Pembangunan Jaya Ancol Tbk PT

Pembangunan Jaya Ancol Tbk PT maintains a debt-to-equity ratio of 0.54, indicating a moderate reliance on debt financing, while its current ratio of 0.59 suggests limited short-term liquidity. The company's liquidity position is assessed as medium risk, with free cash flow of 37.6 billion IDR and operating cash flow of 108.2 billion IDR, but net cash is negative after subtracting total debt.

Profitability metrics show a return on equity of 2.83% and a return on assets of 1.28%, both below the industry median for Leisure & Recreation firms, indicating weaker capital efficiency and asset utilization. Gross profit of 162.2 billion IDR and operating income of 89.4 billion IDR reflect a healthy margin structure, but net income of 46.8 billion IDR is constrained by interest and operational costs.

The company's revenue is concentrated in its domestic market, with no disclosed international operations, and no material segment breakdown is available in the latest financials. This lack of diversification increases exposure to local economic conditions and regulatory shifts.

Outlook data indicates a projected revenue increase of 12.3% in the current fiscal year and 8.1% in the next, driven by higher visitor numbers and expanded offerings. Historical revenue growth has averaged 6.5% annually over the past five years, suggesting a moderate but stable trajectory.

Risk factors include a medium liquidity risk due to the current ratio and negative net cash position, as well as potential dilution from capital raising activities, though the risk of dilution is currently assessed as low. No recent filings or transcripts indicate material changes in strategy or operations.

Recent events include the launch of new attractions and the expansion of Ancol's entertainment offerings, which are expected to drive visitor growth and revenue. No significant regulatory or geopolitical risks are currently flagged in the company's disclosures.

Free cash flow surged 205.6% year-over-year to IDR 189.6 billion, highlighting robust cash generation capabilities in 2009.

Cash conversion ratio of 2.31 is more than double the 1.04 cohort median, reflecting efficient working capital management.

Long-term debt decreased consistently from IDR 1.73 trillion in 2005 to IDR 845.7 billion in 2009, reducing leverage risk.

The company faces a high credit risk flag, potentially impacting borrowing costs and financial stability.

Revenue IDR 303.06B, −3,3% YoY; Operating income −20,7% YoY.

• ▍Revenue IDR 303.06B, −3,3% YoY
• ▍Operating income −20,7% YoY
• ▍Net income −9,4% YoY
• ▍Free cash flow +209,8% YoY
• ▍Net margin 12.2%

Revenue IDR 284.67B, −8,8% YoY; Operating income −23,5% YoY.

• ▍Revenue IDR 284.67B, −8,8% YoY
• ▍Operating income −23,5% YoY
• ▍Net income −29,8% YoY
• ▍Free cash flow +19,4% YoY
• ▍Net margin 11.5%

Revenue IDR 210.80B; Operating income IDR 17.41B.

• ▍Revenue IDR 210.80B
• ▍Operating income IDR 17.41B
• ▍Net margin -5.3%

Revenue IDR 384.45B; Operating income IDR 133.97B.

• ▍Revenue IDR 384.45B
• ▍Operating income IDR 133.97B
• ▍Net margin 20.1%

Revenue IDR 313.49B; Operating income IDR 99.02B.

• ▍Revenue IDR 313.49B
• ▍Operating income IDR 99.02B
• ▍Net margin 13.0%

Revenue IDR 312.30B; Operating income IDR 89.35B.

• ▍Revenue IDR 312.30B
• ▍Operating income IDR 89.35B
• ▍Net margin 15.0%

Revenue IDR 1.12T, −11,4% YoY; Operating income −12,8% YoY.

• ▍Revenue IDR 1.12T, −11,4% YoY
• ▍Operating income −12,8% YoY
• ▍Net income +1,4% YoY
• ▍Free cash flow +205,6% YoY
• ▍Net margin 16.1%

Revenue IDR 1.27T, −0,6% YoY; Operating income −16,7% YoY.

• ▍Revenue IDR 1.27T, −0,6% YoY
• ▍Operating income −16,7% YoY
• ▍Net income −24,4% YoY
• ▍Free cash flow −64,2% YoY
• ▍Net margin 14.0%

Revenue IDR 1.27T, +33,0% YoY; Operating income +53,2% YoY.

• ▍Revenue IDR 1.27T, +33,0% YoY
• ▍Operating income +53,2% YoY
• ▍Net income +52,5% YoY
• ▍Free cash flow +8,8% YoY
• ▍Net margin 18.5%

Revenue IDR 957.88B, +146,0% YoY; Operating income +337,5% YoY.

• ▍Revenue IDR 957.88B, +146,0% YoY
• ▍Operating income +337,5% YoY
• ▍Net income +156,1% YoY
• ▍Free cash flow +176,1% YoY
• ▍Net margin 16.1%

Revenue IDR 389.34B; Operating income -IDR 122.90B.

• ▍Revenue IDR 389.34B
• ▍Operating income -IDR 122.90B
• ▍Net margin -70.6%