Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 3.9x --> heavy shareholder buying
• There were 3 names of substantial holders buying
• Top 3 buyers were: ['Treasury Shares', 'PT. Ap Investment', 'Sajir 9 Llc']
• Total bought value in the last 6 months: IDR 810.8 billion
• There were: 3x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.21%
• In the last 6 months: out of 15,229 million shares bought: 37 million shares came from Foreign holders
• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 1.5x --> shareholder selling detected, if continues then potential for stock overhang
• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• Current EBITDA 2,090.0 B is sufficient to cover current Interest Exp -1,410.0 B
• Total EBITDA 30,965.9 B is sufficient to cover Total Interest Exp -8,174.6 B in the last 7 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Negative Turnaround detected: 6 months Net Profit last year become Net Loss this year which fell -132.0%

Green Flags

• Current Ratio: 1.9x with an avg of 2.3x over 7 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• Detected buildup of inventory and receivables in the balance sheet (current).
• There's a buildup of inventory and receivables in the last 2 quarters

Green Flags

Red Flags

• Negative Operating CF with positive Net Profit --> bad earnings quality