Tower Bersama Infrastructure Tbk PT
IDX:TBIG

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Tower Bersama Infrastructure Tbk PT
IDX:TBIG
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Price: 1 745 IDR -5.93% Market Closed
Market Cap: Rp39.5T

EV/IC

1.2
Current
9%
Cheaper
vs 3-y average of 1.3

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
1.2
=
Enterprise Value
Rp53T
/
Invested Capital
Rp45.4T

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
1.2
=
Enterprise Value
Rp53T
/
Invested Capital
Rp45.4T

Valuation Scenarios

Tower Bersama Infrastructure Tbk PT is trading below its 3-year average

If EV/IC returns to its 3-Year Average (1.3), the stock would be worth Rp1 909.22 (9% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-42%
Maximum Upside
+25%
Average Upside
1%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.2 Rp1 745
0%
3-Year Average 1.3 Rp1 909.22
+9%
5-Year Average 1.5 Rp2 187.47
+25%
Industry Average 1.3 Rp1 913.61
+10%
Country Average 0.7 Rp1 009.11
-42%

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 Distribution

In line with most companies in Indonesia
Percentile
66th
Based on 861 companies
66th percentile
1.2
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

Tower Bersama Infrastructure Tbk PT
Glance View

Market Cap
39.5T IDR
Industry
Telecommunication

Tower Bersama Infrastructure Tbk PT stands as a pivotal player in Indonesia's telecommunications landscape, weaving a critical part of the nation's digital fabric. Founded in 2003, the company has meticulously built and managed a robust network of telecommunication towers, essential for the burgeoning mobile and data usage across the archipelago. Essentially, their business model revolves around leasing space on these towers to various mobile network operators. This infrastructure-sharing approach allows telecom providers to expand their network coverage more cost-effectively without the heavy capital expenditure required to construct their own towers. It's a symbiotic relationship where Tower Bersama provides the necessary real estate and means for signal transmission, while its clients bring connectivity to the consumers. The revenue model of Tower Bersama is largely subscription-based, with long-term contracts guaranteeing a steady cash flow. As mobile data demand continues to surge, the company capitalizes on the need for increased network capabilities, allowing for incremental revenues through equipment upgrades and additional services. Moreover, the strategic locations of their towers across urban and rural areas ensure that they remain a critical partner for telecom companies looking to penetrate all market segments. Their expertise in managing these assets and optimizing the tenancy ratio — the number of clients sharing a single tower — is key to maximizing profitability. This dual focus on strategic growth and operational efficiency has helped Tower Bersama maintain a strong market position in a competitive industry, steering the company's journey through Indonesia’s digital transformation.

TBIG Intrinsic Value
1 253.96 IDR
Overvaluation 28%
Intrinsic Value
Price Rp1 745
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