Financial Analysis Center

Green Flags

• Foreign holders had been net buying 5 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 13.0x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['PT. Panin Sekuritas', 'Haiyanto']
• Total sold value in the last 6 months: IDR -249.6 billion
• There were: 3x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.42%
• In the last 6 months: out of 3,065 million shares sold: 138 million shares came from Foreign holders
• Foreign holders had been net selling 1 months out of the last 6 months time period

Green Flags

• Current EBITDA 433.7 B is sufficient to cover current Interest Exp -15.3 B
• Total EBITDA 3,098.6 B is sufficient to cover Total Interest Exp -189.6 B in the last 8 quarters
• 6 months Net Profit growing 29.0% compared to last year

Red Flags

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

Green Flags

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

Red Flags

• In the last 4 quarters: 1 occurence of Receivables growing 3.2x of Sales growth

Green Flags

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

Red Flags