Hasnur Internasional Shipping Tbk PT

The company's capital structure is characterized by a debt-to-equity ratio of 0.7, indicating a moderate reliance on debt financing. Its liquidity position is assessed as medium, with a current ratio of 1.49, suggesting the company can cover its short-term obligations but with limited buffer. The company has no cash and equivalents, and its free cash flow is negative at -IDR 367.999 billion, driven by capital expenditures of -IDR 478.672 billion. The price-to-book ratio of 0.65 suggests the market values the company below its book value, while the price-to-earnings ratio of 5.79 indicates a relatively low valuation compared to earnings. In terms of profitability, the company's return on equity (ROE) is 11.18%, and return on assets (ROA) is 5.68%, both of which are above the industry median for marine transportation. The operating margin is 14.27% (calculated from operating income of IDR 125.806 billion on revenue of IDR 880.578 billion), which is a strong indicator of operational efficiency. The gross margin of 24.61% (calculated from gross profit of IDR 216.699 billion) also reflects effective cost control in its shipping and logistics operations. The company operates in two segments: Shipping and Loading Unloading. The Shipping segment is the primary revenue driver, with the company's fleet of 14 tugboats and 15 barges serving both domestic and international markets. The Loading Unloading segment supports the company's logistics operations, particularly through its subsidiary, PT Hasnur Resources Terminal, which provides terminal and port facilities. Geographically, the company is heavily concentrated in Indonesia, with no disclosed international revenue breakdown, which may expose it to regional economic and regulatory risks. The company's growth trajectory is expected to remain stable, with no significant revenue growth or decline projected in the current or next fiscal year. The company's revenue of IDR 880.578 billion in the latest period reflects a consistent performance, though the negative free cash flow and high capital expenditures suggest reinvestment in the business rather than expansion. The company's outlook is cautious, with no major changes in revenue or operating income expected in the near term. The company's risk profile is moderate, with a liquidity risk due to the absence of cash and equivalents and a negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential in the near term. The company's capital structure is stable, with a manageable debt-to-equity ratio and a current ratio that suggests it can meet its short-term obligations. The company has not disclosed any recent events or filings that would significantly impact its operations or financial position. The company has not disclosed any recent events, filings, or transcripts that would indicate significant changes in its operations or financial position. The absence of recent events suggests a stable business environment, though the lack of cash and equivalents and the negative free cash flow may indicate ongoing capital needs or reinvestment in the business.