Capitalinc Investment Tbk PT
The company's capital structure is characterized by a negative total equity of -490,303,845,310 IDR and a debt-to-equity ratio of -0.01, indicating a significant reliance on debt financing. The liquidity position is further strained by a current ratio of 0.59, suggesting that the company may struggle to meet its short-term obligations [doc:MTFN.JK]. The negative operating cash flow of -378,982,410 IDR and free cash flow of -85,486,555,000 IDR highlight the company's cash flow challenges [doc:MTFN.JK]. Profitability metrics show a return on equity of 0.1766 and a return on assets of -0.1859, indicating that the company is not generating sufficient returns to cover its costs. The operating income of -27,480,423,720 IDR and net income of -86,585,415,540 IDR further underscore the company's financial difficulties [doc:MTFN.JK]. The gross profit of 12,511,238,190 IDR is significantly lower than the operating and net losses, suggesting high operational costs [doc:MTFN.JK]. The company's segments include Oil and Gas and Investment. The Oil and Gas segment involves subsidiaries in both upstream and downstream sectors, including PT Cahaya Batu Raja Blok, Greenstar Assets Limited, and PT Kutai Etam Petroleum for upstream, and PT Indo Kilang Prima, PT Indo LNG Prima, and PT Indogas Kriya Dwiguna for downstream [doc:MTFN.JK]. The geographic exposure is primarily within Indonesia, with no significant international revenue concentration disclosed [doc:MTFN.JK]. The growth trajectory is negative, with a net income of -86,585,415,540 IDR and a free cash flow of -85,486,555,000 IDR. The company's revenue of 531,108,385,870 IDR is not sufficient to cover its operating and financial costs, indicating a decline in performance [doc:MTFN.JK]. The capital expenditure of -114,458,140 IDR suggests a reduction in investment in new projects or assets [doc:MTFN.JK]. The risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt highlights the company's financial instability [doc:MTFN.JK]. The dilution potential is low, but the company's negative equity and high debt levels may require additional financing, which could lead to further dilution [doc:MTFN.JK]. Recent events include the company's financial performance, as reflected in the analyst estimates of last actual EPS of 0.11 IDR and last actual revenue of 26,022,000,000 IDR. These figures indicate a significant decline in performance compared to the company's reported financials [doc:MTFN.JK].
Business. PT Capitalinc Investment Tbk is an Indonesia-based holding and investment company that acquires companies engaged in the oil and gas business in the upstream and downstream sectors [doc:MTFN.JK].
Classification. The company is classified under the industry "Oil & Gas Exploration and Production" within the business sector "Energy - Fossil Fuels" with a confidence level of 0.92 [doc:MTFN.JK].
- The company is experiencing significant financial losses, with a net income of -86,585,415,540 IDR and a free cash flow of -85,486,555,000 IDR.
- The capital structure is heavily reliant on debt, with a negative total equity of -490,303,845,310 IDR and a debt-to-equity ratio of -0.01.
- The company's profitability is weak, with a return on equity of 0.1766 and a return on assets of -0.1859.
- The liquidity position is strained, as indicated by a current ratio of 0.59 and a negative operating cash flow of -378,982,410 IDR.
- The company's growth trajectory is negative, with a decline in performance and a reduction in capital expenditure.
- # RATIONALES
- margin_outlook_rationale: The company's margin outlook is negative due to high operational costs and a significant decline in profitability.
- rd_outlook_rationale: The company's R&D outlook is not applicable as it is primarily an investment and holding company.
- Net cash is negative after subtracting total debt.