Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 5.2x --> heavy shareholder buying
• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Darmawan Suryadi Sm', 'Jap Astrid Patricia']
• Total bought value in the last 6 months: IDR 42.3 billion
• There were: 1x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.24%
• In the last 6 months: out of 192 million shares bought: 2 million shares came from Foreign holders
• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• Current EBITDA 11.9 B is sufficient to cover current Interest Exp -2.3 B
• Total EBITDA 51.2 B is sufficient to cover Total Interest Exp -10.9 B in the last 8 quarters
• Positive Turnaround potential: 6 months Net Loss last year become Net Profit this year with a growth of 427.0%

Red Flags

• Significant Non-Operating Loss: -7.7% of Revenue in latest Q1 '26 quarter
• Significant Non-Operating Loss: -92.0% of Net Income in latest Q1 '26 quarter

Green Flags

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 15.4%
• Current Ratio < 1x --> weak balance sheet
• In the last 4 quarters: 2 occurence of Receivables growing 178.2x of Sales growth

Green Flags

• Net Profit : Operating CF ratio > 0 --> positive Net Profit and positive Operating CF

Red Flags