Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 11.6x --> 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 160.8 billion
• There were: 3x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -6.23%
• In the last 6 months: out of 95,730 million shares bought: 0 million shares came from Foreign holders

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 129.2x --> 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 -1,797.8 billion
• Foreign holders had been net selling 6 months out of the last 6 months time period

Green Flags

• Current EBITDA 499.4 B is sufficient to cover current Interest Exp -56.7 B
• Total EBITDA 3,574.5 B is sufficient to cover Total Interest Exp -397.4 B in the last 8 quarters

Red Flags

• Significant Non-Operating Loss: -34.9% of Net Income in latest Q3 '25 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.6x with an avg of 1.3x over 8 quarters

Red Flags

• In the last 4 quarters: 3 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