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Journal articles on the topic 'Intrinsic Value of Shares I'

Author: Grafiati

Published: 5 June 2025

Last updated: 2 August 2025

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1

Ega, Rusmawati, Aryanti, Husnaini, and Rafiqa Assaf. "Stock Valuation Analysis using the Dividend Discounted Model Method in Meta Platforms, Inc. Companies." Formosa Journal of Applied Sciences 2, no. 8 (2023): 1849–60. http://dx.doi.org/10.55927/fjas.v2i8.5334.

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This study aims to find the intrinsic value of the stock price of the Meta Platforms company. The data collection method uses documentation. The researcher's analytical method is quantitative analysis by calculating the intrinsic value of the stock. The average intrinsic value of the shares exceeds the market price of the shares in the company Meta Platforms, Inc. 2021, namely the intrinsic value of the shares is 384.83 while the market value is 329.22. Under these conditions, the shares of the Meta Platforms, Inc. 2021 Company are in an undervalued condition. From the results of the compariso

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Dukalang, Hendra, Wiwin Koni, and Nhayu Cahya Mokoagow. "Comparison of Dividend Discount Model With Free Cash Flow To Firms For Valuation of Banking Stocks Listed in Jakarta Islamic Index (JII) Period 2016-2020." IQTISHADUNA 12, no. 2 (2021): 278–85. http://dx.doi.org/10.20414/iqtishaduna.v12i2.4468.

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This study aims to find out and analyze the fair value of stocks and stock conditions in banking companies using dividend discount model (DDM) and free cash flow to firms (FCFF) during the 2016 – 2020 period. The population is in research in as many as 70 companies. Determination of samples with purposive sampling techniques, so that the samples obtained by 2 companies. The data used is secondary data and calculations by using Microsoft Excel 2016 application. The results showed that of the 2 banking companies listed in JII, bris and BTPS shares have different intrinsic values. Valuation Resul

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Lestari, Nurni Arrina, Antony Antony, and Alhidayatullah Alhidayatullah. "Evaluation Of Stock Through Fundamental Analysis With The Dividend Discount Model (DDM) Approach." International Journal of Indonesian Business Review 2, no. 1 (2023): 85–95. http://dx.doi.org/10.54099/ijibr.v2i1.499.

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The goal of this research is to determine the fairness of stock prices by looking at the intrinsic value of shares in the healthcare industry from 2017 to 2021. Investors use this assessment of the fairness of the share price to choose whether to sell, hold, or purchase shares. The Dividend Discounted Model (DDM) with a Constant Growth Model was used for the analysis. The Dividend Discounted Model (DDM) is used to compare the stock's intrinsic value to its market value to determine the intrinsic value of shares. This value is calculated by anticipating future dividend payments. The Healthcare

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Dinarjito, Agung, and Dinar Arisandy. "KESEHATAN KEUANGAN DAN VALUASI BJBR MENGGUNAKAN RISK BASED BANK RATING METHOD." Jurnal Pajak dan Keuangan Negara (PKN) 3, no. 1 (2021): 197–208. http://dx.doi.org/10.31092/jpkn.v3i1.1327.

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The COVID-19 pandemic has given an impact on the health of banks in Indonesia, one of which is the West Java and Banten Bank (BJBR). This study aims to assess the health of BJBR before and during the covid-19 pandemic and to find the intrinsic value of BJBR shares that can be used as an evaluation of the company's performance. This research is a descriptive quantitative research. BJBR health analysis was carried out using the Risk Based Rating or RGEC and the intrinsic value analysis was carried out using the Dividend Discount Model (DDM). The authors used data from the 2018-2020 of BJBR finan

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Sastra, Dwi Puja, Christimulia Purnama Trimurti, Yeyen Komalasari, and R. Tri Priyono Budi Santoso. "The Analysis of TBIG Stock Fair Value Using the Free Cash Flow to Equity and Relative Valuation Methods." Journal La Sociale 6, no. 3 (2025): 799–809. https://doi.org/10.37899/journal-la-sociale.v6i3.1855.

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This study aims to estimate the fair value of PT Tower Bersama Group Tbk shares using the Free Cash Flow to Equity and Relative Valuation methods. It compares both methods to determine which is more accurate and assesses the risk or accuracy of the current TBIG share purchase price that investors may pay. This study uses a quantitative descriptive methodology with a case study approach. Based on this methodology, it describes in detail the characteristics and phenomena present in PT Tower Bersama Infrastructure Tbk, specifically regarding the analysis of fair stock prices using the Free Cash F

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Fajri, Mega Barokatul, Elliv Hidayatul Lailiyah, Noer Rafikah Zulyanti, Imran Syah, and Ellen D. Oktanti. "An Evaluation of Stock Fair Value Using Fundamental and Technical Analysis with DDM and PER Approaches." RIGGS: Journal of Artificial Intelligence and Digital Business 4, no. 2 (2025): 2758–69. https://doi.org/10.31004/riggs.v4i2.930.

