Claim Missing Document
Check
Articles

Found 2 Documents
Search

MERGERS AND ACQUISITIONS VALUATION FOR THE ACQUISITION OF PT LIPPO KARAWACI TBK BY PT BUMI SERPONG DAMAI TBK Wuryantadi, Dwi; Heikal, Jerry
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 Wuryantadi, Dwi; Heikal, Jerry
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).