PT Temas Tbk

Capital Structure and Liquidity PT Temas Tbk has a debt-to-equity ratio of 0.57, indicating a moderate level of leverage. The company's liquidity position is assessed as medium, with a current ratio of 1.35, suggesting it can cover its short-term obligations but with limited buffer. Free cash flow is negative at -678.6 billion IDR, primarily due to capital expenditures of -1.4 trillion IDR, which exceeds operating cash flow of 829.2 billion IDR. ### Profitability and Returns The company's return on equity (ROE) is 16.58%, and return on assets (ROA) is 9.44%, both of which are strong indicators of efficient capital use and profitability. These metrics suggest that PT Temas Tbk is generating solid returns relative to its equity and asset base. ### Segments and Geographic Exposure The company's revenue is concentrated in the marine freight and logistics segment, with no disclosed geographic breakdown. This concentration may expose the company to regional economic fluctuations and regulatory changes affecting the Indonesian maritime sector. ### Growth Trajectory The company's revenue for the latest period is 4.35 trillion IDR, with a reported revenue of 1.67 trillion IDR in the most recent analyst estimate. This suggests a significant increase in revenue, although the growth trajectory is not explicitly quantified in the provided data. ### Risk Factors The company faces a medium liquidity risk, as indicated by its current ratio and negative free cash flow. The risk assessment also notes that net cash is negative after subtracting total debt, which could limit the company's ability to fund operations without additional financing. Dilution risk is assessed as low, with no immediate pressure for share issuance. ### Recent Events Recent financial filings show a net income of 499.2 billion IDR and operating income of 726.6 billion IDR, reflecting strong operational performance. The company's capital expenditures have been substantial, indicating ongoing investment in its infrastructure and fleet.