Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Daaz Bara Lestari Tbk
Physical assets are 54.1% of total assets, a heavy footprint. Capex is 197.08x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -0.18x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 5.13x.
Physical asset ratio
54.1%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 2,615.93BpropertyPlantEquipmentInventoryIDR 802.71BinventoryTotal assetsIDR 6,318.72BtotalAssetsResult 54.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
5.13xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueIDR 13,412.63BtotalRevenueNet PP&EIDR 2,615.93BpropertyPlantEquipmentResult 5.13x
Revenue per dollar of the physical asset base.
Capex / D&A
197.08xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexIDR 739.98BcapitalExpendituresD&AIDR 3.75BreconciledDepreciationResult 197.08x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
IDR 791.06Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 6,318.72BtotalAssetsGoodwillIDR 6.49BgoodWillIntangiblesIDR 7.01BintangibleAssetsLiabilitiesIDR 4,725.48BtotalLiabTangible bookIDR 1,579.74BShares1,997,000,000commonStockSharesOutstandingResult IDR 791.06
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.83xPrice / tangible bookPrice / tangible book per sharePriceIDR 1.45KLatest quoteTangible book / shareIDR 791.062025-12-31Result 1.83x
Price IDR 1.45K.
Fixed-charge coverage
-0.18xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 597.78BebitdaCapexIDR 739.98BcapitalExpendituresInterestIDR 201.46BinterestExpenseShort-term debtIDR 591.87BshortTermDebtEBITDA − capex-IDR 142.19BPrincipal due is short-term debt.Result -0.18x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-18.0%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-IDR 556.26BfreeCashFlowMarket capIDR 3,095.35BMarketCapitalizationResult -18.0%
Latest free cash flow divided by current market cap (IDR 3,095.35B).
ROIC
15.4%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 628.96BoperatingIncomeTax expenseIDR 36.85BtaxProvisionPretax incomeIDR 392.56BincomeBeforeTaxTax rate9.4%EquityIDR 1,593.24BtotalStockholderEquityDebtIDR 2,949.96BlongTermDebt + shortLongTermDebtCashIDR 841.92BcashAndShortTermInvestmentsInvested capitalIDR 3,701.28BResult 15.4%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.24x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2021 | 22.0%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 16.86BpropertyPlantAndEquipmentNetInventoryIDR 122.18BinventoryTotal assetsIDR 632.72BtotalAssetsResult 22.0% | 177.28xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueIDR 2,989.59BtotalRevenueNet PP&EIDR 16.86BpropertyPlantAndEquipmentNetResult 177.28x | 9.76xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexIDR 8.13BcapitalExpendituresD&AIDR 833.09MreconciledDepreciationResult 9.76x | IDR 138.28Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 632.72BtotalAssetsGoodwillIDR 6.49BgoodWillIntangiblesIDR 855.15MintangibleAssetsLiabilitiesIDR 349.22BtotalLiabTangible bookIDR 276.15BShares1,997,000,000commonStockSharesOutstandingResult IDR 138.28 | 1.16xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 216.33BOperating income + D&ACapexIDR 8.13BcapitalExpendituresInterestIDR 12.70BinterestExpenseShort-term debtIDR 166.50BshortLongTermDebtEBITDA − capexIDR 208.20BEBITDA is operating income plus D&A because the income statement did not report EBITDA.Principal due is the current portion of debt.Result 1.16x | -IDR 15.36BFree cash flow · 2021-12-31Reported free cash flowOperating cash flow—Not reportedCapexIDR 8.13BcapitalExpendituresFree cash flow-IDR 15.36BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 15.36B | 55.4%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 215.50BoperatingIncomeTax expenseIDR 38.29BtaxProvisionPretax incomeIDR 193.42BincomeBeforeTaxTax rate19.8%EquityIDR 282.86BtotalStockholderEquityDebtIDR 166.50BlongTermDebt + shortLongTermDebtCashIDR 137.53BcashInvested capitalIDR 311.83BResult 55.4% | 12.78xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeIDR 215.50BoperatingIncomeNet PP&EIDR 16.86BpropertyPlantAndEquipmentNetResult 12.78x |
