PT Wilton Makmur Indonesia Tbk
PT Wilton Makmur Indonesia Tbk is engaged in gold mining and generates revenue primarily through the extraction and sale of gold.
Business. PT Wilton Makmur Indonesia Tbk (SQMI.JK) is a gold mining company operating within the Basic Materials sector. The firm is headquartered in Indonesia and is primarily listed on the Indonesia Stock Exchange (IDX). Specific details regarding its operating segments and geographic revenue mix are not available.
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Pre-earnings brief
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Synthesis
PT Wilton Makmur Indonesia Tbk (SQMI.JK) is a gold mining company operating within the Basic Materials sector. The firm is headquartered in Indonesia and is primarily listed on the Indonesia Stock Exchange (IDX). Specific details regarding its operating segments and geographic revenue mix are not available.
The company's capital structure is highly leveraged, with a debt-to-equity ratio of 2.51, indicating significant reliance on debt financing. Liquidity is constrained, as evidenced by a current ratio of 0.11, suggesting the company may struggle to meet short-term obligations without external financing. The negative operating cash flow of -34.42 billion IDR and free cash flow of -43.85 billion IDR further highlight the company's liquidity challenges.
Profitability is severely underperforming, with a return on equity of -36.42% and a return on assets of -7.89%, both well below the typical thresholds for a gold mining company. The negative gross profit of -110.65 million IDR and operating income of -36.04 billion IDR indicate operational inefficiencies or cost overruns.
The company's revenue is concentrated in a single business segment, gold mining, with no disclosed geographic diversification. This concentration increases exposure to commodity price volatility and regional operational risks.
Growth appears to be negative, with the company reporting a net loss of 40.17 billion IDR. The outlook for the current fiscal year is uncertain, with no clear indication of a turnaround in profitability or cash flow generation.
The company faces significant financial risk due to its negative net cash position and high debt levels. The risk assessment indicates a medium liquidity risk and a low dilution risk, though the potential for dilution remains a concern if the company requires additional capital.
Recent financial filings show a continued decline in operating performance, with no material events disclosed in the latest transcripts or filings that suggest a near-term improvement in the company's financial position.
- The company is highly leveraged with a debt-to-equity ratio of 2.51, indicating significant financial risk.
- Profitability is severely negative, with a return on equity of -36.42% and a return on assets of -7.89%.
- Liquidity is constrained, as evidenced by a current ratio of 0.11 and negative operating and free cash flows.
- Revenue is concentrated in a single business segment, increasing exposure to commodity price volatility.
- The company is reporting a net loss and shows no clear path to profitability or cash flow generation.
Bull / Bear case
Generated · model-assistedCash conversion ratio of 0.86 ranks above the median of 0.76 within the gold cohort of 232 companies.
Dilution risk is assessed as low, suggesting limited immediate threat to existing shareholder equity value from share issuance.
Credit risk is flagged as low, indicating a potentially manageable risk profile regarding debt obligations despite high leverage levels.
Operating margin of -34.36% places the company in the bottom quartile compared to the gold cohort median of -0.43%.
Debt-to-equity ratio stands at 2.51, ranking in the bottom quartile against a cohort median of 0.0, indicating excessive leverage.
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- Net cash is negative after subtracting total debt.
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- PT Wilton Makmur Indonesia Tbk Market data — financials · 2026-05-29