INTRINSIC VALUE IN ASSESSING THE FAIRNESS OF IT STOCK PRICE USING FUNDAMENTAL ANALYSIS

2021 ◽  
Vol 12 (1) ◽  
pp. 23-34
Author(s):  
Dr. Disha Pathak ◽  
Keyword(s):  
Stock Price ◽  
Intrinsic Value ◽  
Market Value ◽  
Research Paper ◽  
Vital Role ◽  
Fundamental Analysis ◽  
Financial Instruments ◽  
Research Focus ◽  
The Real ◽  
Real Value

Investors invest money in present with the expectation of making addition to the principal amount in the future. Each investor is willing to know the best instrument for investment and suitable time for that. Stock is one of the financial instruments used for making handsome return. Knowing the real value of the stock plays a vital role for gaining return, which is not an easy for the investors to compute real worth of company. Different techniques like Fundamental analysis and Technical analysis are used for deriving real value of the stock. This research focus on to assist the investor to know about the stock's worth value for investment. This research paper aims to arrive at the intrinsic value of shares for selected eight IT companies of India. It will help investors to know the intrinsic value and compare it with the market value to make decision related to buy or sell of those stocks.

scholarly journals Analisis Fundamental Saham Terhadap Pertumbuhan Perusahaan STUDI KASUS PADA PT. HOLCIM INDONESIA, TBK.

2013 ◽  
Vol 1 (3) ◽  
pp. 205-212
Author(s):  
Annaria Magdalena Marpaung
Keyword(s):  
Capital Structure ◽  
Intrinsic Value ◽  
Market Price ◽  
Market Value ◽  
Financial Statements ◽  
Fundamental Analysis ◽  
Economic Data ◽  
Public Companies ◽  
The Impact ◽  
Positive Effect

Fundamental analysis is a method of analysis using the fundamental strength of a country. In general, the fundamental strength of a country is shown by the country’s economic data. Fundamental analysis states that every stock has an intrinsic value. This analysis attempts to calculate the intrinsic value of a stock by using the fundamental data of the “ Company’s Financial Statements “, such as earning devidends, sales, capital structure, risk etc. This analysis will compare the intrinsic value with the market value to determine whether the market price of shares has reflected its intrinsic value or has not. The purpose of this study is to find out the company’s fundamental analysis with the liquidity ratio, the company’s growth, and the impact of the analysis on the company’s growth. The result of the research indicates that the two public companies analyzed for six years in terms of cash and cash equivalents, inventories, current assets and current liabilities is that PT. Holcim Indonesia, Tbk was stable. Concerning profit growth, PT. Holcim Indonesia, Tbk yielded profit. The analysis of those factors shows that it has positive effect for PT. Holcim Indonesia, Tbk which causes many investors will invest their funds. Keywords : Fundamental analysis; liquidity ratio; company’s growth

Analisis Kebijakan Dividen Terhadap Nilai Intrinsik dan Nilai Pasar Perusahaan

2013 ◽  
Vol 1 (2) ◽  
pp. 113-124
Author(s):  
Nusa Muktiadji ◽  
Felicia Felicia
Keyword(s):  
Significant Influence ◽  
Stock Price ◽  
Dividend Policy ◽  
Intrinsic Value ◽  
Market Value ◽  
Net Income ◽  
Independent Variable ◽  
The Relationship ◽  
A Company

Dividend policy is basically a company’s decision in determining how much net income wil be distributed to shareholders as dividend and how much will be retained. Dividend policy is able to influence intrinsic and  market value of a company. In this study, the proxy of dividend policy is Dividend Pay-out (DPO) as independent variable and intrinsic value as dependent variable with indicator that is multiplication result of Earning Multiplier (EM) and Company Market Value obtained from stock price data of LQ45 at closing price. The purpose of this study is to identify the relationship between variables, the influence of independent variable to dependent variable, and finally to measure how significant the influence of variable X to variable Y will be, dividend policy to intrinsic and market value of the company. This case study was conducted at PT Aneka Tambang Tbk. and PT Timah Tbk., both are mining company. The results of this study are: 1) Dividend policy proxied by DPO has significant influence and relationship to the intrinsic value of PT Aneka tambang Tbk. But, at PT Timah Tbk., dividend policy to intrinsic value is not significant with alpha as high as 193.064, it’s due to the dividend policy does not influence the intrinsic value, but the intrinsic value is more influenced by EPS. 2) Dividend policy proxied by DPO has connection and fairly significant influence with the company’s market value at PT Aneka Tambang Tbk. But, at PT Tima Tbk., dividend policy to the company’s market value is not significant with alpha as high as 54.859, it’s due to the dividend policy does not influence the company’s market value, but the intrinsic value is influenced dominantly by the company’s market value. The result of the research shows that the dividend policy at PT Aneka Tambang Tbk has  impact on intrinsic and market value better than the dividend policy has impact on intrinsic and market value at PT Timah Tbk.   Keywords: dividend policy; intrinsic value; market value

