STOCK VALUATION AND BUSINESS PROSPECT OF PT. PERUSAHAAN GAS NEGARA (PERSERO), Tbk.

Malinda, Shelfi and Wahab, Zakaria (2015) STOCK VALUATION AND BUSINESS PROSPECT OF PT. PERUSAHAAN GAS NEGARA (PERSERO), Tbk. In: Sriwijaya Economics and Business Conference, 27-28 November 2016, Palembang.

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    Abstract

    The aim of this research was to investigate business prospect and predict intrinsic value of stock PT. Perusahaan Gas Negara (Persero), Tbk. Qualitative approach is paradigm that was used by this research. This research was a case study with secondary data where as collection data methodwas consisted of observation, interview, documentation and literature study. Analysis that was used in this study was called fundamentals analysis with top down approach analysis method which was consisted of macro economics, industry analysis of natural gas in Indonesia and company’s fundamentals analysis of PT. Perusahaan Gas negara (Persero), Tbk. Third of these analysis were based on valuation of company’s stock in 2019, which would come under value or over value. Based on result of fundamentals analysis, business prospect of PT. Perusahaan Gas Negara (Persero), Tbk. would grow significantly. Based on the data 2012-2014, average incomegrowth was 15% and also would be consideredabout global economics condition. Based on that analysis, valuation of intrinsic value was counted by most likely scenario where was assumed that average income growth would be 15% YoY. Valuation result of Free Cash Flow to The Firm Method that was used in this research shown that intrinsic value of stock was more 43,23% than the market price (under value).

    Item Type: Conference or Workshop Item (Paper)
    Subjects: H Social Sciences > HG Finance
    Divisions: Faculty of Economics > Department of Management
    Depositing User: Shelfi Malinda
    Date Deposited: 19 Mar 2016 13:37
    Last Modified: 19 Mar 2016 13:37
    URI: http://eprints.unsri.ac.id/id/eprint/6288

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