STOCK VALUATION OF PT ANEKA TAMBANG TBK

• Main Author: Kartikasari, Wirapuspa
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/57395
• Institution: Institut Teknologi Bandung

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.