RESIDUAL INCOME

ACES
Net Income
Net Income (annualised)
Equity
Input Data Listed Shares
Tahap 1 + Hitung Book
Value BI Repo Rate
Beta Pefindo
CAGR IHSG 2014 - 2018 (5 tahun)
Book Value

Cost of Equity
Hitung
Tahap 2 Cost Of Hasil Perhitungan
Equity

Equity Charge
Tahap 3 Hitung Hasil Perhitungan
Equity Charge

Hitung Nilai Residu

Tahap 4 Pendapatan Hasil Perhitungan
Residu Pendapatan Residu Per Lembar

Book Value Residu

Hitung Harga Hasil Perhitungan
Tahap 5 Wajar Nilai wajar
Hasil Perhitungan

Value-price / value (%)

Tahap 6 MOS
MOS

Tahap 7 Hitung Rasio Book Value Residu / Book Value

AL INCOME
1810
Rp 479,889,000,000
Rp 959,778,000,000
Rp 4,231,798,000,000
17150000000
5.25%
Rp 1.1910
8.26%
Rp 246.75

Bi Repo Rate + Beta (CAGR IHSG - BI REPO Rate)

8.83%

total equity x cost of equity

Rp 373,686,431,443.93

Net Income - Equity Charge

Rp 586,091,568,556.07
Rp 34.17

Tahap 4/Cost of Equity

Rp 387.01
Book Value + Book Value Residu
Rp 633.76

-185.6%

1.57
 RESIDUAL INCOME

MNCN
Net Income
Net Income (annualised)
Equity
Input Data Listed Shares
Tahap 1 + Hitung Book
Value BI Repo Rate
Beta Pefindo
CAGR IHSG 2014 - 2018 (5 tahun)
Book Value

Cost of Equity
Hitung
Tahap 2 Cost Of Hasil Perhitungan
Equity

Equity Charge
Tahap 3 Hitung Hasil Perhitungan
Equity Charge

Hitung Nilai Residu

Tahap 4 Pendapatan Hasil Perhitungan
Residu Pendapatan Residu Per Lembar

Book Value Residu

Hitung Harga Hasil Perhitungan
Tahap 5 Wajar Nilai wajar
Hasil Perhitungan

Value-price / value (%)

Tahap 6 MOS
MOS

Tahap 7 Hitung Rasio Book Value Residu / Book Value

AL INCOME
1340
Rp 1,210,866,000,000
Rp 2,421,732,000,000
Rp 11,407,116,000,000
14276103500
5.25%
Rp 1.3340
8.26%
Rp 799.04

Bi Repo Rate + Beta (CAGR IHSG - BI REPO Rate)

9.26%

total equity x cost of equity

Rp 1,056,337,106,812.27

Net Income - Equity Charge

Rp 1,365,394,893,187.73
Rp 95.64

Tahap 4/Cost of Equity

Rp 1,032.81
Book Value + Book Value Residu
Rp 1,831.85

26.8%

1.29
 RESIDUAL INCOME

SIDO
Net Income
Net Income (annualised)
Equity
Input Data Listed Shares
Tahap 1 + Hitung Book
Value BI Repo Rate
Beta Pefindo
CAGR IHSG 2014 - 2018 (5 tahun)
Book Value

Cost of Equity
Hitung
Tahap 2 Cost Of Hasil Perhitungan
Equity

Equity Charge
Tahap 3 Hitung Hasil Perhitungan
Equity Charge

Hitung Nilai Residu

Tahap 4 Pendapatan Hasil Perhitungan
Residu Pendapatan Residu Per Lembar

Book Value Residu

Hitung Harga Hasil Perhitungan
Tahap 5 Wajar Nilai wajar
Hasil Perhitungan

Value-price / value (%)

Tahap 6 MOS
MOS

Tahap 7 Hitung Rasio Book Value Residu / Book Value

AL INCOME
1225
Rp 660,668,000,000
Rp 1,321,336,000,000
Rp 2,902,614,000,000
1135225000
5.25%
Rp 0.5380
8.26%
Rp 2,556.86

Bi Repo Rate + Beta (CAGR IHSG - BI REPO Rate)

6.87%

total equity x cost of equity

Rp 199,332,991,100.14

Net Income - Equity Charge

Rp 1,122,003,008,899.86
Rp 988.35

Tahap 4/Cost of Equity

Rp 14,392.03
Book Value + Book Value Residu
Rp 16,948.90

92.8%

5.63
 RESIDUAL INCOME

ANTM
Net Income
Net Income (annualised)
Equity
Input Data Listed Shares
Tahap 1 + Hitung Book
Value BI Repo Rate
Beta Pefindo
CAGR IHSG 2014 - 2018 (5 tahun)
Book Value

Cost of Equity
Hitung
Tahap 2 Cost Of Hasil Perhitungan
Equity

Equity Charge
Tahap 3 Hitung Hasil Perhitungan
Equity Charge

Hitung Nilai Residu

Tahap 4 Pendapatan Hasil Perhitungan
Residu Pendapatan Residu Per Lembar

Book Value Residu

Hitung Harga Hasil Perhitungan
Tahap 5 Wajar Nilai wajar
Hasil Perhitungan

Value-price / value (%)

