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Healthcare Company Valuation (Case Study Of Hospital ABC) Zayetri, Novia; Yudha Sudrajad, Oktofa
Journal of Economics and Business UBS Vol. 12 No. 2 (2023): Regular Issue
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/joeb.v12i2.152

Abstract

The acquisition company of Ministry Stated-Owned Enterprise (SOE) are a very important issue in Indonesia. Similar to other SOE holdings, the hospital will be grouped and managed by PT Pertamedika IHC, and the acquisition will benefit Hospital ABC, IHC, and all company stakeholders. This study assessing Hospital ABC’s current business environment, determine forecast financial performance and determine Hospital ABC’s Equity valuation. This study analyses the environmental aspects of Hospital ABC, both external and internal, as well as the healthcare sector. Research methodology using both qualitative and qualitative and case study design. This study collects primary data through interview management and from secondary data, author makes projections based on financial statement reports. This study computes valuation using the discounted cash flow method. The results show that the value of Hospital ABC Equity about Rp.330.301 million, 679% higher than Equity in 2021. By calculating value of equity Hospital ABC, management could get additional data from preparation of acquisition process.
Financial Feasibility of Small Scale Liquefied Natural Gas Carrier (SSLNGC) Investment: A Capital Budgeting Analysis For PT Bahtera Adhiguna Putera (BAg) Namira Jayarachman, Marsha; Yudha Sudrajad, Oktofa
International Journal of Science, Technology & Management Vol. 7 No. 1 (2026): January 2026
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v7i1.1395

Abstract

Indonesia’s target to achieve net zero emissions by 2060 requires a strategic shift from coal to cleaner energy sources, with Liquefied Natural Gas (LNG) serving as a key transitional fuel. PT Bahtera Adhiguna Putera (BAg), a subsidiary of PT PLN Energi Primer Indonesia (PLN EPI), plays a vital role in energy logistics but currently lacks the fleet capacity to transport LNG. To address this gap, this study evaluates the financial feasibility of investing a Small Scale Liquefied Natural Gas Carriers (SSLNGC) through a capital budgeting approach. The research uses both qualitative and quantitative methods. PESTEL analysis is applied to assess the external environment and operational readiness, while capital budgeting tools such as Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Weighted Average Cost of Capital (WACC) are used to evaluate financial performance. The study tests several financing structure which is using 100% internal cash for Scenario 1 and mixed financing for Scenario 2 which ratio is 20% internal cash and 80% SHL scenario. A sensitivity analysis is also conducted to identify the most critical variables affecting investment outcomes and to measure the project’s financial resilience under different market conditions. The results show that the SSLNGC investment is both technically and financially feasible. The vessel’s capacity is suitable for port depth limitations and LNG demand in the targeted region. Financially, the investment is feasible, and the most optimal financing structure is Scenario 2 because has smaller WACC, higher NPV values, higher IRR compared to the WACC, and a reasonable payback period, confirming the project’s profitability. This also supported by the smaller value in the Scenario 2 sensitivity analysis calculation compared to Scenario 1. To keep the project profitable in the long term, BAg needs to ensure all the financial and operational key variables remain the same as the overall feasibility calculation is highly dependent on those variables.