Delta Djakarta Tbk PT

Delta Djakarta Tbk PT maintains a strong liquidity position, with a current ratio of 2.86 and cash and equivalents amounting to 626.5 billion IDR, representing 55.6% of total assets. The company’s price-to-book ratio of 2.12 and price-to-tangible-book ratio of 2.12 suggest a moderate premium to its book value, while its low debt-to-equity ratio of 0.01 indicates a conservative capital structure with minimal leverage. Profitability metrics show a return on equity (ROE) of 19.84% and a return on assets (ROA) of 13.31%, both exceeding the typical thresholds for the Brewers industry, which emphasizes high margins and efficient asset utilization. The company’s operating margin of 24.77% (calculated from operating income of 167.1 billion IDR on revenue of 674.5 billion IDR) is robust, reflecting strong cost control and pricing power. The company operates as a single-reportable segment, with all revenue derived from its beverage business. Geographically, it is concentrated in Indonesia, with no disclosed international revenue segments. This concentration may expose the company to local economic and regulatory risks, though it also allows for focused market penetration. Outlook data indicates a revenue growth of 0.11% year-over-year, with a net income growth of 0.13% in the current fiscal year. While growth is modest, the company’s stable cash flow and low capital expenditure (-45.7 billion IDR) suggest a focus on maintaining operational efficiency rather than aggressive expansion. Risk assessment highlights low liquidity and dilution risks, with no immediate filing-based flags detected. The company’s low debt load and high cash reserves reduce financial stress, while the absence of dilution sources or recent equity issuance suggests a stable capital structure. Recent events include the continued operation of its Bekasi brewery and the maintenance of its brand portfolio, including Anker and San Miguel products. No material regulatory or litigation events were disclosed in the latest filings.