Cisadane Sawit Raya Tbk PT

The company maintains a conservative capital structure with a debt-to-equity ratio of 0.52, below the median for its industry, and a current ratio of 1.44, indicating moderate liquidity. However, its net cash position is negative after subtracting total debt, signaling potential liquidity constraints. The price-to-book ratio of 1.21 and tangible book value alignment suggest a valuation in line with asset-backed fundamentals. Profitability metrics show strong performance, with a return on equity (ROE) of 18.32% and return on assets (ROA) of 10.66%, both exceeding the industry median. Gross profit of IDR 657.23 billion and operating income of IDR 423.21 billion reflect efficient cost management and pricing power in its core segments. The company’s revenue is concentrated in two primary segments: Crude Palm Oil and Palm Kernel, and Plantation Industry. Geographically, it operates in North and South Sumatra, with no disclosed diversification beyond Indonesia. This concentration increases exposure to regional supply chain disruptions and regulatory shifts. Outlook for the current fiscal year shows a projected revenue increase of 8.2% year-over-year, driven by higher palm oil prices and expanded milling capacity. The next fiscal year is expected to see a 5.1% growth, assuming stable input costs and no major geopolitical shocks. Risk factors include moderate liquidity risk due to negative net cash and a medium debt load. Dilution risk is low, with no recent share issuance and diluted shares equal to basic shares. However, the company’s reliance on a single commodity and geographic concentration introduces operational and regulatory risks. Recent filings and transcripts highlight ongoing investments in milling infrastructure and a focus on sustainable practices to meet ESG standards. No material legal or regulatory issues were disclosed in the latest 10-K equivalent.