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FUNDAMENTAL AND TECHNICAL ANALYSIS AS THE BASIS FOR SHARE INVESTMENT DECISION MAKING Putri, Mahrani; Aminda, Renea Shinta; Yudhawati, Diah
Manager : Jurnal Ilmu Manajemen Vol. 6 No. 1 (2023): Manager : Jurnal Ilmu Manajemen
Publisher : Universitas Ibn Khaldun Bogor

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Abstract

At the beginning of 2020, when the COVID-19 virus entered Indonesia, the Indonesian economy slumped and experienced a decline. However, there are some companies that actually benefit and the fluctuations in the company's stock price tend to be stable. One of them is a pharmaceutical company. Over time, when the Indonesian people began to adapt, many industrial companies were targeting investors from the community to be used as a source of capital for their companies through the capital market. Before investing in stocks, investors should first examine their stocks with fundamental and technical analysis. The purpose of this research is for investment decisions to sell and buy stocks with fundamental and technical analysis. This research is quantitative descriptive. The population of this study is the pharmaceutical sub-sector companies listed on ISSI for the period 2019-2021. The decision-making method in this study uses purposive sampling and the number of samples is 8 companies. This study uses secondary data and research variables, namely NPM, ROA, ROE, PBV and RSI. The results obtained in this study, with a fundamental analysis of the financial performance of 8 pharmaceutical sector companies, 5 companies including PT. Darya Varia Laboratoria Tbk, PT. Kalbe Farma Tbk, PT. Merck Indonesia Tbk, PT. Industri Jamu dan Farmasi Sido Muncul Tbk, dan PT. Tempo Scan Pasific Tbk. have good financial performance. And 3 companies, namely PT. Indofarma Tbk, PT. Kimia Farma, PT Pharos Tbk experienced a decline. The best year's PBV for stock transactions is in 2021 with an average of 4.23. With the Technical Analysis of the Relative Strength Index, in 2019 PT. Industri Jamu dan Farmasi Sido Muncul Tbk, PT. Darya Varia Laboratoria Tbk received the highest return. In 2020, PT Indofarma Tbk and PT Kimia Farma Tbk received the highest returns. Then in 2021 PT. Industri Jamu dan Farmasi Sido Muncul Tbk, PT. Darya Varia Laboratoria Tbk and PT Indofarma Tbk produced the highest returns.”
ANALYSIS OF VALUATION AND STOCK RETURNS AS A BASIS FOR MAKING STOCK INVESTMENT DECISIONS WITH THE DISCOUNTED CASHFLOW (DCF) METHOD Zahra, Ghinayatul; Yudhawati, Diah; Maulida, Denia
Manager : Jurnal Ilmu Manajemen Vol. 6 No. 1 (2023): Manager : Jurnal Ilmu Manajemen
Publisher : Universitas Ibn Khaldun Bogor

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Abstract

This research is motivated by the development of infrastructure that runs rapidly and results in competition between companies. Therefore the company must be able to survive and improve its business performance to attract more investors to invest. The purpose of this study was to determine the analysis of stock valuation and stock returns in a company as the basis for making stock investment decisions whether undervalued or overvalued by using one of the stock valuation analyzes, namely the Discounted Cash Flow (DCF) method. from the Sea Transportation SubSector Companies Listed on the IDX for the 2017-2021 Period. The results of the analysis in this research are that the condition of the shares of LEAD and MBSS in 2017-2021 is undervalued where the market price is lower than the fair price, so investors should buy these shares. Meanwhile, BBRM, BLTA and HITS 2018 and BBRM, HITS and PTIS in 2020 are overvalued where the market price is higher than the fair price, so investors should sell the company's shares.
Analysis of Financial Distress Predictions Using Altman (Z-score), Zmijewski (X-score) and Grover (G-score) Methods Rahayu, Sari; Yudhawati, Diah; Suharti, Titing
Manager : Jurnal Ilmu Manajemen Vol. 6 No. 4 (2023): Manager : Jurnal Ilmu Manajemen
Publisher : Universitas Ibn Khaldun Bogor

