Indo-Rama Synthetics Tbk PT

The company’s capital structure is highly leveraged to equity, with a price-to-book ratio of 4222.15 and a tangible book ratio of the same value, indicating a significant premium over its net asset value. Despite a negative net income of -16,164,170 USD and an operating loss of -11,130,020 USD, the company maintains a current ratio of 1.0, suggesting short-term liquidity is balanced with current liabilities. However, the negative free cash flow of -2,586,750 USD and capital expenditure of -27,013,970 USD highlight ongoing reinvestment pressures. Profitability metrics are sharply negative, with a return on equity of -4.31% and a return on assets of -2.08%, both well below the typical thresholds for industry sustainability. The gross profit of 12,125,730 USD is insufficient to cover operating expenses, leading to a net loss. The company’s EBITDA is negative at -142,287.00 USD, and the enterprise value to revenue ratio of 2033.54 suggests a valuation disconnected from earnings. Geographically, the company’s revenue is not disclosed by region, but its export footprint spans 70 countries, indicating a global customer base. Segment-wise, the Polyester and Fabrics divisions are central to operations, while the Others segment includes trading and investment activities. No revenue concentration is disclosed, but the lack of segment-specific revenue data limits visibility into exposure risks. The company’s growth trajectory is uncertain, with no forward-looking revenue or EPS guidance provided in the input data. The operating cash flow of 22,869,260 USD is positive but insufficient to offset the negative free cash flow. Analyst estimates for revenue and EPS are not aligned with the financial snapshot, suggesting potential volatility in performance. Risk factors include a negative net cash position after subtracting total debt, with a debt-to-equity ratio of 0.34. The liquidity risk is rated as medium, and the dilution risk is low, with no near-term dilution pressure indicated. No dilution sources are disclosed in the input data, and no adjustments are applied to the valuation metrics. Recent events include the disclosure of a negative net income and operating loss, alongside a high price-to-book ratio. No specific filings or transcripts are provided in the input data to detail recent strategic or operational developments.