Financial Analysis Center

Green Flags

• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Nyauw Farida Ak', 'Arief Sugiyo']
• Total bought value in the last 6 months: IDR 0.7 billion
• There were: 1x monthly occurence of decrease in public holding --> buying activity
• Net public holding change within the past 6 months: -0.21%
• In the last 6 months: out of 289 million shares bought: 16 million shares came from Foreign holders
• Foreign holders had been net buying 3 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 1.3 B is sufficient to cover current Interest Exp -0.5 B
• Total EBITDA 5.4 B is sufficient to cover Total Interest Exp -3.8 B in the last 7 quarters
• 6 months Net Loss decreasing -42.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income

Green Flags

• Current Ratio: 1.4x with an avg of 1.5x over 7 quarters

Red Flags

• In the last 4 quarters: 1 occurence of Receivables growing 4.0x of Sales growth

Green Flags

Red Flags

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