Financial Analysis Center

Green Flags

• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Simon Hendiawan', 'Indriani Suhartono']
• Total bought value in the last 6 months: IDR 0.1 billion
• There were: 1x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.03%
• In the last 6 months: out of 144 million shares bought: 0 million shares came from Foreign holders

Red Flags

• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA -2.6 B insufficient to cover current Interest Exp -0.5 B
• Total EBITDA -17.5 B insufficient to cover Total Interest Exp -3.7 B in the last 7 quarters
• 6 months Net Loss increasing 604.0% compared to last year

Green Flags

• Current Ratio: 4.5x with an avg of 4.4x over 7 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 3.3%
• Detected buildup of inventory and receivables in the balance sheet (current).
• There's a buildup of inventory and receivables in the last 2 quarters
• In the last 4 quarters: 1 occurence of Receivables growing 3.9x of Sales growth

Green Flags

Red Flags

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