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All Journal Jurnal Siasat Bisnis Jurnal Manajemen Teknologi Business and Management Review Jurnal Keuangan dan Perbankan Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Jurnal Bisnis dan Manajemen Jurnal Manajemen Indonesia JAF- Journal of Accounting and Finance International Journal of Multidisciplinary: Applied Business and Education Research
Riko Hendrawan
Telkom University
Religion Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Medicine & Pharmacology Social Sciences

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Journal : JAF- Journal of Accounting and Finance

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Valuation Analysis Using Fcff And Rv Of Oil And Gas Sub-Sector Companies On Idx 2016-2020 Muhammad Chalil Gilbran; Riko Hendrawan
JAF (Journal of Accounting and Finance) Vol 6 No 1 (2022): JAF- Journal of Accounting and Finance
Publisher : Telkom University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25124/jaf.v6i1.4035

Abstract

This research aims at examining the intrinsic value of stocks in the oil and gas sectors in 2021. This research used 2016-2020 data to calculate the historical performance of each company, which was projected from 2021-2025 based on three scenarios: optimistic, moderate, and pessimistic. This research employed estimates of the company’s financial behavior in the last five years. The methods used to assess the intrinsic value of these shares were Discounted Cash Flow (DCF) and Relative Valuation (RV). From the results of the research using the DCF method, the following results were obtained: MEDC and ELSA were undervalued in all scenarios, while ESSA was overvalued in all scenarios. With the RV method, the following results were obtained: MEDC, ESSA, and ELSA were undervalued in all scenarios. Overall, MEDC shares were overvalued by -44.7%, ESSA shares were overvalued by 4.6%, ELSA shares were undervalued by -45.6%.
Co-Authors Al-Farisi, Ade Salman Alex Soelistyo Anggadi Sasmito Ariful Ulya Dwipanca Adi Nugraha Enggar Pratiwi Farida Titik Kristanti Gayuh T Permana Gede Teguh Laksana Kristian WA Nugroho Muhammad Bayu Aji Sumantri Muhammad Chalil Gilbran Nurul Rachma Fadhyla Pebri Yanida Rifqi Dzakiri Salehudin Eka Saputra Alrasidi Setiawan, Rian Teika Trikartika Gustyana Tendi Haruman Tendi Haruman Wiwin Aminah