Financial Analysis Center

Green Flags

• Foreign holders had been net buying 3 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 7.1x --> heavy shareholder selling, beware of stock overhang!
• There were 5 names of substantial holders selling
• Top 3 sellers were: ['PT. Longping Investasi Indonesia', 'PT. Nev Stored Energy', 'Huang Yeping']
• Total sold value in the last 6 months: IDR -14.5 billion
• There were: 3x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +10.6%
• In the last 6 months: out of 11,696 million shares sold: 51 million shares came from Foreign holders
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• Current EBITDA 4.1 B is sufficient to cover current Interest Exp 0.0 B
• Total EBITDA 2.7 B is sufficient to cover Total Interest Exp -0.4 B in the last 8 quarters
• Positive Turnaround potential: 6 months Net Loss last year become Net Profit this year with a growth of 198.0%

Red Flags

• Multiple quarters of (-) Net Income

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 2.3x with an avg of 8.5x over 8 quarters

Red Flags

• Annual avg shares o/s increase: 7.0%
• In the last 4 quarters: 1 occurence of Receivables growing 2.4x of Sales growth

Green Flags

Red Flags

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