
11%
1.3
UK
Vodafone Group PLC
LSE:VOD
Negative Multiple: -7.4 N/A N/A

Market Distribution

In line with most companies in Indonesia
Percentile
62st
Based on 861 companies
62st percentile
1
Low
0 — 0.3
Typical Range
0.3 — 1.4
High
1.4 —
Distribution Statistics
Indonesia
Min 0
30th Percentile 0.3
Median 0.7
70th Percentile 1.4
Max 115 637.5

XL Axiata Tbk PT
Glance View

Market Cap
53.5T IDR
Industry
Telecommunication

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.

EXCL Intrinsic Value
3 077.57 IDR
Undervaluation 4%
Intrinsic Value
Price Rp2 940
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