Perdana Gapura Prima Tbk PT

The company maintains a strong capital structure with a debt-to-equity ratio of 0.21, indicating a relatively conservative leverage position compared to industry norms. Its liquidity is assessed as medium, with a current ratio of 5.65, suggesting the ability to meet short-term obligations. However, the company has no cash and equivalents, and net cash is negative after subtracting total debt, signaling potential liquidity constraints [doc:GPRA.JK-1023456]. Profitability metrics show a return on equity of 6.02% and a return on assets of 4.14%, which are below the industry median for homebuilders. The operating margin is 26.55% (calculated from operating income of 120.6 billion IDR on revenue of 454.3 billion IDR), and the net margin is 18.02% (81.8 billion IDR net income on 454.3 billion IDR revenue). These figures suggest the company is generating returns but may face pressure to improve efficiency to align with industry benchmarks [doc:GPRA.JK-1023456]. The company operates in two segments: Residential and Commercial Property. Revenue is concentrated in these segments, with no disclosed geographic breakdown. Given the focus on the upper middle market and projects in and around Jakarta, the company is likely exposed to urban real estate dynamics and local demand trends [doc:GPRA.JK-1023456]. Outlook for the current fiscal year indicates a projected revenue increase of 12.3% year-over-year, with a 9.8% growth expected in the following year. This growth trajectory is supported by ongoing residential and commercial development projects, including the expansion of Bukit Cimanggu City and the development of new serviced apartment complexes [doc:GPRA.JK-1023456]. Risk factors include medium liquidity risk due to the absence of cash and equivalents and a negative net cash position. The company has a low dilution risk, with no near-term pressure for equity issuance. However, the risk assessment highlights the need for careful capital management to avoid over-leveraging as projects scale [doc:GPRA.JK-1023456]. Recent events include the completion of the Horison Bhuvana project in Ciawi-Bogor and the initiation of the Spring Garden Residence in Pasadena. These developments are expected to contribute to revenue in the next fiscal year. No recent regulatory or geopolitical events have been disclosed that would significantly impact operations [doc:GPRA.JK-1023456].