Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 2.5x --> shareholder buying detected
• There were 5 names of substantial holders buying
• Top 3 buyers were: ['Treasury Shares', 'Ferdinandus Aming Santoso', 'Eko Santoso Hadiprodjo']
• Total bought value in the last 6 months: IDR 52.6 billion
• There were: 3x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.26%
• In the last 6 months: out of 15,366 million shares bought: 263 million shares came from Foreign holders
• Foreign holders had been net buying 3 months out of the last 6 months time period

Red Flags

• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• Current EBITDA 2,570.0 B is sufficient to cover current Interest Exp -644.1 B
• Total EBITDA 20,250.0 B is sufficient to cover Total Interest Exp -6,151.6 B in the last 8 quarters
• 6 months Net Profit growing 22.0% compared to last year

Red Flags

• Significant Non-Operating Loss: -21.6% of Revenue in latest Q1 '26 quarter
• Significant Non-Operating Loss: -81.6% of Net Income in latest Q1 '26 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters

Red Flags

• Annual avg shares o/s increase: 3.3%
• Shares o/s increased by 16.9% in the last 3 yrs
• Current Ratio < 1x --> weak balance sheet
• In the last 4 quarters: 2 occurence of Receivables growing 28.4x of Sales growth

Green Flags

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

Red Flags