Financial Analysis Center

Green Flags

• There were 5 names of substantial holders buying
• Top 3 buyers were: ['Pandu Patria Sjahrir', 'Dicky Yordan', 'Alvin Firman Sunanda']
• Total bought value in the last 6 months: IDR 37.3 billion
• 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 4.6x --> heavy shareholder selling, beware of stock overhang!
• There were 4 names of substantial holders selling
• Top 3 sellers were: ['Bintang Bara B.V.', 'Highland Strategic Holdings PT. . Ltd.', 'Toba Sejahtra, Pt']
• Total sold value in the last 6 months: IDR -298.3 billion
• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +5.47%
• In the last 6 months: out of 45,168 million shares sold: 69 million shares came from Foreign holders
• Foreign holders had been net selling 4 months out of the last 6 months time period

Green Flags

Red Flags

• Multiple quarters of (-) Net Income
• Current EBITDA -0.3 B insufficient to cover current Interest Exp -65.8 B
• Total EBITDA 908.3 B insufficient to cover Total Interest Exp -1,006.8 B in the last 7 quarters
• Negative Turnaround detected: 6 months Net Profit last year become Net Loss this year which fell -550.0%

Green Flags

• Current Ratio: 1.2x with an avg of 1.6x over 7 quarters

Red Flags

• Increasing DER for 4 consecutive quarters

Green Flags

Red Flags

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