Start-up fintech valuation (financial capital)

Frastio Oktaviano Amchory, Firman Abdurrahman
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Abstract

In today's modern era, technological advances have supported the financial world in creating financial technology (fintech). One example of a fintech business is Peer to Peer Lending (P2P Lending) or Online Loans. In Indonesia, this business is growing rapidly and has good prospects, so it is hoped that P2P Lending companies can take the floor on the Indonesia Stock Exchange (IDX) to be able to attract foreign and domestic investors. One of the first fintech companies in Indonesia is Danamas. Danamas is registered and has total assets of Rp. 729,927,465,119. Before taking the floor on the IDX, it is necessary to calculate the correct valuation for Danamas. This study aims to calculate the valuation of Danamas as a fintech company. This research was conducted by processing Danamas financial report data for 2018-2020. The valuation method used is a combination of the Damodaran method and The First Chicago method with the Pre-tax Profit Margin history as a reference for obtaining estimated profits for the next 5 years. The results of this study are the company's value of Rp. 739,852,225,899. This is a positive valuation result because the company's value is greater than the total value of its assets.  
创业金融科技估值(金融资本)
在当今的现代时代,技术进步支持了金融世界创造金融技术(fintech)。金融科技业务的一个例子是点对点借贷(P2P Lending)或在线贷款。在印尼,这一业务发展迅速,前景良好,因此希望P2P借贷公司能够在印尼证券交易所(IDX)上市,以吸引国内外投资者。Danamas是印尼首批金融科技公司之一。Danamas已注册,总资产为729,927,465,119卢比。在IDX上进场之前,有必要计算一下Danamas的正确估值。本研究旨在计算Danamas作为一家金融科技公司的估值。这项研究是通过处理巴拿马2018-2020年的财务报告数据进行的。所使用的估值方法是Damodaran法和The First Chicago法的结合,以税前利润率历史作为参考,获得未来5年的估计利润。本研究的结果是该公司的价值为Rp. 739,852,225,899。这是一个正的估值结果,因为公司的价值大于其资产的总价值。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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