Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 62.3x --> heavy shareholder buying
• There were 3 names of substantial holders buying
• Top 3 buyers were: ['PT. Inti Anugerah Pratama', 'Ubs Ag Sg Branch Tr Ac Cl PT. Inti Anugerah Pr-2023904384', 'Treasury Shares']
• Total bought value in the last 6 months: IDR 568.1 billion
• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.53%
• In the last 6 months: out of 37,576 million shares sold: 1,607 million shares came from Foreign holders
• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• Current EBITDA 388.8 B is sufficient to cover current Interest Exp -199.6 B
• Total EBITDA 2,648.6 B is sufficient to cover Total Interest Exp -2,052.1 B in the last 8 quarters
• 6 months Net Profit growing 180.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income
• Significant Non-Operating Income: 5.7% of Revenue in latest Q2 '26 quarter
• Significant Non-Operating Income: 36.5% of Net Income in latest Q2 '26 quarter
• Noise detected, check I/S structure in latest Q2 '26 quarter

Green Flags

• Current Ratio: 3.8x with an avg of 4.1x over 8 quarters

Red Flags

• In the last 4 quarters: 1 occurence of Receivables growing 4.7x of Sales growth

Green Flags

Red Flags

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