Financials PT Sarana Menara Nusantara Tbk.

Equities

TOWR

ID1000128804

Integrated Telecommunications Services

End-of-day quote INDONESIA S.E. Other stock markets 2025-01-21			5-day change	1st Jan Change
670.00 ^IDR	+0.75%		+3.08%	+2.29%

Nov. 04	PT Sarana Menara Nusantara Tbk., Q3 2024 Earnings Call, Nov 04, 2024
Oct. 30	PT Sarana Menara Nusantara Tbk. Reports Earnings Results for the Nine Months Ended September 30, 2024	CI

Projected Income Statement: PT Sarana Menara Nusantara Tbk.

income-statement-evolution-chart PT-SARANA-MENARA-NUSANTAR

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,454	7,445	8,635	11,036	11,740	12,410	13,070	13,649
Change	-	15.36%	15.98%	27.8%	6.39%	5.71%	5.32%	4.43%
EBITDA ¹	5,385	6,405	7,434	9,517	9,980	10,435	10,918	11,350
Change	-	18.93%	16.07%	28.01%	4.87%	4.57%	4.62%	3.96%
EBIT ¹	4,036	4,761	5,575	7,210	7,136	7,397	7,728	8,015
Change	-	17.97%	17.09%	29.34%	-1.02%	3.65%	4.48%	3.7%
Interest Paid ²	-918,834	-1,167,706	-1,345,581	-2,394,167	-2,858,027	-2,892,500	-2,948,333	-2,951,667
Earnings before Tax (EBT) ¹	3,009	3,399	4,051	4,459	4,104	4,189	4,562	4,859
Change	-	12.96%	19.18%	10.08%	-7.97%	2.08%	8.9%	6.52%
Net income ¹	2,342	2,836	3,427	3,442	3,253	3,334	3,589	3,818
Change	-	21.1%	20.85%	0.43%	-5.49%	2.48%	7.66%	6.37%
Announcement Date	4/13/20	4/30/21	4/19/22	3/27/23	1/15/24	-	-	-

¹IDR in Billions²IDR in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales	1,800	1,820	1,865	1,870	-	-	-	-	-	-	-	-	-	-	-	2,943	-	-	-	-	-	-	-	-	-
Change	-	1.13%	2.49%	0.25%	-100%	-	-	-	-	-	-	-	-	-	-	-	-100%	-	-	-	-	-	-	-	-
EBITDA ¹	1,513	1,313	1,604	1,611	-	-	1,730	1,805	2,216	2,251	2,320	2,396	2,550	2,439	2,475	2,503	2,563	2,545	2,588	2,812	2,582	2,602	2,626	2,656	2,681
Change	-	-13.18%	22.1%	0.43%	-100%	-	-	4.33%	22.75%	1.57%	3.09%	3.26%	6.42%	-4.35%	1.49%	1.11%	2.4%	-0.69%	1.7%	8.67%	-8.2%	0.77%	0.92%	1.14%	0.94%
EBIT	1,208	1,141	1,141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-5.57%	0.04%	-100%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	744.9	519	782.3	607	927.7	789.2	900.5	889.9	847.7	853.5	837.6	867.6	883.3	752.4	806.7	866.5	827.5	-	807.7	842.2	843.2	-	-	-	-
Change	-	-30.34%	50.74%	-22.4%	52.83%	-14.93%	14.1%	-1.18%	-4.74%	0.69%	-1.86%	3.57%	1.82%	-14.82%	7.21%	7.41%	-4.5%	-100%	-	4.27%	0.12%	-100%	-	-	-
Announcement Date	4/13/20	5/18/20	8/3/20	11/3/20	4/30/21	5/31/21	8/25/21	11/19/21	4/19/22	5/31/22	8/30/22	11/30/22	3/27/23	5/2/23	8/1/23	10/31/23	1/15/24	5/1/24	9/27/24	10/31/24	-	-	-	-	-

¹IDR in Billions

Estimates

Fiscal Period: December	2020 S1
Net sales ¹	3,685
Change	-
EBITDA ¹	3,164
Change	-
EBIT ¹	2,282
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income ¹	1,301
Change	-
Announcement Date	8/3/20

