Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 2.8x --> shareholder buying detected
• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Jap Astrid Patricia', 'Darmawan Suryadi Sm']
• Total bought value in the last 6 months: IDR 0.3 billion
• There were: 3x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.44%
• In the last 6 months: out of 351 million shares bought: 0 million shares came from Foreign holders
• Foreign holders had been net buying 1 months out of the last 6 months time period

Red Flags

• 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 -1.4 B
• Total EBITDA 33.6 B is sufficient to cover Total Interest Exp -6.7 B in the last 7 quarters

Red Flags

• Multiple quarters of (-) Net Income
• Noise detected, check I/S structure in latest Q2 '25 quarter
• 6 months Net Profit falling -63.0% compared to last year

Green Flags

• Decreasing DER for 4 consecutive quarters

Red Flags

• Annual avg shares o/s increase: 19.3%
• Current Ratio < 1x --> weak balance sheet
• In the last 4 quarters: 3 occurence of Receivables growing 86.4x of Sales growth

Green Flags

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

Red Flags