Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 4.1x --> heavy shareholder buying
• There were: 1x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.58%
• In the last 6 months: out of 758 million shares bought: 32 million shares came from Foreign holders
• Foreign holders had been net buying 4 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 3.3x --> heavy shareholder selling, beware of stock overhang!
• Foreign holders had been net selling 2 months out of the last 6 months time period

Green Flags

• Total EBITDA 34.1 B is sufficient to cover Total Interest Exp -4.8 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Top line decreased by -82.2% in latest Q3 '25 quarter
• Current EBITDA -0.8 B insufficient to cover current Interest Exp -0.8 B

Green Flags

• Current Ratio: 2.8x with an avg of 2.4x over 8 quarters
• No buildup of inventory and receivables in the balance sheet (current).
• No buildup of inventory and receivables in the last 2 quarters

Red Flags

• Annual avg shares o/s increase: 6.5%
• Shares o/s increased by 32.6% in the last 3 yrs
• In the last 4 quarters: 1 occurence of Receivables growing 2.3x of Sales growth

Green Flags

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

Red Flags