Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 28.8x --> heavy shareholder buying
• Foreign holders had been net buying 3 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 133.5x --> heavy shareholder selling, beware of stock overhang!
• There were 3 names of substantial holders selling
• Top 3 sellers were: ['Yeti Sopandi', 'PT. Esta Utama Corpora', 'PT. Bartley Sejahtera Investama']
• Total sold value in the last 6 months: IDR -24.0 billion
• There were: 2x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.88%
• In the last 6 months: out of 2,134 million shares sold: 1 million shares came from Foreign holders
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• Current EBITDA 4.6 B is sufficient to cover current Interest Exp -2.8 B
• Total EBITDA 32.3 B is sufficient to cover Total Interest Exp -15.9 B in the last 7 quarters

Red Flags

• Multiple quarters of (-) Net Income
• 6 months Net Loss increasing 108.0% compared to last year

Green Flags

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 6.6%
• Current Ratio < 1x --> weak balance sheet
• In the last 4 quarters: 3 occurence of Receivables growing 4.3x of Sales growth

Green Flags

Red Flags

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