Analisis Penilaian Harga Wajar Saham PT. BW Plantation dengan Metode Discounted Free Cash Flow To Equiity
| Main Authors: | , Rahadhiono Adi Setyanto, , Dr. Supriyadi, M.Sc. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2013
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/118323/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=58269 |
Daftar Isi:
- Danareksa�s reserach resulted that PT. BW Plantation, Tbk have a rapid growth in 2002 to 2008, this is also reflected in the company�s EBITDA margin greater than it�s competitors. The purpose of this study is to value quantitatively the fair price of Company�s share as of September 30, 2011 using Discounted Cash Flow (�DCF�) method with Free Cash Flow to Equity model. Another purpose is to determine the position of Company�s share price in the maket as of September 30, 2011 (whether undervalued, overvalued or fair valued) by comparing the share�s fair price with its market price. Results shows that the fair price of Company�s share as of September 30, 2011 is at Rp 923,- per share. While the market price of Company�s share as of September 30, 2011 was at Rp 1.060,- per share. It shows that the Company�s share price in the market as of September 30, 2011 was overvalued. Overvalued position of Company�s share price in the market is an indication for investors to sell their shares. Meanwhile, it is not feasible for prospective investors to buy Company�s share at overvalued position.