Nusa Konstruksi Enjiniring Tbk PT

Nusa Konstruksi Enjiniring Tbk PT maintains a strong liquidity position, with a current ratio of 1.54, indicating the company can cover its short-term liabilities with its short-term assets. The company's liquidity_fpt score is high, supported by a positive free cash flow of 3,621,215,190 IDR and a low debt-to-equity ratio of 0.01, suggesting minimal leverage risk.

Profitability metrics show a return on equity of 0.66% and a return on assets of 0.44%, both below the industry median for construction and engineering firms. This suggests the company is underperforming in terms of capital efficiency and asset utilization. Gross profit of 18,168,953,520 IDR and operating income of 3,931,864,010 IDR indicate a relatively narrow margin structure, which may limit its ability to absorb cost increases or price pressures.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns or regulatory changes that could impact its primary market. The absence of segment-specific revenue breakdowns in the financial snapshot limits the ability to assess the performance of individual business lines.

Looking ahead, the company's growth trajectory appears modest. Analyst estimates suggest a revenue of 1,359,987,000,000 IDR for the latest reporting period, which is slightly higher than the reported revenue of 104,826,668,820 IDR. This indicates a potential growth rate, though the exact percentage is not disclosed. The company's capital expenditure of -4,772,171,590 IDR suggests a reduction in investment, which could signal a strategic shift or a response to market conditions.

Risk factors include a medium liquidity risk, primarily due to a negative net cash position after accounting for total debt. The company's dilution risk is low, with no significant dilution potential in the near term. However, the risk assessment highlights the need for continued monitoring of liquidity and debt management practices. The company's recent financial filings do not indicate any major events or regulatory actions that would significantly impact its operations.

The company's recent financial performance and risk profile suggest a stable but conservative approach to capital allocation and growth. The absence of significant debt and the positive free cash flow position the company to weather short-term economic fluctuations, though its low return on equity and assets indicate a need for operational improvements to enhance profitability.

Net income surged 204.7% year-over-year, demonstrating significant profitability acceleration compared to the prior period.

Operating income expanded by 245.6% year-over-year, indicating strong improvement in core operational efficiency and margins.

Free cash flow nearly doubled with a 99.8% year-over-year increase, highlighting robust cash generation capabilities.

Net margin of 4.02% exceeds the construction cohort median of 3.81%, showing superior profitability relative to peers.

Cash conversion ratio of 1.21 significantly outperforms the cohort median of 0.66, reflecting high earnings quality.

Return on equity of 0.66% is well below the cohort median of 4.75%, suggesting inefficient capital utilization.

The company faces medium liquidity and credit risks, which could constrain financial flexibility and increase borrowing costs.

Revenue IDR 230.46B, +43,7% YoY; Operating income +71,3% YoY.

• ▍Revenue IDR 230.46B, +43,7% YoY
• ▍Operating income +71,3% YoY
• ▍Net income −10,7% YoY
• ▍Free cash flow −12,7% YoY
• ▍Net margin 3.2%

Revenue IDR 233.51B, −9,4% YoY; Operating income −8,4% YoY.

• ▍Revenue IDR 233.51B, −9,4% YoY
• ▍Operating income −8,4% YoY
• ▍Net income −23,2% YoY
• ▍Free cash flow −20,7% YoY
• ▍Net margin 9.4%

Revenue IDR 205.73B, +14,3% YoY; Operating income +21,8% YoY.

• ▍Revenue IDR 205.73B, +14,3% YoY
• ▍Operating income +21,8% YoY
• ▍Net income +5,0% YoY
• ▍Free cash flow +377,3% YoY
• ▍Net margin 4.7%

Revenue IDR 261.45B, +149,4% YoY; Operating income +165,3% YoY.

• ▍Revenue IDR 261.45B, +149,4% YoY
• ▍Operating income +165,3% YoY
• ▍Net income +240,5% YoY
• ▍Free cash flow +347,1% YoY
• ▍Net margin 5.5%

Revenue IDR 160.38B; Operating income IDR 6.88B.

• ▍Revenue IDR 160.38B
• ▍Operating income IDR 6.88B
• ▍Net margin 5.2%

Revenue IDR 257.63B; Operating income IDR 22.77B.

• ▍Revenue IDR 257.63B
• ▍Operating income IDR 22.77B
• ▍Net margin 11.1%

Revenue IDR 861.07B, +33,6% YoY; Operating income +16,1% YoY.

• ▍Revenue IDR 861.07B, +33,6% YoY
• ▍Operating income +16,1% YoY
• ▍Net income +12,1% YoY
• ▍Free cash flow +40,4% YoY
• ▍Net margin 6.3%

Revenue IDR 644.56B, +39,3% YoY; Operating income +188,2% YoY.

• ▍Revenue IDR 644.56B, +39,3% YoY
• ▍Operating income +188,2% YoY
• ▍Net income +92,4% YoY
• ▍Free cash flow +47,7% YoY
• ▍Net margin 7.5%