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For an investor, it is very important to conduct a stock valuation before making a transaction because stock valuation is a form of rationalization for an investor in making investment decisions. The purpose of this study itself is to evaluate the intrinsic value of PT Indofood Sukses Makmur Tbk (INDF) shares using two approaches, namely fundamental analysis and technical analysis. In fundamental analysis, economic, industry, and company analyses are carried out. The fundamental analysis methods used are the dividend discount model (DDM) and price-earnings ratio (PER), while technical analysis

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Gaffar, Samsu, and Andi Tenri Uleng Akal. "Combination of Fundamental and Technical Analysis of Shares: Revealing the Profit Potential in the Stock Market of PT. United Tractors, Tbk." Golden Ratio of Finance Management 2, no. 2 (2022): 108–19. http://dx.doi.org/10.52970/grfm.v2i2.57.

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This research aims to conduct a comprehensive analysis of PT. United Tractors, Tbk shares using a top-down approach, which includes macroeconomic analysis, industry analysis, and company analysis. Additionally, the study aims to determine the intrinsic value of the shares through the Relative Valuation Techniques method and provide suitable recommendations for investors regarding whether to buy, hold, or sell the company's shares. The macroeconomic analysis revealed fluctuations in indicators such as Gross Domestic Product (GDP), inflation, interest rates, money supply, and exchange rate growt

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Candra, Revi, Elmiliyani Wahyuni-S, and Nailatul Hanifah. "SHARE VALUE DIFFERENCES PT. KIMIA FARMA TBK TOWARDS THE ACQUISITION OF SHARE EVENTS IN PT. PHAPROS TBK." Jurnal Akuntansi 11, no. 3 (2021): 247–58. http://dx.doi.org/10.33369/j.akuntansi.11.3.247-258.

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TThis study aims to determine whether there is a difference in the value of the shares of PT. Kimia Farma Tbk. after the acquisition of PT. Phapros Tbk. The data used is the value of shares consisting of book value, market value, and the intrinsic value of shares of PT. Kimia Farma Tbk, which was taken ten months before the acquisition of PT. Phapros Tbk. by PT Kimia Farma Tbk. This study is a comparative study with a quantitative descriptive approach, data analysis using the Wilcoxon signed-rank test. The results of this study indicate that the book value of PT. Kimia Farma Tbk. which has a s

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Marli, Marli, and Widanarni Pujiastuti. "PRICE EARNING RATIO (PER) DAN NILAI WAJAR SAHAM: EVALUASI KRITIS DALAM INVESTASI (Studi Pada Saham PT Kalbe Farma Tbk, Periode 2019-2023)." Dinamika Ekonomi: Jurnal Ekonomi dan Bisnis 18, no. 1 (2025): 92–106. https://doi.org/10.53651/jdeb.v18i1.576.

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This study aims to evaluate the fair value of PT Kalbe Farma Tbk (KLBF) shares using the Price Earning Ratio (PER) approach as one of the stock valuation methods commonly used in investment analysis. This method is carried out by calculating the estimated intrinsic value of shares based on the multiplication of the estimated Earnings Per Share (EPS) and the average PER industry. The data used include EPS, profit growth rate, and stock market price during the period 2019 to 2023. The results of the analysis show that for five consecutive years, KLBF shares have been undervalued, where the intri

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El Ibrami, Hassan, and Saidatou Dicko. "“Intrinsic Value vs. Market Value: An Empirical Mean-Reversion-Based Study”." International Journal of Accounting and Financial Reporting 2, no. 2 (2012): 257. http://dx.doi.org/10.5296/ijafr.v2i2.2703.

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The market very often overestimates financial assets because of speculation. This makes it difficult to determine the proper value of a company. We believe that intrinsic value should be used to make an accurate assessment. Hence, financial statements data should be used to determine the value of a company. The main purpose of this paper is to measure the performance of a mean reversion structural model in pricing shares. The model was developed by El Ibrami and Naciri (2012). The market is used as a benchmark to determine the performance of the model analyzed. The results of the study show th

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Arfa, Arfa, and Budi Efriadi. "Analisis Fundamental terhadap Saham Syariah dalam Memutuskan Berinvestasi di Saham yang Listing di Indeks Saham Syariah Indonesia." AL-Muqayyad 5, no. 1 (2022): 42–59. http://dx.doi.org/10.46963/jam.v5i1.568.

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The purpose of this article is to find out the fundamental analysis of the Indonesian Sharia Stock Index by observing and observing stock price movements. This type of quantitative research uses secondary data, financial statement analysis is taken through the official website www.idx.co.id. Data analysis using the Simple Moving Average and Relative Strength Index methods, with the approach of Price Earning Ratio (PER) and Price Book Value (PBV). The data is used in 2016-2019 as the object of research on Xl Axiata shares and Indofood CBP Sukses Makmur shares. The results of Indonesia's macroec

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St. Hasnia, Amiruddin Tawe, Nurman Nurman, Anwar Anwar, and Muhammad Ichwan Musa. "Penggunaan Price Earning Ratio Dan Price To Book Value Sebagai Dasar Pengambilan Keputusan Investasi Saham (Studi Pada Perusahaan Sub Sektor Batubara Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2020-2022)." CEMERLANG : Jurnal Manajemen dan Ekonomi Bisnis 3, no. 4 (2023): 300–312. http://dx.doi.org/10.55606/cemerlang.v3i4.1928.