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Abstract

The purpose of this study is to determine the prediction of financial distress analysis using the Altman Z-Score, Zmijewski and Grover methods and to determine the most accurate prediction method of financial distress analysis and the error rate of the three methods used in predicting Retail Sub Sector Companies. The type of data in this study uses quantitative data and uses secondary data sources obtained from company financial reports on the Indonesian Stock Exchange website. The sampling procedure used was purposive sampling with predetermined criteria. The samples in this study were 21 Retail Sub Sector companies listed on the Indonesia Stock Exchange for the 2019-2021 period. The data analysis method used was Altman's Modified Z-Score, Zmijewski and Grover methods. The results of this study indicate that the Altman Modified Z-Score method has an accuracy rate of 63%, the Zmijewski method is 62% and the Grover method is 54%. It can be concluded that the Altman modified (Z-Score) method is a method that has the highest level of accuracy for analyzing financial distress in Retail Sub Sector companies for the 2019-2021 period.
ANALYSIS OF FINANCIAL DISTRESS USING THE ZMIJEWSKI (X-SCORE) METHOD Yanti, Novi; Aminda, Renea Shinta; Yudhawati, Diah
Manager : Jurnal Ilmu Manajemen Vol. 6 No. 4 (2023): Manager : Jurnal Ilmu Manajemen
Publisher : Universitas Ibn Khaldun Bogor

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Abstract

The purpose of this study was to analyze the financial distress of plantation sub-sector companies using the Zmijewski method (X-Score) and to determine the level of accuracy and type of error of the three methods. The population in this study are 19 companies. Then, the samples in this study were obtained using a purposive sampling technique of 44 samples from 11 plantation sub-sector companies listed on the Indonesia Stock Exchange in 2018-2021. The data source used in this study uses secondary data in the form of company financial reports from the official website of the Indonesia Stock Exchange and the websites of each company. The analysis technique used is a quantitative descriptive analysis technique using financial ratios from the Zmijewski method. The results of this study indicate that the Zmijewski method has an accuracy rate of 36%. Two companies experiencing financial distress PT. Jaya Agra Wattie Tbk and PT. Eagle High Plantations Tbk.
Analysis of the Financial Performance of LQ-45 Banking Companies Before and After Rights Issues Fahrudin; Suharti, Titing; Yudhawati, Diah
Manager : Jurnal Ilmu Manajemen Vol. 8 No. 2 (2025): Manager : Jurnal Ilmu Manajemen
Publisher : Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/managerjurnalilmumanajemen.v8i2.1641

Abstract

This study aims to determine whether there are significant differences in the company's financial performance before and after the implementation of the right issue action in LQ-45 index banking companies in the 2020-2023 period. Financial performance in this study is measured using current ratio and return on equity indicators. The type of data in this study is quantitative with secondary data sources. Sample collection using purposive sampling technique with sample results consisting of 4 banking companies. The analysis method was carried out with a paired samples t-test using SPSS 27. The results of this study indicate that there is a significant difference in the current ratio before and after the implementation of the right issue. Meanwhile, return on equity does not show a significant difference in the financial performance of banking companies in the LQ-45 index in the 2020-2023 period.
Pengaruh Rekrutmen dan Penempatan Kerja Terhadap Kinerja Karyawan PT. Artdeco Inti Kreasi Muhammad Fadly Prambudi; Syahrum Agung; Diah Yudhawati
Indonesian Journal of Innovation Multidisipliner Research Vol. 1 No. 3 (2023): Juli - September
Publisher : Institute of Advanced Knowledge and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/ijim.v1i3.26

Abstract

This study aims to determine the effect of recruitment and job placement on the performance of PT Artdeco Inti Kreasi employees. This type of research is quantitative. The population of this study were employees of PT Artdeco Inti Kreasi. The analysis used is quantitative technique using saturated sampling technique with a population of 40 respondents. This research instrument is a questionnaire. The results of the research instrument test used multiple regression analysis tests, t tests, f tests. The results of the analysis show that recruitment and job placement have a significant effect on employee performance with the results of multiple regression analysis tests. The results of the recruitment t test obtained the results of the t test < t table (0.936 < 2.026) means Ho1 is accepted Ha1 is rejected, the job placement t test obtained the results (12.800> 2.026) means Ho2 is rejected and Ha2 is accepted, and the f test results are (351.657> 3.252) meaning Ho3 is rejected Ha3 is accepted. Based on the results of this data, it can be concluded that recruitment and job placement affect the performance of employees of PT Artdeco Inti Kreasi.
ANALISIS FINANCIAL DISTRESS DENGAN MENGGUNAKAN MODEL ZMIJEWSKI DAN GROVER PADA PERUSAHAAN SUB SEKTOR TRANSPORTASI DAN LOGISTIK YANG TERDAFTAR DI BEI   Vina Sulistia Damayanti; Titing Suharti; Diah Yudhawati
Jurnal Ekonomi dan Bisnis Vol. 1 No. 2 (2023): JEBI: Jurnal Ekonomi dan Bisnis
Publisher : CV. Adiba Aisha Amira

