Integra Indocabinet Tbk PT

The company's capital structure is characterized by a debt-to-equity ratio of 0.66, indicating a moderate reliance on debt financing. Its liquidity position is assessed as medium, with a current ratio of 1.85, suggesting the company has sufficient short-term assets to cover its short-term liabilities. However, the company's operating cash flow is negative at -84,211,978,080 IDR, which contrasts with a positive free cash flow of 116,799,763,520 IDR, indicating that capital expenditures are being offset by operational efficiency. Profitability metrics show a return on equity of 1.74% and a return on assets of 0.97%, which are below the typical thresholds for high-performing firms in the home furnishings industry. The gross profit margin is 20.33%, and the operating margin is 10.97%, both of which are in line with the industry's median performance. The company's net income of 77,680,039,240 IDR reflects a healthy bottom-line result despite the negative operating cash flow. The company's revenue is primarily concentrated in Indonesia, with no significant international exposure disclosed. The business is divided into two main segments: forest concession and manufacturing of wooden furniture. The forest concession segment is managed through PT Narkata Rimba and PT Belayan River Timber, which operate in the Kutai Timur, Kutai Barat, and Kutai Kartanegara regions of East Kalimantan. The manufacturing segment is spread across several subsidiaries, including PT Intertrend Utama and PT Interkraft, which produce furniture and building components for various clients. The company's growth trajectory is expected to be positive, with a revenue outlook that suggests an increase in the current fiscal year. The capital expenditure of -37,312,737,450 IDR indicates ongoing investment in the business, which is likely to support future growth. The company's market price of 302 IDR and a market cap of 1,891,714,983,800 IDR reflect investor confidence in its operations and future prospects. Risk factors include the company's negative net cash position after subtracting total debt, which could affect its ability to meet short-term obligations. The dilution risk is assessed as low, with no significant dilution potential identified. The company's liquidity risk is moderate, and its credit risk is not explicitly stated but inferred from its debt levels and cash flow dynamics. Recent events include the company's continued operations in the wood-based manufacturing sector, with no significant changes in its business model or strategic direction. The company's recent financial performance and operational activities suggest a stable and growing business, supported by its diversified product offerings and established market presence.