Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 187.2x --> heavy shareholder buying
• There were: 2x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -21.29%
• In the last 6 months: out of 1,947,626 million shares bought: 313 million shares came from Foreign holders
• Foreign holders had been net buying 1 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 229.1x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['Public < 5% Dengan Kepemilikan Di Bawah 5%', 'PT. Trans Airways']
• Total sold value in the last 6 months: IDR -2,616.6 billion
• Foreign holders had been net selling 5 months out of the last 6 months time period

Green Flags

• Current EBITDA 3,720.0 B is sufficient to cover current Interest Exp -1,980.0 B
• Total EBITDA 27,210.0 B is sufficient to cover Total Interest Exp -15,580.0 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• 6 months Net Loss increasing 148.0% compared to last year

Green Flags

Red Flags

• Annual avg shares o/s increase: 119.7%
• Shares o/s increased by 345.0% in the last 3 yrs
• Current Ratio < 1x --> weak balance sheet
• Negative Equity (current)
• In the last 4 quarters: 2 occurence of Receivables growing 3.2x of Sales growth

Green Flags

Red Flags

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