Financial Analysis Center

Green Flags

• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 49.9x --> heavy shareholder selling, beware of stock overhang!
• There were 3 names of substantial holders selling
• Top 3 sellers were: ['Yeti Sopandi', 'PT. Esta Utama Corpora', 'PT. Bartley Sejahtera Investama']
• Total sold value in the last 6 months: IDR -48.4 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +1.13%
• In the last 6 months: out of 2,741 million shares sold: 13 million shares came from Foreign holders
• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• Current EBITDA 3.4 B is sufficient to cover current Interest Exp -3.0 B
• Total EBITDA 36.0 B is sufficient to cover Total Interest Exp -18.9 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Top line decreased by -29.3% in latest Q1 '26 quarter
• 6 months Net Loss increasing 125.0% compared to last year

Green Flags

• Decreasing DER for 4 consecutive quarters

Red Flags

• Annual avg shares o/s increase: 5.3%
• Current Ratio < 1x --> weak balance sheet
• In the last 4 quarters: 2 occurence of Receivables growing 18.2x of Sales growth

Green Flags

Red Flags

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