{"title":"用现金流折现法和相对估值法进行股票估值","authors":"Jihan Alfadilla, W. Dalam","doi":"10.4108/eai.5-10-2022.2325901","DOIUrl":null,"url":null,"abstract":". This research aims to determine the intrinsic value of stocks in the property and real estate sector listed on the Indonesia Stock Exchange using Discounted Cash Flow (DCF) method with Free Cash Flow to Firm (FCFF) approach and Relative Valuation (RV) method with PBV and PER approaches. The samples of this research were MTLA, JRPT, DMAS, CTRA, MKPI, and PPRO. Data used were historical financial data from 2015-2019 to calculate the historical financial performance of each company and projected from 2020-2024. The result found that by using the DCF-FCFF method, MTLA, JRPT, DMAS, and CTRA shares were undervalued in all scenarios. MKPI and PPRO shares were overvalued in all scenarios. Meanwhile, by using the Relative Valuation method, MTLA were undervalued by 7.82%, JRPT were undervalued by 32.97%, DMAS were undervalued by 67.85%, CTRA were undervalued by 32.45%, MKPI were overvalued by -47.69%, and PPRO were undervalued by 33.78%.","PeriodicalId":409333,"journal":{"name":"Proceedings of the 4th International Conference on Applied Economics and Social Science, ICAESS 2022, 5 October 2022, Batam, Riau Islands, Indonesia","volume":"26 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Stock Valuation Using Discounted Cash Flow and Relative Valuation Methods\",\"authors\":\"Jihan Alfadilla, W. Dalam\",\"doi\":\"10.4108/eai.5-10-2022.2325901\",\"DOIUrl\":null,\"url\":null,\"abstract\":\". This research aims to determine the intrinsic value of stocks in the property and real estate sector listed on the Indonesia Stock Exchange using Discounted Cash Flow (DCF) method with Free Cash Flow to Firm (FCFF) approach and Relative Valuation (RV) method with PBV and PER approaches. The samples of this research were MTLA, JRPT, DMAS, CTRA, MKPI, and PPRO. Data used were historical financial data from 2015-2019 to calculate the historical financial performance of each company and projected from 2020-2024. The result found that by using the DCF-FCFF method, MTLA, JRPT, DMAS, and CTRA shares were undervalued in all scenarios. MKPI and PPRO shares were overvalued in all scenarios. Meanwhile, by using the Relative Valuation method, MTLA were undervalued by 7.82%, JRPT were undervalued by 32.97%, DMAS were undervalued by 67.85%, CTRA were undervalued by 32.45%, MKPI were overvalued by -47.69%, and PPRO were undervalued by 33.78%.\",\"PeriodicalId\":409333,\"journal\":{\"name\":\"Proceedings of the 4th International Conference on Applied Economics and Social Science, ICAESS 2022, 5 October 2022, Batam, Riau Islands, Indonesia\",\"volume\":\"26 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1900-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Proceedings of the 4th International Conference on Applied Economics and Social Science, ICAESS 2022, 5 October 2022, Batam, Riau Islands, Indonesia\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.4108/eai.5-10-2022.2325901\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the 4th International Conference on Applied Economics and Social Science, ICAESS 2022, 5 October 2022, Batam, Riau Islands, Indonesia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.4108/eai.5-10-2022.2325901","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Stock Valuation Using Discounted Cash Flow and Relative Valuation Methods
. This research aims to determine the intrinsic value of stocks in the property and real estate sector listed on the Indonesia Stock Exchange using Discounted Cash Flow (DCF) method with Free Cash Flow to Firm (FCFF) approach and Relative Valuation (RV) method with PBV and PER approaches. The samples of this research were MTLA, JRPT, DMAS, CTRA, MKPI, and PPRO. Data used were historical financial data from 2015-2019 to calculate the historical financial performance of each company and projected from 2020-2024. The result found that by using the DCF-FCFF method, MTLA, JRPT, DMAS, and CTRA shares were undervalued in all scenarios. MKPI and PPRO shares were overvalued in all scenarios. Meanwhile, by using the Relative Valuation method, MTLA were undervalued by 7.82%, JRPT were undervalued by 32.97%, DMAS were undervalued by 67.85%, CTRA were undervalued by 32.45%, MKPI were overvalued by -47.69%, and PPRO were undervalued by 33.78%.
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