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    Communication Services

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    Telecommunications Services
PT Smartfren Telecom Tbk

PT Smartfren Telecom Tbk

FREN.JK
PT Smartfren Telecom TbkID flagIndonesia Stock Exchange
23.00
IDR
- -
- -
10.96TMarket Cap
PT Smartfren Telecom Tbk
FREN.JK
(Indonesia Stock Exchange)

Recent

price

23.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
479.23
208.07
125.86
34.74
38.17
41.53
27.06
32.35
30.53
25.34
22.58
30.41
33.37
35.25
34.75
- -
34.05
Revenue per Share
-688.12
-774.69
-316.5
-32.92
-39.83
-19.43
-14
-17.56
-19.77
-16.4
-7.07
-4.92
-1.39
3.35
-0.32
- -
-3.86
Basic EPS, GAAP
-138.1
-58.02
-205.91
-10.37
-6.32
-16.19
-5.57
-9.01
-12.56
-6.4
-5.98
-4.38
-4.21
-3.95
-3.53
- -
-2.54
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
64.06
-467.63
71.44
3.48
-37.23
-52.68
28.97
12.01
-10.95
7.08
13
22.79
35.51
46.99
44.27
- -
61.49
Book Value per Share
589.15
-154.45
223.34
72.61
23.49
23.47
42.42
26.76
37.31
43.59
34.34
34.84
34.57
44.17
41.45
- -
59.02
Tangible Book Value per Share
1,053
1,810
7,583
47,470
63,626
71,145
111,798
112,449
152,915
216,632
309,412
309,412
313,332
317,808
335,388
- -
335,388
Basic Weighted Avg Shares
504,492
376,511
954,331
1,649,166
2,428,858
2,954,410
3,025,755
3,637,386
4,668,496
5,490,311
6,987,805
9,407,883
10,456,829
11,202,579
11,655,708
11,419,725
11,419,725
Sales/Revenue/Turnover
-133.9
-230.61
-232.79
-96.78
-66.15
-32.81
-43.02
-53.19
-47.14
-47.26
-32.47
-7.94
2.74
5.91
5.09
-2.19
-2.19
Operating Margin (%)
318,388
357,974
1,051,061
1,059,906
1,481,597
1,194,818
1,539,849
2,131,910
2,916,137
3,621,087
3,683,182
3,833,421
3,852,584
4,401,421
4,602,252
4,882,126
4,882,126
Depreciation Expense
-724,396
-1,401,813
-2,399,936
-1,562,831
-2,534,179
-1,382,306
-1,565,231
-1,974,325
-3,022,596
-3,552,620
-2,187,720
-1,523,591
-435,329
1,064,229
-108,926
-1,294,922
-1,294,922
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.13
227.97
- -
- -
Effective Tax Rate (%)
-143.59
-372.32
-251.48
-94.76
-104.34
-46.79
-51.73
-54.28
-64.74
-64.71
-31.31
-16.19
-4.16
9.5
-0.93
-11.34
-11.34
Profit Margin (%)
-828,148
-1,628,655
-2,305,104
-2,177,863
-3,525,255
-4,498,923
-1,951,445
-2,805,598
-3,840,947
-4,125,784
-4,345,339
-5,771,636
-7,280,734
-3,868,373
-2,283,776
-1,731,686
-1,731,686
Working Capital
2,645,077
2,464,251
4,667,950
5,503,844
6,361,794
5,840,623
8,010,043
9,714,308
6,846,922
5,451,455
7,436,132
16,428,901
19,699,421
19,984,832
21,416,077
15,252,993
15,252,993
LT Debt
792,532
-119,483
3,268,972
4,984,408
3,049,945
3,961,942
6,848,538
5,869,282
9,244,870
12,448,006
12,735,487
12,365,932
12,653,442
15,759,512
15,672,655
21,448,340
21,448,340
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.73
-1.91
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.74
-4.5
- -
- -
Return on Capital (%)
-660.43
- -
- -
-442.14
- -
- -
- -
-86.03
- -
- -
-78.75
-27.52
-4.79
8.17
-0.73
-7.3
-7.3
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
ST Debt
2,431,368
2,582,307
2,853,602
LT Borrowings
7,069,433
5,779,064
6,499,178
LT Finance Leases
9,402,228
9,055,590
8,753,815
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
476,704
476,704
476,704
Market Capitalization
12,744,748
9,055,479
7,378,538

Working Capital

FRC

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
Total Current Assets
5,212,604
3,213,575
4,357,734
Cash, Cash Equivalents & STI
3,728,136
2,083,204
2,191,274
Accounts Receivable, Net
268,337
288,698
244,210
Inventories
72,013
65,970
55,813
Total Current Liabilities
5,572,504
5,508,398
6,089,420
Payables & Accruals
- -
- -
- -
ST Debt
2,431,368
2,582,307
2,853,602
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.33%
12.06%
36.85%
Free Cash Flow
4.41%
-13.59%
-28.09%
Net Income, GAAP
60.39%
106.46%
1,088.81%
Sales/Revenue/Turnover
15.08%
10.99%
-2.02%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
2,678,835
2,774,505
2,833,553
2,915,686
11,202,579
2023
2,774,466
2,787,368
3,067,703
3,026,172
11,655,708
2024
2,778,775
2,794,059
2,970,252
2,876,639
11,419,725

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.08
- -
- -
- -
3.35
2023
-1.13
- -
- -
- -
-0.32
2024
-0.76
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
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Business
PT Smartfren Telecom Tbk (IDX:FREN) operates as a telecommunications services provider in Indonesia, delivering 4G LTE-based cellular data, voice via VoLTE, and broadband services under the Smartfren brand; it offers personal segment products including starter packs, data packages, devices, broadband, and add-ons, alongside business solutions such as corporate plans, MIFI data plans, Wibox data plans, bulk data plans, device bundling, fixed line internet, networking, unified conferencing, unified communication, unified messaging, web builder services, productivity Office 365 packages, ICT services, Bizcloud, and Internet of Things (IoT) solutions like TREK, Vision+, and ThingSpark. The company serves consumer and enterprise customers across financial services, manufacturing, hospitality, retail, property, transportation, education, and media industries, with network coverage spanning Java, Bali, parts of North and South Sumatra, Sulawesi, and Kalimantan. Incorporated in 2002 and headquartered in Jakarta, Indonesia, it was formerly PT Mobile-8 Telecom Tbk, changing its name in March 2011 after acquiring Smart Telecom, and remains controlled by entities linked to the Sinar Mas Group. On April 16, 2025, PT Smartfren Telecom Tbk and its subsidiary PT Smart Telecom officially merged with PT XL Axiata Tbk to form PT XLSmart Telecom Sejahtera Tbk (XLSmart), a transaction initially announced in December 2024 and valued at over US$6.5 billion, aimed at expanding service reach, enhancing digital infrastructure investment, and fostering market competition through combined scale and expertise.