| 2022 | 30.6%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 261.64BpropertyPlantEquipmentInventoryIDR 158.89BinventoryTotal assetsIDR 1,374.06BtotalAssetsResult 30.6% | 24.79xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueIDR 6,485.09BtotalRevenueNet PP&EIDR 261.64BpropertyPlantEquipmentResult 24.79x | 259.28xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexIDR 238.48BcapitalExpendituresD&AIDR 919.79MreconciledDepreciationResult 259.28x | IDR 328.11Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,374.06BtotalAssetsGoodwillIDR 6.49BgoodWillIntangiblesIDR 855.15MintangibleAssetsLiabilitiesIDR 711.48BtotalLiabTangible bookIDR 655.23BShares1,997,000,000commonStockSharesOutstandingResult IDR 328.11 | 1.63xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 477.26BebitdaCapexIDR 238.48BcapitalExpendituresInterestIDR 12.97BinterestExpenseShort-term debtIDR 133.67BshortTermDebtEBITDA − capexIDR 238.78BPrincipal due is short-term debt.Result 1.63x | IDR 160.97BFree cash flow · 2022-12-31Reported free cash flowOperating cash flowIDR 399.45BtotalCashFromOperatingActivitiesCapexIDR 238.48BcapitalExpendituresFree cash flowIDR 160.97BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result IDR 160.97B | 77.3%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 490.68BoperatingIncomeTax expenseIDR 80.37BtaxProvisionPretax incomeIDR 463.37BincomeBeforeTaxTax rate17.3%EquityIDR 662.58BtotalStockholderEquityDebtIDR 179.05BlongTermDebt + shortLongTermDebtCashIDR 317.03BcashInvested capitalIDR 524.60BResult 77.3% | 1.88xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeIDR 490.68BoperatingIncomeNet PP&EIDR 261.64BpropertyPlantEquipmentResult 1.88x |
| 2023 | 55.5%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 1,562.83BpropertyPlantEquipmentInventoryIDR 124.85BinventoryTotal assetsIDR 3,043.09BtotalAssetsResult 55.5% | 4.90xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueIDR 7,662.04BtotalRevenueNet PP&EIDR 1,562.83BpropertyPlantEquipmentResult 4.90x | 930.71xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexIDR 1,301.55BcapitalExpendituresD&AIDR 1.40BreconciledDepreciationResult 930.71x | IDR 440.59Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 3,043.09BtotalAssetsGoodwillIDR 6.49BgoodWillIntangiblesIDR 855.15MintangibleAssetsLiabilitiesIDR 2,155.89BtotalLiabTangible bookIDR 879.85BShares1,997,000,000commonStockSharesOutstandingResult IDR 440.59 | -3.67xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 444.83BebitdaCapexIDR 1,301.55BcapitalExpendituresInterestIDR 27.92BinterestExpenseShort-term debtIDR 205.45BshortTermDebtEBITDA − capex-IDR 856.72BPrincipal due is short-term debt.Result -3.67x | -IDR 960.00BFree cash flow · 2023-12-31Reported free cash flowOperating cash flowIDR 314.86BtotalCashFromOperatingActivitiesCapexIDR 1,301.55BcapitalExpendituresFree cash flow-IDR 960.00BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 960.00B | 21.6%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 458.51BoperatingIncomeTax expenseIDR 59.10BtaxProvisionPretax incomeIDR 415.51BincomeBeforeTaxTax rate14.2%EquityIDR 887.20BtotalStockholderEquityDebtIDR 1,345.77BlongTermDebt + shortLongTermDebtCashIDR 415.15BcashInvested capitalIDR 1,817.81BResult 21.6% | 0.29xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeIDR 458.51BoperatingIncomeNet PP&EIDR 1,562.83BpropertyPlantEquipmentResult 0.29x |
