ESTIMASI NILAI PASAR WAJAR SAHAM PT PERKEBUNAN NUSANTARA (PTPN IV) DALAM RANGKA INITIAL PUBLIC OFFERING (IPO) TAHUN 2012
| Main Authors: | , Ady Ramon, , Prof. Dr. Eduardus Tandelilin, M.B.A., |
|---|---|
| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2012
|
| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/97505/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=54199 |
| ctrlnum |
97505 |
|---|---|
| fullrecord |
<?xml version="1.0"?>
<dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><relation>https://repository.ugm.ac.id/97505/</relation><title>ESTIMASI NILAI PASAR WAJAR SAHAM
PT PERKEBUNAN NUSANTARA (PTPN IV)
DALAM RANGKA INITIAL PUBLIC OFFERING (IPO)
TAHUN 2012</title><creator>, Ady Ramon</creator><creator>, Prof. Dr. Eduardus Tandelilin, M.B.A.,</creator><subject>ETD</subject><description>This study aims to estimate the fair market value of stock of PT Perkebunan
Nusantara (PTPN) IV for the plan of its initial public offering in 2012. This study
used discounted cash flow method with free cash flow to equity model, relative
valuation and Residual Income Method with Economic Profit Model. The data used
consist of the financial statements of PTPN IV past five years from 2006 until 2010.
Multiple used in Relative Valuation are: PER (Price Earning Ratio), PBV (Price to
Book Value), and Price to Sales (P/S) Ratio.
The results using the discounted cash flow method with free cash flow to
equity model derived the equity value estimation of PTPN IV per January 1, 2012
amounted to Rp9.736.463.345.408,33, while the estimated value of stock based on
the relative valuation of Rp7.494.791.292.749,43 by using the Price Earning Ratio
(PER), Rp8.884.302.000.138,31 by using the Price to Book Value (PBV) and
Rp14.747.027.697.790,20 by using P/S Ratio. The result using Residual Income
Method with Economic Profit Model is Rp9.845.354.449.559,65. All the result
reconciliated by giving different weights to the value generated by each method used
that derived Rp9.966.248.327.306,59. The range that can be offered at the time of its
initial public offering of 9.218.779.702.758,60 �Rp10.713.716.951.854,60.
Keywords: fair market value of stock, discounted cash flow, free cash flow to equity, relative valuation, residual income method, economic profit model</description><publisher>[Yogyakarta] : Universitas Gadjah Mada</publisher><date>2012</date><type>Thesis:Thesis</type><type>PeerReview:NonPeerReviewed</type><identifier> , Ady Ramon and , Prof. Dr. Eduardus Tandelilin, M.B.A., (2012) ESTIMASI NILAI PASAR WAJAR SAHAM PT PERKEBUNAN NUSANTARA (PTPN IV) DALAM RANGKA INITIAL PUBLIC OFFERING (IPO) TAHUN 2012. UNSPECIFIED thesis, UNSPECIFIED. </identifier><relation>http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=54199</relation><recordID>97505</recordID></dc>
|
| format |
Thesis:Thesis Thesis PeerReview:NonPeerReviewed PeerReview |
| author |
, Ady Ramon , Prof. Dr. Eduardus Tandelilin, M.B.A., |
| title |
ESTIMASI NILAI PASAR WAJAR SAHAM
PT PERKEBUNAN NUSANTARA (PTPN IV)
DALAM RANGKA INITIAL PUBLIC OFFERING (IPO)
TAHUN 2012 |
| publisher |
[Yogyakarta] : Universitas Gadjah Mada |
| publishDate |
2012 |
| topic |
ETD |
| url |
https://repository.ugm.ac.id/97505/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=54199 |
| contents |
This study aims to estimate the fair market value of stock of PT Perkebunan
Nusantara (PTPN) IV for the plan of its initial public offering in 2012. This study
used discounted cash flow method with free cash flow to equity model, relative
valuation and Residual Income Method with Economic Profit Model. The data used
consist of the financial statements of PTPN IV past five years from 2006 until 2010.
Multiple used in Relative Valuation are: PER (Price Earning Ratio), PBV (Price to
Book Value), and Price to Sales (P/S) Ratio.
The results using the discounted cash flow method with free cash flow to
equity model derived the equity value estimation of PTPN IV per January 1, 2012
amounted to Rp9.736.463.345.408,33, while the estimated value of stock based on
the relative valuation of Rp7.494.791.292.749,43 by using the Price Earning Ratio
(PER), Rp8.884.302.000.138,31 by using the Price to Book Value (PBV) and
Rp14.747.027.697.790,20 by using P/S Ratio. The result using Residual Income
Method with Economic Profit Model is Rp9.845.354.449.559,65. All the result
reconciliated by giving different weights to the value generated by each method used
that derived Rp9.966.248.327.306,59. The range that can be offered at the time of its
initial public offering of 9.218.779.702.758,60 �Rp10.713.716.951.854,60.
Keywords: fair market value of stock, discounted cash flow, free cash flow to equity, relative valuation, residual income method, economic profit model |
| id |
IOS2744.97505 |
| institution |
Universitas Gadjah Mada |
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19 |
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library:university library |
| library |
Perpustakaan Pusat Universitas Gadjah Mada |
| library_id |
488 |
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UGM Repository |
| repository_id |
2744 |
| subject_area |
Karya Umum |
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SLEMAN |
| province |
DAERAH ISTIMEWA YOGYAKARTA |
| repoId |
IOS2744 |
| first_indexed |
2016-09-14T18:28:56Z |
| last_indexed |
2016-09-22T21:42:54Z |
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dc |
| _version_ |
1765816347512537088 |
| score |
17.538404 |