Financial Performance Valuation and Stock Performance
(Case Study on PT. Prasidha Aneka Niaga Tbk. - PSDN)
Keywords:Sales, Operating Income (EBIT), Macroeconomics and Price-to-Book Value Ratio (PBV)
Abstract. For a specialized company that has go public, investor or shareholder confidence
is the most important part for the company to keep exist in running its business and keep
survive from existing competition. So that a healthy financial performance as well as the
company's ability to create profit is the biggest factor for winning shareholders heart.
In line with the above background, this study aims to know and analyze (1) the company's
financial performance and (2) the company's share performance.
This research is conducted by using financial performance analysis, financial report
analysis, and z-score analysis at food & beverage industry, is PT. Prasidha Aneka Niaga
Tbk compared to the industry average as well as similar competitors is PT. Jaya Agra
Wattie Tbk. The data used is the actual news about global of macro economy and financial
statements for 6 years, from the year 2012-2017.
The results of the research show that (1) the overall financial performance of the company
in healthy and safe condition, the decline in performance that occurred in 2015-2016 is the
result of the negative sentiment global macro condition. (2) the company's share
performance shows the PBV of the company, decline in 2015-2016 and soared up in 2017
as it began to ease the condition of global macro negative sentiment.
Based on the analysis, it is found that PT. Prasidha Aneka Niaga Tbk can still survive the
competition due to its healthy financial performance also PBV and the company's share
price that continues to increase. The temporary decline in company performance is due to
negative sentiment factor from the global macro condition on 2014-2016.
Keywords : Sales, Operating Income (EBIT), Macroeconomics and Price-to-Book Value