Jurnal Manajemen, Vol 12, No 1 (2008)

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ESTIMASI NILAI INTRINSIK SAHAM PT INDOFOOD SUKSES MAKMUR, TBK. DENGAN MENGGUNAKAN DIVIDEND DISCOUNT MODEL

Andi Wijaya, . Viriany

Abstract


The economic recovery of Indonesia, capital market is the one o investment in Indonesia. A rational investors will allocate some money to shares that have good performance. For knowing the good shares, investors can be use value of intrinsict approach. The fundamental analysis is needed to know the value of intrinsict of shares, and conclusion is overvalued or undervalued from market price. This research is intended to know how investors make a decision based on estimation from intrinsict value of share PT Indofood Sukses Makmur (INDF). This research use secondary data from the financial statement of PT Indofood Sukses Makmur period 1999-2006, IHSG, SBI rate, market price of share INDF period November 2006-October 2007. Dividend discount model is used to estimate intrinsict value share of INDF. The result is price of share INDF are overvalued.

 

Key Words:

The Value Of Intrinsict, Dividend Discount Model, Overvalued, Undervalued


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