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: -3.39%
• In the last 6 months: out of 12,513 million shares bought: 61 million shares came from Foreign holders
• Foreign holders had been net buying 3 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 11.3x --> heavy shareholder selling, beware of stock overhang!
• There were 5 names of substantial holders selling
• Top 3 sellers were: ['Credit Suisse Ag, Singapore Branch Trust Account Clients', 'Ir. T. Permadi Rachmat', 'Jany Candra']
• Total sold value in the last 6 months: IDR -79.9 billion
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• Current EBITDA 472.6 B is sufficient to cover current Interest Exp -68.6 B
• Total EBITDA 3,628.3 B is sufficient to cover Total Interest Exp -585.4 B in the last 8 quarters
• 6 months Net Profit growing 26.0% compared to last year

Red Flags

• Significant Non-Operating Loss: -51.9% of Net Income in latest Q1 '26 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters

Red Flags

• Current Ratio < 1x --> weak balance sheet
• In the last 4 quarters: 1 occurence of Receivables growing 13.2x of Sales growth

Green Flags

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

Red Flags