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PT Sarana Menara Nusantara Tbk.

PT Sarana Menara Nusantara Tbk.

SMNUF
PT Sarana Menara Nusantara Tbk.US flagOther OTC
0.02
USD
- -
- -
1.16BMarket Cap
PT Sarana Menara Nusantara Tbk.
SMNUF
(Other OTC)

Recent

price

0.02

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
26.58
32.36
44.4
62.67
80.49
87.62
99.05
104.64
115.12
128.08
148.47
173.32
221.6
235.75
255.56
248.65
260.57
Revenue per Share
1.96
5.56
6.8
3.3
21.56
57.99
41.84
41.17
43.16
46.48
56.55
68.79
69.12
65.32
66.93
68.62
67.92
Basic EPS, GAAP
-10.67
-28.52
-26.41
-28.1
-0.44
-0.59
-75.79
-14.52
-53.06
-95.63
-78.54
-44.01
-94
-91.64
-90.68
-61.33
-79.28
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
19.55
23.66
23.56
23.41
28.19
24.14
24.12
18.09
22.24
33.78
Dividend per Share
14.28
19.85
26.64
70.82
92.37
75.03
116.87
138.31
158.08
182.86
216.85
258.97
304.12
345.34
393.94
414.01
411.54
Book Value per Share
24.01
29.77
52.34
54.18
76.96
44.8
100.77
124.66
134.21
144.92
176.27
-92.27
-42.82
-0.61
48.73
195.99
66.72
Tangible Book Value per Share
51,015
51,015
51,015
51,015
51,015
51,015
51,015
51,015
50,971
50,391
50,148
49,824
49,799
49,799
49,835
53,601
49,799
Basic Weighted Avg Shares
1,355,846
1,650,906
2,265,260
3,197,139
4,106,175
4,469,784
5,053,112
5,337,939
5,867,860
6,454,302
7,445,426
8,635,346
11,035,650
11,740,345
12,735,815
13,327,907
12,976,170
Sales/Revenue/Turnover
53.1
54.82
57.68
53.93
68.68
74.74
58.75
65.04
63.37
60.1
64.08
62.77
64.52
59.99
58.51
58.91
58.94
Operating Margin (%)
407,489
480,906
582,114
927,790
1,083,806
389,819
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
100,014
283,884
346,836
168,512
1,099,900
2,958,417
2,134,348
2,100,125
2,200,055
2,341,955
2,836,000
3,427,375
3,442,025
3,253,097
3,335,437
3,678,316
3,382,427
Net Income, GAAP
24.49
25.37
24.71
27.78
29.44
25.09
29.34
25.07
24.86
18.98
10.65
7.22
11.44
6.83
4.87
0.16
9.58
Effective Tax Rate (%)
7.38
17.2
15.31
5.27
26.79
66.19
42.24
39.34
37.49
36.29
38.09
39.69
31.19
27.71
26.19
27.6
26.07
Profit Margin (%)
-133,752
-271,691
245,072
-208,341
603,017
1,555,829
291,598
819,230
-2,476,411
-2,090,715
-4,222,856
-14,482,126
-10,794,950
-19,872,070
-15,168,395
-16,144,438
-16,353,684
Working Capital
4,336,438
5,403,552
7,946,558
8,221,252
9,150,980
9,456,400
8,403,425
8,364,888
9,093,864
13,223,332
15,805,689
30,191,078
35,408,616
26,323,431
37,136,265
29,471,717
36,247,698
LT Debt
1,225,081
1,518,666
3,418,548
3,693,239
4,715,762
3,835,450
5,959,893
7,101,812
8,033,280
8,760,621
10,184,048
12,062,016
14,432,334
16,511,664
19,169,209
27,083,306
19,904,025
Total Equity
9.15
10.15
10.38
10.15
14.63
18.04
14.15
16.22
15.76
14.51
15.72
11.24
10.63
10.83
10.65
10.9
10.27
Return on Invested Capital (%)
1.84
9.16
8.23
4.44
10.98
23.96
17.21
16.09
15.59
13.85
13.73
10.16
9.09
9.41
9.25
9.42
9.27
Return on Capital (%)
14.96
32.61
29.25
6.78
26.42
69.28
43.6
32.27
29.11
27.12
28.23
28.83
24.54
20.12
18.11
17.59
17.62
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
15,199,870
16,280,915
14,533,299
LT Borrowings
36,463,187
35,519,970
35,677,906
LT Finance Leases
673,078
624,375
569,792
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50,037
50,037
50,037
Market Capitalization
37,750,803
26,559,430
29,638,397

