WEHA Transportasi Indonesia Tbk PT

WEHA Transportasi Indonesia Tbk PT maintains a debt-to-equity ratio of 0.4, indicating a relatively conservative capital structure. The company's liquidity position is characterized as medium, with a current ratio of 1.47, suggesting it can cover its short-term obligations but with limited surplus. Free cash flow stands at 4.39 billion IDR, which is significantly lower than operating cash flow of 28.25 billion IDR, indicating that capital expenditures are consuming a large portion of cash generated from operations.

Profitability metrics show a return on equity of 4.38% and a return on assets of 2.82%, both below the industry median for passenger transportation. This suggests that the company is underperforming in terms of generating returns relative to its equity and asset base. Gross profit of 30.57 billion IDR and operating income of 14.22 billion IDR indicate a healthy margin, but the net income of 10.22 billion IDR shows that non-operating expenses are eroding profitability.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The absence of segmental or geographic breakdown in the financial data limits the ability to assess risk and growth potential across different markets.

Looking ahead, the company is expected to maintain a stable revenue trajectory, with no significant growth or decline projected in the next fiscal year. Capital expenditures are expected to remain high, with a negative value of 25.19 billion IDR, indicating continued investment in infrastructure and fleet. This level of spending may impact near-term profitability and free cash flow.

Risk factors include a medium liquidity risk due to the current ratio and a negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no near-term pressure expected. However, the company's reliance on a single business model and lack of geographic diversification pose long-term strategic risks.

Recent filings and transcripts do not indicate any major strategic shifts or operational disruptions. The company continues to focus on maintaining its core transportation services and managing capital expenditures. No significant new projects or partnerships have been disclosed in the latest financial reports.

Operating and net margins exceed 75th percentile of peer cohort, indicating superior profitability relative to competitors.

Revenue grew at a 35.8% CAGR over four years, demonstrating strong historical top-line expansion capability.

Cash conversion ratio of 2.76 ranks in the top quartile, signaling efficient cash generation from operations.

Debt-to-equity ratio of 0.4 is below the cohort median of 0.68, suggesting a conservative capital structure.

Positive free cash flow of 3.3 billion IDR in the latest period supports liquidity and operational flexibility.

High credit risk flag indicates potential vulnerabilities in the company's ability to meet financial obligations.

Return on equity of 4.38% falls below the cohort median of 5.27%, underperforming peers in capital efficiency.

Long-term debt increased to 116.8 billion IDR, reflecting a rising leverage burden compared to prior periods.

Medium liquidity risk flag suggests potential challenges in meeting short-term financial obligations promptly.