Financial Analysis Center

Green Flags

• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Erwin Ciputra', 'PT. Kreasi Jasa Persada']
• Total bought value in the last 6 months: IDR 17.9 billion
• 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 2.8x --> shareholder selling detected, if continues then potential for stock overhang
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['PT. Caraka Reksa Optima', 'Treasury Shares']
• Total sold value in the last 6 months: IDR -1,979.3 billion
• There were: 3x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +2.69%
• In the last 6 months: out of 27,131 million shares sold: 139 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 503.4 B is sufficient to cover current Interest Exp -230.7 B
• Total EBITDA 3,659.9 B is sufficient to cover Total Interest Exp -1,092.0 B in the last 8 quarters
• 6 months Net Profit growing 128.0% compared to last year

Red Flags

• Significant Non-Operating Income: 43.1% of Net Income in latest Q3 '25 quarter
• Noise detected, check I/S structure in latest Q3 '25 quarter

Green Flags

• Current Ratio: 1.3x with an avg of 1.3x over 8 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• 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