Safitri, Dina Aulia and Al Muizzuddin Fazaalloh, SE., ME., Ph.D. and Moh. Athoillah, SE., ME. (2023) Valuasi Saham Untuk Menentukan Faiar Price Dalam Pengambilan Keputusan Investasi. Sarjana thesis, Universitas Brawijaya.
Abstract
Valuasi artinya mengukur atau mengidentifikasi nilai manfaat suatu aset yang menjadi akar dari penilaian saham. Valuasi saham penting dalam pengambilan keputusan investasi karena memberikan pemahaman mendalam tentang nilai intrinsik suatu saham. Melalui riset penilaian saham, investor dapat mengidentifikasi apakah harga saham suatu perusahaan saat ini berada di bawah, sama, atau di atas nilai intrinsiknya. Dengan mengetahui nilai wajar atau harga wajar suatu saham, investor dapat mengambil keputusan lebih tepat mengenai kapan harus membeli dan menjual saham tersebut. Penelitian ini berfokus pada PT Bank Negara Indonesia (Persero) Tbk. menggunakan periode waktu 2016-2021. Penelitian ini menggunakan pendekatan kuantitatif dengan metode yang digunakan dalam menghitung valuasi saham yaitu Capital Asset Pricing Model (CAPM), Discounted Cash Flow (DCF), dan Dividend Discount Model (DDM). Hasil penelitian menunjukkan bahwa nilai wajar saham BBNI berdasarkan perhitungan adalah Rp7.506. Return Individu (Ri) sebesar 0,92183 lebih besar dibandingkan Expected Return (E(Ri)) sebesar 0,5368 yang berarti saham BBNI berada pada posisi undervalued.
English Abstract
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 the 2016-2021 time period. This study uses a quantitative approach to the methods used in calculating stock valuations, namely Capital Asset Pricing Model (CAPM), Discounted Cash Flow (DCF), and Dividend Discount Model (DDM). The result of the study show that the fair value of shares at BBNI based on calculations is Rp.7.506. Individual Return (Ri) of 0,92183 is greater than the Expected Return (E(Ri)) of 0,5368 which means that BBNI shares are in an undervalued position.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | :0523020050 |
| Uncontrolled Keywords: | Valuasi; Nilai Wajar; Keputusan Investasi |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Fakultas Ekonomi dan Bisnis > Ilmu Ekonomi |
| Depositing User: | Unnamed user with username nova |
| Date Deposited: | 02 Nov 2023 03:10 |
| Last Modified: | 02 Nov 2023 03:13 |
| URI: | http://repository.ub.ac.id/id/eprint/204222 |
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Text (DALAM MASA EMBARGO)
- Dina Aulia Safitri.pdf Restricted to Registered users only until 31 December 2023. Download (1MB) |
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