Jasa Armada Indonesia Tbk PT

Jasa Armada Indonesia Tbk PT maintains a strong liquidity position, with a current ratio of 2.73 and a cash and equivalents balance of 269 billion IDR, indicating a solid ability to meet short-term obligations. The company's liquidity FPT (free cash flow to total liabilities) is robust, supported by a free cash flow of 66.8 billion IDR and total liabilities of 369 billion IDR. This liquidity profile is further reinforced by a low debt-to-equity ratio of 0.02, suggesting minimal leverage risk.

In terms of profitability, the company's return on equity (ROE) of 3.26% and return on assets (ROA) of 2.5% are below the industry median for marine freight and logistics, indicating that the company is generating returns at a slower pace than its peers. The operating margin, calculated as operating income of 46.3 billion IDR on revenue of 305.4 billion IDR, is 15.2%, which is in line with the industry's preferred metrics but does not suggest a competitive advantage in cost control.

The company's revenue is primarily concentrated in its domestic operations, with no significant international exposure disclosed in the financial snapshot. The lack of segmental breakdown in the provided data limits the ability to assess geographic diversification, but the company's operations are likely centered in Indonesia given its incorporation and primary market.

Looking ahead, the company's revenue outlook for the current fiscal year is positive, with a projected increase based on the analyst estimate of 696.6 billion IDR compared to the reported revenue of 305.4 billion IDR. This suggests a significant growth trajectory, although the exact drivers of this growth are not specified in the available data. The company's free cash flow of 66.8 billion IDR supports reinvestment or shareholder returns, but the absence of detailed capex or R&D plans makes it difficult to assess the sustainability of this growth.

The risk assessment indicates a low probability of dilution and no immediate liquidity concerns, with no filing-based flags detected. The company's low debt-to-equity ratio and strong cash position reduce the likelihood of near-term equity issuance for capital needs. However, the absence of detailed risk disclosures in the filings means that potential regulatory or operational risks are not fully quantified.

Recent events, as reflected in the financial snapshot, include a strong operating cash flow of 75.0 billion IDR and a net income of 39.8 billion IDR, which suggest stable operations and profitability. No specific recent filings or transcripts are provided, so the narrative is based on the latest financial data available.

Debt-to-equity ratio of 0.02 is in the top quartile, reflecting a highly conservative capital structure.

Cash conversion ratio of 1.89 exceeds the 1.65 cohort median, demonstrating strong operational cash generation.

Low dilution, liquidity, and credit risk flags suggest a stable financial profile with minimal immediate threats.

Revenue declined at a 4.1% CAGR over four years, signaling a long-term contraction in top-line growth.

Return on assets of 2.5% remains low, suggesting limited efficiency in generating profits from total assets.

Revenue IDR 347.22B, −2,3% YoY; Operating income +4,0% YoY.

• ▍Revenue IDR 347.22B, −2,3% YoY
• ▍Operating income +4,0% YoY
• ▍Net income +3,0% YoY
• ▍Free cash flow +0,5% YoY
• ▍Net margin 13.1%

Revenue IDR 381.44B, −4,3% YoY; Operating income +13,1% YoY.

• ▍Revenue IDR 381.44B, −4,3% YoY
• ▍Operating income +13,1% YoY
• ▍Net income +21,9% YoY
• ▍Free cash flow +12,3% YoY
• ▍Net margin 14.6%

Revenue IDR 398.41B; Operating income IDR 68.38B.

• ▍Revenue IDR 398.41B
• ▍Operating income IDR 68.38B
• ▍Net margin 11.5%

Revenue IDR 347.87B; Operating income IDR 50.06B.

• ▍Revenue IDR 347.87B
• ▍Operating income IDR 50.06B
• ▍Net margin 12.3%

Revenue IDR 1.47T, +9,7% YoY; Operating income +18,2% YoY.

• ▍Revenue IDR 1.47T, +9,7% YoY
• ▍Operating income +18,2% YoY
• ▍Net income +17,7% YoY
• ▍Free cash flow +14,3% YoY
• ▍Net margin 13.3%

Revenue IDR 1.35T, +18,1% YoY; Operating income +13,8% YoY.

• ▍Revenue IDR 1.35T, +18,1% YoY
• ▍Operating income +13,8% YoY
• ▍Net income +5,8% YoY
• ▍Free cash flow +39,9% YoY
• ▍Net margin 12.4%