welcome 500 perak.
--- In obrolan-bandar@yahoogroups.com, "tirta858" <[EMAIL PROTECTED]> wrote: > > Barusan saja saya kalkulasi BUMI using simple DCF calculation. > > Datanya saya ambil dari > > http://www.reuters.com/finance/stocks/incomeStatement? > stmtType=INC&perType=ANN&symbol=BUMI.JK > > Saya pakai angka yang agak conservative saja. > > Net income saya ambil dari permulaan tahun 2004(first positive > earning) lalu net income growth saya pakai tahun 2004 dan 2005 yaitu > 12.2%(pre comodity euphoria). FV net income(2008) = 1.122^4 x 108.8 = > $172.42mil (sangat conservative compare to actual 2007 $789mil) > > Assumptionnya : > > Exchange rate = Rp 10,000 > Net income 2008 = $172.42 mil > 1-5 year growth = 12.2% > Terminal = 3% > Shares out = 19,404 mil > WACC = 17% > > Plug in the numbers: > > IV = Rp 922 > IV with 40% margin of safety = Rp 553 > > Comments are welcome :) >
