Analisis Dividend Discounted Model (Ddm) Untuk Valuasi Harga Saham Sebagai Dasar Keputusan Investasi (Studi Pada Perusahaan Yang Terdaftar Di Indeks Lq-45 Periode 2012-2014)

Ardhito Ario Hutomo • Topowijono Topowijono • Nila Firdausi Nuzula
Journal article Jurnal Administrasi Bisnis S1 Universitas Brawijaya • August 2016 Indonesia

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(Bahasa Indonesia, 10 pages)

Abstract

This research is based on risk of mispriced that received by investors when they are funding in the stock, thus, it creates views that investing in stocks is considered no different as mere speculation. This research shows that investors can access the reasonableness price of the stock using DDM with constant growth model to reduce the risk of mispriced so that investment decisions can be taken appropriately.Objective of this research is to assess the reasonableness the prices of stocks listed in the LQ-45 2012-2014 through dividend growth rate and the rate of return. The financial data obtained through the website of Indonesia Stock Exchange and the annual report of each company. The finding show that stock of 7 companies have undervalued. This means the prices were low, therefore the study suggests to buy the stock or hold the stock if the investors have owned them. Stock of 11 companies were overvalued, meaning that the prices were high. The investor dicision were not to buy the stock or immeduately sell stock if the investor already own the stock

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Jurnal Administrasi Bisnis S1 Universitas Brawijaya

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