Multipolar Tbk PT

Multipolar Tbk PT maintains a capital structure with a debt-to-equity ratio of 0.49, indicating a relatively balanced approach to financing. The company's liquidity position is characterized by a current ratio of 1.03, suggesting it has just enough current assets to cover its current liabilities. However, the company's operating cash flow is negative at -57,526 million IDR, which may raise concerns about its ability to fund operations from core business activities.

In terms of profitability, the company's return on equity is 2.84%, and its return on assets is 0.93%. These figures are below the typical thresholds for strong performance in the retail sector, indicating that the company may not be generating returns as efficiently as its peers. The company's net income of 116,329 million IDR is derived from a gross profit of 426,181 million IDR, suggesting that while the company is profitable, its margins are relatively thin.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no significant geographic diversification reported. This concentration may expose the company to higher risks if market conditions in its primary operating region deteriorate.

Looking at the company's growth trajectory, the financial data does not provide specific forward-looking revenue projections. However, the company's free cash flow of 262,897 million IDR indicates that it has the capacity to fund growth initiatives or return value to shareholders. The company's capital expenditure of -134,346 million IDR suggests that it is investing in its operations, which could support future growth.

The company's risk assessment highlights a medium liquidity risk, primarily due to its negative net cash position after accounting for total debt. The dilution risk is assessed as low, indicating that the company is not expected to issue a significant number of new shares in the near term. The company's financial structure and operational performance suggest that it is not currently under significant pressure to dilute its equity.

Recent events and filings do not provide specific details on the company's strategic initiatives or major corporate actions. The company's last actual EPS was reported at 25.37 IDR, which serves as a benchmark for investor expectations. The absence of recent significant events or disclosures suggests a relatively stable operational environment for the company.

Operating margin of 6.1% exceeds the 4.3% median for the department store cohort, indicating superior cost management.

Net margin of 4.3% significantly outperforms the 1.5% cohort median, demonstrating strong profitability relative to peers.

Debt-to-equity ratio of 0.49 is below the 0.52 cohort median, reflecting a conservative leverage profile.

Dilution risk is assessed as low, providing stability for existing shareholders against equity erosion.

Operating income collapsed 113.2% year-over-year to a negative IDR 16.7 billion, indicating core business struggles.

Credit risk is flagged as high, raising concerns about the company's ability to meet its financial obligations.

Cash conversion of -0.49 ranks in the bottom quartile, showing poor ability to turn earnings into cash.

Revenue IDR 11.39T, +3,9% YoY; Operating income +58,2% YoY.

• ▍Revenue IDR 11.39T, +3,9% YoY
• ▍Operating income +58,2% YoY
• ▍Net income −15,7% YoY
• ▍Free cash flow +1 027,9% YoY
• ▍Net margin 1.3%

Revenue IDR 10.96T, +0,4% YoY; Operating income +91,7% YoY.

• ▍Revenue IDR 10.96T, +0,4% YoY
• ▍Operating income +91,7% YoY
• ▍Net income +16,2% YoY
• ▍Free cash flow −85,3% YoY
• ▍Net margin 1.5%