¹IDR in Billions

Estimates

Forecast Balance Sheet: PT Sarana Menara Nusantara Tbk.

balance-sheet-analysis-chart PT-SARANA-MENARA-NUSANTAR

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	14,648	18,838	41,881	44,629	44,503	43,555	42,600	40,823
Change	-	28.6%	122.32%	6.56%	-0.28%	-2.13%	-2.19%	-4.17%
Announcement Date	4/13/20	4/30/21	4/19/22	3/27/23	1/15/24	-	-	-

¹IDR in Billions

Estimates

Cash Flow Forecast: PT Sarana Menara Nusantara Tbk.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	5,249	3,939	2,193	4,681	4,547	6,908	3,890	3,679
Change	-	-24.97%	-44.33%	113.5%	-2.87%	51.94%	-43.7%	-5.42%
Free Cash Flow (FCF) ¹	-1,293,554	2,012,603	4,003,706	3,391,931	4,368,396	6,145,333	7,051,333	8,082,000
Change	-	-255.59%	98.93%	-15.28%	28.79%	40.68%	14.74%	14.62%
Announcement Date	4/13/20	4/30/21	4/19/22	3/27/23	1/15/24	-	-	-

¹IDR in Million

Estimates

Forecast Financial Ratios: PT Sarana Menara Nusantara Tbk.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	83.44%	86.02%	86.09%	86.23%	85%	84.09%	83.53%	83.16%
EBIT Margin (%)	62.53%	63.94%	64.55%	65.33%	60.78%	59.6%	59.13%	58.72%
EBT Margin (%)	46.62%	45.65%	46.91%	40.41%	34.95%	33.75%	34.9%	35.6%
Net margin (%)	36.29%	38.09%	39.69%	31.19%	27.71%	26.86%	27.46%	27.97%
FCF margin (%)	-20,041.73%	27,031.4%	46,364.16%	30,736.12%	37,208.56%	49,518.51%	53,949.99%	59,211.1%
FCF / Net Income (%)	-55,233.94%	70,966.26%	116,815.52%	98,544.64%	134,284.1%	184,332.5%	196,453.24%	211,684.13%
Profitability
ROA	9.25%	9.16%	6.85%	5.24%	4.85%	4.67%	4.66%	4.83%
ROE	27.95%	30.04%	30.9%	26.04%	21.08%	19%	17.63%	16.94%
Financial Health
Leverage (Debt/EBITDA)	2.72x	2.94x	5.63x	4.69x	4.46x	4.17x	3.9x	3.6x
Debt / Free cash flow	-0.01x	0.01x	0.01x	0.01x	0.01x	0.01x	0.01x	0.01x
Capital Intensity
CAPEX / Current Assets (%)	81.33%	52.9%	25.39%	42.42%	38.73%	55.67%	29.76%	26.95%
CAPEX / EBITDA (%)	97.47%	61.49%	29.49%	49.19%	45.56%	66.2%	35.63%	32.41%
CAPEX / FCF (%)	-0.41%	0.2%	0.05%	0.14%	0.1%	0.11%	0.06%	0.05%
Items per share
Cash flow per share ¹	78.5	118.7	124.3	162.1	179	186.6	163.5	169.7
Change	-	51.18%	4.72%	30.44%	10.43%	4.25%	-12.38%	3.75%
Dividend per Share ¹	23.86	6	28.09	-	24.1	25.34	27.68	29.46
Change	-	-74.85%	368.17%	-	-	5.13%	9.23%	6.45%
Book Value Per Share ¹	173.8	199	235.8	289.2	330.5	371.8	420.5	468.3
Change	-	14.54%	18.48%	22.62%	14.28%	12.5%	13.1%	11.37%
EPS ¹	46	57	69	69	65	66.9	70.16	75.52
Change	-	23.91%	21.05%	0%	-5.8%	2.92%	4.88%	7.63%
Nbr of stocks (in thousands)	50,269,743	50,100,396	49,798,940	49,798,940	49,799,042	50,036,733	50,036,733	50,036,733
Announcement Date	4/13/20	4/30/21	4/19/22	3/27/23	1/15/24	-	-	-