Surya Fajar Capital Tbk PT

The company's capital structure is characterized by a high price-to-book ratio of 20.29, indicating that the market is valuing the company significantly above its book value. Despite a large cash and equivalents balance of 16.7 billion IDR, the company reported negative operating and free cash flows of -22.6 billion IDR and -14.1 billion IDR, respectively, suggesting operational challenges in generating cash. The debt-to-equity ratio is 0.0, indicating no long-term debt, which reduces financial leverage risk.

Profitability metrics are severely negative, with a return on equity of -10.23% and a return on assets of -5.39%, both well below industry norms. The company reported a net loss of 13.4 billion IDR, with operating income at -114.7 billion IDR, reflecting significant operational inefficiencies. Gross profit was also negative at -514 million IDR, further highlighting the company's inability to generate profit from its core operations.

The company's revenue is not disclosed by segment or geography, but the negative revenue of -459.7 million IDR indicates a decline in business activity or a shift in accounting treatment. The lack of segmental data limits the ability to assess geographic or product diversification.

The company's growth trajectory is negative, with a substantial revenue decline. The financial snapshot does not provide forward-looking guidance, but the current performance suggests a challenging outlook for the near term. The company's operating cash flow and free cash flow are both negative, indicating a lack of internal cash generation to support growth initiatives.

Risk factors include low liquidity and the potential for dilution, although no immediate filing-based liquidity or dilution flags were detected. The company's capital expenditure of -25.8 million IDR is minimal, suggesting a lack of investment in growth or operational improvements. The absence of long-term debt reduces refinancing risk but also limits the company's ability to leverage for growth.

Recent events and filings do not indicate any significant changes in the company's operations or strategic direction. The company's financial performance remains a concern, with no clear path to profitability or positive cash flow generation.

Operating margin of 24.96% ranks best-in-class against the 0.076% median for 381 business support services peers.

Net margin of 29.23% significantly outperforms the 0.053% cohort median, demonstrating superior profitability relative to industry peers.

Revenue surged 301.8% year-over-year to IDR 4.7 billion, indicating strong top-line growth momentum in the latest period.

The company maintains a zero debt-to-equity ratio, ranking above the 75th percentile compared to the 0.17 cohort median.

Cash conversion of 1.68 exceeds the 1.15 cohort median, suggesting efficient generation of cash from operating activities.

Return on assets of -5.39% indicates inefficient asset utilization, failing to generate positive returns on the company's asset base.

Free cash flow remains deeply negative at IDR -13.1 billion, highlighting persistent cash burn despite revenue growth.