Financial Analysis Center

Green Flags

• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Leonard Hariadi Hartanto', 'Yacobus Jemmy Hartanto']
• Total bought value in the last 6 months: IDR 2.9 billion
• There were: 1x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.01%
• In the last 6 months: out of 271 million shares bought: 63 million shares came from Foreign holders
• Foreign holders had been net buying 4 months out of the last 6 months time period

Red Flags

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

Green Flags

• Current EBITDA 140.2 B is sufficient to cover current Interest Exp -6.1 B
• Total EBITDA 941.3 B is sufficient to cover Total Interest Exp -42.9 B in the last 8 quarters
• 6 months Net Profit growing 43.0% compared to last year

Red Flags

• Significant Non-Operating Income: 5.6% of Revenue in latest Q2 '26 quarter
• Significant Non-Operating Income: 27.7% of Net Income in latest Q2 '26 quarter
• Noise detected, check I/S structure in latest Q2 '26 quarter

Green Flags

• Current Ratio: 8.3x with an avg of 9.3x 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
• In the last 4 quarters: 1 occurence of Receivables growing 2.5x of Sales growth

Green Flags

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

Red Flags