ANALISIS FUNDAMENTAL DALAM PENGAMBILAN KEPUTUSAN INVESTASI SAHAM PERUSAHAAN PERKEBUNAN PERIODE 2008-2015

Irma Dwi Pratiwi, Nugraha Nugraha

Abstract


ObjectiveFor fundamental analysis and to know the description of Earning Per Share and Price Earning Ratio as a basis for consideration in decision making of stock investment in plantations sub-sector period 2008-2015.

Design/methodology/approach – This type of research is descriptive method with a total sample of 7 metal and allied sub-sector companies listed on the Indonesian Stock Exchange. The analysis technique used is fundamental analysis with EPS and PER approaches. The design of this research is the method of time series design with a period of research for 8 years.

Findings – Based on the results of fundamental analysis with EPS and PER approach can effectively assist investors in assesing the company’s stock on making decision of stock investment in plantations sub sector.

Originality/value – The difference in this study lies in the object of research, study time, measuring tools, literature used, the theory used and the results of research.

 

Keywords: Fundamental analysis,  Investment Decision  Making,  Stocks,  Earning Per Share (EPS), Price Earning Ratio (PER), Intrinsic Value

Article Type: Case Study

Keywords


Fundamental analysis, Investment Decision Making, Stocks, Earning Per Share (EPS), Price Earning Ratio (PER), Intrinsic Value

Full Text:

PDF

References


Afriyeni, E. (2013). Keputusan Investasi Jangka Panjang: Capital Budgeting. Jurnal Poli Bisnis, 4(1), 65–75.

Anoraga, P., & Pakarti, P. (2008). Pengantar Pasar Modal (Revisi). Jakarta: PT Rineka Cipta.

Aprilia, L., & Wibowo, L. A. (2016). Pengaruh Faktor Individu dan Sosial Terhadap Keputusan Menggunakan (Survei pada Pengguna Aplikasi Mobile Messaging di Kota Bandung). Journal of Business Management and Enterpreneurship Education, 1(1), 202–212.

Atik, A. (2012). A Strategic Investment Decision: “Internationalization of SMEs”: A Multiple Appraisal Approach and Illustration with a Case Study. Scientific Research, 4(2), 146–156. https://doi.org/10.4236/ib.2012.42017

Campanella, F., Mustilli, M., & Angelo, E. D. (2016). Efficient Market Hypothesis and Fundamental Analysis: An Empirical Test in The European Securities Market. Review of Economics & Finance No 1923-7529-2016-01-27-16

Edmonds, C., McNair, F., Olds, P., & Edmonds, T. (2016). Fundamental Financial Accounting Concepts (9th intern). New York: McGraw Hill Education.

Fakhruddin, & Hendy, M. (2008). Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.

Haekal, A., & Widjajanta, B. (2016). Pengaruh Kepercayaan dan Persepsi Risiko Terhadap Minat Membeli Secara Online pada Pengunjung Website Classifieds di Inonesia. Journal of Business Management and Enterpreneurship Education, 1(1), 181–193.

Haming, M., & Basamalah, S. (2010). Studi Kelayakan Investasi Proyek & Bisnis. Jakarta: PT. Bumi Aksara.

Haque, S., & Faruquee, M. (2013). Impact of Fundamental Factors on Stock Price : A Case Based Approach on Pharmaceutical Companies Listed with Dhaka Stock Exchange. International Journal of Business and Management Invention, 2(9), 34–41.

Janor, H., & Yakob, R. (2016). Financial literacy and investment decisions in Malaysia and United Kingdom : A comparative analysis, Malaysian Journal of Society and Space 12 2(2), 106–118.

