1. Kasus Stock Valuation Perusahaan di BEI:Bobot 80%

In investing in the capital market, an investor must have good analytical skills to be able to interpret the situation and conditions that exist in society. Especially during times of crisis where share values tend to weaken, investors must be more selective in choosing which shares have fundamentals that are still strong enough and are good to buy or hold. The point is buy low sell high. So investors can determine whether the value of the shares to be invested is still cheap enough or too high.

In this pandemic era, companies need to adapt to developments in the digitalization era. On the one hand, digitalization provides benefits due to efficiency, but on the other hand, digitalization changes very quickly so companies must always monitor developments so they can adapt. Quoting an article written by Republika Saturday 22 Aug 2020 23:09 IWST, Warta gave appreciation to the 135 public companies that were presented at The Most Valuable Company Award 2020: Best 5-Months Stock Performance. "With this good performance, these issuers are expected to make a maximum contribution to the national economy," said Ihsan, CEO of Warta Ekonomi.

During a crisis period, the industry average share price will fall to its lowest point in the current year. However, as a country's economy improves, the share price of a company will slowly strengthen. What is interesting to ask is how the stock value will reach its highest point. And what is the fair value of the shares.

To find out the company's valuation on the IDX: Look for the financial report of a company listed on the IDX for the last 2 years, 2019 and 2020.

Regarding good performance and growth and share price volatility, it is necessary to analyze the relationship between growth and the company's share price, which is generally calculated using PE ratio analysis. Apart from that, it is also necessary to identify whether the company's growth and increase in the PE ratio will be in line with the stock's intrinsics when calculated from the fundamental side.

Carry out a valuation analysis of the shares of the company you choose, by answering the following questions (include the theory used)

Make it count

1. Calculate the fair value of the shares based on fundamental analysis using the Free Cash Flow to Equity Discount Model (FCFE) method and Price/Earnings ratio (P/E) level analysis.
2. Determine the fair value of each company listed on the Indonesian Stock Exchange that you use as an example so that it can be used as a reference for investors in making investment decisions.
3. Analyzing the relationship between the growth of each company and the growth of the company's share price using the PE ratio approach
4. Identify whether the company's growth and increase in the PE ratio will be in line with the intrinsic value of the shares when calculated from the fundamental side