Mulia Boga Raya Tbk PT

The company maintains a strong liquidity position, with a current ratio of 3.14, indicating that it has more than three times the current assets to cover its current liabilities. It has no long-term debt, and its debt-to-equity ratio is 0.0, suggesting a conservative capital structure with no leverage. However, the company reported negative free cash flow of -50.8 billion IDR, driven by capital expenditures of -88.5 billion IDR, which may signal ongoing investment in operations or expansion.

Profitability metrics show a return on equity (ROE) of 4.02% and a return on assets (ROA) of 3.14%, both below the typical thresholds for high-performing food processing firms. The company's gross profit margin is 27.23% (73.05 billion IDR gross profit on 268.3 billion IDR revenue), and its operating margin is 11.72% (31.45 billion IDR operating income on 268.3 billion IDR revenue), which are in line with industry norms but not exceptional.

The company operates as a single business segment, with no disclosed geographic diversification beyond Indonesia. Its revenue is entirely concentrated in the domestic market, which may expose it to local economic and regulatory risks.

Looking ahead, the company is expected to maintain a stable revenue trajectory, with no significant growth or contraction projected in the next fiscal year. The absence of disclosed new product launches or geographic expansion plans suggests a conservative growth strategy.

The company presents low liquidity and dilution risk, with no immediate filing-based flags detected. The absence of long-term debt and the low dilution risk score suggest a stable capital structure with minimal near-term pressure for equity issuance.

Recent filings and transcripts do not indicate any material events or strategic shifts. The company's financial performance and capital structure remain consistent with prior periods, with no significant changes in operating cash flow or net income.

Analysts project 64.5% upside to a mean price target of 905 IDR, reflecting strong buy consensus.

Operating and net margins exceed 11% and 9% respectively, ranking above the 75th percentile of peers.

The company maintains zero long-term debt, providing a debt-to-equity ratio of 0.0 and low credit risk.

Cash conversion efficiency is 6.64, significantly outperforming the cohort median of 0.98 in the food processing sector.

Net income surged 82.8% year-over-year to 179.4 billion IDR, demonstrating strong recent profitability growth.

Revenue and net income CAGRs were negative at -4.3% and -4.9% over the four-year period ending FY0.

Return on equity of 4.0% falls below the food processing cohort median of 4.99%, suggesting lower capital efficiency.

Capital expenditure intensity is in the bottom quartile of peers, potentially signaling underinvestment in future growth.

Only two analysts cover the stock, limiting the breadth of consensus and potential for price discovery errors.

Revenue IDR 475.54B, +29,0% YoY; Operating income +4,2% YoY.

• ▍Revenue IDR 475.54B, +29,0% YoY
• ▍Operating income +4,2% YoY
• ▍Net income +0,1% YoY
• ▍Free cash flow −135,9% YoY
• ▍Net margin 11.7%

Revenue IDR 1.51T, +19,1% YoY; Operating income +19,0% YoY.

• ▍Revenue IDR 1.51T, +19,1% YoY
• ▍Operating income +19,0% YoY
• ▍Net income +22,2% YoY
• ▍Free cash flow +796,9% YoY
• ▍Net margin 11.9%