Financial Analysis Center

Green Flags

• There were 5 names of substantial holders buying
• Top 3 buyers were: ['Yentoro', 'Ronald Adrianta', 'Kristina Dwi Suryani Pangerapan']
• Total bought value in the last 6 months: IDR 0.3 billion
• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 1.7x --> shareholder selling detected, if continues then potential for stock overhang
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['PT. Persada Inti Sejahtera', 'Uob Kay Hian PT. Ltd']
• Total sold value in the last 6 months: IDR -6.6 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +1.84%
• In the last 6 months: out of 1,992 million shares sold: 35 million shares came from Foreign holders
• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• Current EBITDA 37.5 B is sufficient to cover current Interest Exp -0.2 B
• Total EBITDA 47.8 B is sufficient to cover Total Interest Exp -7.2 B in the last 8 quarters
• Positive Turnaround potential: 6 months Net Loss last year become Net Profit this year with a growth of 346.0%

Red Flags

• Multiple quarters of (-) Net Income

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.0x with an avg of 1.0x over 8 quarters

Red Flags

• Annual avg shares o/s increase: 6.7%
• In the last 4 quarters: 1 occurence of Receivables growing 7.8x of Sales growth

Green Flags

Red Flags

• Negative Net Profit with positive Operating CF --> check Noise and other Operating Losses