Modernland Realty Tbk PT

Modernland Realty Tbk PT has a liquidity risk profile that is currently rated as medium, with a debt-to-equity ratio of 1.94 and a current ratio of 0.84, indicating that the company's short-term liabilities exceed its short-term assets. The company's cash and equivalents amount to only 578,224,660 IDR, which is significantly lower than its long-term debt of 6,836,641,640,720 IDR, further highlighting the liquidity constraints.

The company's profitability is under significant pressure, with a return on equity of -9.67% and a return on assets of -2.5%, both of which are well below the typical performance metrics for the real estate industry. The operating income is negative at -25,962,265,574 IDR, and the net income is also negative at -341,452,998,760 IDR, indicating a substantial decline in operational performance.

Modernland Realty Tbk PT's revenue is primarily concentrated in its core real estate operations, with no disclosed geographic diversification or segment breakdown provided in the available data. The lack of segmental or geographic data limits the ability to assess the company's exposure to different markets or product lines.

The company's growth trajectory is currently negative, with a net income decline and a free cash flow of -330,444,193,390 IDR, indicating a lack of cash generation from operations. The capital expenditure of -11,496,443,940 IDR suggests that the company is not investing in new projects or infrastructure, which could further hinder its ability to generate future revenue.

The risk assessment for Modernland Realty Tbk PT includes a medium liquidity risk and a low dilution risk. The company's negative net cash position after subtracting total debt is a key flag, indicating potential challenges in meeting its financial obligations. The dilution risk is currently low, with no significant dilution sources identified in the available data.

Recent events and filings indicate that the company is facing financial challenges, with a last actual EPS of -142.63 IDR, reflecting the company's current earnings performance. The lack of positive earnings and the negative cash flow suggest that the company may need to seek additional financing or implement cost-cutting measures to stabilize its financial position.

Analysts project 5% upside to a mean price target of 53.56, reflecting a consensus buy recommendation from 28 analysts.

Free cash flow surged 300.8% year-over-year to 279.5 billion IDR, indicating significant improvement in cash generation capabilities.

Operating income expanded 237.4% year-over-year to 665.3 billion IDR, demonstrating strong operational leverage and profitability recovery.

The company maintains a healthy current ratio of 4.29, suggesting strong short-term liquidity to meet immediate financial obligations.

Net income improved by 337% year-over-year to 241.7 billion IDR, marking a substantial turnaround from previous losses.

The company faces high credit risk, signaling potential difficulties in meeting debt obligations or servicing existing liabilities.

Net margin of -1.68% ranks in the bottom quartile of the sector, highlighting persistent profitability challenges relative to peers.

Debt-to-equity ratio of 1.94 is in the bottom quartile of the cohort, indicating higher financial leverage and risk than peers.

Revenue IDR 305.32B; Operating income -IDR 430.37B.

• ▍Revenue IDR 305.32B
• ▍Operating income -IDR 430.37B
• ▍Net margin -171.9%

Revenue IDR 1.02T, −11,7% YoY; Operating income −278,5% YoY.

• ▍Revenue IDR 1.02T, −11,7% YoY
• ▍Operating income −278,5% YoY
• ▍Net income −576,9% YoY
• ▍Free cash flow −364,0% YoY
• ▍Net margin -67.8%

Revenue IDR 1.10T, −45,3% YoY; Operating income −35,1% YoY.

• ▍Revenue IDR 1.10T, −45,3% YoY
• ▍Operating income −35,1% YoY
• ▍Net income +148,0% YoY
• ▍Free cash flow +243,6% YoY
• ▍Net margin 1.8%

Revenue IDR 2.01T; Operating income IDR 458.36B.

• ▍Revenue IDR 2.01T
• ▍Operating income IDR 458.36B
• ▍Net margin -2.1%