Electronic City Indonesia Tbk PT

The company's capital structure is characterized by a low debt-to-equity ratio of 0.06, indicating a conservative leverage profile, and a current ratio of 1.58, suggesting adequate short-term liquidity [doc:HA-latest]. However, the price-to-book ratio of 0.21 and price-to-tangible-book ratio of 0.21 reflect a significant discount to book value, potentially signaling undervaluation or underlying asset impairment risks [doc:valuation snapshot]. Free cash flow is negative at -104,964,803,590 IDR, driven by capital expenditures of -34,322,764,410 IDR and low operating cash flow of 2,090,458,770 IDR, which constrains reinvestment capacity [doc:HA-latest]. Profitability metrics are weak, with a net loss of -150,207,842,340 IDR and an operating loss of -175,756,172,510 IDR, translating to a return on equity of -15.17% and return on assets of -9.53% [doc:HA-latest]. These figures fall well below the typical performance of the computer and electronics retail sector, where positive returns and gross margins above 25% are common [doc:industry_config]. The gross profit margin of 12.39% (271,104,101,830 IDR / 2,188,342,375,980 IDR) is also below the sector median, indicating pricing pressure or cost inefficiencies [doc:HA-latest]. The company's revenue is concentrated in its core electronics retail segment, with disclosed categories including audio-video, household appliances, IT and mobile phones, and eco-friendly products [doc:HA-latest]. No geographic breakdown is provided, but the business is primarily localized in Indonesia, with no material international exposure. This concentration increases vulnerability to domestic economic shifts and consumer spending trends [doc:HA-latest]. Outlook for the current fiscal year is negative, with a projected revenue decline and continued operating losses. The company has not provided specific growth targets, but the negative free cash flow and weak operating performance suggest limited capacity for expansion or innovation [doc:outlook]. Historical revenue trends and the absence of a clear turnaround strategy further support a cautious outlook [doc:HA-latest]. Risk factors include liquidity constraints, as evidenced by the low liquidity risk score and negative free cash flow, which could limit the company's ability to fund operations or respond to market changes [doc:risk_assessment]. Dilution risk is currently low, with no immediate filing-based flags detected, but the company's capital structure and operating losses may necessitate future equity or debt financing [doc:risk_assessment]. Recent filings and transcripts do not highlight any material events or strategic shifts. The company has not disclosed new product launches, major partnerships, or restructuring plans that could alter its trajectory [doc:HA-latest].