STOCK VALUATION OF PT HARUM ENERGY TBK. IN 2020 USING DISCOUNTED CASH FLOW AND RELATIVE VALUATION

STOCK VALUATION OF PT HARUM ENERGY TBK. IN 2020 USING DISCOUNTED CASH FLOW AND RELATIVE VALUATION

PT Harum Energy Tbk. (HRUM) in full year 2020 had sales volume decreased by 32% from previous year, while average sales price (ASP) also decreased by 13.3% year-on-year. Revenues declined by USD 104.8 million, but in contrary, profit attributable to owners of the parent company increased by 218.9...

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Main Author: ARNOLD EKACHANDRA WIBISONO, FELISIANUS
Format: Theses
Language:Indonesia
Subjects:
Manajemen umum
Online Access:https://digilib.itb.ac.id/gdl/view/62603
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Institution: Institut Teknologi Bandung
Language: Indonesia
id id-itb.:62603
spelling id-itb.:626032022-01-14T09:11:09ZSTOCK VALUATION OF PT HARUM ENERGY TBK. IN 2020 USING DISCOUNTED CASH FLOW AND RELATIVE VALUATION ARNOLD EKACHANDRA WIBISONO, FELISIANUS Manajemen umum Indonesia Theses valuation, intrinsic value, nickel, coal, risk analysis INSTITUT TEKNOLOGI BANDUNG https://digilib.itb.ac.id/gdl/view/62603 PT Harum Energy Tbk. (HRUM) in full year 2020 had sales volume decreased by 32% from previous year, while average sales price (ASP) also decreased by 13.3% year-on-year. Revenues declined by USD 104.8 million, but in contrary, profit attributable to owners of the parent company increased by 218.9% compared to 2019. Since October 2020, HRUM’s stock price has increased over 697% in 7 months. Author, through this research, analyse intrinsic value of HRUM based on full year financial statement in 2020 to provide recommendation for investors along with analysis on business potential in coal and nickel industry for upcoming years based on risk analysis. Valuation is done using discounted cash flow and EV/EBITDA multiple. text
institution Institut Teknologi Bandung
building Institut Teknologi Bandung Library
continent Asia
country Indonesia
Indonesia
content_provider Institut Teknologi Bandung
collection Digital ITB
language Indonesia
topic Manajemen umum
spellingShingle Manajemen umum
ARNOLD EKACHANDRA WIBISONO, FELISIANUS
STOCK VALUATION OF PT HARUM ENERGY TBK. IN 2020 USING DISCOUNTED CASH FLOW AND RELATIVE VALUATION
description PT Harum Energy Tbk. (HRUM) in full year 2020 had sales volume decreased by 32% from previous year, while average sales price (ASP) also decreased by 13.3% year-on-year. Revenues declined by USD 104.8 million, but in contrary, profit attributable to owners of the parent company increased by 218.9% compared to 2019. Since October 2020, HRUM’s stock price has increased over 697% in 7 months. Author, through this research, analyse intrinsic value of HRUM based on full year financial statement in 2020 to provide recommendation for investors along with analysis on business potential in coal and nickel industry for upcoming years based on risk analysis. Valuation is done using discounted cash flow and EV/EBITDA multiple.
format Theses
author ARNOLD EKACHANDRA WIBISONO, FELISIANUS
author_facet ARNOLD EKACHANDRA WIBISONO, FELISIANUS
author_sort ARNOLD EKACHANDRA WIBISONO, FELISIANUS
title STOCK VALUATION OF PT HARUM ENERGY TBK. IN 2020 USING DISCOUNTED CASH FLOW AND RELATIVE VALUATION
title_short STOCK VALUATION OF PT HARUM ENERGY TBK. IN 2020 USING DISCOUNTED CASH FLOW AND RELATIVE VALUATION
title_full STOCK VALUATION OF PT HARUM ENERGY TBK. IN 2020 USING DISCOUNTED CASH FLOW AND RELATIVE VALUATION
title_fullStr STOCK VALUATION OF PT HARUM ENERGY TBK. IN 2020 USING DISCOUNTED CASH FLOW AND RELATIVE VALUATION
title_full_unstemmed STOCK VALUATION OF PT HARUM ENERGY TBK. IN 2020 USING DISCOUNTED CASH FLOW AND RELATIVE VALUATION
title_sort stock valuation of pt harum energy tbk. in 2020 using discounted cash flow and relative valuation
url https://digilib.itb.ac.id/gdl/view/62603
_version_ 1822004128019120128

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