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 10.9x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['Romo Nitiyudo Wachjo', 'PT. Dua Usaha Karya Negeri']
• Total sold value in the last 6 months: IDR -36.8 billion
• There were: 2x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +5.86%
• In the last 6 months: out of 13,908 million shares sold: 8 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 140.8 B is sufficient to cover current Interest Exp -7.7 B
• Total EBITDA 1,303.5 B is sufficient to cover Total Interest Exp -217.1 B in the last 8 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Negative Turnaround detected: 6 months Net Profit last year become Net Loss this year which fell -332.0%

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.4x with an avg of 1.2x over 8 quarters

Red Flags

• Annual avg shares o/s increase: 6.8%

Green Flags

Red Flags

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