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The aim of this research is to determine the application of the Price Earning Ratio and Price to Book Value as a basis for making stock investment decisions in coal sub-sector companies listed on the IDX for the 2020-2022 period. The population in this study are coal sub-sector companies listed on the IDX in 2020-2022. Sampling used a purposive sampling technique and eight company samples were obtained. Data collection techniques use documentation. Data analysis techniques use PER and PBV. The results of this research show that based on intrinsic value calculations using PER and compared with

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Wibowo, Ardy Indra Lekso, Aditya Dwiansyah Putra, Murni Sari Dewi, and Denny Oktaviana Radianto. "Differences In Intrinsic Value With Stock Market Prices Using The Price Earning Ratio (Per) Approach As An Investment Decision Making Indicator (Case Study Of Manufacturing Companies In Indonesia Period 2016 - 2017)." Aptisi Transactions On Technopreneurship (ATT) 1, no. 1 (2019): 82–92. http://dx.doi.org/10.34306/att.v1i1.23.

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An investor must be able to consider all kinds of steps that will be taken or that will be carried out, assessing stocks - shares that will provide optimal benefits in making an investment decision. By analyzing the intrinsic value of the price of a company's stock, investors can assess the fairness of the stock price. The method used to analize intrinsic value is fundamental analysis using the Price Earning Ratio (PER) approach. The samples to be taken in this research are manufacturing companies in Indonesia which are listed on the Indonesia Stock Exchange (IDX) for the period 2016 - 2017 wi

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Putra, Ardy Indra Lekso Wibowo, Aditya Dwiansyah Putra, Murni Sari Dewi, and Denny Oktavina Radianto. "Differences In Intrinsic Value With Stock Market Prices Using The Price Earning Ratio (Per) Approach As An Investment Decision Making Indicator (Case Study Of Manufacturing Companies In Indonesia Period 2016 - 2017)." Aptisi Transactions On Technopreneurship (ATT) 1, no. 1 (2019): 82–92. http://dx.doi.org/10.34306/att.v1i1.61.

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An investor must be able to consider all kinds of steps that will be taken or that will be carried out, assessing stocks - shares that will provide optimal benefits in making an investment decision. By analyzing the intrinsic value of the price of a company's stock, investors can assess the fairness of the stock price. The method used to analize intrinsic value is fundamental analysis using the Price Earning Ratio (PER) approach. The samples to be taken in this research are manufacturing companies in Indonesia which are listed on the Indonesia Stock Exchange (IDX) for the period 2016 - 2017 wi

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Sami Alasadi, Bushra Mohamed. "Market Risk Premium Drives Fair Value in Iraqi Bank Shares." International Journal on Economics, Finance and Sustainable Development 6, no. 4 (2024): 4–11. http://dx.doi.org/10.31149/ijefsd.v6i4.5269.

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This research investigates the impact of the market risk premium on the fair value of shares in 14 banks listed on the Iraq Stock Exchange, using the CAPM model to estimate the required rate of return. The study addresses the relationship between the risk premium and intrinsic share value, employing statistical analyses including correlation coefficients and regression analyses. Findings reveal a direct, medium-strength relationship between the risk premium and share value, significant at the 0.02 level. The study highlights low return levels and high economic instability in Iraq, leading to d

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Aura Arsyanova, Kirana, Susilo Setiawan, and Nadia Meirani. "Analisis Harga Wajar Saham dengan Metode Benjamin Graham pada Perusahaan Sektor Usaha Pertambangan Batubara yang Listing di Bursa Efek Indonesia (BEI) Tahun 2018-2022." Bandung Conference Series: Business and Management 3, no. 2 (2023): 612–15. http://dx.doi.org/10.29313/bcsbm.v3i2.7729.

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Abstract. The fair price or intrinsic price is stock price of a company. Basically, intrinsic price is the estimated value or estimated value of a stock that is calculated based on the risk with wich it is taken. If the stock price is above fair value, it means that the stock is expensive and if it is sold below fair value, it means that the stock is cheap. The objective of this study is to obtain empirical evidence of the intrinsic value or fair price of shares in the coal mining industry that are listed on the Indonesia Stock Exchange (IDX) between 2018 and 2022. The problems that are formul

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Moch Bahrul Anam, Nur Aini Anisa, and Nur Farida. "Valuasi Saham Dengan Pendekatan Price Earning Ratio Sebagai Dasar Pengambilan Keputusan Investasi." Populer: Jurnal Penelitian Mahasiswa 2, no. 4 (2023): 08–21. http://dx.doi.org/10.58192/populer.v2i4.1321.

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The aim of this research is to determine appropriate investment decisions for infrastructure companies listed on the IDX in 2018–2022, based on intrinsic value calculations using the P/E Ratio (PER) approach. The research method used is quantitative descriptive, using the company's annual financial report data in calculating the company's intrinsic value. This study analyzes ten company stocks, including IPCM, LINK, NRCA, PBSA, POWR, TBIG, TLKM, TOTL, TOWR, and WEGE. The results of this research show that all shares of infrastructure companies selected as research objects are declared underval

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Septiani, Alfania, and Subiakto Soekarno MBA RFA QWP CFP. Dr. "Financial Performance and Valuation Assessment of PT Gudang Garam Tbk in Comparison to PT. Hm Sampoerna and PT. Wismilak Inti Makmur." International Journal of Current Science Research and Review 06, no. 02 (2023): 1181–90. https://doi.org/10.5281/zenodo.7636352.

