Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 13.1x --> heavy shareholder buying
• There were 3 names of substantial holders buying
• Top 3 buyers were: ['Treasury Shares', 'Aristo Setiawidjaja', 'Hasmoro']
• Total bought value in the last 6 months: IDR 166.9 billion
• There were: 2x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -2.59%
• In the last 6 months: out of 39,798 million shares bought: 16 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 146.4x --> heavy shareholder selling, beware of stock overhang!
• There were 7 names of substantial holders selling
• Top 3 sellers were: ['Yulisar Khiat', 'Iskandar Wahidiyat', 'Raden Endjun']
• Total sold value in the last 6 months: IDR -1,865.6 billion
• Foreign holders had been net selling 5 months out of the last 6 months time period

Green Flags

• Current EBITDA 445.2 B is sufficient to cover current Interest Exp -56.0 B
• Total EBITDA 3,100.9 B is sufficient to cover Total Interest Exp -308.7 B in the last 7 quarters

Red Flags

• Significant Non-Operating Loss: -33.5% of Net Income in latest Q1 '25 quarter
• 6 months Net Profit falling -31.0% compared to last year

Green Flags

• Current Ratio: 1.1x with an avg of 1.3x over 7 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: 2 occurence of Receivables growing infx of Sales growth

Green Flags

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

Red Flags