Jiang, W., & Xie, X. (2016). Stock Fundamentals Model Based on Genetic Algorithm-Rough Set. Journal of Management and Sustainability, 6(1), 206. https://doi.org/10.5539/jms.v6n1p206

Kurniaty, I., Hidayat, R. R., & Endang, M. G. W. (2016). Analisis Fundamental untuk Menilai Kewajaran Harga Saham dengan Dividend Discount Modal (DDM) dan Price Earning Ratio (PER) sebagai Dasar Pengambilan Keputusan Investasi (Studi Pada Sub Sektor Perbankan yang Listing di BEI Periode. Jurnal Administrasi Bisnis, 33(1).

Mahesh, N. M., & Kumar, S. S. (2016). Fundamental Analysis of Selected Indian Fmcg Companies Listed in Nse of India Limited. Indian Journal of Applied Research, 6(1), 695–698. https://doi.org/2249-555X

Manurung, A. H. (2008). Financial Planner. Jakarta: Kompas.

Nurpriyanti, V., & Hurriyati, R. (2016). Pengaruh Kinerja Co-Branding Terhadap Keputusan Pembelian (Survei pada Mini Market Penjual Es Krim Wall’s Selection Oreo di Kecamatan Cikajang- Garut). Journal of Business Management and Enterpreneurship Education, 1(1), 98–114.

Nurrahman, I., & Utama, R. D. H. (2016). Pengaruh Variasi Produk Terhadap Keputusan Pembelian (Survei pada pembeli smartphone Nokia series X di BEC Bandung). Journal of Business Management and Enterpreneurship Education, 1(1), 54–63.

Pereira, M. A., Securato, J. R., & de Sousa, A. F. (2016). Effect of investments on fundamentals and market reaction on pre-operational and operational Brazilian companies for the period 2006-2012, Finance And Accounting Journal Vol 51 No 1 ISSN 1984–6142. Retrieved from http://dx.doi.org/10.5700/rausp1223

Rahman, N. Z., Hidayat, R. R., & Azizah, D. F. (2016). Keputusan Investasi dengan Pendekatan Price Earning Ratio (PER) (Studi Kasus pada Perusahaan Industri Perkebunan yang Terdaftar di Bursa Efek Indonesia Periode 2012-2014). Jurnal Administrasi Bisnis, 35(2), 207–213.

Roy, S. G. (2015). Equity Research : Fundamental and Technical Analysis. International Journal of Science and Research, 4(9). https://doi.org/2319-7064

Shukla, A., & Nerlekar, S. (2015). Fundamental Analysis of Listed FMGC With The Help Of Ratio’s. International Conference On Contemporary Issues In Accounting, Finance, Banking And Investment MIT SOB

Sitompul, K. (2011). Analisis Pengaruh Faktor-Faktor terhadap Harga Saham Perusahaan Real Estate dan Properti yang terdaftar di BEI. Universitas Pendidikan Indonesia

Suad, H. (2003). Suad Husnan, 2003.Manajemen Keuangan Teori Dan Penerapan (Keputusan Jangka Pendek) (4th ed.). Yogyakarta: BPFE.

Subramanyam, K. R. (2014). Financial Statement Analysis (11 interna). New York: McGraw Hill Education.

Subramanyam, K. R., & Wild, J. J. (2010). Financial Statement Analysis (10th ed.). Asia: McGraw Hill Education.

Sulistiawan, D., & Liliana. (2007). Analisis Teknikal Modern Perdagangan Sekuritas. Cara Praktis Memprediksi Pergerakan Harga Saham Dan Sekuritas Lainnya. Yogyakarta: Andi.

Sunariyah. (2006). Pengantar Pengetahuan Pasar Modal (5th ed.). Yogyakarta: UPP STIM YKPN.

Yuliana, & Tarmedi, E. (2017). Pengaruh perbedaan individu terhadap keputusan menggunakan sistem operasi linux. Journal of Business Management and Enterpreneurship Education, 1(1), 174–180.




DOI: https://doi.org/10.17509/jbme.v2i3.5979

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Creative Commons License

Journal of Business Management Education (JBME)is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License

View My Stats