Financial Analysis Center

Green Flags

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

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 95.0x --> heavy shareholder selling, beware of stock overhang!
• There were 3 names of substantial holders selling
• Top 3 sellers were: ['PT. Waskita Karya (Persero) Tbk.', 'PT. Intiniaga Sukses Abadi', 'Treasury Shares']
• Total sold value in the last 6 months: IDR -0.9 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.12%
• In the last 6 months: out of 6,814 million shares sold: 10 million shares came from Foreign holders
• Foreign holders had been net selling 1 months out of the last 6 months time period

Green Flags

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA -39.5 B insufficient to cover current Interest Exp -78.1 B
• Total EBITDA -202.4 B insufficient to cover Total Interest Exp -588.8 B in the last 8 quarters
• 6 months Net Loss increasing 21.0% compared to last year

Green Flags

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 23.8%
• Current Ratio < 1x --> weak balance sheet
• Negative Equity (current)
• In the last 4 quarters: 1 occurence of Receivables growing 7.3x of Sales growth

Green Flags

Red Flags

• Negative Net Profit and Operating CF