| 2024 | 43.7%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 2,087.44BpropertyPlantEquipmentInventoryIDR 154.46BinventoryTotal assetsIDR 5,134.42BtotalAssetsResult 43.7% | 4.86xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueIDR 10,134.58BtotalRevenueNet PP&EIDR 2,087.44BpropertyPlantEquipmentResult 4.86x | 296.90xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexIDR 670.62BcapitalExpendituresD&AIDR 2.26BreconciledDepreciationResult 296.90x | IDR 788.28Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 5,134.42BtotalAssetsGoodwillIDR 6.49BgoodWillIntangiblesIDR 855.15MintangibleAssetsLiabilitiesIDR 3,552.88BtotalLiabTangible bookIDR 1,574.20BShares1,997,000,000commonStockSharesOutstandingResult IDR 788.28 | 0.33xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 844.89BebitdaCapexIDR 670.62BcapitalExpendituresInterestIDR 124.34BinterestExpenseShort-term debtIDR 405.11BshortTermDebtEBITDA − capexIDR 174.26BPrincipal due is short-term debt.Result 0.33x | -IDR 641.63BFree cash flow · 2024-12-31Reported free cash flowOperating cash flowIDR 15.34BtotalCashFromOperatingActivitiesCapexIDR 670.62BcapitalExpendituresFree cash flow-IDR 641.63BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 641.63B | 25.5%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 872.31BoperatingIncomeTax expenseIDR 109.38BtaxProvisionPretax incomeIDR 718.29BincomeBeforeTaxTax rate15.2%EquityIDR 1,581.55BtotalStockholderEquityDebtIDR 2,050.88BlongTermDebt + shortLongTermDebtCashIDR 734.19BcashAndShortTermInvestmentsInvested capitalIDR 2,898.24BResult 25.5% | 0.42xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeIDR 872.31BoperatingIncomeNet PP&EIDR 2,087.44BpropertyPlantEquipmentResult 0.42x |
| 2025 | 54.1%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 2,615.93BpropertyPlantEquipmentInventoryIDR 802.71BinventoryTotal assetsIDR 6,318.72BtotalAssetsResult 54.1% | 5.13xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueIDR 13,412.63BtotalRevenueNet PP&EIDR 2,615.93BpropertyPlantEquipmentResult 5.13x | 197.08xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexIDR 739.98BcapitalExpendituresD&AIDR 3.75BreconciledDepreciationResult 197.08x | IDR 791.06Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 6,318.72BtotalAssetsGoodwillIDR 6.49BgoodWillIntangiblesIDR 7.01BintangibleAssetsLiabilitiesIDR 4,725.48BtotalLiabTangible bookIDR 1,579.74BShares1,997,000,000commonStockSharesOutstandingResult IDR 791.06 | -0.18xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 597.78BebitdaCapexIDR 739.98BcapitalExpendituresInterestIDR 201.46BinterestExpenseShort-term debtIDR 591.87BshortTermDebtEBITDA − capex-IDR 142.19BPrincipal due is short-term debt.Result -0.18x | -IDR 556.26BFree cash flow · 2025-12-31Reported free cash flowOperating cash flowIDR 205.83BtotalCashFromOperatingActivitiesCapexIDR 739.98BcapitalExpendituresFree cash flow-IDR 556.26BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 556.26B | 15.4%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 628.96BoperatingIncomeTax expenseIDR 36.85BtaxProvisionPretax incomeIDR 392.56BincomeBeforeTaxTax rate9.4%EquityIDR 1,593.24BtotalStockholderEquityDebtIDR 2,949.96BlongTermDebt + shortLongTermDebtCashIDR 841.92BcashAndShortTermInvestmentsInvested capitalIDR 3,701.28BResult 15.4% | 0.24xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeIDR 628.96BoperatingIncomeNet PP&EIDR 2,615.93BpropertyPlantEquipmentResult 0.24x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: IDR 2,615.93B
Inventory: IDR 802.71B
Total assets: IDR 6,318.72B
Goodwill: IDR 6.49B
Intangibles: IDR 7.01B
Liabilities: IDR 4,725.48B
Tangible book: IDR 1,579.74B
Shares: 1,997,000,000
Revenue: IDR 13,412.63B
Capex: IDR 739.98B
D&A: IDR 3.75B
EBITDA: IDR 597.78B
Interest: IDR 201.46B
Short-term debt: IDR 591.87B
Free cash flow: -IDR 556.26B
Operating income: IDR 628.96B
Invested capital: IDR 3,701.28B
Tax rate: 9.4%