ANALISIS FUNDAMENTAL SAHAM TERHADAP PERTUMBUHAN PERUSAHAAN (STUDI KASUS PADA PT. BLUE BIRD, TBK.)

2018 ◽  
Vol 3 (2) ◽  
pp. 39-45
Author(s):  
Sunaryono Sunaryono
Keyword(s):  
Capital Structure ◽  
Intrinsic Value ◽  
Market Price ◽  
Market Value ◽  
Financial Statements ◽  
Fundamental Analysis ◽  
Economic Data ◽  
Public Companies ◽  
The Impact ◽  
Positive Effect

The method of analysis using the fundamental strength of a country is called by fundamental analysis. In general, the fundamental strength of a country is shown by the country’s economic data. Fundamental analysis states that every stock has an intrinsic value. This analysis attempts to calculate the intrinsic value of a stock by using the fundamental data of the “ Company’s Financial Statements “, such as capital structure,earning devidends, sales, expenditure etc. This analysis will compare the intrinsic value with the market value to determine whether the market price of shares has reflected its intrinsic value or has not. The purpose of this study is to find out the company’s fundamental analysis with the liquidity ratio, the company’s growth, and the impact of the analysis on the company’s growth. The result of the research indicates that the two public companies analyzed for five years in terms of cash and cash equivalents, inventories, current assets and current liabilities is that PT. Blue Bird, Tbk was stable. Concerning profit growth, PT. Blue Bird, Tbk yielded profit. The analysis of those factors shows that it has positive effect for PT. Blue Bird, Tbk which causes many investors will invest their funds. Keywords : ; ; company’s growth  

scholarly journals Fundamental Analysis – Possiblity of Application on the Real Estate Market

2016 ◽  
Vol 24 (4) ◽  
pp. 35-46 ◽  
Author(s):  
Marta Figurska ◽  
Radoslaw Wisniewski
Keyword(s):  
Real Estate ◽  
Intrinsic Value ◽  
Supply And Demand ◽  
Real Estate Market ◽  
Fundamental Analysis ◽  
The Real ◽  
The Real Estate ◽  
True Value ◽  
The Real Estate Market ◽  
The Subject

Abstract The most common method supporting investing on the capital market or making decisions on the real estate market is technical analysis. This article, however, focuses on the less popular fundamental analysis, the importance of which is increasing on internationals markets, especially fully-developed ones. Fundamental analysis is used for long-term predictions of values of future phenomena, based on historical data and any factors likely to affect the level of supply and demand. The final result of its use is an appraisal the true value of the subject of valuation, or so-called fundamental (intrinsic) value. Using this method to analyze, diagnose and forecast economic phenomena, as well as become familiar with the market in terms of its fundamentals, positively influences the process of taking investment measures and leads to a better understanding of the real estate market. The aim of the following study is to describe the possibility of applying fundamental analysis on the real estate market, based on the principles existing on capital markets. This article serves as an introduction to the subject-matter as well as the beginning of series of publications dedicated to different aspects of conducting fundamental analysis in the context of the real estate market.

Radiation synovectomy of the knee joint

2006 ◽  
Vol 45 (01) ◽  
pp. 57-61
Author(s):  
M. Puille ◽  
D. Steiner ◽  
R. Bauer ◽  
R. Klett
Keyword(s):  
Knee Joint ◽  
Lymph Nodes ◽  
Geometric Mean ◽  
Radiation Synovectomy ◽  
Real Activity ◽  
Anterior View ◽  
Inguinal Lymph Nodes ◽  
The Real ◽  
Therapeutic Modalities ◽  
Real Value

