Pikko Land Development Tbk PT

Pikko Land Development Tbk PT has a capital structure characterized by a debt-to-equity ratio of 0.27, indicating a relatively conservative leverage position compared to the industry median of 0.45. The company's liquidity position is mixed, with a current ratio of 5.6, which is significantly higher than the industry median of 2.1, but with negative free cash flow of -11,906,256,100 IDR and negative operating cash flow of -4,585,308,040 IDR, suggesting cash flow constraints.

Profitability metrics are weak, with a return on equity of -0.0053 and a return on assets of -0.0031, both well below the industry median of 0.02 for ROE and 0.01 for ROA. The company reported a net loss of 10,507,518,870 IDR, with an operating loss of 5,977,455,390 IDR, indicating significant operational inefficiencies.

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 changes. The company's revenue concentration is high, with no clear indication of multiple revenue streams or geographic markets.

Growth trajectory is negative, with a reported revenue of 20,463,981,120 IDR, but no disclosed revenue growth rate. The company's outlook for the current fiscal year is negative, with no expected improvement in the next fiscal year. The absence of a clear growth strategy and the current financial performance suggest a challenging path forward.

Risk factors include medium liquidity risk, with a current ratio of 5.6 but negative free cash flow. The company has a low dilution risk, with no near-term pressure for additional equity issuance. However, the negative net cash position after subtracting total debt is a key flag, indicating potential liquidity constraints.

Recent events include the company's latest financial filing, which disclosed the significant net loss and operating loss. No recent earnings call transcripts or major corporate actions were reported, suggesting limited transparency and communication with stakeholders.

Revenue surged 84.2% year-over-year to IDR 155.6 billion, demonstrating significant top-line growth momentum in the latest fiscal period.

The debt-to-equity ratio of 0.27 is well below the cohort median of 0.52, indicating a conservative leverage position relative to peers.

Cash conversion at 0.44 exceeds the cohort median of 0.29, suggesting superior efficiency in generating cash from operations.

Dilution risk is assessed as low, providing reassurance to existing shareholders regarding potential equity value erosion from new issuances.

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