Analisis Valuasi Saham Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Studi Kasus Perusahaan Yang Tercatat Di Bursa Efek Indonesia

Putu Lusyana Fitri Pertiwi

Sari


Stock is one of the tools that used to search for additional funding. Stocks always have movements or fluctuations are influenced by various factors. Investments in shares requires analysis to measure the value of shares, namely fundamental analysis and technical analysis. In addition, investors should analyze the stock before investing valuation to estimate the intrinsic price for a stock based on fundamentals of document. With the object of research is Manufacturing Industry Sector Consumer Goods and 3 method ,those are Free Cash Flow to Equity, Relative Valuation, and Capital Asset Pricing Model Based on the background of the problem that could be formulated in this study is whether the estimated intrinsic value of the shares is computed using the approach Free Cash Flow to Equity, Relative Valuation, and Capital Asset Pricing Model will show the condition overvalued or undervalued when compared with the market price. Based on the calculations, the results showed the results for the intrinsic value of shares AISA after analysis using several methods derived fair value as follows, using the FCFE obtained by Rp 430,03, RV obtained by the method of Rp 98.368.50, and the CAPM method obtained by Rp 444,08. Shares INDF after analysis using several methods derived fair value as follows, using the FCFE obtained for Rp 14.070,02, RV obtained by the method of Rp 16.100,00, and the CAPM method is obtained by Rp 1262,51. Shares MYOR after analysis using several methods derived fair value as follows, using the FCFE obtained for Rp 16.599,00, RV obtained by the method of Rp 5600.00, and the CAPM method obtained by Rp 291,72. Shares GGRM after analysis using several methods derived fair value as follows, using the FCFE obtained for Rp 13.508.00, RV obtained by the method of Rp 127,600, and the CAPM method obtained at 6355.13. Shares UNVR after analysis using several methods derived fair value as follows, using the FCFE obtained for Rp 12785.14, RV obtained by the method of Rp 626.60, and the CAPM method is obtained by Rp 4056.35. Shares KLBF after analysis using several methods derived fair value as follows, using the FCFE obtained for Rp 4294.59, RV obtained by the method of Rp 1926.00, and the CAPM method is obtained by Rp 465.68. Shares PYFA after analysis using several methods derived fair value as follows, using the FCFE earned Rp 9.96, with RV method obtained by Rp 462.00, and the CAPM method is obtained by Rp 7.82. Survey results revealed that more overvalued stocks happen mainly on the results of research using the CAPM

Key words : valuasi saham , Free Cash Flow to Equity, Relative Valuation, Capital Assets Pricing Model


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