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Fundmental Analysis for Stock Price Valuation by Using Price Earnings Ratio Method (Study at Mining Companies Listed on Indonesian Stock Exchange Year 2011-2013)

机译:使用市盈率法进行股价估值的基础分析(对在印尼证券交易所上市的矿业公司的研究(2011-2013年))

摘要

The research was conducted based on the misprice on the investment of stock. The misprice of investment on stock can be reduced with evaluate the reasonable of stock price by using fundamental analysis. The fundamental analysis that used in this research is Price Earnings Ratio (PER) method. The PER method aim to know the reasonableness of stock price with compare the intrinsic value of stock and the stock market price. The research is descriptive quantitative method. The research takes the sample on mining industry listed on Indonesian Stock Exchange period 2011-2013. Based on the analysis by using PER method, the result of the research shows that the stock of ANTM, PTBA, and TINS in 2011 until 2013 is undervalued, thus the investment decision is purchase the stock. Whereas, estimating the stock position in 2014 is overvalued. Therefore the investment decision is sell the stock. Stock of RUIS in 2011 and in 2014 estimated is overvalued thus the investment decision is sell the stock. Meanwhile, in 2012 until 2013 the stock of RUIS is undervalued and the investment decision is purchase the stock.
机译:该研究是基于股票投资的错误价格进行的。通过使用基础分析评估股票价格的合理性,可以减少股票投资的错误价格。本研究中使用的基本分析是市盈率(PER)方法。 PER方法旨在通过比较股票的内在价值和股票市场价格来了解股票价格的合理性。该研究是描述性定量方法。该研究采用了在印尼证券交易所2011-2013年上市的采矿业样本。基于PER法的分析结果表明,2011年至2013年ANTM,PTBA和TINS的股票被低估,因此,投资决策为购买股票。而估算2014年的库存状况被高估了。因此,投资决策是出售股票。 RUIS的库存在2011年和2014年估计过高,因此投资决策是出售库存。同时,从2012年到2013年,RUIS的股票被低估了,投资决定是购买股票。

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