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.
Tripar Multivision Plus
Physical assets are 11.0% of total assets, a light footprint. Capex is 3.09x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -0.24x, which is below 1.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 0.97x.
Physical asset ratio
11.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 185.75BpropertyPlantEquipmentInventoryIDR 1.92BinventoryTotal assetsIDR 1,701.14BtotalAssetsResult 11.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.97xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueIDR 180.96BtotalRevenueNet PP&EIDR 185.75BpropertyPlantEquipmentResult 0.97x
Revenue per dollar of the physical asset base.
Capex / D&A
3.09xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexIDR 29.01BcapitalExpendituresD&AIDR 9.38BreconciledDepreciationResult 3.09x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
IDR 190.25Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,701.14BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 122.30MintangibleAssetsLiabilitiesIDR 404.75BtotalLiabTangible bookIDR 1,296.27BShares6,813,620,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 190.25
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.63xPrice / tangible bookPrice / tangible book per sharePriceIDR 120.00Latest quoteTangible book / shareIDR 190.252025-12-31Result 0.63x
Price IDR 120.00.
Fixed-charge coverage
-0.24xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-IDR 40.14BebitdaCapexIDR 29.01BcapitalExpendituresInterestIDR 30.64BinterestExpenseShort-term debtIDR 255.65BshortTermDebtEBITDA − capex-IDR 69.15BPrincipal due is short-term debt.Result -0.24x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-1.7%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-IDR 12.04BfreeCashFlowMarket capIDR 722.24BMarketCapitalizationResult -1.7%
Latest free cash flow divided by current market cap (IDR 722.24B).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-IDR 98.90BoperatingIncomeTax expense-IDR 25.86BtaxProvisionPretax income-IDR 80.16BincomeBeforeTaxTax rate—EquityIDR 1,296.40BtotalStockholderEquityDebtIDR 301.90BlongTermDebt + shortLongTermDebtCashIDR 24.00BcashAndShortTermInvestmentsInvested capitalIDR 1,574.30BROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.53x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2021 | 17.0%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 127.00BpropertyPlantAndEquipmentNetInventoryIDR 70.35BinventoryTotal assetsIDR 1,160.14BtotalAssetsResult 17.0% | 1.65xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueIDR 209.36BtotalRevenueNet PP&EIDR 127.00BpropertyPlantAndEquipmentNetResult 1.65x | 0.38xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexIDR 2.67BcapitalExpendituresD&AIDR 6.95BreconciledDepreciationResult 0.38x | IDR 103.86Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,160.14BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 176.02BintangibleAssetsLiabilitiesIDR 340.80BtotalLiabTangible bookIDR 643.32BShares6,194,200,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 103.86 | 0.14xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 28.09BOperating income + D&ACapexIDR 2.67BcapitalExpendituresInterestIDR 22.58BinterestExpenseShort-term debtIDR 157.23BshortLongTermDebtEBITDA − capexIDR 25.41BEBITDA is operating income plus D&A because the income statement did not report EBITDA.Principal due is the current portion of debt.Result 0.14x | -IDR 5.47BFree cash flow · 2021-12-31Reported free cash flowOperating cash flow—Not reportedCapexIDR 2.67BcapitalExpendituresFree cash flow-IDR 5.47BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 5.47B | 1.9%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 21.13BoperatingIncomeTax expenseIDR 2.65BtaxProvisionPretax incomeIDR 29.53BincomeBeforeTaxTax rate9.0%EquityIDR 816.55BtotalStockholderEquityDebtIDR 203.53BlongTermDebt + shortLongTermDebtCashIDR 8.78BcashInvested capitalIDR 1,011.30BResult 1.9% | 0.17xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeIDR 21.13BoperatingIncomeNet PP&EIDR 127.00BpropertyPlantAndEquipmentNetResult 0.17x |
| 2022 | 11.0%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 119.94BpropertyPlantAndEquipmentNetInventoryIDR 1.84BinventoryTotal assetsIDR 1,104.77BtotalAssetsResult 11.0% | 2.68xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueIDR 321.85BtotalRevenueNet PP&EIDR 119.94BpropertyPlantAndEquipmentNetResult 2.68x | 1.13xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexIDR 8.89BcapitalExpendituresD&AIDR 7.89BreconciledDepreciationResult 1.13x | IDR 147.31Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,104.77BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 203.98MintangibleAssetsLiabilitiesIDR 192.07BtotalLiabTangible bookIDR 912.49BShares6,194,200,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 147.31 | 1.46xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 128.82BebitdaCapexIDR 8.89BcapitalExpendituresInterestIDR 14.06BinterestExpenseShort-term debtIDR 68.07BshortTermDebtEBITDA − capexIDR 119.93BPrincipal due is short-term debt.Result 1.46x | -IDR 728.10MFree cash flow · 2022-12-31Reported free cash flowOperating cash flowIDR 8.16BtotalCashFromOperatingActivitiesCapexIDR 8.89BcapitalExpendituresFree cash flow-IDR 728.10MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 728.10M | 7.3%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 91.08BoperatingIncomeTax expenseIDR 19.57BtaxProvisionPretax incomeIDR 106.86BincomeBeforeTaxTax rate18.3%EquityIDR 912.69BtotalStockholderEquityDebtIDR 126.67BlongTermDebt + shortLongTermDebtCashIDR 18.43BcashInvested capitalIDR 1,020.94BResult 7.3% | 0.76xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeIDR 91.08BoperatingIncomeNet PP&EIDR 119.94BpropertyPlantAndEquipmentNetResult 0.76x |
