Financial Analysis Center

Green Flags

• 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 8.1x --> heavy shareholder selling, beware of stock overhang!
• There were 2 names of substantial holders selling
• Top 2 sellers were: ['PT. Madinah Iman Wisata', 'PT. Abraha Jaya Investama']
• Total sold value in the last 6 months: IDR -16.6 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +5.55%
• In the last 6 months: out of 13,699 million shares sold: 6 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 37.7 B is sufficient to cover current Interest Exp -6.3 B
• Total EBITDA 66.5 B is sufficient to cover Total Interest Exp -17.2 B in the last 7 quarters

Red Flags

• Multiple quarters of (-) Net Income

Green Flags

• Current Ratio: 2.1x with an avg of 6.1x over 7 quarters

Red Flags

• Increasing DER for 4 consecutive quarters

Green Flags

Red Flags

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