Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 1.7x --> shareholder buying detected
• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Gafur Sulistyo Umar', 'PT. Fersindo Nusa Jaya']
• Total bought value in the last 6 months: IDR 18.5 billion
• 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 4.2x --> heavy shareholder selling, beware of stock overhang!
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +2.7%
• In the last 6 months: out of 17,137 million shares sold: 94 million shares came from Foreign holders
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA -13.9 B insufficient to cover current Interest Exp -0.5 B
• Total EBITDA -120.5 B insufficient to cover Total Interest Exp -6.5 B in the last 8 quarters
• 6 months Net Loss increasing 148.0% compared to last year

Green Flags

• Current Ratio: 8.2x with an avg of 2.6x over 8 quarters

Red Flags

• Annual avg shares o/s increase: 49.0%
• In the last 4 quarters: 2 occurence of Receivables growing 4.3x of Sales growth

Green Flags

Red Flags

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