Summary Aim: Multiple procedures for the quantification of activity leakage in radiation synovectomy of the knee joint have been described in the literature. We compared these procedures considering the real conditions of dispersion and absorption using a corpse phantom. Methods: We simulated different distributions of the activity in the knee joint and a different extra-articular spread into the inguinal lymph nodes. The activity was measured with a gammacamera. Activity leakage was calculated by measuring the retention in the knee joint only using an anterior view, using the geometric mean of anterior and posterior views, or using the sum of anterior and posterior views. The same procedures were used to quantify the activity leakage by measuring the activity spread into the inguinal lymph nodes. In addition, the influence of scattered rays was evaluated. Results: For several procedures we found an excellent association with the real activity leakage, shown by an r² between 0.97 and 0.98. When the real value of the leakage is needed, e. g. in dosimetric studies, simultaneously measuring of knee activity and activity in the inguinal lymph nodes in anterior and posterior views and calculation of the geometric mean with exclusion of the scatter rays was found to be the procedure of choice. Conclusion: When measuring of activity leakage is used for dosimetric calculations, the above-described procedure should be used. When the real value of the leakage is not necessary, e. g. for comparing different therapeutic modalities, several of the procedures can be considered as being equivalent.

PENGARUH IT SPENDING TERHADAP KINERJA PERUSAHAAN PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK SELURUH ASIA TENGGARA PADA TAHUN 2009-2011

MODUS ◽  
2016 ◽  
Vol 26 (2) ◽  
pp. 93
Author(s):  
Irene Adrayani
Keyword(s):  
Stock Price ◽  
Sampling Method ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Market Price ◽  
Market Value ◽  
Company Performance ◽  
Corporate Value ◽  
Accounting Information System ◽  
Company Value

This study aims to get empirical evidence about the infuence of IT spending on corporate value by testing the efect of IT spending on corporate value by using Tobin’s Q. Te higher the stock price, the higher the company value as well as investors’ assessment. The market price of the company’s stocks refects investors’ assessment of the overall equity held. Of the stock price refects investor can provide an assessment of a company. Tobin’s Q is the ratio of the market value of the company’s assets as measured by the market value of the outstanding stocks and debt (enterprise value) to the replacement cost of the assets of the company. The sampling method is based on purposive sampling method with the purpose to obtain a sample that meets the criteria. Tis study used a sample taken from a telecommunications company listed on the Stock Exchange throughout Southeast Asia during the period of 2009-2011. The hypothesis in this study was tested using simple regression. Based on data analysis, the result that the variable IT spending does not afect the company value.Keywords: accounting information system, Tobin’s Q, IT spending, capital expenditure, company performance

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

The 'Real' Value of Conflicted Analyst Coverage

2012 ◽  
Author(s):  
Stacey E. Jacobsen ◽  
Irina Stefanescu ◽  
Xiaoyun Yu
Keyword(s):  
Analyst Coverage ◽  
The Real ◽  
Real Value

Genetiuus and Ablatiuus pretii in Latin: concepts, functions, and formal marks

2014 ◽  
Vol 13 (1) ◽  
Author(s):  
M. Esperanza Torrego
Keyword(s):  
Intrinsic Value ◽  
Market Value ◽  
Intrinsic Property ◽  
Syntactic Position

AbstractThis paper deals with the revision of the Genitive and the Ablative as codes for the expressions of value and price. In the first part (Sections 2 and 3), the paper revisits the problem of the productivity and partial interchangeability of the two markers and concludes that both are productive, each one for one role: the Genitive is the only way of codifying intrinsic value (understood as an intrinsic property of entities), whereas the Ablative only codifies market value. Market value is projected as estimated value in some contexts, and as price, in other contexts. The second part of the paper (Section 4) deals with the syntactic position they take in their verbal contexts and concludes that the fact that the valuing expression is in the complement, not in the verbs, is an important factor in explaining the association of the Genitive to intrinsic value and the Ablative to market value (projected in some contexts as price).

Comparison of Ellipsoidal and Parabolic Mirror Systems in Fluorimetry and Room Temperature Phosphorimetry

1979 ◽  
Vol 33 (2) ◽  
pp. 166-170 ◽  
Author(s):  
G. L. Walden ◽  
J. D. Winefordner
Keyword(s):  
Room Temperature ◽  
Small Volume ◽  
Collection Efficiency ◽  
Parabolic Mirror ◽  
The Real ◽  
Real Value

The use of ellipsoidal and parabolic mirrors to increase the collection efficiency of sample luminescence is demonstrated for small volume samples. The results indicate that the real value of such systems is in the cases in which dilution to larger volumes is not desirable.

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