PT Dewi SHRI Farmindo Tbk

The company maintains a strong liquidity position, with a current ratio of 13.24, indicating a high ability to meet short-term obligations. However, its price-to-book ratio of 1.56 and price-to-tangible-book ratio of 1.56 suggest that the market values the company at a moderate premium to its book value. The debt-to-equity ratio of 0.09 reflects a conservative capital structure, with long-term debt at 15.18 billion IDR compared to total equity of 163.01 billion IDR. Profitability metrics show a return on equity (ROE) of 4.24% and a return on assets (ROA) of 3.78%, which are below the typical thresholds for high-margin food and agriculture firms. The gross profit margin is 18.86% (15.51 billion IDR gross profit on 82.21 billion IDR revenue), and the operating margin is 12.39% (10.19 billion IDR operating income on 82.21 billion IDR revenue). These figures suggest the company is operating in a competitive, low-margin segment of the food industry. The company operates in two segments: Carcass and Broiler Commercial. Revenue concentration data is not provided, but the company's operations are centered in West Java, with no disclosed international presence. This geographic concentration may expose the company to regional supply chain and demand risks. The company reported revenue of 82.21 billion IDR in the latest period, with no capital expenditure recorded. The outlook for the current fiscal year is not explicitly provided, but the absence of capex and the low dilution risk suggest a stable operational phase. The company's market cap of 254 billion IDR and a price-to-earnings ratio of 36.79 indicate a relatively high valuation compared to earnings. Risk factors include a medium liquidity rating and a negative net cash position after subtracting total debt. The company has a low dilution risk, with no difference between basic and diluted shares outstanding. No recent events, such as filings or transcripts, are provided in the input data to suggest material changes in the company's risk profile. The company's valuation and financial structure suggest a stable but low-growth business model. The absence of capital expenditure and the low dilution risk indicate a focus on maintaining current operations rather than aggressive expansion. The company's financials are consistent with a mature player in the broiler chicken farming industry, with limited visibility on future growth drivers.