ANALISIS NILAI WAJAR HARGA SAHAM DENGAN ANALISA FUNDAMENTAL PADA BADAN USAHA MILIK NEGARA (BUMN) DI SUBSEKTOR KONSTRUKSI BANGUNAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

MUTOHARY, MUTOHARY (2018) ANALISIS NILAI WAJAR HARGA SAHAM DENGAN ANALISA FUNDAMENTAL PADA BADAN USAHA MILIK NEGARA (BUMN) DI SUBSEKTOR KONSTRUKSI BANGUNAN YANG TERDAFTAR DI BURSA EFEK INDONESIA. Skripsi thesis, Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta.

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Abstract

ABSTRAK Tujuan dari penelitian ini adalah untuk mengetahui nilai wajar harga saham perusahaan-perusahaan Badan Usaha Milik Negara (BUMN) subsektor konstruksi bangunan di Bursa Efek Indonesia (BEI) sehingga dapat dikategorikan Undervalued atau Overvalued serta mengetahui perusahaan-perusahaan tersebut layak beli atau tidak yang akan berguna bagi investor dalam mengambil keputusan dalam investasi. Penelitian ini dilakukan dengan strategi studi kasus yang berfokus pada BUMN subsektor konstruksi bangunan. Metode yang dilakukan ialah metode deskriptif. Penelitian ini menggunakan data laporan keuangan BUMN subsektor konstruksi bangunan selama lima tahun terakhir. Data yang digunakan dalam penelitian ini berupa data primer dan sekunder. Teknik pengumpulan data menggunakan studi pustaka dan dokumen yang sebagian besar diambil dari situs BEI: www.idx.co.id. Analisis dilakukan dengan menggunakan Analisis Fundamental top-down analysis dan mencari nilai wajar saham perusahaan dengan metode Discounted Cash Flows yang dipadukan dengan Capital Asset Pricing Model sehingga nilai wajar saham perusahaan dapat ditemukan. Hasil penelitian menunjukkan bahwa nilai wajar PT. Adhi Karya (Persero) Tbk dan PT. Wijaya Karya (Persero) Tbk dikategorikan Overvalued sepanjang tahun 2017 dan dinilai tidak dapat dijadikan sebagai objek investasi, sedangkan PT. Pembangunan Perumahan (Persero) Tbk dan PT. Waskita Karya (Persero) Tbk dikategorikan Undervalued sepanjang tahun 2017 dan dinilai dapat dijadikan sebagai objek investasi dan direkomendasikan untuk investasi jangka menengah atau panjang. Kata Kunci : Investasi, Nilai Wajar Saham, Harga Pasar, Saham, Dividen, Analisa Fundamental, Capital Asset Pricing Model, Discounted Cash Flows, Undervalued, Overvalued. // ABSTRACT The purpose of this research is to know the fair value of stock price of State Owned Enterprises (SOEs) sub-sector of building construction at Indonesian Stock Exchange (IDX) so that it can be categorized as Undervalued or Overvalued and know the companies are worth buying or not that will be useful for investors in making decisions in investments. This research is conducted with case study strategy that focuses on SOEs building construction sub-sector. The method used is descriptive method. This research uses data of financial statements of SOEs building construction sub-sector during last five years. The data used in this research are primary and secondary data. Technique of collecting data using literature study and document which mostly taken from IDX website: www.idx.co.id. The analysis is performed by using Fundamental Analysis of top-down analysis and looking for fair value of company stock by Discounted Cash Flows method combined with Capital Asset Pricing Model so that fair value of company stock can be found. The results showed that the fair value of PT. Adhi Karya (Persero) Tbk and PT. Wijaya Karya (Persero) Tbk is categorized as Overvalued in 2017 and considered not to be used as investment object, while PT. Pembangunan Perumahan (Persero) Tbk and PT. Waskita Karya (Persero) Tbk is categorized as Undervalued in 2017 and considered to be an investment object and recommended for medium or long term investment. Keywords: Investment, Fair Value of Stock, Market Price, Stock, Dividend, Fundamental Analysis, Capital Asset Pricing Model, Discounted Cash Flows, Undervalued, Overvalued.

Item Type: Thesis (Skripsi)
Contributors:
ContributionContributorsNIDNEmail
Thesis advisorANHAR, MUHAMMADNIDN0019095901m.anhar@stei.ac.id
Subjects: Akuntansi > Akuntansi Keuangan
Divisions: S1 Akuntansi
Depositing User: Mr Miptahudin Almurtado
Date Deposited: 28 Nov 2022 02:11
Last Modified: 28 Nov 2022 02:11
URI: http://repository.stei.ac.id/id/eprint/8928

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