Financial Analysis Center

Green Flags

• Foreign holders had been net buying 1 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 5.6x --> heavy shareholder selling, beware of stock overhang!
• There were 4 names of substantial holders selling
• Top 3 sellers were: ['Hsbc-Fund Svs A/C Chengdong Investment Corp-Self', 'Treasure Global Investments Limited', 'Ubs Switzerland Ag-Client Assets -2049584001']
• Total sold value in the last 6 months: IDR -11,229.2 billion
• There were: 4x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +12.81%
• In the last 6 months: out of 4,756,806 million shares sold: 36,935 million shares came from Foreign holders
• Foreign holders had been net selling 5 months out of the last 6 months time period

Green Flags

• Current EBITDA 640.0 B is sufficient to cover current Interest Exp -58.0 B
• Total EBITDA 4,245.0 B is sufficient to cover Total Interest Exp -651.7 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Significant Non-Operating Income: 87.5% of Net Income in latest Q3 '25 quarter
• 6 months Net Profit falling -78.0% compared to last year

Green Flags

• Current Ratio: 1.0x with an avg of 1.0x over 8 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 81.8%
• In the last 4 quarters: 1 occurence of Receivables growing 7.0x of Sales growth

Green Flags

Red Flags

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