Tahap 6 MOS
MOS

Tahap 7 Hitung Rasio Book Value Residu / Book Value

AL INCOME
950
Rp 514,426,067,000
Rp 685,901,422,667
Rp 19,947,608,029,000
24030764725
5.00%
Rp 1.6620
8.26%
Rp 830.09

Bi Repo Rate + Beta (CAGR IHSG - BI REPO Rate)

10.41%

total equity x cost of equity

Rp 2,076,921,779,673.36

Net Income - Equity Charge

-Rp 1,391,020,357,006.69
-Rp 57.88

Tahap 4/Cost of Equity

-Rp 555.95
Book Value + Book Value Residu
Rp 274.14

-246.5%

-0.67
 RESIDUAL INCOME

SIDO
Net Income
Net Income (annualised)
Equity
Input Data Listed Shares
Tahap 1 + Hitung Book
Value BI Repo Rate
Beta Pefindo
CAGR IHSG 2014 - 2018 (5 tahun)
Book Value

Cost of Equity
Hitung
Tahap 2 Cost Of Hasil Perhitungan
Equity

Equity Charge
Tahap 3 Hitung Hasil Perhitungan
Equity Charge

Hitung Nilai Residu

Tahap 4 Pendapatan Hasil Perhitungan
Residu Pendapatan Residu Per Lembar

Book Value Residu

Hitung Harga Hasil Perhitungan
Tahap 5 Wajar Nilai wajar
Hasil Perhitungan

Value-price / value (%)

Tahap 6 MOS
MOS

Tahap 7 Hitung Rasio Book Value Residu / Book Value

AL INCOME
1225
Rp 579,749,000,000
Rp 772,998,666,667
Rp 3,169,791,000,000
1135225000
5.00%
Rp 0.5380
8.26%
Rp 2,792.21

Bi Repo Rate + Beta (CAGR IHSG - BI REPO Rate)

6.75%

total equity x cost of equity

Rp 214,019,892,448.64

Net Income - Equity Charge

Rp 558,978,774,218.03
Rp 492.39

Tahap 4/Cost of Equity

Rp 7,292.73
Book Value + Book Value Residu
Rp 10,084.94

87.9%

2.61
 RESIDUAL INCOME

TLKM
Net Income
Net Income (annualised)
Equity
Input Data Listed Shares
Tahap 1 + Hitung Book
Value BI Repo Rate
Beta Pefindo
CAGR IHSG 2014 - 2018 (5 tahun)
Book Value

Cost of Equity
Hitung
Tahap 2 Cost Of Hasil Perhitungan
Equity

Equity Charge
Tahap 3 Hitung Hasil Perhitungan
Equity Charge

Hitung Nilai Residu

Tahap 4 Pendapatan Hasil Perhitungan
Residu Pendapatan Residu Per Lembar

Book Value Residu

Hitung Harga Hasil Perhitungan
Tahap 5 Wajar Nilai wajar
Hasil Perhitungan

Value-price / value (%)

Tahap 6 MOS
MOS

Tahap 7 Hitung Rasio Book Value Residu / Book Value

AL INCOME
4180
Rp 15,449,000,000,000 EPS
Rp 30,898,000,000,000 BVPS
Rp 108,345,000,000,000 PBV
99062216600
5.25%
Rp 0.7780
8.26%
Rp 1,093.71

Bi Repo Rate + Beta (CAGR IHSG - BI REPO Rate)

7.59%

total equity x cost of equity

Rp 8,222,151,226,575.16

Net Income - Equity Charge

Rp 22,675,848,773,424.80
Rp 228.91

Tahap 4/Cost of Equity

Rp 3,016.33
Book Value + Book Value Residu
Rp 4,110.04

-1.7%

2.76
 ANALISIS RESIDUAL

BBRI
Net Income
Net Income (annualised)
Equity
Input Data Listed Shares
Tahap 1 + Hitung Book
Value BI Repo Rate
Beta Pefindo
CAGR IHSG 2014 - 2018 (5 tahun)
Book Value

Cost of Equity
Hitung
Tahap 2 Cost Of Hasil Perhitungan
Equity

Equity Charge
Tahap 3 Hitung Hasil Perhitungan
Equity Charge

Hitung Nilai Residu

Tahap 4 Pendapatan Hasil Perhitungan
Residu Pendapatan Residu Per Lembar

Book Value Residu

Hitung Harga Hasil Perhitungan
Tahap 5 Wajar Nilai wajar
Hasil Perhitungan

Value-price / value (%)

Tahap 6 MOS
MOS

Tahap 7 Hitung Rasio Book Value Residu / Book Value

S RESIDUAL
3920
Rp 21,647,800,000,000
Rp 43,295,600,000,000
Rp 190,840,791,000,000
122112351900
5.25%
Rp 1.3620
8.26%
Rp 1,562.83

Bi Repo Rate + Beta (CAGR IHSG - BI REPO Rate)

9.34%

total equity x cost of equity

Rp 17,833,135,868,340.10

Net Income - Equity Charge

Rp 25,462,464,131,659.90
Rp 208.52

Tahap 4/Cost of Equity

Rp 2,231.44
Book Value + Book Value Residu
Rp 3,794.26

-3.3%

1.43