TLKM.jk 37% upside BUY. Higher cashflow & under valued now
Apr 25, 2024 ; a simple analysis of the first quarter results
1 Sales of 37,429 billion rupiah was + 4% from a year ago.
2 Quarterly free Cashflow CF was 7,220 billion rupiah vs 5,112 billion rupiah the previous quarter & -446 billion rupiah a year ago.
3 Twelve months CF was 24,737 billion rupiah up from 19,287 billion rupiah in the previous twelve months.
4 The CF return on assets of 288,036 billion rupiah was 9% for six months. 9% for twelve months & an average 8% for the last seven years.
5 Using a risk free rate 6% divided into the twelve months CF return 9% gives a target valuation 144% for market cap / assets .
6 The current valuation of market cap / assets 105% is lower.
7 Thus there is 37% upside for the share price to 4,767 rupiah. BUY.
Sharpfokus Team
+6287855572666
Apr 25, 2024 ; a simple analysis of the first quarter results
1 Sales of 37,429 billion rupiah was + 4% from a year ago.
2 Quarterly free Cashflow CF was 7,220 billion rupiah vs 5,112 billion rupiah the previous quarter & -446 billion rupiah a year ago.
3 Twelve months CF was 24,737 billion rupiah up from 19,287 billion rupiah in the previous twelve months.
4 The CF return on assets of 288,036 billion rupiah was 9% for six months. 9% for twelve months & an average 8% for the last seven years.
5 Using a risk free rate 6% divided into the twelve months CF return 9% gives a target valuation 144% for market cap / assets .
6 The current valuation of market cap / assets 105% is lower.
7 Thus there is 37% upside for the share price to 4,767 rupiah. BUY.
Sharpfokus Team
+6287855572666