Valuation of Financial Performance and Stock Performance

(Case Study PT Holcim Indonesia Tbk)


  • Yuniza Nurunniza Sekolah Tinggi Ilmu Ekonomi Kesatuan
  • Yoyon Supriadi Sekolah Tinggi Ilmu Ekonomi Kesatuan


Profitability, Asset Management, Financing, Stock


Abstract. The main purpose of a company is to prosper the shareholders. The shareholders
will get profit from the company they own after one year of operation by selling their products or services. Therefore, company's manager has responsibility to regulate the company to be profitable and needs to know and analyze how was the company has
performed for period of time so the manager could correct mistakes in the decision making and maintain teh company's strengths

Besides the company's manager, the shareholders also need to know about how the company's performance to monitor whether investments they have is need to defend or could be abandoned. Succeed or not the management of a company written in annual report
contained financial report or financial statement. Company and the shareholders need to
understand the valuation of financial performance from the financial statement which are financing, asset management and profitability, also stock performance which consider the share market price in the stock exchange.
This financial and share performance research is studied to PT Holcim Indonesia Tbk in cement industry who has gotten loss for two years, then compare with companies in the same subsector in Indonesia Stock Exchange. The used research data is financial report for
year 2012 until 2016 which are secondary data obtained from Indonesia Stock Exchange.
The result of the research shows that compare to the companies in the same industry, PT
Holcim Indonesia Tbk from 2012 until 2016 has decreased performance escpecially in
profitability. It was caused of the sales were not optimal and cost inefficiency, that caused stock price is declining. During those five years, PT Holcim Indonesia Tbk expanded it's company which is financed by debt, so PT Holcim Indonesia being a company that the
operation dominant use of debt.
Keywords : Profitability, Asset Management, Financing, Stock