房地产、房地产和建筑服务公司公平股价的投影

Sofi Zulfarida, Dedi Hariyanto, Heni Safitri
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摘要

本研究的目的是确定内在价值,股票价格状况,要采取的决定,并确定该公司在印度尼西亚证券交易所(IDX)上市的房地产,房地产和建筑行业的股票的预计公平价格。本研究采用定量描述性研究。本研究使用的数据为二手数据,采用公司财务报表和收盘价的形式。本研究的人口是建筑和建筑细分行业多达70发行人。抽样技术使用饱和抽样,总样本为30个发行人。使用的分析技术是通过市盈率(PER)方法和货币时间价值的概念以及贴现现金流量(DCF)的绝对方法进行基本分析。通过市盈率(PER)方法的研究结果显示,有18家发行人的股价处于高水平(估值过高),有12家发行人的股价处于低水平(估值过低)。运用货币时间价值概念和绝对折现现金流(DCF)方法的研究结果表明,有23家发行人处于被低估的位置,可以被新投资者购买和拥有,有17家发行人处于高估位置,不应该被新投资者购买。最优先的股票是PT Acset Indonusa Tbk (ACST)的股票,目前的市场价格为2,460卢比,未来3年(2020年)的预计公平价格为6,383.03卢比
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Proyeksi Harga Wajar Saham Perusahaan Jasa Sektor Properti, Real Estate, dan Konstruksi Bangunan
The purpose of this study was to determine the intrinsic value, condition of stock prices, the decision to be taken and to determine the projected fair price of the company's shares in the property, real estate, and building construction sectors listed on the Indonesia Eek Exchange (IDX). This research uses quantitative descriptive research. The data used in this study is secondary data, in the form of company financial statements and closing price. The population in this study is the construction and building subsector as many as 70 issuers. The sampling technique uses saturated sampling with a total sample of 30 issuers. The analysis technique used is fundamental analysis through the Price Earning Ratio (PER) approach and the concept of Time Value of Money with the absolute method of Discount Cash Flow (DCF). Research Results through the Price Earning Ratio (PER) approach show that there are 18 issuers with high stock price conditions (overvalued) and there are 12 issuers with low stock prices (undervalued). Research Results using the concept of Time Value of Money with the absolute method Discount Cash Flow (DCF) shows that there are 23 issuers that are in an undervalued position that can be bought and owned by new investors and there are 17 issuers that are in overvalued positions that should not be purchased by investors new. The most prioritized shares are the shares of PT Acset Indonusa Tbk (ACST) with the current market price of Rp. 2,460 and the projected fair price for the next 3 years (2020) is Rp. 6,383.03
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