Financial Analysis Center

Green Flags

• 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 270.5x --> heavy shareholder selling, beware of stock overhang!
• There were 5 names of substantial holders selling
• Top 3 sellers were: ['Msip S/A Energy Collier Private Limited', 'Swandono Adijanto Warkat', 'Swandono Adijanto Scripless']
• Total sold value in the last 6 months: IDR -576.3 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.2%
• In the last 6 months: out of 1,000 million shares sold: 5 million shares came from Foreign holders
• Foreign holders had been net selling 5 months out of the last 6 months time period

Green Flags

• Current EBITDA 43.4 B is sufficient to cover current Interest Exp -0.7 B
• Total EBITDA 1,162.7 B is sufficient to cover Total Interest Exp -11.2 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• 6 months Net Profit falling -99.0% compared to last year

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 4.7x with an avg of 3.5x over 8 quarters

Red Flags

• In the last 4 quarters: 2 occurence of Receivables growing 3.8x of Sales growth

Green Flags

Red Flags

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