INVESTMENT ANALYSIS OF SUBSIDIZED HOUSES (CASE STUDY: PT. KREASI DISPLAY)

• Main Author: Ardiansyah, Andri
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/49856
• Institution: Institut Teknologi Bandung

PT Panorama Group is a holding company engaged in the field of housing developers or landed housing which was founded in 2001. PT Panorama Alam Indah has a business portfolio in the development of a land area become housing. In its development, as a holding company, PT. Panorama Group has changed its core business into a company engaged in the field of services which are feasibility study, planning, and construction management which has a focus as a subsidiary service provider underneath (subsidiary companies) engaged in the developer field. Subsidiary companies were specifically formed as an extension of the holding company in business development, sales implementation, financial management of the projects that it pays. This project is conducted to provide the investment analysis of subsidized house business in order to determine whether this business is financially feasible or not. The indicators that used are Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PBP), and Profitability Index (PI) while the other measurements involved to find out the most sensitive variable that affect to NPV by using sensitivity analysis with Monte Carlo Simulation. The results of the investment analysis are: NPV is Rp19,447,050,109, IRR is 55.16%, PBP is 2.40 years, and PI is 8.65. Based on the results of these indicators it can be concluded that this business is financially feasible. The sensitivity analysis shows that the variable price per unit is the most influential factor in this project while Monte Carlo Simulation shows possibility of company to get NPV lower than required NPV is 22.31% and the possibility to get greater NPV than base result is 25.77%.