Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 5.6x --> heavy shareholder buying
• There were: 4x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -1.91%
• In the last 6 months: out of 8,987 million shares bought: 18 million shares came from Foreign holders
• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 5.1x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['Treasury Shares', 'Eddy Purwana Wikanta']
• Total sold value in the last 6 months: IDR -124.1 billion
• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• Current EBITDA 239.3 B is sufficient to cover current Interest Exp -43.9 B
• Total EBITDA 966.5 B is sufficient to cover Total Interest Exp -298.1 B in the last 8 quarters
• 6 months Net Loss decreasing -57.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income

Green Flags

• Current Ratio: 1.6x with an avg of 2.5x over 8 quarters

Red Flags

Green Flags

Red Flags

• Negative Operating CF with positive Net Profit --> bad earnings quality