VALUATION OF PT PETROKIMIA GRESIK IN RAISING CAPITAL FOR NEW BUSINESS DEVELOPMENT

• Main Author: Taufik Mohar, Mohammad
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/69757
• Institution: Institut Teknologi Bandung

PT Petrokimia Gresik in recent years has stagnant profits and tends to decline in recent years. If profits continue to decline, it will be a problem where the growth phase has passed and has entered a declining period. This problem is due to several factors, one of which is because there has been no development in the last few years. The effect of Petrokimia Gresik has no project is major impact on the company's financial condition. To find out what problems occur and what strategies need to be done, it is identified using factors from internal and external that will be matched in a strategy to solve them. In this strategy, several factor analyzes were carried out such as Porter 5 forces, PESTEL, Clausal Loop Diagram, Finance ratio, SWOT, Dupont Analysis, and SPACE Matrix. From here, one way to increase revenue is to develop integrated aggressive projects. By developing an aggressively integrated project which requires a large investment budget, so the company is required to become an listed company to obtain project funding for integrated aggressive project expansion. The selected of Valuation calculation is using the most appropriate method, namely FCFE calculation where net worth is the benchmark for calculations with a factory period of 20 years. The results of the valuation are used as an approach to the value of sales per share that can be used when conducting an Initial Public Offering (IPO). The final recommendation is to estimate how much the stock price will be and how many shares are expected to be sold to be able to finance the project by considering the impact of increasing profits for the company in the future.