STOCK VALUATION OF PT ANEKA TAMBANG TBK
In 2020, ANTM's shares have increased significantly by amounting 131%. Supported by the formation of mining holding (MIND ID) and battery consortium (IBC) by the government of Indonesia, is believed as the main reason for market optimism. The study will analyze the financial health of ANTM a...
Saved in:
| Main Author: | |
|---|---|
| Format: | Theses |
| Language: | Indonesia |
| Subjects: | |
| Online Access: | https://digilib.itb.ac.id/gdl/view/57395 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | In 2020, ANTM's shares have increased significantly by amounting 131%. Supported by the formation
of mining holding (MIND ID) and battery consortium (IBC) by the government of Indonesia, is believed
as the main reason for market optimism.
The study will analyze the financial health of ANTM and stock valuation of ANTM for five years
projections (2021-2025). ANTM will be analyzed by using absolute and relative valuation. Regarding
absolute valuation, the author used the ARIMA and Exponential Holt method with 80 and 95 percentile
of confidence level to project sales growth which refers to the historical price of gold and nickel in
2010-2020. The results obtained from the valuation, ANTM shares are still categorized as undervalued.
For relative valuation, the author used financial ratios and compares them among three companies in
the same field. However, overall, the financial performance of ANTM is below the industry average,
except for the PER and PBV ratio. |
|---|