Financial Analysis Center

Green Flags

• Foreign holders had been net buying 4 months out of the last 6 months time period

Red Flags

• There were 2 names of substantial holders selling
• Top 2 sellers were: ['Budi Tjahjadi', 'Erwin Kurnia Winenda']
• Total sold value in the last 6 months: IDR -1.0 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.63%
• In the last 6 months: out of 1,237 million shares sold: 25 million shares came from Foreign holders
• Foreign holders had been net selling 2 months out of the last 6 months time period

Green Flags

• Total EBITDA 137.8 B is sufficient to cover Total Interest Exp -41.5 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Top line decreased by -58.9% in latest Q1 '26 quarter
• Current EBITDA -6.8 B insufficient to cover current Interest Exp -5.8 B
• Negative Turnaround detected: 6 months Net Profit last year become Net Loss this year which fell -261.0%

Green Flags

• Current Ratio: 1.6x with an avg of 1.6x over 8 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• Detected buildup of inventory and receivables in the balance sheet (current).
• There's a buildup of inventory and receivables in the last 2 quarters
• In the last 4 quarters: 1 occurence of Receivables growing 2.0x of Sales growth

Green Flags

Red Flags

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