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Abstract : The Tobacco Products Industry (IHT) remains the primary sector as one of the largest contributors to the national economy through excise. The tobacco or cigarette processing industry amounted to IDR 21.96 trillion in the first quarter of 2022. This value grew 0.98% compared to the same period the previous year (year on year/yoy) of IDR 21.75 trillion. This final task will aim to assess the performance finance PT. Gudang Garam Tbk for the last five years has provided recommendations to PT. Gudang Garam tbk in increasing company profits and sales. Ultimately to achieve management goal

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Daulay, Anggi Anugerah, and Resi Ariyasa Qadri. "State-owned or state-owed? Evaluating divestment returns from PT Vale Indonesia Tbk." Journal of Law, Administration, and Social Science 5, no. 1 (2025): 1–15. https://doi.org/10.54957/jolas.v5i1.794.

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This study endeavors to predict and elucidate the prospective returns on governmental investments in the divestment shares of PT Vale Indonesia Tbk. Financial data were collated through the documentation technique, leveraging annual reports from the company.The financial information was subsequently analyzed employing a quantitative methodology— specifically, the discounted cash flow model—to ascertain the intrinsic value of the firm. The findings indicate that the intrinsic value of PT Vale Indonesia Tbk. surpasses its market price on the stock exchange, suggesting that the investment by the

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Daulay, Anggi Anugerah, and Resi Ariyasa Qadri. "State-Owned Or State-Owed? Evaluating Indonesia'S Divestment Returns From Pt Vale Indonesia Tbk." JOURNAL OF APPLIED MANAGERIAL ACCOUNTING 8, no. 2 (2024): 320–36. https://doi.org/10.30871/jama.v8i2.8491.

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This study endeavors to predict and elucidate the prospective returns on governmental investments in the divestment shares of PT Vale Indonesia Tbk. Financial data were collated through the documentation technique, leveraging annual reports from the company. The financial information was subsequently analyzed employing a quantitative methodology"” specifically, the discounted cash flow model"”to ascertain the intrinsic value of the firm. The findings indicate that the intrinsic value of PT Vale Indonesia Tbk. surpasses its market price on the stock exchange, suggesting that the investment by t

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Alasadi, Bushra Mohamed Sami. "Impact of Market Risk Premium on Share Fair Value." International Journal on Economics, Finance and Sustainable Development 6, no. 4 (2024): 12–20. http://dx.doi.org/10.31149/ijefsd.v6i4.5270.

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This research investigates how the market risk premium influences the fair value of shares traded on the Iraq Stock Exchange using the CAPM model to estimate the required rate of return. The study incorporates the risk-free rate (RF), market portfolio return (RM), and beta-processed risk premium. It addresses the knowledge gap in understanding the risk premium's impact on fair value calculation, a crucial component of the required rate of return. Employing statistical methods, including correlation coefficient measurement and simple and multiple regression analyses, the study demonstrates a si

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Nurwulandari, Andini, and Ririan Safiadi Wahid. "The Effect of Debt-to-Equity Ratio, Return on Asset, Current Ratio, and Total Asset Turnover on Stock Price: The Intervening Effect of Intrinsic Value in Indonesia’s Retail Business." Shirkah: Journal of Economics and Business 9, no. 1 (2023): 1–16. http://dx.doi.org/10.22515/shirkah.v9i1.630.

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This study examines the effect of Debt-to-Equity Ratio (DER), return on assets (ROA), current ratio (CR), and total asset turnover (TATO) on stock prices with their Intrinsic Value as intervening variables in retail companies in Indonesia. Data regarding retail companies were obtained from the Indonesia Stock Exchange, and secondary data on these companies' financial ratios were collected from Stockbit. Stock price data were sourced from Yahoo Finance, and the intrinsic value of shares was determined using the price-to-earning ratio method. Drawing on structural equation modeling, the findings

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Alasadi, Bushra Mohamed Sami. "Impact of Market Risk Premium on Fair Share Value Exploration." International Journal on Economics, Finance and Sustainable Development 6, no. 5 (2024): 19–31. http://dx.doi.org/10.31149/ijefsd.v6i5.5278.

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This research explores the influence of the market risk premium on the fair value of shares traded on the Iraq Stock Exchange, employing the CAPM model to estimate the required rate of return. The CAPM model incorporates the risk-free rate (RF), market portfolio return (RM), and beta-processed risk premium. The study aims to quantify the impact of the risk premium on fair value, a critical component in determining the required rate of return. Statistical analysis, including correlation coefficients and regression analyses, was conducted to examine the relationships among the variables. The res

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Safitri, Dina Aulia. "VALUASI SAHAM UNTUK MENENTUKAN FAIR PRICE DALAM PENGAMBILAN KEPUTUSAN INVESTASI." Contemporary Studies in Economic, Finance and Banking 2, no. 2 (2023): 205–16. http://dx.doi.org/10.21776/csefb.2023.02.2.03.

