Financial Analysis Center

Deep dive into the financial statements for ITMA.

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Red Flag / Green Flag Analysis

Green Flags
  • Within 6 months timeframe: total Bought value compared to average transaction value is 290.7x --> heavy shareholder buying
  • There were 2 names of substantial holders buying
  • Top 2 buyers were: ['PT. Fersindo Nusa Jaya', 'PT. Majukarya Mandiri Indonesia']
  • Total bought value in the last 6 months: IDR 37.8 billion
  • There were: 3x monthly occurence of decrease in public holding --> buying activity
  • Net public holding change within the past 6 months: -2.44%
  • In the last 6 months: out of 2,438 million shares bought: 10 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 454.0x --> heavy shareholder selling, beware of stock overhang!
  • There were 3 names of substantial holders selling
  • Top 3 sellers were: ['PT. Bersama Jaya Solusi', 'PT. Trukindo Persada Sejahtera', 'Zurich Assets International Ltd']
  • Total sold value in the last 6 months: IDR -59.0 billion
  • Foreign holders had been net selling 5 months out of the last 6 months time period
Green Flags
  • Current EBITDA 2.7 B is sufficient to cover current Interest Exp -1.5 B
  • Total EBITDA 25.5 B is sufficient to cover Total Interest Exp -19.0 B in the last 8 quarters
Red Flags
  • Top line decreased by -27.6% in latest Q2 '26 quarter
Green Flags
  • Decreasing DER for 4 consecutive quarters
Red Flags
  • Annual avg shares o/s increase: 3.0%
  • Current Ratio < 1x --> weak balance sheet
  • In the last 4 quarters: 1 occurence of Receivables growing 10.3x of Sales growth
Green Flags
Red Flags
  • Negative Operating CF with positive Net Profit --> bad earnings quality

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.