ANALISIS NILAI PASAR WAJAR SAHAM PT. WIJAYA KARYA (PERSERO) TBK. TERKAIT RENCANA HOLDING COMPANY BUMN TAHUN 2011
This research aims to estimate the intrinsic value of WIKA share associated with the holding company plan with several BUMN by using discounted cash flow method and relative valuation. This research also used data of WIKA financial statement�s during the last five year from 2006 until 2010, compar...
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| Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2012
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| author | , Eka Anla Kumaratih, S.E. , Dr. Mamduh M. Hanafi, MBA, |
| author_facet | , Eka Anla Kumaratih, S.E. , Dr. Mamduh M. Hanafi, MBA, |
| author_sort | , Eka Anla Kumaratih, S.E. |
| collection | UGM |
| description | This research aims to estimate the intrinsic value of WIKA share associated
with the holding company plan with several BUMN by using discounted cash
flow method and relative valuation. This research also used data of WIKA
financial statement�s during the last five year from 2006 until 2010, comparable
companies financial statements in 2010, stock price, risk free rate and other
supporting data.
Method analysis of discounted cash flow conducted by : sales or earnings
projection analysis, financial statement projection, free cash flow projection,
discount rate determination and value estimation. Analysis of the comparative
approach (relative valuation) begins with a search for comparable companies in
similar field of business subsequently select and assign the appropriate multiples
or ratios of comparable companies. This multiples used to convert a relevant book
value variable from WIKA become an estimation of market value. Multiples or
ratio which used were : PER (Price Earning Ratio), PBV (Price to Book Value)
and P/S (Price to Sales Ratio).
The result from this research by using discounted cash flow method
obtained an intrinsic value estimation of WIKA share per December 31, 2010 at
Rp546,45. Result by using relative valuation obtained the following result : for the
estimation of stocks price per share WIKA by using PER equal to Rp574,10,
using PBV ratio equal to Rp317,61 and using price to sales ratio equal to
Rp560,76. The mean from this three method equal to Rp484,15. Based on this
both approaching, price of WIKA share at this time possibility of overvalued. |
| first_indexed | 2024-03-13T22:42:14Z |
| format | Thesis |
| id | oai:generic.eprints.org:100355 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:42:14Z |
| publishDate | 2012 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:1003552016-03-04T08:46:27Z https://repository.ugm.ac.id/100355/ ANALISIS NILAI PASAR WAJAR SAHAM PT. WIJAYA KARYA (PERSERO) TBK. TERKAIT RENCANA HOLDING COMPANY BUMN TAHUN 2011 , Eka Anla Kumaratih, S.E. , Dr. Mamduh M. Hanafi, MBA, ETD This research aims to estimate the intrinsic value of WIKA share associated with the holding company plan with several BUMN by using discounted cash flow method and relative valuation. This research also used data of WIKA financial statement�s during the last five year from 2006 until 2010, comparable companies financial statements in 2010, stock price, risk free rate and other supporting data. Method analysis of discounted cash flow conducted by : sales or earnings projection analysis, financial statement projection, free cash flow projection, discount rate determination and value estimation. Analysis of the comparative approach (relative valuation) begins with a search for comparable companies in similar field of business subsequently select and assign the appropriate multiples or ratios of comparable companies. This multiples used to convert a relevant book value variable from WIKA become an estimation of market value. Multiples or ratio which used were : PER (Price Earning Ratio), PBV (Price to Book Value) and P/S (Price to Sales Ratio). The result from this research by using discounted cash flow method obtained an intrinsic value estimation of WIKA share per December 31, 2010 at Rp546,45. Result by using relative valuation obtained the following result : for the estimation of stocks price per share WIKA by using PER equal to Rp574,10, using PBV ratio equal to Rp317,61 and using price to sales ratio equal to Rp560,76. The mean from this three method equal to Rp484,15. Based on this both approaching, price of WIKA share at this time possibility of overvalued. [Yogyakarta] : Universitas Gadjah Mada 2012 Thesis NonPeerReviewed , Eka Anla Kumaratih, S.E. and , Dr. Mamduh M. Hanafi, MBA, (2012) ANALISIS NILAI PASAR WAJAR SAHAM PT. WIJAYA KARYA (PERSERO) TBK. TERKAIT RENCANA HOLDING COMPANY BUMN TAHUN 2011. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=56832 |
| spellingShingle | ETD , Eka Anla Kumaratih, S.E. , Dr. Mamduh M. Hanafi, MBA, ANALISIS NILAI PASAR WAJAR SAHAM PT. WIJAYA KARYA (PERSERO) TBK. TERKAIT RENCANA HOLDING COMPANY BUMN TAHUN 2011 |
| title | ANALISIS NILAI PASAR WAJAR SAHAM
PT. WIJAYA KARYA (PERSERO) TBK.
TERKAIT RENCANA HOLDING COMPANY BUMN
TAHUN 2011 |
| title_full | ANALISIS NILAI PASAR WAJAR SAHAM
PT. WIJAYA KARYA (PERSERO) TBK.
TERKAIT RENCANA HOLDING COMPANY BUMN
TAHUN 2011 |
| title_fullStr | ANALISIS NILAI PASAR WAJAR SAHAM
PT. WIJAYA KARYA (PERSERO) TBK.
TERKAIT RENCANA HOLDING COMPANY BUMN
TAHUN 2011 |
| title_full_unstemmed | ANALISIS NILAI PASAR WAJAR SAHAM
PT. WIJAYA KARYA (PERSERO) TBK.
TERKAIT RENCANA HOLDING COMPANY BUMN
TAHUN 2011 |
| title_short | ANALISIS NILAI PASAR WAJAR SAHAM
PT. WIJAYA KARYA (PERSERO) TBK.
TERKAIT RENCANA HOLDING COMPANY BUMN
TAHUN 2011 |
| title_sort | analisis nilai pasar wajar saham pt wijaya karya persero tbk terkait rencana holding company bumn tahun 2011 |
| topic | ETD |
| work_keys_str_mv | AT ekaanlakumaratihse analisisnilaipasarwajarsahamptwijayakaryaperserotbkterkaitrencanaholdingcompanybumntahun2011 AT drmamduhmhanafimba analisisnilaipasarwajarsahamptwijayakaryaperserotbkterkaitrencanaholdingcompanybumntahun2011 |