Surya Toto Indonesia Tbk PT

Surya Toto Indonesia Tbk PT maintains a strong liquidity position, with a current ratio of 4.25, indicating that it has more than four times the current assets to cover its current liabilities. The company's liquidity FPT (free cash flow to total liabilities) is supported by a free cash flow of IDR 179.87 billion and total liabilities of IDR 950.71 billion, suggesting a solid ability to meet short-term obligations. However, the company has a negative net cash position after subtracting total debt, which introduces a medium liquidity risk.

In terms of profitability, the company's return on equity (ROE) of 13.67% and return on assets (ROA) of 9.98% are strong indicators of efficient capital use and asset management. These figures are well above the industry median for construction supplies and fixtures, suggesting that the company is outperforming its peers in generating returns for shareholders and utilizing its assets effectively.

The company's revenue is concentrated in a single business segment, as disclosed in its latest financial report, with no material geographic diversification beyond Indonesia. This concentration increases exposure to local economic conditions and regulatory changes, which could impact revenue stability. The company's operating cash flow of IDR 364.42 billion supports its capital expenditures of IDR 83.00 billion, indicating a balance between reinvestment and cash generation.

Looking ahead, the company is expected to maintain a stable growth trajectory, with revenue and operating income showing consistent year-over-year growth in recent periods. The company's capital expenditure plans are modest relative to its operating cash flow, suggesting a conservative approach to reinvestment. However, the company's debt-to-equity ratio of 0.08 indicates a low leverage profile, which reduces financial risk but may also limit growth opportunities through debt financing.

The company's risk assessment highlights a low dilution potential, with no significant dilution sources identified in the latest filings. However, the negative net cash position after subtracting total debt introduces a medium liquidity risk. The company's risk score is influenced by its exposure to the construction industry, which is sensitive to macroeconomic cycles and regulatory changes in Indonesia.

Recent events, including the company's latest financial filing, indicate a stable operational environment with no material adverse events reported in the past quarter. The company's management has not disclosed any significant strategic shifts or capital structure changes in the most recent earnings call or investor presentation.