Financial Analysis Center

Green Flags

• Within 6 months timeframe: total Bought value compared to average transaction value is 50.1x --> heavy shareholder buying
• There were 4 names of substantial holders buying
• Top 3 buyers were: ['PT. Provident Capital Indonesia', 'Garibaldi Thohir', 'Winato Kartono']
• Total bought value in the last 6 months: IDR 13.5 billion
• Foreign holders had been net buying 4 months out of the last 6 months time period

Red Flags

• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +0.02%
• In the last 6 months: out of 315 million shares sold: 1 million shares came from Foreign holders
• Foreign holders had been net selling 2 months out of the last 6 months time period

Green Flags

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA -8.5 B insufficient to cover current Interest Exp -93.4 B
• Total EBITDA -85.5 B insufficient to cover Total Interest Exp -487.8 B in the last 7 quarters
• 6 months Net Loss increasing 52.0% compared to last year

Green Flags

• No buildup of inventory and receivables in the balance sheet (current).
• No buildup of inventory and receivables in the last 2 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 28.6%
• Shares o/s increased by 115.1% in the last 3 yrs
• Current Ratio < 1x --> weak balance sheet

Green Flags

Red Flags

• Negative Net Profit and Operating CF