Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 10.0x --> heavy shareholder buying
• Foreign holders had been net buying 3 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 6.9x --> 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 -309.7 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +9.94%
• In the last 6 months: out of 49,705 million shares sold: 76 million shares came from Foreign holders
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• Current EBITDA 36.9 B is sufficient to cover current Interest Exp -0.0 B
• Total EBITDA 29.8 B is sufficient to cover Total Interest Exp -0.1 B in the last 8 quarters
• 6 months Net Profit growing 1,869.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income

Green Flags

• Current Ratio: 11.3x with an avg of 58.8x over 8 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• 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

Red Flags

• Negative Operating CF with positive Net Profit --> bad earnings quality