Comprehensive Stock Comparison
Compare Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) vs Vodafone Group Public Limited Company (VOD) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | VOD | 2.0% revenue growth vs TLK's 0.5% |
| Value | TLK | Lower P/E (0.0x vs 16.4x) |
| Quality / Margins | TLK | 14.8% net margin vs VOD's -4.1% |
| Stability / Safety | VOD | Beta 0.36 vs TLK's 0.68 |
| Dividends | TLK | 5.0% yield, 5-year raise streak, vs VOD's 5.2% |
| Momentum (1Y) | VOD | +80.1% vs TLK's +55.3% |
| Efficiency (ROA) | TLK | 7.5% ROA vs VOD's -2.2%, ROIC 16.1% vs -0.3% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Telkom Indonesia is Indonesia's largest integrated telecommunications and digital services provider, operating mobile networks, fixed-line services, and digital platforms across the archipelago. It generates revenue primarily from mobile services (~50% of total), fixed broadband, enterprise ICT solutions, and wholesale carrier services. The company's key advantage is its extensive nationwide infrastructure—including the largest fiber-optic backbone and mobile network coverage—which creates significant barriers to entry and supports its dominant market position.
Vodafone is a multinational telecommunications company providing mobile, fixed-line, and converged connectivity services across Europe and Africa. It generates revenue primarily from mobile services (~60% of service revenue), fixed broadband and TV, and its African mobile money platform M-Pesa — which has become a significant growth driver. The company's competitive advantage lies in its extensive European network infrastructure and its entrenched position in African markets where M-Pesa has created a powerful financial services ecosystem.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
VOD leads in 3 of 6 categories (Valuation Metrics, Total Returns). TLK leads in 2 (Financial Metrics, Profitability & Efficiency). 1 tied.
Financial Metrics (TTM)
TLK is the larger business by revenue, generating $147.37T annually — 1987.0x VOD's $74.2B. TLK is the more profitable business, keeping 14.8% of every revenue dollar as net income compared to VOD's -4.1%. On growth, VOD holds the edge at +29.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | TLKPerusahaan Perser… | VODVodafone Group Pu… |
|---|---|---|
| RevenueTrailing 12 months | $147.37T | $74.2B |
| EBITDAEarnings before interest/tax | $72.81T | $21.2B |
| Net IncomeAfter-tax profit | $21.76T | -$3.0B |
| Free Cash FlowCash after capex | $40.12T | $21.9B |
| Gross MarginGross profit ÷ Revenue | +66.7% | +33.4% |
| Operating MarginEBIT ÷ Revenue | +27.0% | +4.4% |
| Net MarginNet income ÷ Revenue | +14.8% | -4.1% |
| FCF MarginFCF ÷ Revenue | +27.2% | +29.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.9% | +29.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -18.7% | -4.6% |
Valuation Metrics
On an enterprise value basis, TLK's 5.3x EV/EBITDA is more attractive than VOD's 7.3x.
| Metric | TLKPerusahaan Perser… | VODVodafone Group Pu… |
|---|---|---|
| Market CapShares × price | $21.1B | $35.8B |
| Enterprise ValueMkt cap + debt − cash | $23.6B | $89.5B |
| Trailing P/EPrice ÷ TTM EPS | 15.03x | -8.14x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.00x | 16.41x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 5.27x | 7.30x |
| Price / SalesMarket cap ÷ Revenue | 2.37x | 0.81x |
| Price / BookPrice ÷ Book value/share | 2.19x | 0.59x |
| Price / FCFMarket cap ÷ FCF | 11.13x | 3.50x |
Profitability & Efficiency
TLK delivers a 14.0% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $-5 for VOD. TLK carries lower financial leverage with a 0.47x debt-to-equity ratio, signaling a more conservative balance sheet compared to VOD's 0.99x.
| Metric | TLKPerusahaan Perser… | VODVodafone Group Pu… |
|---|---|---|
| ROE (TTM)Return on equity | +14.0% | -5.2% |
| ROA (TTM)Return on assets | +7.5% | -2.2% |
| ROICReturn on invested capital | +16.1% | -0.3% |
| ROCEReturn on capital employed | +19.6% | -0.4% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.47x | 0.99x |
| Net DebtTotal debt minus cash | $42.93T | $45.5B |
| Cash & Equiv.Liquid assets | $33.91T | $11.9B |
| Total DebtShort + long-term debt | $76.83T | $57.4B |
| Interest CoverageEBIT ÷ Interest expense | 8.26x | -0.18x |
Total Returns (with DRIP)
A $10,000 investment in VOD five years ago would be worth $11,207 today (with dividends reinvested), compared to $10,996 for TLK. Over the past 12 months, VOD leads with a +80.1% total return vs TLK's +55.3%. The 3-year compound annual growth rate (CAGR) favors VOD at 13.6% vs TLK's -1.3% — a key indicator of consistent wealth creation.
