PENENTUAN NILAI WAJAR SAHAM PT MARTINA BERTO PADA SAAT INITIAL PUBLIC OFFERING TAHUN 2011
This research aims to determine the stock fair value of PT Martina Berto in the framework of the Initial Public Offering (IPO) by comparing the results of this research, the value at the time of the IPO and the market value has occurred. The data used are secondary data obtained from various sources...
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| Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2011
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| author | , Anna Maria, S.Sos. , Dr. Mamduh M. Hanafi, M.B.A, |
| author_facet | , Anna Maria, S.Sos. , Dr. Mamduh M. Hanafi, M.B.A, |
| author_sort | , Anna Maria, S.Sos. |
| collection | UGM |
| description | This research aims to determine the stock fair value of PT Martina Berto
in the framework of the Initial Public Offering (IPO) by comparing the results of
this research, the value at the time of the IPO and the market value has occurred.
The data used are secondary data obtained from various sources. The data
consist of financial statements PT Martina Berto years 2007-2010, growth rate of
economic Indonesia, risk free rate, market risk premium, beta�s comparison
company, and the stock market price data. Analysis tool used is the discounted
cash flow method (DCF Method). Implementation of the assessment begins by
projecting financial statements based on estimates of net sales growth rate, which
is followed by calculating the total free cash flow, including cash flow projection,
terminal cash flow and terminal value.
The calculation of the discount rate is based on a risk-free interest rate is
6.50 percent, market risk premium is 7 percent, β is 0.87, while the cost of debt is
11.25 percent and debt ratio is 26.12 percent. The discount rate is used to make
the total free cash flow into present value. From the results obtained by the
estimated value of the company is Rp334.634.393.128,-, the estimated equity
value Rp309.350.500.386,- the fair value of the shares of PT Martina Berto are at
intervals of Rp572,- to Rp871,- and the results of the reconciliation of the value
obtained by the price per share is Rp722, - thus the current share price indicates
the value of the shares are undervalued. |
| first_indexed | 2024-03-13T22:11:31Z |
| format | Thesis |
| id | oai:generic.eprints.org:90778 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:11:31Z |
| publishDate | 2011 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:907782014-08-20T02:50:24Z https://repository.ugm.ac.id/90778/ PENENTUAN NILAI WAJAR SAHAM PT MARTINA BERTO PADA SAAT INITIAL PUBLIC OFFERING TAHUN 2011 , Anna Maria, S.Sos. , Dr. Mamduh M. Hanafi, M.B.A, ETD This research aims to determine the stock fair value of PT Martina Berto in the framework of the Initial Public Offering (IPO) by comparing the results of this research, the value at the time of the IPO and the market value has occurred. The data used are secondary data obtained from various sources. The data consist of financial statements PT Martina Berto years 2007-2010, growth rate of economic Indonesia, risk free rate, market risk premium, beta�s comparison company, and the stock market price data. Analysis tool used is the discounted cash flow method (DCF Method). Implementation of the assessment begins by projecting financial statements based on estimates of net sales growth rate, which is followed by calculating the total free cash flow, including cash flow projection, terminal cash flow and terminal value. The calculation of the discount rate is based on a risk-free interest rate is 6.50 percent, market risk premium is 7 percent, β is 0.87, while the cost of debt is 11.25 percent and debt ratio is 26.12 percent. The discount rate is used to make the total free cash flow into present value. From the results obtained by the estimated value of the company is Rp334.634.393.128,-, the estimated equity value Rp309.350.500.386,- the fair value of the shares of PT Martina Berto are at intervals of Rp572,- to Rp871,- and the results of the reconciliation of the value obtained by the price per share is Rp722, - thus the current share price indicates the value of the shares are undervalued. [Yogyakarta] : Universitas Gadjah Mada 2011 Thesis NonPeerReviewed , Anna Maria, S.Sos. and , Dr. Mamduh M. Hanafi, M.B.A, (2011) PENENTUAN NILAI WAJAR SAHAM PT MARTINA BERTO PADA SAAT INITIAL PUBLIC OFFERING TAHUN 2011. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=53281 |
| spellingShingle | ETD , Anna Maria, S.Sos. , Dr. Mamduh M. Hanafi, M.B.A, PENENTUAN NILAI WAJAR SAHAM PT MARTINA BERTO PADA SAAT INITIAL PUBLIC OFFERING TAHUN 2011 |
| title | PENENTUAN NILAI WAJAR SAHAM PT MARTINA BERTO
PADA SAAT INITIAL PUBLIC OFFERING
TAHUN 2011 |
| title_full | PENENTUAN NILAI WAJAR SAHAM PT MARTINA BERTO
PADA SAAT INITIAL PUBLIC OFFERING
TAHUN 2011 |
| title_fullStr | PENENTUAN NILAI WAJAR SAHAM PT MARTINA BERTO
PADA SAAT INITIAL PUBLIC OFFERING
TAHUN 2011 |
| title_full_unstemmed | PENENTUAN NILAI WAJAR SAHAM PT MARTINA BERTO
PADA SAAT INITIAL PUBLIC OFFERING
TAHUN 2011 |
| title_short | PENENTUAN NILAI WAJAR SAHAM PT MARTINA BERTO
PADA SAAT INITIAL PUBLIC OFFERING
TAHUN 2011 |
| title_sort | penentuan nilai wajar saham pt martina berto pada saat initial public offering tahun 2011 |
| topic | ETD |
| work_keys_str_mv | AT annamariassos penentuannilaiwajarsahamptmartinabertopadasaatinitialpublicofferingtahun2011 AT drmamduhmhanafimba penentuannilaiwajarsahamptmartinabertopadasaatinitialpublicofferingtahun2011 |