Esta Multi Usaha Tbk PT

The company's capital structure is characterized by a debt-to-equity ratio of 0.61, indicating a moderate reliance on debt financing. Its liquidity position is assessed as medium, with a current ratio of 0.75, suggesting limited short-term liquidity to cover immediate liabilities. The price-to-book ratio of 2.4 and price-to-tangible-book ratio of 2.4 indicate that the market values the company at a premium to its book value, but not excessively so. However, the company's return on equity of -0.0012 and return on assets of -0.0007 show that it is currently generating negative returns for shareholders and asset holders.

Profitability metrics reveal a challenging operating environment. The company reported a net loss of -228,690,810 IDR, despite a gross profit of 6,830,860,370 IDR and operating income of 1,016,127,370 IDR. These figures suggest that while the company is generating some operating income, it is not sufficient to offset other expenses and losses. The negative net income contrasts with the industry's typical performance, where positive returns are expected from strong occupancy and pricing in the hospitality sector.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns and regulatory changes. The absence of segment or geographic breakdown in the financial data limits the ability to assess the company's risk profile in detail.

The company's growth trajectory is mixed. While it reported a revenue of 11,430,435,590 IDR, the net loss and negative free cash flow of -7,945,885,680 IDR indicate financial strain. The capital expenditure of -22,315,384,810 IDR suggests significant investment in infrastructure or property, which may be intended to drive future growth. However, the negative free cash flow and high capital expenditure raise concerns about the company's ability to sustain operations without external financing.

Risk factors include a medium liquidity risk, as the company's current ratio is below 1, and a key flag indicating that net cash is negative after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential in the near term. The company's capital structure and liquidity position suggest that it may need to raise additional capital or restructure debt to maintain operations.

Recent events include the company's reported financial performance, which shows a net loss despite positive operating income. The capital expenditure and negative free cash flow suggest ongoing investment in the business. No recent filings or transcripts were provided to detail specific events or strategic moves.

The company maintains a healthy current ratio of 3.04, suggesting strong short-term liquidity to meet immediate obligations.

Revenue demonstrated a four-year CAGR of 49.3%, highlighting substantial historical top-line growth momentum prior to recent periods.

Dilution risk is assessed as low, providing some protection for existing shareholders against equity value erosion.

Operating income remained positive at IDR 2.98 trillion in the latest period, showing core business operations still generate profit.

The company carries a high leverage band with a debt-to-equity ratio of 10.51, indicating significant financial risk.

Credit risk is flagged as high, suggesting potential difficulties in meeting debt obligations or securing future financing.

Net margin of -2.0% and ROE of -0.12% both fall below the cohort median, indicating poor relative profitability.

Cash conversion is in the bottom quartile at -11.67, far worse than the cohort median of 0.99.