Financial Analysis Center

Green Flags

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

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 4.9x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['Brigitta Notoatmodjo', 'Hok Gwan (Dharmo Budiono)']
• Total sold value in the last 6 months: IDR -47.4 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +8.0%
• In the last 6 months: out of 13,312 million shares sold: 0 million shares came from Foreign holders
• Foreign holders had been net selling 2 months out of the last 6 months time period

Green Flags

Red Flags

• Multiple quarters of (-) Net Income
• Top line decreased by -13.7% in latest Q2 '25 quarter
• Current EBITDA -30.5 B insufficient to cover current Interest Exp -0.5 B
• Total EBITDA -24.2 B insufficient to cover Total Interest Exp -5.6 B in the last 7 quarters
• Negative Turnaround detected: 6 months Net Profit last year become Net Loss this year which fell -5,883.0%

Green Flags

• Current Ratio: 1.3x with an avg of 2.0x over 7 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• In the last 4 quarters: 1 occurence of Receivables growing 2.6x of Sales growth

Green Flags

Red Flags

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