Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 534.5x --> heavy shareholder buying
• There were: 3x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -1.79%
• In the last 6 months: out of 1,811 million shares bought: 0 million shares came from Foreign holders
• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Foreign holders had been net selling 1 months out of the last 6 months time period

Green Flags

• Current EBITDA 11.7 B is sufficient to cover current Interest Exp -3.4 B
• Positive Turnaround potential: 6 months Net Loss last year become Net Profit this year with a growth of 146.0%

Red Flags

• Multiple quarters of (-) Net Income
• Significant Non-Operating Loss: -12.4% of Revenue in latest Q2 '26 quarter
• Significant Non-Operating Loss: -83.0% of Net Income in latest Q2 '26 quarter
• Total EBITDA -13.2 B insufficient to cover Total Interest Exp -6.9 B in the last 8 quarters

Green Flags

• Current Ratio: 16.4x with an avg of 115.7x over 8 quarters
• No buildup of inventory and receivables in the balance sheet (current).
• No buildup of inventory and receivables in the last 2 quarters

Red Flags

• Negative Equity (current)
• In the last 4 quarters: 1 occurence of Receivables growing 13.5x of Sales growth

Green Flags

Red Flags

• Negative Net Profit with positive Operating CF --> check Noise and other Operating Losses