scholarly journals ANALISIS NILAI SAHAM DENGAN DIVIDEND DISCOUNT MODEL (DDM) (Studi kasus Perusahaan Tekstil Dan Garmen Yang Terdaftar Di Bursa Efek Indonesia Tahun 2018)

2019 ◽  
Vol 5 (2) ◽  
Author(s):  
Yuliah Yuliah ◽  
Leni Triana ◽  
Ihwan Satria Lesmana
Keyword(s):  
Quantitative Research ◽  
Stock Exchange ◽  
Intrinsic Value ◽  
Investment Decisions ◽  
Market Value ◽  
Sampling Technique ◽  
Stock Valuation ◽  
Research Objects ◽  
Dividend Discount Model ◽  
Constant Growth

AbstrakPenilaian saham digunakan untuk membandingkan antara nilai intrinsik dan nilai pasar saham, yang mana akhirnya akan dijadikan sebagai dasar keputusan investasi apakah investor akan menjual atau membeli saham. penelitian ini bertujuan untuk mengetahui dan manganalisa hasil dari perhitungan penilaiain saham menggunakan Dividend Discount Model (DDM) dengan model pertumbuhan konstan. Metode  penelitian yang digunakan adalah deskriptif kuantitatif dengan objek penelitian pada perusahaan tekstil dan garmen yang terdaftar di Bursa efek Indonesia tahun 2018. Teknik pengambilan sampel menggunakan puposive sampling dan didapat 5 sampel penelitian. Hasil penelitian ini menunjukkan bahwa dari 5 perusahaan memiliki hasil yang berbeda, dimana saham BELL dan RICY berada dalam kondisi overvalued karena nilai intrinsik lebih rendah dibanding dengan nilai pasar, sedangkan pada saham PBRX, SRIL dan TRIS berada pada posisi undervalued karena nilai intrinsik lebih tinggi dibandingkan dengan nilai pasar.Kata Kunci: Nilai Saham, Dividend Discount Model.AbstractStock valuation uses to compare between intrinsic value and stock market value, which ultimately will be used as a basis for investment decisions whether investors will sell or buy shares. This study aimed to determine and analyze the results of stock valuation calculations using the Dividend Discount Model (DDM) with a constant growth model. The research method used is descriptive quantitative research objects in textile and garment companies listed on the Indonesia Stock Exchange in 2018. The sampling technique uses purposive sampling and obtained five research samples. The results of this study indicate that all of the five companies having different effects. Where BELL and RICY shares were in overvalued conditions because the intrinsic value was lower than the market value, while in PBRX, SRIL and TRIS stocks undervalued because the inherent value is higher than with market value.Keywords: Stock Valuation, Dividend Discount Model.

scholarly journals ANALISIS PENILAIAN HARGA WAJAR SAHAM DAN KEPUTUSAN INVESTASI SECARA FUNDAMENTAL DENGAN MENGGUNAKAN METODE PRICE EARNING RATIO (Studi Keuangan Pada Sektor Industri Barang Konsumsi Yang Terdaftar Di BEI)

2019 ◽  
Vol 20 (2) ◽  
pp. 1
Author(s):  
Aneu Lutfiana ◽  
R. Deni Muhammad Danial ◽  
Dicky Jhoansyah
Keyword(s):  
Pharmaceutical Industry ◽  
Intrinsic Value ◽  
Investment Decision ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Fundamental Analysis ◽  
Fair Price ◽  
Stock Valuation ◽  
Ratio Approach ◽  
Quantitative Descriptive

This study aims to determine the fair price of shares and investment decisions fundamentallyby using the Price Earning Ratio approach seen from the development of the company’sfinancial condition. The fundamental variables used are ROE, EPS, DPS, PER, DPR. The typeof research used is quantitative descriptive. This study analyzed six companies as a sample,namely PT Delta Djakarta Tbk, PT Indofood Sukses Makmur Tbk, PT Kalbe Farma Tbk, PTMulti Bintang Indonesia Tbk, PT Jamu and Pharmaceutical Industry Sido Muncul Tbk and PTTempo Scan Pacific Tbk. The sample was obtained using purposive sampling technique. Theresults of this study indicate that PT. Delta Djakarta Tbk is in an overvalued position so thatthe investment decision that can be taken is by selling the shares. While PT Indofood SuksesMakmur Tbk, PT Kalbe Farma Tbk and PT Jamu and Pharmaceutical Industry Sido Muncul Tbkare in a correctly valued position so that the investment decision that can be taken is by holdingthe shares. While PT Multi Bintang Indonesia Tbk and PT. Tempo Scan Pacific Tbk is in anundervalued position so that the investment decision that can be taken is by buying the shares. Keywords: Stock Valuation, Fundamental Analysis, Price Earning Ratio, Intrinsic Value, Investment Decision

scholarly journals Analisis faktor internal dan eksternal yang mempengaruhi holding period saham LQ45

