FINANCIAL PERFORMANCE ANALYSIS AND STOCK VALUATION OF PT MITRABARA ADIPERDANA, TBK. (MBAP)

• Main Author: Sarif, Rukmin
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/62942
• Institution: Institut Teknologi Bandung

In October 2021, the price of coal touched 269.5 dollars per ton, the highest since 2008. Many factors have influenced the increase in coal prices, one of which is the coming winter and rising demand for energy in line with the recovery of the world economy after the availablity of Vaccines for Covid-19. The disruption of underground coal mining production in China is due to weather factors so that it is not sufficient for the country's coal demand. In Europe, the supply of natural gas is also experiencing disruption so that it becomes scarce and shifts to coal. PT Mitrabara AdiPerdana, Tbk. (MBAP) is one of the coal companies that has a fairly good financial performance even though the price of coal had touched 50 dollars per ton during covid-19 in 2020. Compared to other coal mining companies, PT Mitrabara Adiperdana, Tbk. is a public company that has highest dividend yield. In August 2020, PT Mitrabara Adiperdana, Tbk. distributed a cash dividend of IDR. 358 per share which is more than 10% yield. This final project aims to calculate the intrinsic value of MBAP with absolute method or discounted cash flow model. The calculated intrinsic value is to be compared by relative valuation to get recommendation for investor in making decision whether to sell, hold or buy. According to Discounted Cash Flow (DCF) method, the company intrinsic value at end of 2021 is IDR 4.556 per share, th