Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 6.5x --> heavy shareholder buying
• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Ariel Wibisono', 'Yonathan Himawan Hendarto']
• Total bought value in the last 6 months: IDR 2.1 billion
• There were: 1x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.82%
• In the last 6 months: out of 5,168 million shares bought: 0 million shares came from Foreign holders

Red Flags

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

Green Flags

• Current EBITDA 19.7 B is sufficient to cover current Interest Exp -5.3 B
• Total EBITDA 104.6 B is sufficient to cover Total Interest Exp -27.7 B in the last 7 quarters
• Positive Turnaround potential: 6 months Net Loss last year become Net Profit this year with a growth of 924.0%

Red Flags

• Multiple quarters of (-) Net Income
• Significant Non-Operating Loss: -5.6% of Revenue in latest Q1 '25 quarter
• Significant Non-Operating Loss: -191.0% of Net Income in latest Q1 '25 quarter

Green Flags

• Current Ratio: 1.4x with an avg of 1.5x over 7 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 2.7%

Green Flags

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

Red Flags