Financial Analysis Center

Green Flags

• There were 5 names of substantial holders buying
• Top 3 buyers were: ['Yentoro', 'Ronald Adrianta', 'David Yamanto']
• Total bought value in the last 6 months: IDR 0.3 billion
• There were: 2x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.16%
• In the last 6 months: out of 173 million shares bought: 1 million shares came from Foreign holders
• 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 4.3x --> heavy shareholder selling, beware of stock overhang!
• Foreign holders had been net selling 3 months out of the last 6 months time period

Green Flags

• Current EBITDA 1.6 B is sufficient to cover current Interest Exp -0.9 B
• Total EBITDA 10.2 B is sufficient to cover Total Interest Exp -6.2 B in the last 7 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Negative Turnaround detected: 6 months Net Profit last year become Net Loss this year which fell -267.0%

Green Flags

Red Flags

• Annual avg shares o/s increase: 8.3%
• Current Ratio < 1x --> weak balance sheet

Green Flags

Red Flags

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