2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Ani Veridiana
Keyword(s):  
Interest Rate ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Participant Observation ◽  
Market Value ◽  
Sampling Technique ◽  
Return On Equity ◽  
Holding Period ◽  
Bid Ask Spread ◽  
Earnings Per Share

The research objective was to examine the effect of the bid-ask spread, market value, earnings per share, return on equity, inflation and the SBI interest rate on the holding period of shares. This study uses non-participant observation methods, namely by looking at data from the Indonesia Stock Exchange (IDX) and quantitative research types, there are 10 sample companies used in this study and using purposive sampling technique, in data collection is by documentation and variables used. in this study are the bid-ask spread, market value, earnings per share, return on equity, inflation and the SBI interest rate. There are variables that influence and there are two variables that do not influence, namely inflation and the SBI interest rate because the circulation values of the two variables are not good.

scholarly journals ANALISIS PENILAIAN HARGA SAHAM MENGGUNAKAN METODE DIVIDEND DISCOUNT MODEL (DDM) SEBAGAI DASAR PENGAMBILAN KEPUTUSAN INVESTASI (Studi pada Perusahaan yang termasuk dalam Indeks LQ-45 di Bursa Efek Indonesia Tahun 2013-2015).

2018 ◽  
Vol 20 (1) ◽  
pp. 26
Author(s):  
Vandara Vavras Setia
Keyword(s):  
Stock Exchange ◽  
Investment Decision ◽  
Share Price ◽  
Stock Valuation ◽  
Descriptive Research ◽  
Investment Companies ◽  
Dividend Discount Model ◽  
Quantitative Descriptive ◽  
High Level ◽  
Constant Growth

LQ-45 is a group share consisting of 45 shares of the elect with the level of market capitalization and liquidity level above the average for the other stocks. So LQ-45 became one of the most volatile due to the high level of liquidity and market activities. The share price berfluktuatif is a risk that must be faced by investors. Assessment of the share price can be done to minimize the risk of one price.This research aims to know and analyze the results from the calculation of the stock valuation using the Dividend Discount Model (DDM) as the basis for decision on investment companies including in the LQ-45 in Indonesia Stock Exchange the year 2013-2015. This research is classified as quantitative descriptive research and sampling used is purposive sampling. A sample of this research as much as 11 companies in accordance with the criteria.Based on the results of research and analysis of the data using the method Dividend Discount Models (DDM) not constant growth shows that the entire company in 2015 including overlavued category among others, ADRO, AKRA, ASII, ( BBCA, BBNI, BBRI, BMRI, CPIN, GGRM, UNTR, UNVR. While, 2013 and 2014 only one company including undervalued categories namely ASII. Investment decision that can be taken when have stocks including overvalued category, should be sold and when the shares including undervalued categories should be purchased or suspended when has. Keywords : Stock Valuation, Dividend Discount Models (DDM), Investment Decision.

Pengaruh Keputusan Investasi, Kebijakan Hutang Dan Kebijakan Dividen Terhadap Nilai Perusahaan

2019 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Ivan Somantri ◽  
Hadi Ahmad Sukardi
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Mining Sector ◽  
Dividend Policies ◽  
Negative Effect ◽  
Debt Policy ◽  
Debt Policies

This study aims to determine how to influence simultaneously and partially investment decisions, debt policy and dividend policy on firm value in mining sector companies listed on the Indonesia Stock Exchange for the period 2013-2017. The research method used in this study is descriptive and associative methods. The population in this study were mining sector companies listed on the Indonesia Stock Exchange in the period 2013-2017, which amounted to 43 companies. The sampling technique used in this study is non probability sampling with purposive sampling method, so that the number of samples obtained is 8 companies. While the data analysis used in this study is panel data regression analysis with the fixed effect method. The results of the study show that partially investment decisions and debt policies have a positive effect on firm value. While dividend policy has a negative effect on firm value. In addition, the results of the study simultaneously show that investment decisions, debt policies and dividend policies affect the value of the company. The amount of investment decisions, debt policy and dividend policy in contributing influence to earnings management is 34.14%.

