Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 3.0x --> shareholder buying detected
• There were: 3x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.03%
• In the last 6 months: out of 81 million shares bought: 0 million shares came from Foreign holders
• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• Current EBITDA 48.7 B is sufficient to cover current Interest Exp -12.1 B
• Total EBITDA 280.9 B is sufficient to cover Total Interest Exp -95.2 B in the last 8 quarters
• Positive Turnaround potential: 6 months Net Loss last year become Net Profit this year with a growth of 347.0%

Red Flags

• Multiple quarters of (-) Net Income
• Significant Non-Operating Loss: -100.7% of Net Income in latest Q1 '26 quarter

Green Flags

• Current Ratio: 1.2x with an avg of 1.2x over 8 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 3.7%
• In the last 4 quarters: 1 occurence of Receivables growing 3.3x of Sales growth

Green Flags

Red Flags

• Negative Operating CF with positive Net Profit --> bad earnings quality