Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 2.4x --> shareholder buying detected
• There were 3 names of substantial holders buying
• Top 3 buyers were: ['Merna Logam', 'Rudy Kurniawan Logam', 'Manoj Pitamber Nanwani']
• Total bought value in the last 6 months: IDR 13.2 billion
• There were: 3x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -1.76%
• In the last 6 months: out of 10,207 million shares bought: 20 million shares came from Foreign holders
• 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 1.4x --> shareholder selling detected, if continues then potential for stock overhang
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• Current EBITDA 47.5 B is sufficient to cover current Interest Exp -13.3 B
• Total EBITDA 604.7 B is sufficient to cover Total Interest Exp -201.8 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Negative Turnaround detected: 6 months Net Profit last year become Net Loss this year which fell -1,909.0%

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.3x with an avg of 1.2x over 8 quarters

Red Flags

• Annual avg shares o/s increase: 8.7%
• Shares o/s increased by 43.4% in the last 3 yrs

Green Flags

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

Red Flags