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 11.1x --> heavy shareholder selling, beware of stock overhang!
• There were 4 names of substantial holders selling
• Top 3 sellers were: ['Brigitta Notoatmodjo', 'Green City Sg PT. Ltd', 'PT. Green Power Group Tbk']
• Total sold value in the last 6 months: IDR -35.5 billion
• There were: 2x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +21.68%
• In the last 6 months: out of 36,074 million shares sold: 84 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 -11.4% in latest Q3 '25 quarter
• Current EBITDA -2.4 B insufficient to cover current Interest Exp -0.3 B
• Total EBITDA -25.6 B insufficient to cover Total Interest Exp -5.9 B in the last 8 quarters
• Negative Turnaround detected: 6 months Net Profit last year become Net Loss this year which fell -5,840.0%

Green Flags

• Current Ratio: 1.4x with an avg of 1.9x over 8 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 and Operating CF