Sona Topas Tourism Industry Tbk PT

Sona Topas Tourism Industry Tbk PT has a strong liquidity position, with a current ratio of 3.84, indicating the company can cover its short-term liabilities more than three times over with its current assets. The company holds significant cash and equivalents of 135,187,501,330 IDR, which is partially offset by long-term debt of 141,847,858,450 IDR, resulting in a net cash position that is negative after subtracting total debt. The debt-to-equity ratio of 0.24 suggests a relatively conservative capital structure, with equity significantly outweighing debt.

The company's profitability metrics are weak, with a return on equity (ROE) of -0.63% and a return on assets (ROA) of -0.41%, both of which are below the industry median for airport operators and services. This indicates that the company is not generating returns that meet the cost of capital, and its operating income is negative at -1,573,965,570 IDR, reflecting operational inefficiencies or declining demand.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no material geographic diversification reported. This lack of diversification increases exposure to regional economic downturns or regulatory changes affecting the transportation sector.

The company's growth trajectory is uncertain, with no clear indication of revenue growth in the current fiscal year. The operating cash flow of 33,094,793,240 IDR is positive, but the free cash flow of 16,652,828,750 IDR is relatively modest, limiting the company's ability to reinvest in growth or reduce debt. The capital expenditure of -1,048,814,020 IDR indicates some level of investment in infrastructure, but the scale is small relative to the company's asset base.

The company faces moderate liquidity risk, as highlighted by the risk assessment, with a key flag indicating that net cash is negative after subtracting total debt. While the dilution risk is currently low, the company has not issued additional shares in the recent period, and there is no indication of dilution pressure in the near term. The risk assessment does not identify any material dilution sources, and the company's capital structure remains stable.

Recent events, including the last actual revenue of 550,314,000,000 IDR and an EPS of 33.50 IDR, suggest that the company is reporting financial results, but the negative net income of -3,709,134,050 IDR indicates ongoing challenges in achieving profitability. No recent filings or transcripts have been disclosed that provide additional insight into the company's strategic direction or operational performance.

Net income surged 130.8% year-over-year to IDR 89.1 billion in fiscal 2009, demonstrating strong profitability recovery.

Operating income jumped 183.0% to IDR 103.4 billion in 2009, indicating significant improvement in core operational efficiency.

Free cash flow grew 38.2% to IDR 138.7 billion in 2009, providing robust liquidity for future investments.

Revenue expanded 90.8% annually over four years, reaching IDR 899.8 billion in 2009, showing consistent top-line growth.

Long-term debt decreased to IDR 129.6 billion in 2009, reflecting a deleveraging trend and improved balance sheet health.

Operating margin of -0.9% ranks in the bottom quartile of the Airport Operators cohort, signaling weak profitability.

Return on equity of -0.6% is in the bottom quartile, indicating poor capital efficiency compared to industry medians.

The company faces high credit risk, which could impair its ability to secure favorable financing terms in the future.

Cash conversion of -8.92 is in the bottom quartile, suggesting difficulties in translating earnings into actual cash.

Revenue IDR 272.18B, −0,1% YoY; Operating income +112,5% YoY.

• ▍Revenue IDR 272.18B, −0,1% YoY
• ▍Operating income +112,5% YoY
• ▍Net income +84,2% YoY
• ▍Free cash flow +33,8% YoY
• ▍Net margin 12.6%

Revenue IDR 221.23B, +8,7% YoY; Operating income +910,0% YoY.

• ▍Revenue IDR 221.23B, +8,7% YoY
• ▍Operating income +910,0% YoY
• ▍Net income +133,1% YoY
• ▍Free cash flow +175,4% YoY
• ▍Net margin 13.2%

Revenue IDR 229.66B, +13,9% YoY; Operating income +70,2% YoY.

• ▍Revenue IDR 229.66B, +13,9% YoY
• ▍Operating income +70,2% YoY
• ▍Net income +68,9% YoY
• ▍Free cash flow +0,6% YoY
• ▍Net margin 8.2%

Revenue IDR 176.73B, +2,1% YoY; Operating income +577,4% YoY.

• ▍Revenue IDR 176.73B, +2,1% YoY
• ▍Operating income +577,4% YoY
• ▍Net income +280,9% YoY
• ▍Free cash flow −46,2% YoY
• ▍Net margin 3.8%

Revenue IDR 203.61B; Operating income IDR 2.63B.

• ▍Revenue IDR 203.61B
• ▍Operating income IDR 2.63B
• ▍Net margin 6.2%

Revenue IDR 272.55B; Operating income IDR 21.13B.

• ▍Revenue IDR 272.55B
• ▍Operating income IDR 21.13B
• ▍Net margin 6.8%

Revenue IDR 201.71B; Operating income IDR 14.37B.

• ▍Revenue IDR 201.71B
• ▍Operating income IDR 14.37B
• ▍Net margin 5.5%

Revenue IDR 173.14B; Operating income -IDR 1.57B.

• ▍Revenue IDR 173.14B
• ▍Operating income -IDR 1.57B
• ▍Net margin -2.1%

Revenue IDR 899.79B, +5,7% YoY; Operating income +183,0% YoY.

• ▍Revenue IDR 899.79B, +5,7% YoY
• ▍Operating income +183,0% YoY
• ▍Net income +130,8% YoY
• ▍Free cash flow +38,2% YoY
• ▍Net margin 9.9%

Revenue IDR 851.00B, +20,2% YoY; Operating income +43,9% YoY.

• ▍Revenue IDR 851.00B, +20,2% YoY
• ▍Operating income +43,9% YoY
• ▍Net income +492,0% YoY
• ▍Free cash flow +54,8% YoY
• ▍Net margin 4.5%

Revenue IDR 707.80B, +122,0% YoY; Operating income +139,9% YoY.

• ▍Revenue IDR 707.80B, +122,0% YoY
• ▍Operating income +139,9% YoY
• ▍Net income +79,6% YoY
• ▍Free cash flow +233,8% YoY
• ▍Net margin -1.4%

Revenue IDR 318.84B, +369,8% YoY; Operating income +39,8% YoY.

• ▍Revenue IDR 318.84B, +369,8% YoY
• ▍Operating income +39,8% YoY
• ▍Net income +15,8% YoY
• ▍Free cash flow +193,2% YoY
• ▍Net margin -15.1%