Financial Analysis Center

Deep dive into the financial statements for IRSX.

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Red Flag / Green Flag Analysis

Green Flags
  • Within 6 months timeframe: total Bought value compared to average transaction value is 3.7x --> heavy shareholder buying
  • Foreign holders had been net buying 4 months out of the last 6 months time period
Red Flags
  • Within 6 months timeframe: total Sold value compared to average transaction value is 6.2x --> heavy shareholder selling, beware of stock overhang!
  • There were 3 names of substantial holders selling
  • Top 3 sellers were: ['PT. Investindo Buana Ultima', 'PT. Buana Megah Wicaksana', 'PT. Investasi Gemilang Maju']
  • Total sold value in the last 6 months: IDR -183.7 billion
  • There were: 1x monthly occurence of increase in public holding --> selling activity
  • Net public holding change within the past 6 months: +0.87%
  • In the last 6 months: out of 4,350 million shares sold: 74 million shares came from Foreign holders
  • Foreign holders had been net selling 2 months out of the last 6 months time period
Green Flags
  • Current EBITDA 6.0 B is sufficient to cover current Interest Exp -0.0 B
  • Total EBITDA 45.8 B is sufficient to cover Total Interest Exp -0.1 B in the last 8 quarters
  • Positive Turnaround potential: 6 months Net Loss last year become Net Profit this year with a growth of 273.0%
Red Flags
  • Multiple quarters of (-) Net Income
  • Top line decreased by -15.8% in latest Q1 '26 quarter
  • Significant Non-Operating Income: 30.9% of Net Income in latest Q1 '26 quarter
Green Flags
  • Current Ratio: 5.7x with an avg of 44.6x over 8 quarters
Red Flags
  • Annual avg shares o/s increase: 5.8%
  • Shares o/s increased by 24.0% in the last 3 yrs
  • In the last 4 quarters: 1 occurence of Receivables growing 2,436.4x of Sales growth
Green Flags
  • Net Profit : Operating CF ratio > 0 --> positive Net Profit and positive Operating CF
Red Flags

Income Statement Breakdown

Common size breakdown of the income statement.

Revenue vs. Expenses Breakdown

A detailed breakdown of revenue sources and expense categories.

Income Statement Flow (Sankey)

Shows the flow from top-line revenue to bottom-line net profit.

Foreign Flow (in Shares)

Net flow of foreign funds into the stock.

Balance Sheet Breakdown

Bubble size is proportional to the value of each balance sheet account.