Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 32.6x --> heavy shareholder buying
• Foreign holders had been net buying 2 months out of the last 6 months time period

Red Flags

• Within 6 months timeframe: total Sold value compared to average transaction value is 40.9x --> heavy shareholder selling, beware of stock overhang!
• There were 3 names of substantial holders selling
• Top 3 sellers were: ['Ryanto Husodo', 'Suryaprana Nutrisindo Pt', 'Hendra']
• Total sold value in the last 6 months: IDR -5.7 billion
• There were: 2x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.07%
• In the last 6 months: out of 56 million shares sold: 0 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 9.7 B is sufficient to cover current Interest Exp -0.1 B
• Total EBITDA 64.5 B is sufficient to cover Total Interest Exp -0.9 B in the last 7 quarters
• 6 months Net Profit growing 219.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income
• Significant Non-Operating Income: 5.2% of Revenue in latest Q1 '25 quarter

Green Flags

• Decreasing DER for 4 consecutive quarters
• Current Ratio: 10.7x with an avg of 7.5x over 7 quarters
• No buildup of inventory and receivables in the balance sheet (current).
• No buildup of inventory and receivables in the last 2 quarters

Red Flags

• Annual avg shares o/s increase: inf%

Green Flags

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

Red Flags