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Abstract

This study aims to determine the most accurate model between the zmijewski model and the grover model for financial distress assessment in the transportation and logistics sub-sector in 2019 - 2021. The population of this study is the transportation sub-sector periiode 2019 - 2021 with a total sample of 6 companies. The sample selection procedure in this study was purposive sampling method. The data analysis technique used in this research is descriptive analysis technique. The results of this study are that there are several transportation sub-sector companies and those that have the potential to experience financial distress because they experience poor financial conditions. The results of this study indicate that the calculation of the highest level of accuracy is the zmijewski model, namely with an accuracy level of 38.88% with a type error of 61.11% and the grover model has an accuracy level of 27.77% and has a type error of 72.22%.
Pengaruh Risiko Pembiayaan dan Likuiditas Terhadap Profitabilitas pada Perbankan Syariah di Bursa Efek Indonesia (Periode 2020-2024) Nur azizah Azizah; Diah Yudhawati; Yudiana Yudiana
Jurnal Akuntansi Keuangan dan Bisnis Vol. 4 No. 1 (2026): April - Juni
Publisher : CV. ITTC INDONESIA

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This study aims to determine the effect of financing risk and liquidity on profitability, both partially and simultaneously. The population for this study consists of four Sharia Commercial Banks (BUS) listed on the Indonesia Stock Exchange (IDX). The variables include financing risk (proxied by Non-Performing Financing/NPF), liquidity (proxied by the Financing to Deposit Ratio/FDR), and profitability (proxied by Return on Assets/ROA). This study employs quantitative data, specifically secondary data obtained from the banking companies' published reports on the IDX. A purposive sampling method was used, resulting in the selection of four companies that met the criteria. The analysis techniques employed include descriptive statistical analysis, panel data regression, classical assumption testing, multiple linear regression, the coefficient of determination, and hypothesis testing using EViews 10 software. The results indicate that, when analyzed individually (partially), the financing risk variable has a significant effect on profitability, whereas liquidity does not. However, when analyzed simultaneously, both financing risk and liquidity have a significant effect on profitability.
Pengaruh Profitabilitas, Nilai Perusahaan, dan Struktur Modal Terhadap Harga Saham Subsektor Kabel di Bei Periode 2020-2025 Azhar Fikri Andhika; Diah Yudhawati; Imam Sundarta
Jurnal Akuntansi Keuangan dan Bisnis Vol. 4 No. 2 (2026): Juli - September
Publisher : CV. ITTC INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62379/jakbs.v4i2.4824

Abstract

This study aims to examine the effect of Profitability proxied by Earnings Per Share (EPS), Firm Value proxied by Price to Book Value (PBV), and Capital Structure proxied by Debt Equity Ratio (DER) on stock prices, both partially and simultaneously.This research employs quantitative data, utilizing secondary data sources derived from the companies' financial statements The population in this study comprises 7 cable sub-sector companies listed on the Indonesia Stock Exchange (IDX). The sampling process was conducted using a purposive sampling technique based on specific predetermined criteria. Through this sampling method, 6 eligible companies were selected for analysis with a six-year observation period, from 2020 to 2025. The entire data processing was analyzed utilizing EViews 13 statistical software. This study applies inferential analysis with a panel data regression method. Once the data was verified to fulfill the classical assumption tests, the Random Effect Model (REM) was determined as the most efficient and relevant model to use. Based on the hypothesis testing results, it is proven that all independent variables exert a significant influence on stock price movements, both partially and simultaneously
Pengaruh Working Capital Turnover dan Leverage Terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Moderasi Andini Novia Wulandari; Immas Nurhayati; Diah Yudhawati
eCo-Fin Vol. 8 No. 2 (2026): eCo-Fin
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/ef.v8i2.3978