Pengaruh keputusan investasi, keputusan pendanaan, dan kebijakan dividen terhadap nilai perusahaan yang terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Dina Patrisia ◽  
Muthia Roza Linda ◽  
Ursa Yulianti
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
Secondary Data ◽  
Sampling Technique ◽  
Total Sample ◽  
Manufacturing Companies ◽  
Positive Direction ◽  
Company Value

This study aims to analyze the effect of investment decisions, funding decisions, and dividend policy on the value of the company. This research is classified as causative research. The populations in this study are all Manufacturing companies listed on the Stock Exchange in 2012-2016. The sampling technique in this study is using purposive sampling technique with a total sample of 213 samples. The data used is secondary data. The data analysis method used is multiple regression. The results showed that investment decision variables affect the value of the company in a positive direction, funding decisions affect the value of the company in a negative direction, and dividend policy affects the value of the company with a positive direction on Manufacturing companies listed on the IDX. With this research, it is expected that researchers who can further conduct research related to factors that influence the value of the company whose impact is higher than what researchers have met. By using different proxy and data processing methods to produce more accurate data processingKeywords: Investment decisions; funding decisions; dividend policy; company value

ASSESSMENT OF THE MARKET VALUE OF THE COMPANY BY DETERMINING INTRINSIC VALUE BASED ON PJSC MMC NORILSK NICKEL

2020 ◽  
Author(s):  
Valentina Vyacheslavovna Mantulenko ◽  
◽  
Yulia Borisovna Golub ◽  
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Intrinsic Value ◽  
Market Value ◽  
Theoretical Concept ◽  
Business Value ◽  
Current Trends

The authors consider a basic theoretical concept related to process of assessing a business value. The basic coefficients for predicting the company’ activities are analyzed. The calculation of the intrinsic value of the stock was carried out by two methods: by the cash flow discounting method and by comparison with peers. The current trends of the shares value of the considered company on the Moscow stock exchange are analyzed, investment recommendation is given.

EVALUASI KONDISI SAHAM MELALUI ANALISIS FUNDAMENTAL DENGAN METODE DIVIDEND DISCOUNT MODEL (DDM) TERHADAP KEPUTUSAN INVESTASI PADA PERUSAHAAN SUB SEKTOR PULP AND PAPER YANG TERDAFTAR DI BEI PERIODE 2011-2015

2018 ◽  
Vol 3 (2) ◽  
pp. 1-13
Author(s):  
Astria Semaradilla Syari
Keyword(s):  
Intrinsic Value ◽  
Investment Decisions ◽  
Pulp And Paper ◽  
Fundamental Analysis ◽  
Dividend Discount Model

The purpose of this study was to: (1) determine the condition of stocks through fundamental analysis by the DDM on the company's pulp and paper subsectors period 2011-2015; (2) determine the company's investment decisions pulp and paper subsectors period 2011-2015. The results of this study indicate that (1) the highest intrinsic value is at PT Fajar Surya Wisesa Tbk which is equal to 924.7226 and the lowest intrinsic value is at Paper Factory PT Tjiwi Kimia Tbk, which amounted -1,787,541; (2) The company PT kedawung Setia Industrial Tbk in the period 2011-2015 has a condition undervalued stocks. Meanwhile, other companies namely PT Alkindo Naratama Tbk, PT Fajar Surya Wisesa Tbk, PT Indah Kiat Pulp & Paper Tbk, PT Suparma Tbk, and PT Pabrik Kertas Tjiwi Kimia Tbk experienced overvalued.  

scholarly journals Studi Karakteristik Wisatawan Dan Upaya Pengembangan Produk Wisata Tematik Di Pantai Goa Cemara, Pantai Kuwaru, Dan Pantai Pandansimo Baru Kabupaten Bantul

Media Wisata ◽  
2021 ◽  
Vol 13 (2) ◽  
Author(s):  
Fian Damasdino
Keyword(s):  
Market Segmentation ◽  
Quantitative Research ◽  
Leisure Time ◽  
Sampling Technique ◽  
Research Area ◽  
Demographic Characteristics ◽  
Survey Method ◽  
Psychometric Characteristics ◽  
Margin Of Error ◽  
Research Objects

