Financial Analysis Center

Green Flags

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

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 294.4x --> heavy shareholder selling, beware of stock overhang!
• There were 3 names of substantial holders selling
• Top 3 sellers were: ['PT. Tigatunggal Adimulya', 'PT. Brida Makmur Nusantara', 'Billy Sabarto']
• Total sold value in the last 6 months: IDR -1,186.5 billion
• There were: 2x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.03%
• In the last 6 months: out of 244 million shares sold: 2 million shares came from Foreign holders
• Foreign holders had been net selling 2 months out of the last 6 months time period

Green Flags

• Current EBITDA 54.7 B is sufficient to cover current Interest Exp -13.2 B
• Total EBITDA 336.8 B is sufficient to cover Total Interest Exp -61.6 B in the last 7 quarters
• 6 months Net Profit growing 82.0% compared to last year

Red Flags

• Top line decreased by -54.0% in latest Q2 '25 quarter
• Significant Non-Operating Loss: -30.9% of Net Income in latest Q2 '25 quarter

Green Flags

• Current Ratio: 1.0x with an avg of 0.8x over 7 quarters

Red Flags

• Annual avg shares o/s increase: inf%
• Shares o/s increased by inf% in the last 3 yrs

Green Flags

Red Flags

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