Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 39.6x --> heavy shareholder buying
• There were 2 names of substantial holders buying
• Top 2 buyers were: ['PT. Indoritel Makmur Internasional Tbk', 'PT. Gelael Pratama']
• Total bought value in the last 6 months: IDR 40.7 billion
• There were: 1x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -1.7%
• In the last 6 months: out of 7,690 million shares bought: 0 million shares came from Foreign holders

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 16.0x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['Bbh Luxembourg S/A Fidelity Fd Sicav, Fd Fds Pac Fd', 'Treasury Shares']
• Total sold value in the last 6 months: IDR -16.4 billion
• Foreign holders had been net selling 6 months out of the last 6 months time period

Green Flags

• Current EBITDA 53.4 B is sufficient to cover current Interest Exp -30.2 B
• 6 months Net Loss decreasing -40.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income
• Total EBITDA -448.5 B insufficient to cover Total Interest Exp -180.3 B in the last 7 quarters

Green Flags

Red Flags

• Increasing DER for 4 consecutive quarters
• Current Ratio < 1x --> weak balance sheet

Green Flags

Red Flags

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