Sepeda Bersama Indonesia Tbk PT

The company maintains a strong liquidity position, with a current ratio of 2.11, indicating that it holds more than twice as much in current assets as it does in current liabilities. However, the liquidity risk is assessed as medium, likely due to the negative net cash position after subtracting total debt. The debt-to-equity ratio is low at 0.08, suggesting a conservative capital structure with minimal reliance on debt financing. Free cash flow stands at 1.42 billion IDR, supporting operational flexibility and potential reinvestment.

Profitability metrics show a return on equity (ROE) of 0.93% and a return on assets (ROA) of 0.49%, both below the typical thresholds for high-performing firms in the recreational products industry. The operating margin is 3.48% (calculated from operating income of 1.90 billion IDR on revenue of 54.59 billion IDR), which is modest compared to industry benchmarks. Gross margin is 12.35% (6.74 billion IDR gross profit on 54.59 billion IDR revenue), indicating room for improvement in cost control or pricing power.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification beyond the domestic market. This concentration increases exposure to local economic conditions and regulatory changes, which could impact revenue stability.

Outlook for the current fiscal year shows a projected revenue increase of 4.2% year-over-year, with a 2.1% growth expected in the following year. This growth trajectory is supported by a stable operating cash flow of 1.86 billion IDR and a low capital expenditure of -5.37 million IDR, indicating minimal reinvestment needs. However, the company's ability to sustain growth may depend on its capacity to expand into new markets or introduce innovative products.

Risk factors include a medium liquidity risk due to the negative net cash position and a low dilution risk, with no near-term pressure for equity issuance. The company has not disclosed any recent dilutive events, and the dilution potential remains low. No recent filings or transcripts have been identified that would suggest material changes in the company's strategic direction or financial health.

The company has not disclosed any recent events, such as earnings calls, investor presentations, or regulatory filings, that would provide insight into its strategic direction or financial performance. This lack of recent communication may limit visibility into the company's near-term plans and risk management strategies.

The company generated IDR 24.5 billion in free cash flow during FY-4, demonstrating strong historical cash generation capabilities.

Operating income reached IDR 36.5 billion in FY-4, indicating robust operational profitability before the recent fiscal decline.

Cash conversion of 1.53 significantly exceeds the cohort median of 0.68, highlighting superior efficiency in turning earnings into cash.

The debt-to-equity ratio of 0.08 is well below the cohort median of 0.31, suggesting a conservative capital structure.

Capex to revenue of -0.0001 is above the 75th percentile, indicating minimal capital expenditure requirements relative to peers.

The company faces a high credit risk flag, suggesting significant concerns regarding its ability to meet financial obligations.

Return on equity of 0.93% is below the cohort median of 2.45%, reflecting inefficient use of shareholder capital.