ANALISIS NILAI INTRINSIK SAHAM PT. PERUSAHAAN GAS NEGARA (PERSERO) TBK. TERKAIT KEBIJAKAN OPEN ACCESS TAHUN 2013
| Main Authors: | , Muhamad Christian, , Ertambang Nahartyo, M.Sc., Ph.D. CMA. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2014
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/130046/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=70457 |
Daftar Isi:
- This study aims to analyze the intrinsic value of the stock PT Perusahaan Gas Negara (Persero), Tbk. associated with the implementation of open access policy. Because up to now there is no certainty regarding the implementation of the policy, the company�s equity value calculation performed on two conditions, if there is no change in policy and if open access policy applies. The resulting difference in the two values will reflect the impact of open access policy to the value of the equity and the value of the company shares. The data used in this study is a financial statement PT Perusahaan Gas Negara (Persero), Tbk. and Indonesian gas market conditions. The analytical tool used is the discounted cash flow � free cash flow to equity dan economic profit method. The result show that the implementation of open access policy will result in a decrease in the value of shares of the company, if there is no change in policy on the company, the intrinsic value of the stock is Rp4.842 whereas if open access policy applies, the intrinsic value of the stock will decrease to Rp4.388.