Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 13.5x --> heavy shareholder buying
• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Uob Kay Hian PT. Ltd A/C Natureverse Inc (PT. Ltd)', 'Amir Sunarko']
• Total bought value in the last 6 months: IDR 19.7 billion
• 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 2.1x --> shareholder selling detected, if continues then potential for stock overhang
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['PT. Borneo Karya Persada', 'PT. Pelayaran Sentra Arung Makmur']
• Total sold value in the last 6 months: IDR -3.0 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +1.97%
• In the last 6 months: out of 12,452 million shares sold: 14 million shares came from Foreign holders
• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• 6 months Net Loss decreasing -78.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA -2.4 B insufficient to cover current Interest Exp -3.8 B
• Total EBITDA -227.5 B insufficient to cover Total Interest Exp -19.6 B in the last 8 quarters

Green Flags

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 11.4%
• Shares o/s increased by 54.9% in the last 3 yrs
• Current Ratio < 1x --> weak balance sheet

Green Flags

Red Flags

• Negative Net Profit and Operating CF