Financial Analysis Center

Green Flags

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

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 7.3x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['Aninditha Anestya Bakrie', 'Faisal Mohamad Nur']
• Total sold value in the last 6 months: IDR -19.7 billion
• There were: 2x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.1%
• In the last 6 months: out of 1,583 million shares sold: 0 million shares came from Foreign holders

Green Flags

• Current EBITDA 111.2 B is sufficient to cover current Interest Exp -10.5 B
• Total EBITDA 614.7 B is sufficient to cover Total Interest Exp -206.5 B in the last 7 quarters
• 6 months Net Profit growing 221.0% compared to last year

Red Flags

• Significant Non-Operating Income: 19.9% of Revenue in latest Q1 '25 quarter
• Significant Non-Operating Income: 47.1% of Net Income in latest Q1 '25 quarter
• Noise detected, check I/S structure in latest Q1 '25 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.7x with an avg of 1.3x over 7 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

• In the last 4 quarters: 1 occurence of Receivables growing 5.5x of Sales growth

Green Flags

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

Red Flags