Financial Analysis Center

Green Flags

• 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 4,508.4x --> heavy shareholder selling, beware of stock overhang!
• There were 5 names of substantial holders selling
• Top 3 sellers were: ['PT. Surya Cipta Inti Cemerlang', 'High Pro Investments Limited', 'Wing Harvest Limited']
• Total sold value in the last 6 months: IDR -8,115.2 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +1.76%
• In the last 6 months: out of 21,541 million shares sold: 0 million shares came from Foreign holders
• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

• Current EBITDA 120.7 B is sufficient to cover current Interest Exp -69.5 B
• Total EBITDA 869.0 B is sufficient to cover Total Interest Exp -339.6 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 -1,126.0%

Green Flags

• Current Ratio: 1.4x with an avg of 0.5x over 7 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• In the last 4 quarters: 2 occurence of Receivables growing infx of Sales growth

Green Flags

Red Flags

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