Proses ipo dan analisis harga saham perdana pada pt. krakatau steel

DETAIL KOLEKSI

Proses ipo dan analisis harga saham perdana pada pt. krakatau steel

1.7

Oleh : Venansius Rio Grastian

Info Katalog

Penerbit : FEB - Usakti

Kota Terbit : Jakarta

Tahun Terbit : 2011

Pembimbing 1 : Idrianita Anis

Subyek : Stock Price

Kata Kunci : initial public offering, stock price, krakatau steel

Status Posting : Published

Status : Lengkap

File Repositori

No.	Nama File	Hal.	Link
1.	2011_TA_AK_023070442_7.pdf
2.	2011_TA_AK_023070442_6.pdf
3.	2011_TA_AK_023070442_5.pdf
4.	2011_TA_AK_023070442_4.pdf
5.	2011_TA_AK_023070442_3.pdf
6.	2011_TA_AK_023070442_2.pdf
7.	2011_TA_AK_023070442_1.pdf

Abstrak
Abstract

P enelitian ini bertujuan untuk mengetahui proses IPO (Initial Public Offering) serta menganalisis nilai harga saham perdana yang terjadi di PT. Krakatau Steel. Penelitian ini difokuskan pada PT. Krakatau Steel yang secara bersamaan sedang melakukan penawaran saham perdana (IPO). Penelitian ini menggunakan data primer dimana penulis juga berkesempatan untuk bekerja bersama dengan Tim IPO PT. Krakatau Steel. Pemilihan sampel berdasarkan proporsional random sampling pada Tim IPO di PT. Krakatau Steel. Hasil penelitian ini menunjukkan bahwa proses IPO yang dilakukan PT. Krakatau Steel terdiri dari Keputusan Menteri, Keputusan DPR, Keputusan RUPS, Pendaftaran ke Bursa Efek Indonesia (BEI) dan Kustodian Sentral Efek Indonesia (KSEI). Pendaftaran BAPEPAM, Public Exspose, Roadshow, Bookbuilding, Penetapan Harga, Pasar Perdana, Listing BEI dan Pasar Sekunder. Proses analisis data pada penerbitan saham perdana PT. Krakatau Steel ini menggunakan metode Free Cash Flow to Equity dan metode Relative Valuation. Dengan menggunakan forecasting keuangan selama 5 tahun ke depan (tahun 2010 â€“ 2014). Dari proyeksi tersebut tidak diperoleh estimasi nilai perusahaan karena capital expenditure sangat besar sehingga menghasilkan angka negative pada perhitungan tersebut. Capital expenditure yang sangat besar digunakan oleh perusahaan untuk membiayai proyek investasi perusahaan, dimana capital expenditure yang besar sering digunakan oleh perusahaan yang menginginkan pertumbuhan tinggi dan sangat signifikan. Pada metode perhitungan

h e writing is aimed to knoe the process of IPO (Initial Public Offering) and to analyze the value of initial stock price that accurred in the PT. Krakatau Steel. This study focused on the PT. Krakatau Steel IN which simultaneously conducting an initial public offering (IPO). This study uses primary data which the author also had the opportunity to work together with IPO team of PT. Krakatau Steel. The sample selection is based on proportional random sampling to the IPO team at PT. Krakatau Steel. The results of this study indicate that the IPO process conducted by PT. Krakatau Steel consists of the Minister, the Parliament Decision, Decision AGM, Admission to the Indonesia Stock Exchange (IDX) and Kustodian Sentral Efek Indonesia (KSEI), Registration BAPEPAM, Public Expose, Roadshow, Bookbuilding, Pricing, IPO or primary market, IDX and markets Listing Secondary. The process of data analysis on the issuance of initial shares of PT. Krakatau Steel is using Free Cash Flow to Equity and Relative Valuation method. In free cash flow to equity method, this method used financial forecast for the next 5 years (2010-1014). As the result of this method, authors get negative value. The negative estimated value of the firm because of capital expenditure is very large. A very large capital expenditure is used by companies to investment projects company, where a large capital expenditure is often used by companies that highly growth and very significant. In the method of relative valuation calculation, the price per share is Rp 1.889,-. IPO price of shares in PT. Krakatau Steel is Rp 850,-. When compared between the two stock price, the proce for IPO of PT. Krakatau Steel is in a condition below the price or undervalued and still has the potential to increase.