Financial Analysis Center

Green Flags

• 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 15.9 billion
• Foreign holders had been net buying 5 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
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +4.73%
• In the last 6 months: out of 30,022 million shares sold: 8 million shares came from Foreign holders
• Foreign holders had been net selling 1 months out of the last 6 months time period

Green Flags

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA -10.1 B insufficient to cover current Interest Exp -0.8 B
• Total EBITDA -85.6 B insufficient to cover Total Interest Exp -5.7 B in the last 8 quarters
• 6 months Net Loss increasing 761.0% compared to last year

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 2.8x with an avg of 4.1x over 8 quarters

Red Flags

• Annual avg shares o/s increase: 49.0%
• In the last 4 quarters: 1 occurence of Receivables growing 6.0x of Sales growth

Green Flags

Red Flags

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