Alam Sutera Realty Tbk Pt

Alam Sutera Realty maintains a capital structure with total liabilities of IDR 11.63 trillion and total equity of IDR 11.53 trillion, resulting in a debt-to-equity ratio of 0.52. The company's liquidity position is moderate, with a current ratio of 0.94 and cash and equivalents of IDR 1.18 trillion, which is insufficient to cover total debt of IDR 6.01 trillion. Free cash flow is negative at IDR 98.77 billion, indicating cash outflows from operations after capital expenditures.

Profitability metrics show a return on equity of 2.72% and a return on assets of 1.35%, both below the typical thresholds for real estate firms. Operating income of IDR 977.42 billion and net income of IDR 313.18 billion reflect a gross margin of 53.1% and an operating margin of 33.3%, which are in line with industry norms. However, the company's net income margin of 10.7% is relatively low, suggesting pressure on cost management.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification beyond Indonesia. This concentration increases exposure to local economic and regulatory risks. No material revenue is attributed to international operations, and no segment-specific financials are available.

Growth trajectory is constrained by negative free cash flow and a lack of analyst optimism, with only one "buy" recommendation and no "strong buy" ratings. Historical revenue of IDR 2.93 trillion indicates stable operations but no significant growth. The company's capital expenditures of IDR 277.6 billion suggest ongoing investment in property development.

Risk factors include moderate liquidity risk due to insufficient cash to cover debt and a negative net cash position. Dilution risk is low, with no near-term pressure from share issuance or convertible instruments. No recent filings or transcripts indicate material changes in strategy or operations.

Recent financial performance and analyst sentiment suggest limited upside potential in the near term. The company's reliance on domestic real estate markets and lack of diversification may limit resilience to macroeconomic shifts.