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Picture
Sharpfokus Top 100 Cashflow Companies

Indonesia’s Strongest Cashflow Performers – Ranked.

Every business needs cash to grow. But not all companies are equally good at generating it.

At Sharpfokus, we measure how well companies turn their assets into cashflow — something we call Cashflow Return on Assets (CFROA). Then we rank the top 100 companies in Indonesia based on those numbers.

This is not about stock tips.
It’s about recognizing the companies that consistently generate real cash.

⸻

What’s the Sharpfokus 100?
• A public ranking of Indonesia’s top 100 listed companies based on cashflow strength.
• Based on 2-year average CFROA to reduce short-term noise and highlight consistent performers.
• Focused on real operational performance, not stock prices.

⸻

Why It Matters

Strong cashflow means a business can:
• Pay dividends
• Fund its own growth
• Avoid unnecessary debt or dilution

If you’re a long-term thinker — this is the list to watch.

⸻

How We Rank

We use our proprietary CFROA analysis of Indonesian listed companies covering over 90% of total market cap.

This public list shows rank only — full CFROA data is available through our subscription.

⸻

Want to Go Deeper?

Sign up for the free Sharpfokus Brief:
Get weekly updates, insights, and commentary — straight from the Top 100.

Sign up here

You’ll also get access to our free Sharpfokus Cashflow Course — where we explain the principles behind the rankings and why cashflow matters more than profit.

⸻

Follow for Daily Insights

Want to see more highlights from the Top 100?
Follow us on X for daily insights and updates.

Follow @sharpfokus on X
  • Subscribe to Sharpfokus
  • HTUFS
  • 7Steps
  • Home
  • Introduction to Sharpfokus Course
  • Sharpfokus-lessons-access
  • Sharpfokus Cashflow Course
  • Lesson1-cashflow-profit
  • Lesson2-negative-cashflow
  • Lesson3-free-cashflow
  • Lesson4-cashflow-equity
  • Lesson5-CFROA
  • Lesson6-market-value
  • Example1-cashflow-profit
  • Example2-negative-cashflow
  • Example3-free-cashflow
  • Example4-cashflow-equity
  • Example5-CFROA
  • example6-market-value
  • Sharpfokus-premium-March2025
  • Sharpfokus100
  • Sharpfokus Premium Upgrade
  • March imports steady
  • TOP100
  • App
  • Notes for UI speech
  • Sharpfokus Cashflow Short Course
  • TSLA, electric cars & confidence
  • Not that leveraged after all
  • Cashflow is King speech Wework June 10, 2025
  • Cashflow is King, Wework talk
  • What’s your business worth?
  • Facts alone
  • The crown still fits
  • Where cashflow begins
  • How to make stocks cashflow sooner
  • Cashflow = equity
  • The US bull rolls on
  • Commodity quiet… for now?
  • Back to the future
  • Budget smoke & mirrors
  • Where should tax come from, top or bottom?
  • Could tariffs shift flows from gold to stocks?
  • Does Jamie Dimon subscribe to Sharpfokus?
  • Goldilocks?
  • 10 questions… & the answers
  • Mini hydro, nice idea, low return
  • Top of the Top 💯
  • Back to the future
  • Free markets, by force…
  • ⚡️ 91% cheaper, but bills still rising
  • Seek & ye shall find
  • Meritocracy returns
  • Moya
  • A glance into our portfolio
  • Viral pandemonium
  • The $100 test
  • Regulations & the road to growth
  • $100 test part 2
  • Electricity s(t)hocks?
  • 8% in the 80th
  • Indonesia UK yield gap vanishes
  • When companies outgrow counties
  • Does technology help?
  • MSTR takes the prize
  • Mind the gap, NVDA
  • 30 days harh September
  • Tech: inflation’s last stop
  • Paralel prosperity
  • Gold eternal
  • My Kingdom for a coffee
  • Assembled in India
  • Depositor to lender
  • UNIQ dig, dug
  • Economic progress?
  • GZCO shallow roots?
  • PSAT dropping anchor?
  • Surprise surprise!
  • SCMA fuzzy picture
  • EMTK behind the scenes
  • Palm oil v gold
  • ARTO inverting
  • BMRI on the rebound
  • DLTA thirst quenching cashflow
  • A puff of smoke
  • RAJA hot air?
  • Apple (AAPL) per person
  • TSPC bitter pill
  • MLPT data dream
  • GGRM lighting up
  • Cashflow reality check
  • CBDK flipping
  • Stocks in gold
  • NISP second best bank
  • CPIN two sunny side up
  • LQ45 should inflate
  • DOID still digging?
  • BNLI new star, but cashflow?
  • Patriot bonds? Equity investors do it too
  • MASA over inflated
  • PIPA cashflow starts flowing
  • MKPI solid build
  • The hidden greater depression
  • ELSA medium octane cashflow
  • BIKE low or high gear?
  • Missing out is ok
  • TEBE already dug in
  • Missing out is ok part 2
  • STTP sweet enough?
  • SMDR buoyant
  • MIKA has had some work done
  • Tariffs are good