Financial Analysis Center

Green Flags

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

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 4.5x --> heavy shareholder selling, beware of stock overhang!
• There were 6 names of substantial holders selling
• Top 3 sellers were: ['Tumiyana', 'M-Kes Client Repo', 'Wahyu Andi Susilo']
• Total sold value in the last 6 months: IDR -84.8 billion
• There were: 3x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +8.36%
• In the last 6 months: out of 108,188 million shares sold: 143 million shares came from Foreign holders
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• 6 months Net Loss decreasing -71.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA 6.8 B insufficient to cover current Interest Exp -7.1 B
• Total EBITDA 13.1 B insufficient to cover Total Interest Exp -83.9 B in the last 8 quarters

Green Flags

• Current Ratio: 1.0x with an avg of 0.9x over 8 quarters

Red Flags

• In the last 4 quarters: 2 occurence of Receivables growing 61.2x of Sales growth

Green Flags

Red Flags

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