Analisis Fundamental Untuk Menilai Kewajaran Harga Saham Dengan Pendekatan Dividend Discount Model dan Price Earning Ratio (Studi Terhadap Perusahaan Sub Sektor Semene yang Terdaftar di Bursa Efek Indonesia Periode 2018-2020)

Abstract

This research is entitled FUNDAMENTAL ANALYSIS TO ASSESS THE FAIRNESS OF SHARE PRICES WITH THE DIVIDEND DISCOUNT MODEL AND PRICE EARNING RATIO APPROACH (STUDY OF CEMENT SUB SECTOR COMPANIES LISTED ON IDX FOR THE 2018-2020 PERIOD. 2018-2020 with the Dividend Discount Model (DDM) and Price Earning Ratio (PER) method. The research method used is descriptive quantitative. This study states that with constant growth DDM there are 5 undervalued stocks, namely INTP, SMBR, SMCB, WTON, WSBP and there is 1 overvalued stock, namely SMGR. With zero growth DDM, the six stocks are overvalued. With non- constant growth DDM there are 5 overvalued companies, namely INTP, SMBR, SMCB, SMGR, WTON and there is 1 undervalued stock namely WSBP.. With PER method there are 4 overvalued shares, namely INTP, SMBR, SMGR, WSBP and there are 2 undervalued shares, namely SMCB and WTON. The undervalued condition means that the decision that can be taken is to buy or hold the stock, while the overvalued condition means that the decision that can be taken is to sell the stock