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Valuation means measuring or identifying the value of the benefits of asset is the root of the stock valuation. Stock valuation is important in making investment decisions because it provides a deep understanding of the intrinsic value of a stock. Through stock valuation research, investors can identify whether a company’s current stock price is below, equal or of above its intrinsic value. By knowing the fair value or fair price of a stock, investors can make more informed decisions about when to buy and sell the stock. This research focuses on PT Bank Negara Indonesia (Persero) Tbk. using th

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Aulia, Nila, Tiara Amelia Putri, and Gideon Setyo Budiwitjaksono. "ANALISIS PENDEKATAN PENGAMBILAN KEPUTUSAN INVESTASI PASAR MODAL DI BEI MENGGUNAKAN PERHITUNGAN PRICE EARNING RATIO (PER)." Jurnal Manajemen, Akuntansi, Ekonomi 1, no. 3 (2022): 27–31. http://dx.doi.org/10.59066/jmae.v1i3.203.

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This research is to find out the decision making of investors in investing in the Capital Market by using the Price Earning Ratio (PER) calculation approach. This study uses a descriptive research method with a quantitative approach. The analysis technique uses data from data collection, data processing, and the results of data analysis as input. In this study using fundamental analysis methodology using the Price Earning Ratio (PER) to determine the condition of the stock market. The research results show that from the results of estimating intrinsic value using the price-earnings ratio metho

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Desman, Hansen Sagala, and Sumirat Erman. "Financial Performance and Stock Valuation of Tobacco Company in Indonesia Stock Exchange (IDX) Amidst the Hike of Excise Tax Rate Period 2017-2021." International Journal of Current Science Research and Review 05, no. 09 (2022): 3581–95. https://doi.org/10.5281/zenodo.7088970.

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<strong>ABSTRACT: </strong>In the tobacco sector, there was a consistent decline in the price of shares outstanding during 2017 - 2021. The consistent decline in stock prices in the market in the tobacco sector initiated the author to analyze the financial performance condition of all companies in the tobacco sector and the stock valuation of companies with the best financial performance compared to other companies. So, it can be concluded that the market price position is now undervalued or still in an overvalued position to be the basis for making investment decisions. In this study, the fin

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Zhang, Xiaomo. "The Impact of Macroeconomic Factors on Stock Valuation." Highlights in Business, Economics and Management 41 (October 15, 2024): 513–19. http://dx.doi.org/10.54097/4y6fm697.

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The widely accepted notion that capital markets are significantly influenced by macroeconomic factors underscores the importance of examining how these factors directly and indirectly affect stock valuations. Stock prices are inherently volatile, subject to the whims of the market, yet they are expected to converge with the intrinsic value of the shares they represent. Uncovering this fair value is essential for strategic investment decisions. This review article aims to provide an in-depth analysis of the impact of macroeconomic variables on the financial performance of specific companies, us

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Dukalang, Hendra. "ANALYSIS OF STOCK INTRINSIC VALUE USING RELATIVE VALUATION ON AGRICULTURE SECTOR LISTED IN JII70 PERIOD 2016-2019." Mutanaqishah : Journal of Islamic Banking 1, no. 1 (2021): 50–58. http://dx.doi.org/10.54045/mutanaqishah.v1i1.320.

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This study aims to determine the intrinsic value or fair value of shares and the position of share value in Agriculture sub-sector companies, whether Overvalued (expensive), undervalued (cheap), or fair-valued (fair) using the relative valuation method approach for the 2016 – 2019 observation period in Agriculture sub-sector companies. The population in this study were 70 samples of companies from various sub-sectors. Determination of the sample is with the technique of purose sampling. So that the sample obtained is three companies in the field of agriculture with the provision that they have

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Hendra H. Dukalang. "Analysis of Stock Intrinsic Value Using Relative Valuation on Agriculture Sector Listed in JII70 Period 2016-2019." Mutanaqishah : Journal of Islamic Banking 1, no. 1 (2021): 50–58. http://dx.doi.org/10.54045/mutanaqishah.v1i1.8.

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    This study aims to determine the intrinsic value or fair value of shares and the position of share value in Agriculture sub-sector companies, whether Overvalued (expensive), undervalued (cheap), or fair-valued (fair) using the relative valuation method approach for the 2016 – 2019 observation period in Agriculture sub-sector companies. The population in this study were 70 samples of companies from various sub-sectors. Determination of the sample is with the technique of purose sampling. So that the sample obtained is three companies in the field of agriculture with

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Suryadi, Edy, and Nur Fitria. "Nilai Wajar Saham Sektor Advertising, Printing, dan Media Di Bursa Efek Indonesia." JURNAL MANAJEMEN MOTIVASI 10, no. 3 (2016): 449. http://dx.doi.org/10.29406/jmm.v10i3.47.

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The background of this research there is an indication that the stock price on the market does not showthe actual value of the shares, especially shares subsectors advertising, Printing, and Media. The intrinsicvalue of shares can be searched by using fundamental analysis of the company through the method ofdividend discount models (DDM). This research is a case study in which the withdrawal of a sample usingpurposive sampling. the data used are secondary data obtained from documents Indonesia StockExchange through its website www.idx.co.id. This research resulted in the intrinsic value of the

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Shokhazamiy, Shokhmansur, and Mirgani Akbarov . "Models of Geometric Representation and Analysis of Just Value of Property in 2D and 3D Formats." Information Management and Business Review 6, no. 5 (2014): 234–38. http://dx.doi.org/10.22610/imbr.v6i5.1120.

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We have devoted the paper to determining the just value of a company according to the geometric model, which uses the appropriate quantitative values with respect to the real (intrinsic) fundamental (internal) value of a company and the objective price of its shares. Furthermore, the papers provides with the appropriate conclusions, theoretical suggestions and practical recommendations, which are useful for the investors and managers in making operating (current, quick) financial decisions.