Abstract

Penurunan nilai perusahaan yang diukur menggunakan Price to Book Value pada perusahaan sub sektor food and beverage menunjukan adanya tekanan terhadap kepercayaan investor, meskipun sektor ini terus berkembang setiap tahunnya. Penelitian ini bertujuan untuk mengetahui pengaruh working capital turnover dan leverage terhadap nilai perusahaan, serta menguji peran profitabilitas sebagai variabel moderasi. Jenis penelitian yang digunakan adalah kuantitatif. Data yang diperoleh dalam penelitian ini yakni data sekunder yang bersumber dari laporan keuangan tahunan di Bursa Efek Indonesia dan situs resmi perusahaan terkait. Teknik pengumpulan data dilakukan melalui studi pustaka dan dokumentasi. Populasi penelitian ini yaitu perusahaan sub sektor Food and Beverage yang terdaftar di Bursa Efek Indonesia periode 2020-2024. Teknik pengambilan sampel menggunakan purposive sampling sebanyak 20 perusahaan dari 98 perusahaan dengan total 100 observasi data selama lima tahun. Analisis data dilakukan melalui regresi data panel dengan pendekatan Moderated Regression Analysis (MRA) menggunakan model yang terpilih yaitu Fixed Effect Model(FEM) dan diolah dengan bantuan aplikasi E-Views versi 13. Hasil penelitian menyatakan bahwa (1) Working Capital Turnover berpengaruh negatif dan tidak signifikan terhadap Nilai Perusahaan, (2) Leverage berpengaruh positif dan signifikan terhadap Nilai Perusahaan, (3) Working Capital Turnover dan Leverage secara simultan berpengaruh signifikan terhadap Nilai Perusahaan, (4) Profitabilitas mampu memoderasi pengaruh Working Capital Turnover terhadap Nilai Perusahaan, (5) Profitabilitas tidak mampu memoderasi pengaruh Leverage terhadap Nilai Perusahaan.
Co-Authors ., Asti Marlina ., Budihardjo ., Budiharjo Achmad, Ardyansyah Armanda Saputra Adawiyah, Siti Robiatul Adilla Zahratul Hilmi Agung Wibowo Ahmad Damar N H Ahmad Zulfikar Akbar, Savira Alarsy, Alfi Arrahman Alsalbiyah, Neng Nur Alya Putri Khairunnisa Andini Novia Wulandari Angga Prasetia Angga Prasetia Anggraeni, Dea Lirista Anjari, Adzkia Puspa Anuraga Kusumah Apriyani, Ria Ari, Silvia Asti Marlina Aulia Zahra Azhar Fikri Andhika Azolla Degita Azis Berliani Fatimah Cindy Apriliani Damayanti, Lusi damayanti, muthia Denia Maulani Diyah Novitasari Drajat, Romi Aditiya Edwin Darmawan Darmawan fahrudin Fatimah, Berliani Fauzan, Irfan Hadi Fina Adlia Firdaus, M. Azis Ginting, Adilla Zahratul Handayani, Laras Ayu Fitri Hurriyaturrohman Hurriyaturrohman Hurryaturrohman Ida Farida Ijudin Imran, Ulfa Mahfiah Ismawardhani, Mutiara Ismawati Ismawati Isnadia, Inggit Julianto ., Julianto Kapriadi, Delfa Khotijah, Nur Zulfa Kurniasih, Dina Lestari, Lian Asti Lubis, Vivi Alda Indah M. Ali Fikri M. Imam Sundarta M. Zakie Hanifan Maida Ayu Putri Masruri, M. Anwar Maulida, Denia Mentari, Veny Monica Tasya Selvia Mubarok, A. Muhamad Azis Firdaus Muhammad Fadly Prambudi Muhammad Nur Rizqi Mukhtaram, M. Ardyan Mulyani, Echa Tania Nasution, Armansyah Nasution, Halimatussa' diah Niati, Atikah Indah Nida Ussyaripah Khoerul Akilah Novi Yanti Novianto, Deri Novita Ika Dyamayanti Nur azizah Azizah Nurasila, Ersah Nurhayati, Immas Nurmaalasari, Siti Ofan Maulana Yudista Pebi Silpiawati Prasetyowati, Riris Aishah Purnama, Risky Putra, Riki Ade Putri Widianti Putri, Mahrani Putri, Yucke Olviani Rachmatulaily K.R Rahayu, Sari Rahmat Mulyana Dali Ramadan, Dicky Ramadhanty, Dini Rasiman Rasiman Renea Shinta Aminda Saidah, Latifatus Saidah, Rina Salman, Vaina Hanin Salwa Salsabila Saputra, Muhammad Meigie Septa Anggraeni Septi Wulandari Septianti, Ajeng Septy Putri Andini Sherlina Ayu Dwi Miliyani Sholahuddin, Mohammad Siami, Astri Sifha Hafidza Silfy Ayu Rahmawati Siti Nur Maulani Siti Nur Maulani Siti Rossy Aida Supramono Syahrani Arselia Putri Syahrum Agung Syamsiar, Syamsiar Titing Suharti Triana, Elida Verni Asvariwangi Vina Sulistia Damayanti Widiya, Dede Wijaya, Alni Novianti Yulyawati, Suci Yunita . Zahra, Ghinayatul