Berlina Tbk PT

Berlina Tbk PT has a debt-to-equity ratio of 1.36, indicating a moderate reliance on debt financing, and a current ratio of 0.99, suggesting limited short-term liquidity cushion. The company's liquidity position is assessed as medium risk, with negative net cash after subtracting total debt, signaling potential short-term financial strain.

Profitability metrics show a return on equity of -1.38% and a return on assets of -0.46%, both significantly below the industry median for non-paper containers and packaging firms, which typically report positive returns. This underperformance is driven by a net loss of 8.05 billion IDR, despite a gross profit of 32.86 billion IDR, indicating high operating and non-operating expenses.

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 supply chain disruptions.

Looking ahead, the company is projected to see a decline in revenue and earnings, with no clear path to profitability in the near term. Capital expenditures of 33.06 billion IDR have not translated into improved operating cash flow, as free cash flow remains negative at 1.72 billion IDR.

The risk assessment highlights liquidity concerns and a net cash deficit after debt, but dilution risk is currently low. No recent equity issuance or dilutive events have been reported, and the company's shares outstanding remain unchanged between basic and diluted measures.

Recent financial filings show a net loss for the period, with operating income of 10.22 billion IDR failing to offset non-operating expenses. No material events or earnings call transcripts have been disclosed in the latest reporting period.

Operating income surged 354.6% year-over-year to IDR 93.1 billion, signaling a strong operational turnaround in fiscal 2009.

The company returned to profitability with net income reaching IDR 12.6 billion, marking a 161% improvement from the prior year.

Gross profit expanded significantly to IDR 188.2 billion, reflecting improved cost management and margin expansion capabilities.

Revenue remained stable at IDR 1.04 trillion, demonstrating resilience in top-line performance despite broader economic headwinds.

Operating margin improved to 3.8%, indicating better operational efficiency compared to previous years of negative operating income.

Debt-to-equity ratio stands at 1.36, placing the company in the bottom quartile of its peer cohort for leverage.

The company faces high credit risk, suggesting potential difficulties in meeting financial obligations or securing favorable financing terms.

Return on equity remains negative at -1.38%, ranking in the bottom quartile compared to the 178 peers in the cohort.

Revenue IDR 242.61B, +1,0% YoY; Operating income +539,0% YoY.

• ▍Revenue IDR 242.61B, +1,0% YoY
• ▍Operating income +539,0% YoY
• ▍Net income +175,3% YoY
• ▍Free cash flow −179,7% YoY
• ▍Net margin 2.8%

Revenue IDR 276.12B, +2,7% YoY; Operating income +203,5% YoY.

• ▍Revenue IDR 276.12B, +2,7% YoY
• ▍Operating income +203,5% YoY
• ▍Net income +206,7% YoY
• ▍Free cash flow −700,2% YoY
• ▍Net margin 3.1%

Revenue IDR 257.25B; Operating income -IDR 12.82B.

• ▍Revenue IDR 257.25B
• ▍Operating income -IDR 12.82B
• ▍Net margin 0.1%

Revenue IDR 263.17B; Operating income IDR 19.10B.

• ▍Revenue IDR 263.17B
• ▍Operating income IDR 19.10B
• ▍Net margin -1.5%

Revenue IDR 268.86B; Operating income IDR 10.22B.

• ▍Revenue IDR 268.86B
• ▍Operating income IDR 10.22B
• ▍Net margin -3.0%

Revenue IDR 240.25B; Operating income IDR 3.99B.

• ▍Revenue IDR 240.25B
• ▍Operating income IDR 3.99B
• ▍Net margin -3.7%

Revenue IDR 1.04T, +0,6% YoY; Operating income +354,6% YoY.

• ▍Revenue IDR 1.04T, +0,6% YoY
• ▍Operating income +354,6% YoY
• ▍Net income +161,0% YoY
• ▍Free cash flow −45,9% YoY
• ▍Net margin 1.2%

Revenue IDR 1.03T, +2,9% YoY; Operating income +190,7% YoY.

• ▍Revenue IDR 1.03T, +2,9% YoY
• ▍Operating income +190,7% YoY
• ▍Net income +75,3% YoY
• ▍Free cash flow −167,6% YoY
• ▍Net margin -2.0%

Revenue IDR 1.00T, −5,0% YoY; Operating income +70,2% YoY.

• ▍Revenue IDR 1.00T, −5,0% YoY
• ▍Operating income +70,2% YoY
• ▍Net income +37,9% YoY
• ▍Free cash flow +105,2% YoY
• ▍Net margin -8.3%

Revenue IDR 1.05T, +0,1% YoY; Operating income +42,2% YoY.

• ▍Revenue IDR 1.05T, +0,1% YoY
• ▍Operating income +42,2% YoY
• ▍Net income +28,4% YoY
• ▍Free cash flow +238,4% YoY
• ▍Net margin -12.8%

Revenue IDR 1.05T; Operating income -IDR 131.20B.

• ▍Revenue IDR 1.05T
• ▍Operating income -IDR 131.20B
• ▍Net margin -17.9%