Financial Analysis Center

Green Flags

• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Wong Kevin', 'PT. Geo Link Indonesia']
• Total bought value in the last 6 months: IDR 87.0 billion
• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 3.7x --> heavy shareholder selling, beware of stock overhang!
• There were 7 names of substantial holders selling
• Top 3 sellers were: ['PT. Delta Royal Sejahtera', 'PT. Majukarya Mandiri Indonesia', 'PT. Danatama Kapital Investama']
• Total sold value in the last 6 months: IDR -592.4 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +8.3%
• In the last 6 months: out of 117,178 million shares sold: 563 million shares came from Foreign holders
• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• Top and bottom line has been increasing at an average rate of 35.7% and 178.5% for 4 consecutive quarters
• Current EBITDA 852.8 B is sufficient to cover current Interest Exp -56.0 B
• Total EBITDA 2,387.2 B is sufficient to cover Total Interest Exp -397.5 B in the last 8 quarters
• 6 months Net Profit growing 787.0% compared to last year

Red Flags

• Noise detected, check I/S structure in latest Q2 '26 quarter

Green Flags

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: inf%
• 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
• In the last 4 quarters: 2 occurence of Receivables growing 2.7x of Sales growth

Green Flags

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

Red Flags