Hasbi Ibrahim
Master of Management, Universitas Indonesia Depok, Indonesia

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Stock Price Valuation Analysis Using Free Cash Flow To Equity And Relative Valuation Method Case: Bank Jago Tbk. (ARTO) Hasbi Ibrahim; Maria Ulpah
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (173.099 KB) | DOI: 10.36418/syntax-literate.v7i8.9283

Abstract

Purpose – this paper aims to calculate the intrinsic value of ARTO (PT. Bank Jago Tbk.). Design/Methodology/Approach – the stock valuation calculated using free cash flow to equity method and relative valuation method. Findings – based on the calculation, it is expected that the results of the valuation will be below the market value. Practical Implications – the findings may help related parties including investors to consider carefully before deciding their investment on the company. Originality/Value – to the author’s best knowledge, little equity research has been done for digital banking in Indonesia especially on the value of ARTO.