Analysis of Stock Valuation State-owned Enterprises Banking in Related of Forming Holding Company State-owned Enterprises in Banking and Financial Service Sector: Case Study of PT Bank Mandiri and of PT Bank BRI

Anton Adventus Kacaribu, Fachrudin, K. A. Fachrudin

2018

Abstract

This research aimed to estimate equity per share of holding company that will be created by government is undervalue or overvalue and the other aimed is to know and analyze the intrinsic value of PT Bank Mandiri (Persero) Tbk and PT Bank Rakyat Indonesia (Persero) Tbk.. For that reason PT Bank Mandiri (Persero)Tbk and PT Bank Rakyat Indonesia (Persero) Tbk is choosen, because it will be big part of equity holding. For this research, the information was used is secondary data of PT Bank Mandiri (Persero) Tbk and PT Bank Rakyat Indonesia (Persero) Tbk by using annual report, and other information from all report from other institution that support the research. This research use Free Cash Flow to Equity with Discounted Cash Flow, Relative Valuation (with Price Earning Ratio, Price to Book Value and Price to Sales Ratio) and Abnormal Earning as methods to valuing the company .As for result from the research, PT Bank Mandiri (Persero) Tbk isundervalue because the share fairvalue is Rp8.762,09/share and the closing price of the share is Rp 8.000,00/share and For PT Bank Rakyat Indonesia is also undervalue, because the share fairvalue isRp4.085,50/share and the closing price is Rp 3.640,00/share.

Paper Citation

in Harvard Style

Adventus Kacaribu A., Fachrudin. and Fachrudin K. (2018). Analysis of Stock Valuation State-owned Enterprises Banking in Related of Forming Holding Company State-owned Enterprises in Banking and Financial Service Sector: Case Study of PT Bank Mandiri and of PT Bank BRI. In Proceedings of the International Conference on Natural Resources and Sustainable Development - Volume 1: ICNRSD, ISBN 978-989-758-543-2, pages 52-57. DOI: 10.5220/0009897400002480

in Bibtex Style

@conference{icnrsd18,
author={Anton Adventus Kacaribu and Fachrudin and K. A. Fachrudin},
title={Analysis of Stock Valuation State-owned Enterprises Banking in Related of Forming Holding Company State-owned Enterprises in Banking and Financial Service Sector: Case Study of PT Bank Mandiri and of PT Bank BRI},
booktitle={Proceedings of the International Conference on Natural Resources and Sustainable Development - Volume 1: ICNRSD,},
year={2018},
pages={52-57},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009897400002480},
isbn={978-989-758-543-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Natural Resources and Sustainable Development - Volume 1: ICNRSD,
TI - Analysis of Stock Valuation State-owned Enterprises Banking in Related of Forming Holding Company State-owned Enterprises in Banking and Financial Service Sector: Case Study of PT Bank Mandiri and of PT Bank BRI
SN - 978-989-758-543-2
AU - Adventus Kacaribu A.
AU - Fachrudin.
AU - Fachrudin K.
PY - 2018
SP - 52
EP - 57
DO - 10.5220/0009897400002480