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Astriwati Biringkanae and Dedy Wanli. "Fundamental Analysis to Assess The Fair Price of PT. Antam Tbk. Shares." Proceeding of The International Conference on Economics and Business 1, no. 2 (2022): 45–50. http://dx.doi.org/10.55606/iceb.v1i2.111.

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The purpose of this study was to deterrmine the price of shares in PT Antam Tbk. as a reference to determine the fair price of shares of PT. Antam on the Indonesian share exchange. Fundamental analysis is a method used to determine whether the share price on the Indonesian share exchange is already appropriate to the company's intrinsic value. The research method uses a quantitative descriptive approach, namely analyzing and processing numerical data obtained from the official website of the Indonesian share exchange to determine the level of fairness of the share price of PT Antam Tbk. Price

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Utama, Yusuf Ammar, and Mokhamad Anwar. "Valuasi Nilai Relatif dan Intrinsik Saham Sektor Petrokimia." Jurnal EMT KITA 9, no. 2 (2025): 402–18. https://doi.org/10.35870/emt.v9i2.3742.

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This study was conducted to determine the results of the valuation analysis of petrochemical sector stocks in Indonesia using the intrinsic value valuation method and relative valuation by comparing market prices. The research method used to conduct valuation is the intrinsic value approach using Discounted Cash Flow (DCF) with the Discounted Cash Flow (FCFF) model and relative value using the Price to Earnings (P/E), Price to Sales (P/S), and Price to Book Value (PBV) ratios. The sampling technique in this study is Purposive Sampling in accordance with predetermined criteria, namely petrochem

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Harjono, Sucipto, and Riko Hendrawan. "Valuation of Indonesian Cable Company with Free Cash Flow to Firm and Relative Valuation." Journal of Social Research 2, no. 10 (2023): 3671–77. http://dx.doi.org/10.55324/josr.v2i10.1433.

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During 2014 - 2018, cable companies in Indonesia showed an 8.52% average annual revenue growth. Unfortunately, analysts are responding to this growth negatively. Hence, In this study, we will conduct a valuation of six cable companies in Indonesia that are listed on the Indonesia Stock Exchange (IDX). We evaluate using two methods, namely Free Cash Flow to Firm (FCFF) to get the Intrinsic Value of shares, Relative Valuation using Price to Book Value ( PBV), and Price to Earnings Ratio (PER) to validate the intrinsic value. The valuation results consider three scenarios: optimistic, moderate, a

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Pathak, Dr Disha. "INTRINSIC VALUE IN ASSESSING THE FAIRNESS OF IT STOCK PRICE USING FUNDAMENTAL ANALYSIS." BSSS Journal of Management 12, no. 1 (2021): 23–34. http://dx.doi.org/10.51767/jm1203.

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Investors invest money in present with the expectation of making addition to the principal amount in the future. Each investor is willing to know the best instrument for investment and suitable time for that. Stock is one of the financial instruments used for making handsome return. Knowing the real value of the stock plays a vital role for gaining return, which is not an easy for the investors to compute real worth of company. Different techniques like Fundamental analysis and Technical analysis are used for deriving real value of the stock. This research focus on to assist the investor to kn

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Nur Aizya, Siska Amanda, M. Anas, and Rino Sardanto. "Analysis of Fair Price Valuation of Pharmaceutical Sub-Sector Shares on the Indonesia Stock Exchange Using the Price Earnings Ratio (PER) Approach for the 2020-2023 Period." International Journal of Research and Review 12, no. 5 (2025): 289–99. https://doi.org/10.52403/ijrr.20250532.

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The objective of this research is to evaluate the equity of stock prices and offer stock investment alternatives using the Price Earnings Ratio (PER) approach, which will subsequently influence investment choices over the 2020–2023 timeframe. This study's methodology combines a descriptive and quantitative approach. Thirteen issuers that are listed on the Indonesia Stock Exchange comprise the population used in this study. Purposive sampling is used in the sampling technique, and special criteria are taken into account when choosing the sample. These criteria include shares of pharmaceutical s

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Petrova, Elitsa. "Value Investing - Essence And Ways Of Finding Undervalued Assets." International conference KNOWLEDGE-BASED ORGANIZATION 21, no. 2 (2015): 344–48. http://dx.doi.org/10.1515/kbo-2015-0057.

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Abstract Efficient market hypothesis considers that because many talented analysts constantly searching the market for the deals in a short period, after a certain point of time there are not so attractive deals. According to the hypothesis, successful investors owe their success more to luck than to their skills. The paper presents the Value investing. Value investing is an investment paradigm, which stems from the ideas of Benjamin Graham and David Dodd. The proponents, including the chairperson of Berkshire Hathaway Warren Buffett, argue that the essence of value investing is to buy shares

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Ren, Yihan, Yulei Lin, Jiatong Li, Linxuan Guo, and Wangdi Chen. "Construction of a Scoring and Ranking System for Multi-Factor Quantitative Stock Selection Strategy with Daily Rebalancing: An Analysis of SSE A-shares Component Stocks." Advances in Economics, Management and Political Sciences 92, no. 1 (2024): 140–53. http://dx.doi.org/10.54254/2754-1169/92/20231225.

