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 2.5x --> shareholder selling detected, if continues then potential for stock overhang
• There were 3 names of substantial holders selling
• Top 3 sellers were: ['Gavin Arnold Caudle', 'PT. Saratoga Investama Sedaya Tbk', 'PT. Suwarna Arta Mandiri']
• Total sold value in the last 6 months: IDR -541.2 billion
• There were: 2x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.14%
• In the last 6 months: out of 3,426 million shares sold: 42 million shares came from Foreign holders
• Foreign holders had been net selling 2 months out of the last 6 months time period

Green Flags

• Current EBITDA 1,790.0 B is sufficient to cover current Interest Exp -572.9 B
• Total EBITDA 10,812.7 B is sufficient to cover Total Interest Exp -4,058.7 B in the last 8 quarters
• 6 months Net Loss decreasing -38.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income

Green Flags

Red Flags

• Increasing DER for 4 consecutive quarters
• Current Ratio < 1x --> weak balance sheet
• In the last 4 quarters: 2 occurence of Receivables growing 22.5x of Sales growth

Green Flags

Red Flags

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