Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 15.0x --> heavy shareholder buying
• Foreign holders had been net buying 5 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 1,630.5x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['PT. Jtrust Investment Indonesia', 'J Trust Asia Pte. Ltd.']
• Total sold value in the last 6 months: IDR -32.6 billion
• There were: 2x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +1.07%
• In the last 6 months: out of 19,181 million shares sold: 4 million shares came from Foreign holders
• Foreign holders had been net selling 1 months out of the last 6 months time period

Green Flags

• Total EBITDA 76.9 B is sufficient to cover Total Interest Exp -4.6 B in the last 7 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA -52.7 B insufficient to cover current Interest Exp -1.6 B
• 6 months Net Loss increasing 33.0% compared to last year

Green Flags

• Decreasing DER for 4 consecutive quarters

Red Flags

• Annual avg shares o/s increase: 17.3%
• Current Ratio < 1x --> weak balance sheet
• In the last 4 quarters: 2 occurence of Receivables growing 2.8x of Sales growth

Green Flags

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

Red Flags