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 1.0x --> shareholder selling detected, if continues then potential for stock overhang
• There were: 2x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +2.43%
• In the last 6 months: out of 4,937 million shares sold: 45 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 11.1 B is sufficient to cover current Interest Exp -0.3 B
• Total EBITDA 118.2 B is sufficient to cover Total Interest Exp -5.3 B in the last 8 quarters
• 6 months Net Profit growing 43.0% compared to last year

Red Flags

• Top line decreased by -22.9% in latest Q1 '26 quarter
• Significant Non-Operating Income: 5.4% of Revenue in latest Q1 '26 quarter
• Significant Non-Operating Income: 57.5% of Net Income in latest Q1 '26 quarter
• Noise detected, check I/S structure in latest Q1 '26 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.6x with an avg of 1.4x over 8 quarters

Red Flags

• In the last 4 quarters: 1 occurence of Receivables growing 4.1x of Sales growth

Green Flags

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

Red Flags