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In this study, we introduce a four factor equal-weight scoring model, utilizing SSE A-shares from 2019 to 2023, aimed at identifying stocks of high investment potential. We innovatively incorporate the E/I factor to assess the intrinsic investment value of stocks, integrating it with PEG, RSI, and beta to ensure a comprehensive information capture. While assuming the feasibility of short-selling in the A-share market, our proposed strategy offers insights for future statistical arbitrage strategies in this market, underscoring the significance of risk hedging. Our preliminary analysis suggests

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Hutapea, Ecryna Cyntia, Tyara Pratiwi Poernomoputri, and Pardomuan Sihombing. "ANALISIS VALUASI NILAI WAJAR SAHAM PT. ADARO ENERGY TBK MENGGUNAKAN METODE FREE-CASH FLOW TO FIRM (FCFF)." Journal of Applied Finance & Accounting 5, no. 2 (2013): 240–70. http://dx.doi.org/10.21512/jafa.v5i2.796.

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PT Adaro Energy Tbk, an Indonesian private company engaged in coal mines and became the largest thermal coal producers both in Indonesia, which also operates coal mines and have the single biggest in the southern hemisphere. Coal products PT Adaro Energy Tbk has medium levels of energy content, and assign its trademark with the name of the Envirocoal. PT Adaro Energy Tbk is officially listed on the Indonesia Stock Exchange (BEI) on July 16, 2008 and was recorded as the largest company in the history of the Stock Exchange for deals done in rupiah (whereas in the US $ is the currency of the latt

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Sunaryono Sunaryono. "ANALISIS FUNDAMENTAL SAHAM TERHADAP PERTUMBUHAN PERUSAHAAN (STUDI KASUS PADA PT. BLUE BIRD, TBK.)." Jurnal Ekonomi STIEP 3, no. 2 (2018): 39–45. http://dx.doi.org/10.54526/jes.v3i2.6.

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The method of analysis using the fundamental strength of a country is called by fundamental analysis. In general, the fundamental strength of a country is shown by the country’s economic data. Fundamental analysis states that every stock has an intrinsic value. This analysis attempts to calculate the intrinsic value of a stock by using the fundamental data of the “ Company’s Financial Statements “, such as capital structure,earning devidends, sales, expenditure etc. This analysis will compare the intrinsic value with the market value to determine whether the market price of shares has reflecte

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Marpaung, Annaria Magdalena. "Analisis Fundamental Saham Terhadap Pertumbuhan Perusahaan STUDI KASUS PADA PT. HOLCIM INDONESIA, TBK." Jurnal Ilmiah Manajemen Kesatuan 1, no. 3 (2013): 205–12. http://dx.doi.org/10.37641/jimkes.v1i3.268.

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Fundamental analysis is a method of analysis using the fundamental strength of a country. In general, the fundamental strength of a country is shown by the country’s economic data. Fundamental analysis states that every stock has an intrinsic value. This analysis attempts to calculate the intrinsic value of a stock by using the fundamental data of the “ Company’s Financial Statements “, such as earning devidends, sales, capital structure, risk etc. This analysis will compare the intrinsic value with the market value to determine whether the market price of shares has reflected its intrinsic va

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Jin, Dongjie. "Shattering the Fetter of Main Markets on the London Stock Exchange: Is It a Benign Start for the Dual-Class Share Structure in the UK?" Business Law Review 45, Issue 5 (2024): 124–38. http://dx.doi.org/10.54648/bula2024019.

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The dual-class share structure, influenced by the governance perception of government and pressure from institutional investors, was still the forbidden region most time in the UK. However, the bonus of reforms that the London Stock Exchange (LSE) enjoyed was declining swiftly reflected in the number of listed companies and market cap. To promote competition and attraction, the LSE conditionally relaxed the restrictions of dual-class shares on premium listing in 2021, but the effects were faint in practice as founders cannot genuinely achieve the value of dual-class shares. In 2023, the Financ

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Hermawan, Aditya. "Stock Valuation Analysis in Making Investment Decisions Covid-19 Pandemic." Indikator: Jurnal Ilmiah Manajemen dan Bisnis 6, no. 1 (2022): 21. http://dx.doi.org/10.22441/indikator.v6i1.14118.

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This study aims to determine which stock valuation model is the most appropriate and to find the intrinsic value of the stock prices of companies affected by the COVID-19 pandemic, one way to calculate the intrinsic value of shares is using fundamental analysis with the Price to Book Value (PBV) and Dividend Discount methods. Models (DDM). The sample for this study was 28 companies from 11 sectoral indices affected by the covid-19 pandemic in the third quarter of 2021. The sampling technique in this study used purposive sampling. The data used is secondary data. The analysis tool uses SPSS 25

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Kleriawan, Erren Bustami, and Ilman Mufid Dwiyono. "The Fair Price of Company Shares with Dividend Discount Model Method." AFRE (Accounting and Financial Review) 4, no. 1 (2021): 38–44. http://dx.doi.org/10.26905/afr.v4i1.5960.

