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All Journal Asia-Pacific Management and Business Application Journal of Economic, Bussines and Accounting (COSTING) Journal on Education Ensiklopedia of Journal KOLOKIUM: Jurnal Pendidikan Luar Sekolah Jurnal Informatika Ekonomi Bisnis Emerging Markets : Business and Management Studies Journal Jurnal Manajemen Bisnis Eka Prasetya COMSERVA: Jurnal Penelitian dan Pengabdian Masyarakat Jurnal Indonesia Sosial Sains Cerdika: Jurnal Ilmiah Indonesia Jurnal Manajemen Kreatif dan Inovasi J-CEKI
Jerry Heikal
Bakrie University
Arts Humanities Astronomy Biochemistry, Genetics & Molecular Biology Chemistry Computer Science & IT Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Energy Environmental Science Health Professions Immunology & microbiology Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Neuroscience Physics Public Health Social Sciences

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Journal : Cerdika: Jurnal Ilmiah Indonesia

 1 
THE CHANGES IN FINANCIAL PERFORMANCE SEGMENTATION USING FINANCIAL RATIOS PHARMACEUTICAL COMPANIES IN INDONESIA Nuria Soviatun; Jerry Heikal
Cerdika: Jurnal Ilmiah Indonesia Vol. 3 No. 08 (2023): Cerdika : Jurnal Ilmiah Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/cerdika.v3i08.688

Abstract

The purpose of this study is to analyze the financial condition of pharmaceutical companies in Indonesia listed on the IDX. This study measures the ratios, namely net profit margin, debt to equity ratio, and return on equity based on financial reports as of June 2022 and June 2023. Data processing in this study used IBM SPSS software with K-means clustering analysis.From the clustering results, there were 5 clusters with 5 personas, namely Very Good (A), Good (B), Fair (C), Bad (D), and Very Bad. Persona grouping based on the ratio of NPM, ROE, and DER. There has been a change in financial performance segmentation from 2022 to 2023, where most of the pharmaceutical companies in Indonesia have experienced a decline in performance in 2023.From the results of the comparison above, it can be concluded that PT Pyridam Farma Tbk shows the most significant change in financial performance segmentation, from poor performance (D) in 2022 to very good (A) performance in 2023. Meanwhile, the financial performance of PT Indofarma Tbk from 2022 and 2023 has not experienced a change in segmentation, remains in a very bad position (E). The authors conclude that PT Pyridam Farma Tbk has the potential to become a company that will acquire PT Indofarma Tbk.
MERGERS AND ACQUISITIONS VALUATION FOR THE ACQUISITION OF PT LIPPO KARAWACI TBK BY PT BUMI SERPONG DAMAI TBK Dwi Wuryantadi; Jerry Heikal
Cerdika: Jurnal Ilmiah Indonesia Vol. 3 No. 10 (2023): Cerdika : Jurnal Ilmiah Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/cerdika.v3i10.691

Abstract

The purpose of this study is to determine mergers and acquisitions valuation for the acquisition One of the strategic objectives aimed at enhancing performance is product diversification. By acquiring PT Lipo Karawaci Tbk (LPKR), PT Bumi Serpong Damai Tbk (BSDE) aspires to expand its product portfolio by incorporating the existing offerings of LPKR. The method use quantitative methodology, characterized by the collection of numerical data and subsequent analysis by statistical tools. The primary objective of this study is to quantitatively quantify and provide an objective analysis of various eventsThe successful execution of this corporate activity necessitates meticulous calculation to effectively enhance the performance of the purchasing company, hence accomplishing its primary objective. One of the research objectives is to ascertain the valuation of PT Lippo Karawaci Tbk (LPKR) as a firm. The free cash flow method, often known as FCFF, is a viable approach for conducting assessments within the context of corporations. The aforementioned are financial concepts and measures employed for the purpose of quantifying the quantity of cash created by a corporate entity. In order to ascertain the post-acquisition predictions of the company for the subsequent five-year period (2023-2027), an analysis of the financial report data of both entities from 2020 to 2027 is required.
FINANCIAL PERFORMANCE SEGMENTATION CHANGES ON PROPERTIES AND REAL ESTATE INDUSTRIES FOR ACQUISITION Dwi Wuryantadi; Jerry Heikal
Cerdika: Jurnal Ilmiah Indonesia Vol. 3 No. 10 (2023): Cerdika : Jurnal Ilmiah Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/cerdika.v3i10.692

Abstract

Mergers and acquisitions of companies are generally understood as efforts to develop a company for the better, by combining strengths and/or compensating for weaknesses in one company with strengths in other companies. One of the processes that must be carried out is to find a public company that is feasible to be acquired, according to the problem formulation. How do you determine which prospective companies in the property and real estate industry are eligible for acquisition? Data from 34 issuers were analyzed based on several financial ratios, namely Sales, D/E Ratio, ROA, ROE and NPM and segmented changes in their financial performance into five clusters using the IBM SPSS version 26 application by carrying out K-Mean Cluster Classification, the results of the analysis show. Of the 14 issuers, there were 2 issuers whose sales performance and financial performance deteriorated, namely: LPKR (Lippo Karawaci Tbk) and SMRA (Sumarecon Agung Tbk). There are 12 Issuers that have experienced an increase in Sales Performance and Financial Performance. There is one issuer that has experienced an increase in Sales and Financial Performance of 1 point in a very good cluster position at this time that is eligible to be made an acquirer company, namely BSDE (Bumi Serpong Damai Tbk).
Co-Authors Abhiyoga Deyandra Putra Aditya Rachman Zarkasih Agus Sugiono Ahmad Julian Asti Apriani Dewi Anggini Dewi Lisdayanti Dwi Wuryantadi Dzaki Zakaria Elja Salwa Erwan Hendrawan Fidy Rachman Osthar Haby Kurniawan Hamka Putra Jaya Hamka Putra Jaya Helga Meilany Ika Sukmawati Isfan Ferli Kevry Ramdany Kholil Akhmad Lidya Hamdani Putri Lurinjani Akhsan Lurinjani Akhsan Maya Seruni Putri Meiriza Azwar Michael Muhammad Farhan Muhammad Feyzel Khalfani Putra Ardanesworo Muhammad Iqbal Fajri Nuria Soviatun Nuria Soviatun Nuria Soviatun Pahrul Rojih Raden Maart Adi Waskita Rama Rizqullah Fahrizal Samsul Arifin Sri Mulyaningsih Susan Ratna Salim Tasrika Azwar Vasya Theodora Givianty