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
4,955,840
5,955,736
3,755,255
Cash, Cash Equivalents & STI
976,782
2,041,165
824,150
Accounts Receivable, Net
3,292,793
3,122,581
2,116,385
Inventories
15,943
14,659
11,019
Total Current Liabilities
20,124,235
22,140,418
20,108,939
Payables & Accruals
- -
- -
- -
ST Debt
15,199,870
16,280,915
14,533,299
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.29%
21.98%
41.29%
Free Cash Flow
1,312.26%
7.69%
-27.25%
Net Income, GAAP
3.15%
5.72%
10.28%
Sales/Revenue/Turnover
11.73%
12.66%
4.65%
Total Cash Common Dividend
- -
2.49%
32.28%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,046,551
3,107,324
3,295,166
3,286,774
12,735,815
2025
3,208,440
3,185,790
3,641,206
- -
13,327,907
2026
3,555,778
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16.01
- -
- -
- -
66.93
2025
16.12
- -
- -
- -
68.62
2026
16.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
18.09
2025
6.03
- -
- -
- -
22.24
2026
- -
- -
- -
- -
- -
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Business
PT Sarana Menara Nusantara Tbk (TOWR.JK; SMNUF) is an Indonesia-based investment holding company that owns and operates telecommunication towers and fiber optic networks for lease to wireless operators and other telecommunication service providers; it provides fiber-to-the-tower (FTTT), fiber-to-the-home (FTTH), connectivity solutions including internet broadband, virtual private networks, and very small aperture terminal (VSAT) services; and offers ancillary services such as telecommunication equipment trading, construction, installation, management consulting, electrical power support, and real estate rental. The company conducts its primary operations through its 99.99%-owned subsidiary PT Profesional Telekomunikasi Indonesia (Protelindo), founded in 2003, and major subsidiary PT iForte Solusi Infotek; as of June 2025, it owns and operates approximately 35,825 telecommunication tower sites with over 58,000 tenancies and about 170,000 km of fiber optic network, primarily across Sumatra, Java, Bali, Kalimantan, and Sulawesi, serving major mobile network operators including PT XL Axiata Tbk, PT Telkomsel, PT Indosat Tbk, and PT Hutchison 3 Indonesia. PT Sarana Menara Nusantara Tbk, founded in 2008 and headquartered in Kudus, Central Java, listed on the Indonesia Stock Exchange in 2010 and operates as a subsidiary of PT Sapta Adhikari Investama. In 2024, the company completed the strategic acquisition of 90.11% of PT Inti Bangun Sejahtera Tbk (IBST) by its subsidiary iForte for approximately IDR 3.42 trillion, adding 3,869 towers, 3,839 new tenants, and expanding fiber infrastructure to support enhanced FTTT, FTTH, and connectivity services while generating additional EBITDA exceeding IDR 700 billion; this bolstered its position as Indonesia's largest independent digital infrastructure provider amid rising digital demand. The acquisition contributed to FY24 revenue of IDR 12.74 trillion, up 8.48% year-over-year, with tower leasing at IDR 8.52 trillion, fiber at IDR 2.07 trillion (up 18.09%), and FTTH/connectivity at IDR 2.14 trillion (up 35.21%), alongside net profit of IDR 3.73 trillion, up 29.28%. In April 2025, it acquired a 40% stake in PT Remala Abadi Tbk (DATA) through iForte, further diversifying operations; the company explores power-as-a-service and renewable energy opportunities while navigating telco consolidations like EXCL-FREN.