Financial Analysis Center

Green Flags

• There were 2 names of substantial holders buying
• Top 2 buyers were: ['PT. Cgs International Sekuritas Indonesia', 'Sugiman Halim']
• Total bought value in the last 6 months: IDR 101.7 billion
• There were: 3x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -13.67%
• In the last 6 months: out of 1,938,188 million shares bought: 795 million shares came from Foreign holders
• 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 32.9x --> heavy shareholder selling, beware of stock overhang!
• There were 6 names of substantial holders selling
• Top 3 sellers were: ['1St Financial Company Limited', 'PT. Bumi Resources Tbk', 'PT. Maybank Sekuritas Indonesia']
• Total sold value in the last 6 months: IDR -8,735.9 billion
• Foreign holders had been net selling 2 months out of the last 6 months time period

Green Flags

• Top and bottom line has been increasing at an average rate of 38.9% and 44.6% for 4 consecutive quarters
• Current EBITDA 495.5 B is sufficient to cover current Interest Exp -41.9 B
• Total EBITDA 1,516.4 B is sufficient to cover Total Interest Exp -187.6 B in the last 7 quarters
• 6 months Net Profit growing 242.0% compared to last year

Red Flags

• Significant Non-Operating Loss: -12.9% of Revenue in latest Q1 '25 quarter
• Significant Non-Operating Loss: -56.3% of Net Income in latest Q1 '25 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 1.3x with an avg of 1.5x over 7 quarters

Red Flags

• Annual avg shares o/s increase: 13.7%
• In the last 4 quarters: 2 occurence of Receivables growing 14.7x of Sales growth

Green Flags

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

Red Flags