Financial Analysis Center

Green Flags

• There were: 1x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -4.74%
• In the last 6 months: out of 16,263 million shares bought: 4 million shares came from Foreign holders
• Foreign holders had been net buying 5 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 15.2x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['Abdi Andre', 'Yap Suci Kuswardani M.']
• Total sold value in the last 6 months: IDR -3.2 billion
• Foreign holders had been net selling 1 months out of the last 6 months time period

Green Flags

• Current EBITDA 450.8 B is sufficient to cover current Interest Exp -27.3 B
• Total EBITDA 1,188.7 B is sufficient to cover Total Interest Exp -153.9 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Significant Non-Operating Loss: -35.7% of Net Income in latest Q1 '26 quarter
• 6 months Net Profit falling -58.0% compared to last year

Green Flags

• Decreasing DER for 4 consecutive quarters

Red Flags

• Annual avg shares o/s increase: 4.6%
• Current Ratio < 1x --> weak balance sheet
• Detected buildup of inventory and receivables in the balance sheet (current).
• There's a buildup of inventory and receivables in the last 2 quarters

Green Flags

Red Flags

• Negative Net Profit with positive Operating CF --> check Noise and other Operating Losses