| Metric | TLKPerusahaan Perser… | VODVodafone Group Pu… |
|---|---|---|
| YTD ReturnYear-to-date | +0.9% | +15.1% |
| 1-Year ReturnPast 12 months | +55.3% | +80.1% |
| 3-Year ReturnCumulative with dividends | -3.7% | +46.6% |
| 5-Year ReturnCumulative with dividends | +10.0% | +12.1% |
| 10-Year ReturnCumulative with dividends | +26.4% | -12.4% |
| CAGR (3Y)Annualised 3-year return | -1.3% | +13.6% |
Risk & Volatility
VOD is the less volatile stock with a 0.36 beta — it tends to amplify market swings less than TLK's 0.68 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VOD currently trades 96.5% from its 52-week high vs TLK's 90.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | TLKPerusahaan Perser… | VODVodafone Group Pu… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.68x | 0.36x |
| 52-Week HighHighest price in past year | $23.52 | $15.91 |
| 52-Week LowLowest price in past year | $13.15 | $8.05 |
| % of 52W HighCurrent price vs 52-week peak | +90.4% | +96.5% |
| RSI (14)Momentum oscillator 0–100 | 54.7 | 56.4 |
| Avg Volume (50D)Average daily shares traded | 414K | 4.0M |
Analyst Outlook
Wall Street rates TLK as "Hold" and VOD as "Buy". For income investors, VOD offers the higher dividend yield at 5.24% vs TLK's 4.97%.
| Metric | TLKPerusahaan Perser… | VODVodafone Group Pu… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | — | $11.58 |
| # AnalystsCovering analysts | 2 | 25 |
| Dividend YieldAnnual dividend ÷ price | +5.0% | +5.2% |
| Dividend StreakConsecutive years of raises | 5 | 0 |
| Dividend / ShareAnnual DPS | $17850.40 | $0.68 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +6.2% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | 100 | 86.23 | -13.8% |
| Vodafone Group Publ… (VOD) | 100 | 85.2 | -14.8% |
Vodafone Group Publ… (VOD) returned +12% over 5 years vs Perusahaan Perseroa… (TLK)'s +10%. A $10,000 investment in VOD 5 years ago would be worth $11,207 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | $116.3T | $150.0T | +28.9% |
| Vodafone Group Publ… (VOD) | $52.0B | $37.4B | -27.9% |
Vodafone Group Public Limited Company's revenue grew from $52.0B (2016) to $37.4B (2025) — a -3.6% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | 16.6% | 15.8% | -5.2% |
| Vodafone Group Publ… (VOD) | -9.8% | -11.1% | -13.4% |
Vodafone Group Public Limited Company's net margin went from -10% (2016) to -11% (2025).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2024 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | 0 | 0 | — |
| Vodafone Group Publ… (VOD) | 12.1 | 20.2 | +66.9% |
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has traded in a 0x–0x P/E range over 8 years; current trailing P/E is ~15x. Vodafone Group Public Limited Company has traded in a 2x–20x P/E range over 4 years; current trailing P/E is ~-8x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | 19,619 | 23,873 | +21.7% |
| Vodafone Group Publ… (VOD) | -1.9 | -1.6 | +15.8% |
Vodafone Group Public Limited Company's EPS grew from $-1.90 (2016) to $-1.60 (2025).
Chart 6Free Cash Flow — 5 Years
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk generated $31.9T FCF in 2024 (-17% vs 2021). Vodafone Group Public Limited Company generated $9B FCF in 2025 (+9% vs 2021).
TLK vs VOD: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is TLK or VOD a better buy right now?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) offers the better valuation at 15.0x trailing P/E (0.0x forward), making it the more compelling value choice. Analysts rate Vodafone Group Public Limited Company (VOD) a "Buy" — based on 25 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TLK or VOD?
On forward P/E, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is actually cheaper at 0.0x.
03Which is the better long-term investment — TLK or VOD?
Over the past 5 years, Vodafone Group Public Limited Company (VOD) delivered a total return of +12.1%, compared to +10.0% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK). A $10,000 investment in VOD five years ago would be worth approximately $11K today (assuming dividends reinvested). Over 10 years, the gap is even starker: TLK returned +26.4% versus VOD's -12.4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TLK or VOD?
By beta (market sensitivity over 5 years), Vodafone Group Public Limited Company (VOD) is the lower-risk stock at 0.36β versus Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's 0.68β — meaning TLK is approximately 92% more volatile than VOD relative to the S&P 500. On balance sheet safety, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) carries a lower debt/equity ratio of 47% versus 99% for Vodafone Group Public Limited Company — giving it more financial flexibility in a downturn.
05Which has better profit margins — TLK or VOD?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) is the more profitable company, earning 15.8% net margin versus -11.1% for Vodafone Group Public Limited Company — meaning it keeps 15.8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TLK leads at 28.7% versus -1.1% for VOD. At the gross margin level — before operating expenses — TLK leads at 67.9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is TLK or VOD more undervalued right now?
On forward earnings alone, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) trades at 0.0x forward P/E versus 16.4x for Vodafone Group Public Limited Company — 16.4x cheaper on a one-year earnings basis.
07Which pays a better dividend — TLK or VOD?
All stocks in this comparison pay dividends. Vodafone Group Public Limited Company (VOD) offers the highest yield at 5.2%, versus 5.0% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK).
08Is TLK or VOD better for a retirement portfolio?
For long-horizon retirement investors, Vodafone Group Public Limited Company (VOD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.36), 5.2% yield). Both have compounded well over 10 years (VOD: -12.4%, TLK: +26.4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between TLK and VOD?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: TLK is a mid-cap deep-value stock; VOD is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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- Sector: Communication Services
- Market Cap > $100B
- Revenue Growth > 14%
- Gross Margin > 20%