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This study aims to analyze the fair price of company shares in the LQ45 index with the dividend discount model (DDM) method during the 2014-2018 period. The analysis methodology using is a descriptive qualitative with data obtained from the Indonesia Stock Exchange with a case study approach, namely the 2014-2018 LQ45 Stock Price through LQ45 Stock Price Assessment analysis with the using Dividend Discounted Model (DDM) Method. The results of this study indicate that the fundamental analysis using the Dividend Discount Model (DDM) can be done after the intrinsic value of the stock is known the

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M. Syukri Ismail, Achmad Febrianto, Ira Febriliana Dewi Riza, and Bannaga Taha Al-Zubair Hussen. "Making Investment Decisions on Shares of Bank Syarī’ah Indonesia Company with Price to Book Value (PBV) Approach." Hikmatuna : Journal for Integrative Islamic Studies 9, no. 1 (2023): 1–13. http://dx.doi.org/10.28918/hikmatuna.v9i1.935.

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This research was conducted to determine the fundamental condition of Bank Syarī’ah Indonesia company in making investment decisions in Bank Syarī’ah Indonesia company (issuer code: BRIS). This research uses a quantitative method with a Price Book Value (Pbv) approach. The data used in this study is secondary data obtained from the Indopremier Securities, Stockbit Securities, and RTI Business applications, which originate from the annual reports of Bank Syarī’ah Indonesia companies for the 2018-2022 period, to be precise in the 3rd Quarter of 2022. The fundamental analysis forms by looking at

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Mukrimatin, Atikah Laili, and Nibras Anny Khabibah. "Analisis Fundamental Laporan Keuangan pada PT Unilever Indonesia Tbk Terhadap Pengambilan Keputusan Investasi." Jurnal Ilmiah Akuntansi Kesatuan 9, no. 3 (2021): 523–30. http://dx.doi.org/10.37641/jiakes.v9i3.897.

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The purpose of this study was to evaluate investment choices by analyzing PT Unilever Indonesia Tbk's financial statements for the 2016-2020 period using the Price Earnings Ratio (PER) methods. Fundamental analysis was used to determine intrinsic value in the context of an investment decision using financial indicators such as Return on Equity (ROE), Dividend Payout Ratio (DPR), Earnings per Share (EPS), Dividend per Share (DPS), and Price Earnings Ratio (EPS). The data was obtained using secondary data from PT Unilever Indonesia Tbk's annual report for the period 2016-2020. The results of thi

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Damarikhsan, Rahadian, and Sumirat Erman. "The Financial Performance and Stock Valuation of Coal Mining Company in Indonesia (Case Study: Pt. Abm Investama Tbk (ABMM))." International Journal of Current Science Research and Review 05, no. 12 (2022): 4533–55. https://doi.org/10.5281/zenodo.7432463.

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<strong>ABSTRACT: </strong>Indonesia, the world's largest supplier of coal, may profit from the uncertainties surrounding the present geopolitical situation. According to experts, the current high price of coal could be stable through the end of 2022, before declining moderately in 2023, but remain well above its five-year average. Therefore, investing in coal companies’ stock right now is a good idea. Theoretically, investing in the stocks of any firm whose primary business is in the coal industry will result in a profit. The issue is deciding which stock to purchase to increase the

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Huang, Bo, Thomas L. Saaty, and Yuyu Li. "Collaborative R&D and Pricing Policy of Supply Chain under the Selection Behavior of Heterogeneous Customer." Mathematical Problems in Engineering 2019 (May 6, 2019): 1–9. http://dx.doi.org/10.1155/2019/2573142.

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Considering that a manufacturer and its core part supplier make collaborative R&D on serial products of 3 grades, high-, mid-, and low-grade, and their core parts according to costumers’ preference for the performance, or intrinsic value, of products, we propose a collaborative R&D model based on costumers’ selection behavior to study the collaborative R&D policy and pricing policy of the supply chain. Then we establish a bargaining game model to study how they allocate the profit they earned. We obtain the optimal policies through theoretic and experimental analysis, and we use Ap

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Nuhiu, Artor, Florin Aliu, Fisnik Aliu, and Arbër Hoti. "Measuring Market Efficiency Through Valuation Techniques: The Case of Visegrad Countries Stock Markets." Studies in Business and Economics 18, no. 1 (2023): 198–217. http://dx.doi.org/10.2478/sbe-2023-0011.

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Abstract Company valuation stands as the most controversial topic in the field of financial management. The study investigates the extent to which stock prices of the companies listed on Czech, Polish, Hungarian, and Slovak equity markets deviate from their estimated intrinsic value. DCF model was employed using Monte Carlo simulations with 500, 1000, and 10000 trials to generate estimated intrinsic value and compare them to market prices. The results of the study show that the Bratislava Stock Exchange (SAX) on average holds the lowest gap between intrinsic value per share and market prices w

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Puspakaritas, Ferdiana Nur, and R. Y. Rusdianto. "Analisis Fundamental Perusahaan dan Penilaian Intrinsik Saham sebagai Dasar Keputusan Investasi." Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah 6, no. 3 (2023): 3142–61. http://dx.doi.org/10.47467/alkharaj.v6i3.5045.

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Investment is a channel funds for future profits for investors. However, investment also has the risk of loss, so investors must be careful. During the Covid-19 pandemic, the economy had declined, as well as the IHSG. At that time, many companies in various sectors also experienced turmoil and decreased performance, one of which was in the property and real estate sector. Knowing this, it is important for investors to analyze the company's performance and shares before making investment decisions to avoid the risk of loss. The purpose of this study is to determine the performance and condition

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