Financial Analysis Center

Green Flags

• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 21.3x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['PT. Harita Jayaraya', 'Citibank Hong Kong S/A Glencore International Investments Ltd']
• Total sold value in the last 6 months: IDR -1,015.9 billion
• There were: 3x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +1.75%
• In the last 6 months: out of 110,423 million shares sold: 538 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 3,080.0 B is sufficient to cover current Interest Exp -150.8 B
• Total EBITDA 19,670.0 B is sufficient to cover Total Interest Exp -1,398.5 B in the last 8 quarters
• 6 months Net Profit growing 41.0% compared to last year

Red Flags

• Significant Non-Operating Income: 13.6% of Revenue in latest Q2 '26 quarter
• Significant Non-Operating Income: 45.2% of Net Income in latest Q2 '26 quarter
• Noise detected, check I/S structure in latest Q2 '26 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.7x with an avg of 2.0x over 8 quarters

Red Flags

• Detected buildup of inventory and receivables in the balance sheet (current).
• There's a buildup of inventory and receivables in the last 2 quarters

Green Flags

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

Red Flags