Asia Pacific Investama Tbk PT
Asia Pacific Investama Tbk has a negative total equity of -IDR56.72 billion and a debt-to-equity ratio of -3.36, indicating a highly leveraged capital structure. The company's liquidity is assessed as medium, with a current ratio of 0.29, suggesting limited short-term liquidity to cover its liabilities [doc:HA-latest]. The company's market price is IDR64, with a market cap of IDR495.83 billion, and a price-to-earnings ratio of 28.93, which is relatively high given the company's negative earnings [doc:HA-latest]. The company's profitability is weak, with a return on equity of -3.02% and a return on assets of 0.51%. These figures are below the typical performance metrics for the Textiles & Leather Goods industry, indicating that the company is not generating strong returns for its shareholders or assets [doc:HA-latest]. The operating income of IDR75.87 billion and net income of IDR17.14 billion are modest given the company's total assets of IDR334.78 billion, suggesting inefficiencies in asset utilization [doc:HA-latest]. Asia Pacific Investama Tbk's revenue is concentrated in the textile segments, with no significant diversification across other business lines. The company's operations are primarily based in Indonesia, with a factory in Semarang, and it exports products to international markets. However, the company does not disclose specific geographic revenue breakdowns, making it difficult to assess the extent of its international exposure [doc:HA-latest]. The company's growth trajectory is uncertain, with a net income of IDR17.14 billion and an operating cash flow of IDR12.87 billion. The company's capital expenditure of -IDR6.86 billion indicates a reduction in investment in physical assets, which may affect its long-term growth potential [doc:HA-latest]. The company's free cash flow of IDR48.17 billion suggests it has some capacity to fund operations or pay dividends, but the negative net cash position after subtracting total debt raises concerns about its financial flexibility [doc:HA-latest]. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key financial flag is the negative net cash position after subtracting total debt, which could limit the company's ability to meet its obligations without additional financing [doc:HA-latest]. The company's dilution potential is low, and no significant adjustments have been applied to its valuation metrics [doc:HA-latest]. Recent events and filings do not indicate any major changes in the company's operations or financial strategy. The company's last actual EPS was -IDR88.61, and its last actual revenue was IDR1.91 trillion, suggesting a challenging earnings environment [doc:, ].
Business. Asia Pacific Investama Tbk is an Indonesia-based investment holding company that operates through its subsidiary, PT Apac Inti Corpora, in the weaving and spinning business, with segments in Garments, Spinning, Weaving, and Knitting, and exports textile products to international markets [doc:HA-latest].
Classification. Asia Pacific Investama Tbk is classified under the Textiles & Leather Goods industry within the Consumer Cyclicals economic sector, with a classification confidence of 0.92 [doc:verified market data].
- Asia Pacific Investama Tbk has a highly leveraged capital structure with a negative total equity and a debt-to-equity ratio of -3.36.
- The company's profitability is weak, with a return on equity of -3.02% and a return on assets of 0.51%.
- The company's revenue is concentrated in the textile segments, with no significant diversification across other business lines.
- The company's growth trajectory is uncertain, with a reduction in capital expenditure and a negative net cash position after subtracting total debt.
- The company's liquidity risk is assessed as medium, and its dilution risk is low.
- # RATIONALES
- {
- "margin_outlook_rationale": "The company's margin outlook is uncertain due to weak profitability metrics and a negative return on equity.",
- Net cash is negative after subtracting total debt.