| dc.contributor.advisor | Fachruddin | |
| dc.contributor.advisor | Fachrudin, Khaira Amalia | |
| dc.contributor.author | Panjaitan, Gillis Benyamin | |
| dc.date.accessioned | 2018-03-15T04:46:56Z | |
| dc.date.available | 2018-03-15T04:46:56Z | |
| dc.date.issued | 2014 | |
| dc.identifier.uri | http://repositori.usu.ac.id/handle/123456789/1035 | |
| dc.description.abstract | Investment in the form of shares of stock valuation analysis required to estimate how the intrinsic value or a reasonable price for a stock based on fundamental data. This research aims to estimated the intrinsic value of the stock of PT Medco Energy International, Tbk and PT Elnusa, Tbk. with the approach of using the income method of Discounted Cash Flow (DCF) model with free cash flow to the firm (FCFF) and approach the market (relative valuation) methods comparison of companies listed on the stock exchange (a company publicly guideline method). Results of the study concluded that the reasonable value of the shares of PT Elnusa, Tbk (ELSA) and PT Medco Energy International, Tbk (MEDC) on December 31, 2012, based on the results of reconciliation by wearing a 60% weighting method for free cash flow to firm (FCFF) and 40% Relative Valuation methods for the retrieved value is reasonable for Rp341 and Rp2046 per shares. Fair value of the shares while the ELSA and the MEDC by using weighting 50%. | en_US |
| dc.description.abstract | Investasi dalam bentuk saham memerlukan analisis valuasi sahamuntuk memperkirakan berapa nilai intrinsik atau harga yang wajar untuk suatu saham berdasarkan data fundamentalnya. Penelitian ini bertujuan untuk mengestimasi nilai intrinsik saham PT. Medco Energi Internasional, Tbk dan PT. Elnusa, Tbk. dengan menggunakan pendekatan pendapatan metode Discounted Cash Flow (DCF) dengan model free cash flow to the firm (FCFF) dan pendekatan pasar (relative valuation) metode pembanding perusahaan tercatat di bursa efek (guideline publicly traded company method). Hasil penelitian menyimpulkan bahwa Nilai wajar saham PT. Elnusa, Tbk (ELSA) dan PT. Medco Energi Internasional, Tbk (MEDC) pada tanggal 31 desember 2012, berdasarkan hasil valuasi diperoleh nilai wajarnya sebesar Rp352 untuk ELSA dan Rp1968 untuk MEDC. Dibandingkan dengan harga pasar saham saat closing price sebesar Rp173 untuk ELSA dan Rp1630 untuk MEDC per tanggal 31 desember 2012, maka Nilai wajar saham PT. Elnusa, Tbk (ELSA) dan PT. MedcoEnergi (MEDC), mengalami undervalued terhadap nilai wajarnya. | en_US |
| dc.language.iso | id | en_US |
| dc.subject | intrinsic value | en_US |
| dc.subject | fair market value | en_US |
| dc.subject | free cash flow to firm | en_US |
| dc.subject | relative valuation | en_US |
| dc.subject | price earning ratio | en_US |
| dc.subject | overvalued | en_US |
| dc.subject | undervalued | en_US |
| dc.title | Analisis Valuasi Nilai Wajar Saham Dengan Metode Free Cash Flow To Firm Dan Relative Valuation Pada Emiten Migas (Studi Kasus PT. Elnusa, Tbk dan PT. Medco Energi Internasional, Tbk) | en_US |
| dc.type | Thesis | en_US |
| dc.identifier.nim | NIM117048006 | en_US |
| dc.identifier.submitter | Franz | |
| dc.description.type | Tesis Magister | en_US |
