Financial Analysis Center

Green Flags

• 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 13.6x --> heavy shareholder selling, beware of stock overhang!
• There were 3 names of substantial holders selling
• Top 3 sellers were: ['Archipelago Resorts And Hotels Limited', 'Hapsoro', 'PT. Nusantara Utama Investama']
• Total sold value in the last 6 months: IDR -6,077.6 billion
• There were: 3x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +12.94%
• In the last 6 months: out of 266,441 million shares sold: 239 million shares came from Foreign holders
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• Current EBITDA 55.3 B is sufficient to cover current Interest Exp -10.4 B
• Total EBITDA 256.6 B is sufficient to cover Total Interest Exp -88.3 B in the last 8 quarters
• 6 months Net Profit growing 50.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income
• Significant Non-Operating Loss: -14.8% of Revenue in latest Q3 '25 quarter
• Significant Non-Operating Loss: -66.3% of Net Income in latest Q3 '25 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.2x with an avg of 0.9x over 8 quarters

Red Flags

• Annual avg shares o/s increase: 41.1%
• In the last 4 quarters: 2 occurence of Receivables growing 2.6x of Sales growth

Green Flags

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

Red Flags