Artikel Ilmiah : C1B011052 a.n. VITA ERIKA PRATIWI
| NIM | C1B011052 |
|---|---|
| Namamhs | VITA ERIKA PRATIWI |
| Judul Artikel | PENILAIAN HARGA WAJAR SAHAM MENGGUNAKAN PENDEKATAN DIVIDEND DISCOUNT MODEL, PRICE TO BOOK VALUE DAN PRICE EARNING RATIO (Studi pada Perusahaan Rokok yang Terdaftar di Bursa Efek Indonesia Periode 2009-2013) |
| Abstrak (Bhs. Indonesia) | This research purpose is to explain the usage of fundamental analysis with Dividend Discount Model (DDM), Price to Book Value (PBV), and Price Earning Ratio (PER) approach in determining stock intrinsic value, then its comparison with stock market value serve as a way for taking investment decision in capital market. So the investor can minimize the risk of investing in capital market. Data applied in this research is financial statements, the stock price of year-end, dividend announcement, and the stocks of cigarette company which actively trade in Indonesian Stock Exchange during time line 2009-2013. Then, data collected is analysed to applies fundamental analysis with DDM, PBV, and PER approach to look for the stock intrinsic value. Difference of stock intrinsic value with stock market value is tested by Paired T Test applies with Statistical Package For Social Science (SPSS) 16.0 version software. The Result of this research showed that the stock value of cigarette companies is in overvalued position from its intrinsic value based of DDM and PBV approach. The stock value of cigarette companies is in undervalued position from its intrinsic value based of PER approach. Based of DDM, PBV and PER approach, there are significant difference between intrinsic value stock with market value stock |
| Abtrak (Bhs. Inggris) | This research purpose is to explain the usage of fundamental analysis with Dividend Discount Model (DDM), Price to Book Value (PBV), and Price Earning Ratio (PER) approach in determining stock intrinsic value, then its comparison with stock market value serve as a way for taking investment decision in capital market. So the investor can minimize the risk of investing in capital market. Data applied in this research is financial statements, the stock price of year-end, dividend announcement, and the stocks of cigarette company which actively trade in Indonesian Stock Exchange during time line 2009-2013. Then, data collected is analysed to applies fundamental analysis with DDM, PBV, and PER approach to look for the stock intrinsic value. Difference of stock intrinsic value with stock market value is tested by Paired T Test applies with Statistical Package For Social Science (SPSS) 16.0 version software. The Result of this research showed that the stock value of cigarette companies is in overvalued position from its intrinsic value based of DDM and PBV approach. The stock value of cigarette companies is in undervalued position from its intrinsic value based of PER approach. Based of DDM, PBV and PER approach, there are significant difference between intrinsic value stock with market value stock |
| Kata kunci | market value stock, dividend discount model (DDM), price to book value (PBV), price earning ratio (PER) |
| Pembimbing 1 | Drs. H. Bambang Sunarko, M.M |
| Pembimbing 2 | Dian Purnomo Jati, S.E., M.Sc. |
| Pembimbing 3 | |
| Tahun | 2015 |
| Jumlah Halaman | 18 |
| Tgl. Entri | 2015-08-21 08:17:25.93561 |