Duta Anggada Realty Tbk PT

Duta Anggada Realty Tbk PT exhibits a highly leveraged capital structure, with a debt-to-equity ratio of 2.17, indicating significant reliance on debt financing. The company's liquidity position is weak, as evidenced by a current ratio of 0.11, and its free cash flow is negative at -59,421,658,000 IDR, suggesting insufficient cash flow to cover operational and capital needs. The negative net income of -74,304,051,000 IDR further highlights financial distress, with operating income of only 12,499,453,000 IDR failing to offset broader losses.

Profitability metrics are severely underperforming relative to industry norms. The company's return on equity is -4.68%, and return on assets is -1.19%, both of which are negative and far below the typical thresholds for a real estate firm. Gross profit of 53,195,895,000 IDR represents 44.5% of revenue, but this is insufficient to cover operating expenses and debt servicing costs, leading to a net loss.

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 downturns and regulatory shifts in the Indonesian real estate market. The absence of segment-specific revenue breakdowns in the financial data limits the ability to assess the performance of individual business lines.

Growth prospects appear constrained, with the company reporting a net loss in the latest period. The operating cash flow of 19,218,244,000 IDR is positive but insufficient to offset the negative free cash flow, indicating that capital expenditures and debt servicing are outpacing cash inflows. The company's capital expenditure of -365,599,000 IDR is minimal, suggesting limited investment in new projects or asset improvements.

The risk assessment highlights medium liquidity risk and low dilution risk. The company's negative net cash position after subtracting total debt is a key flag, indicating potential challenges in meeting short-term obligations. The low dilution risk is supported by the absence of recent equity issuance or convertible instruments in the financial data.

Recent events include the disclosure of a significant net loss and negative free cash flow in the latest financial report. The company's shares outstanding remain unchanged at 3,141,390,962, with no indication of recent share buybacks or new equity offerings. Analyst estimates for revenue and EPS are based on the most recent actuals, but no forward-looking guidance is provided in the available data.

Operating income surged 38.1% year-over-year to IDR 88.8 billion, demonstrating significant improvement in core operational profitability.

Revenue grew at a 14.9% compound annual growth rate over four years, indicating consistent top-line expansion.

Net income losses narrowed by 12.5% year-over-year, suggesting a positive trend toward reducing accumulated deficits.

Free cash flow improved by 12.9% year-over-year, reflecting better cash generation capabilities despite ongoing negative flows.

Long-term debt decreased slightly to IDR 3.38 trillion, showing a marginal reduction in total leverage obligations.

The company faces high credit risk, signaling significant potential issues with debt servicing or financial stability.

Return on equity of -4.68% ranks in the bottom quartile, indicating poor capital efficiency compared to peers.

Debt-to-equity ratio of 2.17 is in the bottom quartile, reflecting excessive leverage relative to industry standards.

Revenue IDR 118.93B, +5,5% YoY; Operating income +8,6% YoY.

• ▍Revenue IDR 118.93B, +5,5% YoY
• ▍Operating income +8,6% YoY
• ▍Net income +8,8% YoY
• ▍Free cash flow +15,1% YoY
• ▍Net margin -53.8%

Revenue IDR 136.43B, −1,1% YoY; Operating income +73,6% YoY.

• ▍Revenue IDR 136.43B, −1,1% YoY
• ▍Operating income +73,6% YoY
• ▍Net income +14,4% YoY
• ▍Free cash flow +26,0% YoY
• ▍Net margin -49.9%

Revenue IDR 131.83B, −4,9% YoY; Operating income −19,2% YoY.

• ▍Revenue IDR 131.83B, −4,9% YoY
• ▍Operating income −19,2% YoY
• ▍Net income +4,3% YoY
• ▍Free cash flow +9,1% YoY
• ▍Net margin -48.5%

Revenue IDR 126.15B, +5,6% YoY; Operating income +89,2% YoY.

• ▍Revenue IDR 126.15B, +5,6% YoY
• ▍Operating income +89,2% YoY
• ▍Net income +22,7% YoY
• ▍Free cash flow +23,4% YoY
• ▍Net margin -45.5%

Revenue IDR 112.75B; Operating income IDR 13.76B.

• ▍Revenue IDR 112.75B
• ▍Operating income IDR 13.76B
• ▍Net margin -62.2%

Revenue IDR 137.88B; Operating income IDR 18.93B.

• ▍Revenue IDR 137.88B
• ▍Operating income IDR 18.93B
• ▍Net margin -57.7%

Revenue IDR 138.68B; Operating income IDR 22.95B.

• ▍Revenue IDR 138.68B
• ▍Operating income IDR 22.95B
• ▍Net margin -48.2%

Revenue IDR 119.45B; Operating income IDR 12.50B.

• ▍Revenue IDR 119.45B
• ▍Operating income IDR 12.50B
• ▍Net margin -62.2%

Revenue IDR 507.16B, −0,9% YoY; Operating income +38,1% YoY.

• ▍Revenue IDR 507.16B, −0,9% YoY
• ▍Operating income +38,1% YoY
• ▍Net income +12,5% YoY
• ▍Free cash flow +12,9% YoY
• ▍Net margin -51.2%

Revenue IDR 511.56B, +18,1% YoY; Operating income +125,6% YoY.

• ▍Revenue IDR 511.56B, +18,1% YoY
• ▍Operating income +125,6% YoY
• ▍Net income +13,7% YoY
• ▍Free cash flow −19,3% YoY
• ▍Net margin -58.0%

Revenue IDR 433.20B, +31,2% YoY; Operating income +169,6% YoY.

• ▍Revenue IDR 433.20B, +31,2% YoY
• ▍Operating income +169,6% YoY
• ▍Net income +18,4% YoY
• ▍Free cash flow +25,0% YoY
• ▍Net margin -79.4%

Revenue IDR 330.16B, +13,6% YoY; Operating income +39,0% YoY.

• ▍Revenue IDR 330.16B, +13,6% YoY
• ▍Operating income +39,0% YoY
• ▍Net income −2,4% YoY
• ▍Free cash flow +22,6% YoY
• ▍Net margin -127.6%