Financial Analysis Center

Green Flags

• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Drs. Prodjo Sunarjanto Sp.', 'Erida']
• Total bought value in the last 6 months: IDR 1.1 billion
• Foreign holders had been net buying 6 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 9.9x --> heavy shareholder selling, beware of stock overhang!
• There were 3 names of substantial holders selling
• Top 3 sellers were: ['Credit Suisse Ag, Singapore Branch Trust Account Clients', 'Ir. T. Permadi Rachmat', 'Tjoeng Suyanto']
• Total sold value in the last 6 months: IDR -95.0 billion

Green Flags

• Current EBITDA 541.9 B is sufficient to cover current Interest Exp -74.0 B
• Total EBITDA 3,405.1 B is sufficient to cover Total Interest Exp -586.2 B in the last 8 quarters
• 6 months Net Profit growing 74.0% compared to last year

Red Flags

• Significant Non-Operating Loss: -37.8% of Net Income in latest Q3 '25 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.1x with an avg of 1.0x over 8 quarters

Red Flags

• Detected buildup of inventory and receivables in the balance sheet (current).
• There's a buildup of inventory and receivables in the last 2 quarters
• In the last 4 quarters: 2 occurence of Receivables growing 3.8x of Sales growth

Green Flags

• Net Profit : Operating CF ratio > 0 --> positive Net Profit and positive Operating CF

Red Flags