This research is a quantitative research using the survey method. The locations of the research area in the three tourist objects including Goa Cemara Beach, Kuwaru Beach, and Pandansimo Baru Beach. This study aims to analyze the tourist characteristics in the three research locations and to learn how to formulate a plan for the most appropriate tourism products at three locations sights. The approach used to analyze the tourist characteristics is the four elements of market segmentation: geographic, socio-demographic, psychographic, and behavioural.The samples of the research are 156 respondents with a margin of error of 8% done using purposive sampling technique during March to April 2015 in the three research locations. The data collection was taken by questionnaires, observation, and documentation. Once the data is collected and processed with quantitative analysis using statistical tools, frequency distribution, and cross table (crosstabs).The result shows that the geographic characteristics of tourists in the three locations are balanced between tourists from outside and inside Bantul Regency. Then, the socio-demographic characteristics of tourists in Goa Cemara Beach and Pandansimo Baru Beach are dominated by private employees/BUMN(state-owned corporation), aged 22-60 years old, married and repeater tourist, while tourists in Kuwaru Beach are dominated by students, under 22 years old, single status and first comer tourists.Furthermore, in terms of psychographics, tourists in the three locations who have psychometric characteristics prefer to get something plural, popular, and like to do common activities with the frequency of short stay visits. Lastly, the behaviour of tourists in the three research locations is dominated by doing recreation or having leisure time to enjoy the main attractions of the coastal landscape. The results of tourist characteristics of these three locations are used as the basis for planning of thematic tourism products in accordance with the character of the three research objects

scholarly journals Financial Implications of Capital Controls Enforcement on Large-Cap Companies Listed on the Athens Stock Exchange

2021 ◽  
Vol 9 (1) ◽  
pp. 20-34
Author(s):  
Aikaterini Derdemezi ◽  
◽  
Kanellos Toudas ◽  
Paraskevi Boufounou ◽  
Georgios Georgakopoulos ◽  
...  
Keyword(s):  
Qualitative Research ◽  
Financial Performance ◽  
Mixed Method ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Capital Controls ◽  
Senior Executives ◽  
Negative Effects ◽  
Athens Stock Exchange

The aim of this study is to examine the effects of the capital controls on the process and financial performance of large-cap companies operating in Greece listed on the Athens Stock Exchange. More specifically, the markets’ behavior is studied, as well as the reactions of the investors after the announcement of the implementation of the measure. The mixed method (quantitative research with questionnaires and qualitative research with interviews with financial managers and senior executives) was used. The main findings of the research are that the measure of capital controls: was deemed necessary and effective based on its aims, which were (a) the protection of the mass withdrawal of deposits and (b) the stabilization and security of the financial system had a significant effect on increasing the use of electronic banking. But also had significant negative effects: on the investment decisions of companies, on their competitiveness and reputation abroad, on the ability to raise new capital, on their liquidity and therefore on their ability to cope with key functions, as well as on their imports and exports. Keywords: Capital controls, listed large-cap companies, crisis, Athens Stock Exchange, Greece.

scholarly journals Pengaruh Profitabilitas, Kualitas Laba Dan Keputusan Investasi Terhadap Nilai Perusahaan

2020 ◽  
Vol 2 (4) ◽  
pp. 3828-3839
Author(s):  
Reza Refki Tanggo ◽  
Salma Taqwa
Keyword(s):  
Data Analysis ◽  
Firm Value ◽  
Stock Exchange ◽  
Earnings Quality ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Total Sample ◽  
Manufacturing Companies ◽  
Analysis Method ◽  
Positive Effect

The purpose of this study was to analyze: (1) The effect of profitability on firm value. (2) The effect of earnings quality on firm value. (3) The effect of investment decisions on firm value. The population in this study are all manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2014-2018. While the sampling technique in this study is using purposive sampling technique with a total sample of 300 samples. The data analysis method used is multiple regression using SPSS 25 software. The results of this study indicate that: (1) profitability has a positive and significant effect on firm value with a significance of 0.000 < 0.05. (2) earnings quality has a positive and insignificant effect on firm value with a significance of 0.757 > 0.05. (3) investment decisions have a positive effect and not on the value of the company with a significance of 0.418 > 0.05

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