| 2023 | 8.9%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 126.15BpropertyPlantEquipmentInventoryIDR 1.15BinventoryTotal assetsIDR 1,428.64BtotalAssetsResult 8.9% | 3.17xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueIDR 399.27BtotalRevenueNet PP&EIDR 126.15BpropertyPlantEquipmentResult 3.17x | 3.85xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexIDR 25.42BcapitalExpendituresD&AIDR 6.61BreconciledDepreciationResult 3.85x | IDR 197.94Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,428.64BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 176.76MintangibleAssetsLiabilitiesIDR 202.36BtotalLiabTangible bookIDR 1,226.10BShares6,194,200,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 197.94 | 1.10xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAIDR 154.52BebitdaCapexIDR 25.42BcapitalExpendituresInterestIDR 14.01BinterestExpenseShort-term debtIDR 103.48BshortTermDebtEBITDA − capexIDR 129.10BPrincipal due is short-term debt.Result 1.10x | -IDR 71.43BFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-IDR 46.01BtotalCashFromOperatingActivitiesCapexIDR 25.42BcapitalExpendituresFree cash flow-IDR 71.43BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 71.43B | 9.4%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeIDR 148.75BoperatingIncomeTax expenseIDR 30.92BtaxProvisionPretax incomeIDR 133.90BincomeBeforeTaxTax rate23.1%EquityIDR 1,226.28BtotalStockholderEquityDebtIDR 110.14BlongTermDebt + shortLongTermDebtCashIDR 114.41BcashAndShortTermInvestmentsInvested capitalIDR 1,222.01BResult 9.4% | 1.18xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeIDR 148.75BoperatingIncomeNet PP&EIDR 126.15BpropertyPlantEquipmentResult 1.18x |
| 2024 | 9.1%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 153.74BpropertyPlantEquipmentInventoryIDR 1.77BinventoryTotal assetsIDR 1,715.58BtotalAssetsResult 9.1% | 1.49xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueIDR 229.34BtotalRevenueNet PP&EIDR 153.74BpropertyPlantEquipmentResult 1.49x | 3.18xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexIDR 28.54BcapitalExpendituresD&AIDR 8.97BreconciledDepreciationResult 3.18x | IDR 195.24Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,715.58BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 149.53MintangibleAssetsLiabilitiesIDR 385.16BtotalLiabTangible bookIDR 1,330.26BShares6,813,620,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 195.24 | -1.01xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-IDR 203.21BebitdaCapexIDR 28.54BcapitalExpendituresInterestIDR 15.56BinterestExpenseShort-term debtIDR 214.84BshortTermDebtEBITDA − capex-IDR 231.76BPrincipal due is short-term debt.Result -1.01x | -IDR 78.72BFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-IDR 50.18BtotalCashFromOperatingActivitiesCapexIDR 28.54BcapitalExpendituresFree cash flow-IDR 78.72BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 78.72B | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-IDR 22.65BoperatingIncomeTax expense-IDR 48.98BtaxProvisionPretax income-IDR 227.75BincomeBeforeTaxTax rate—EquityIDR 1,330.41BtotalStockholderEquityDebtIDR 315.83BlongTermDebt + shortLongTermDebtCashIDR 46.02BcashAndShortTermInvestmentsInvested capitalIDR 1,600.22BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.15xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-IDR 22.65BoperatingIncomeNet PP&EIDR 153.74BpropertyPlantEquipmentResult -0.15x |
| 2025 | 11.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EIDR 185.75BpropertyPlantEquipmentInventoryIDR 1.92BinventoryTotal assetsIDR 1,701.14BtotalAssetsResult 11.0% | 0.97xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueIDR 180.96BtotalRevenueNet PP&EIDR 185.75BpropertyPlantEquipmentResult 0.97x | 3.09xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexIDR 29.01BcapitalExpendituresD&AIDR 9.38BreconciledDepreciationResult 3.09x | IDR 190.25Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsIDR 1,701.14BtotalAssetsGoodwillIDR 0.00Not reported, treated as 0IntangiblesIDR 122.30MintangibleAssetsLiabilitiesIDR 404.75BtotalLiabTangible bookIDR 1,296.27BShares6,813,620,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result IDR 190.25 | -0.24xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-IDR 40.14BebitdaCapexIDR 29.01BcapitalExpendituresInterestIDR 30.64BinterestExpenseShort-term debtIDR 255.65BshortTermDebtEBITDA − capex-IDR 69.15BPrincipal due is short-term debt.Result -0.24x | -IDR 12.04BFree cash flow · 2025-12-31Reported free cash flowOperating cash flowIDR 16.97BtotalCashFromOperatingActivitiesCapexIDR 29.01BcapitalExpendituresFree cash flow-IDR 12.04BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -IDR 12.04B | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-IDR 98.90BoperatingIncomeTax expense-IDR 25.86BtaxProvisionPretax income-IDR 80.16BincomeBeforeTaxTax rate—EquityIDR 1,296.40BtotalStockholderEquityDebtIDR 301.90BlongTermDebt + shortLongTermDebtCashIDR 24.00BcashAndShortTermInvestmentsInvested capitalIDR 1,574.30BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.53xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-IDR 98.90BoperatingIncomeNet PP&EIDR 185.75BpropertyPlantEquipmentResult -0.53x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: IDR 185.75B
Inventory: IDR 1.92B
Total assets: IDR 1,701.14B
Goodwill: IDR 0.00
Intangibles: IDR 122.30M
Liabilities: IDR 404.75B
Tangible book: IDR 1,296.27B
Shares: 6,813,620,000
Revenue: IDR 180.96B
Capex: IDR 29.01B
D&A: IDR 9.38B
EBITDA: -IDR 40.14B
Interest: IDR 30.64B
Short-term debt: IDR 255.65B
Free cash flow: -IDR 12.04B
Operating income: -IDR 98.90B
Invested capital: IDR 1,574.30B
Tax rate: —