Risk factor
Very high price volatility
Profitability factor
Very weak growth
About
PT First Media Tbk, along with its affiliated entities, operates across Indonesia's technology, media, and telecommunications sectors. Its diverse portfolio encompasses fixed-line cable services, multimedia solutions, internet access, enhanced telephony offerings, and business management consulting. The company also offers both subscription and private broadcasting, alongside film and video production. Additional services include calling cards, local fixed network packet-switched and internet connectivity, and internet backbone infrastructure. Beyond these, First Media handles general trading, news agency operations, and provides stationery, printing, and publishing services. Furthermore, the company is active in trading electronic and telecommunication equipment and components, as well as printing and publishing products. Originally incorporated in 1994, the company was initially named PT Broadband Multimedia Tbk before rebranding as PT First Media Tbk in 2007. Headquartered in Jakarta, Indonesia, it operates as a subsidiary of AcrossAsia Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, neutral on EV/EBITD