kebanyakan dr valuasi kan objectivenya buat cari "intrinsic value",
Nah Intrinsic Value is a subjective concept. It's just what you think the true value of the stock is, versus the market's perception. The cash flow model includes many types of valuation models. Some DCF, a P/E multiple model, a EVA and residual income, etc. Any of these models can be used to derive an intrisic value. but some models is perform better at certain firm sector while other might useful for some other sector. contoh, it would be unappropriate buat valuasi perusahaan properti pake model cashflow ato dividen, it should be asset based... perbankan dan perusahaan stabil mungkin lebih efektif pake DDM, perusahaan growth bisa pake cashflow ato owner earning model... bahkan valuasi wajar perusahaan ada jg yg pake kombinasi valuasi2 diatas, contoh CLSA.. dy gabungin DCF,DDM,PE Model dan masing2 dikasih bobot baru dijadiin target price... --- In obrolan-bandar@yahoogroups.com, thom chris <[EMAIL PROTECTED]> wrote: > > Kang, yg dimaksud dg "different" model tuh apa? > > bukannya kalo setiap perusahaan sudah stick dg 1 model > valuasi tertentu saja yah.,, > ga bisa model valausi A dipake untuk perusahaan B, > begitupun sebaliknya? > > Seperti P/E kan seprtinya ga bs dipake u/ property n > banking,., dll. > properti setau saya pake EV atau Banking pake nilai > buku,., > > sorry kalo salah,., that why im askin'.. > bisa dielaborasi lagi kah Kang or anyone there?,.,. > > thx bgt,. > > > > --- kang_ocoy_maen_saham > <[EMAIL PROTECTED]> wrote: > > > the simplest answer might be "different" model... > > > > ato kalo modelnya sama, mungkin casenya ini... > > > > revenue broker a tinggi tp bottomline net incomenya > > rendah (AKA > > Narrow Profit Margin)... > > > > revenue broker b moderate tp bottomline net > > incomenya relatif lebih > > tinggi (AKA Wide Profit margin)... > > > > Model Broker A implied growth rate nya yg lebih > > kecil dr broker B.. > > nah kalo beda growth ratenya diatas 5% kan akumulasi > > ditarik ke model > > diatas 5 tahun ya berasa juga lahh... > > > > discount factor > > > > discount factor / CoC broker A lebih besar dr broker > > B... > > > > Terminal Value dan growth ratenya... > > > > terminal growth rate broker a lebih kecil dr broker > > b.. > > > > > > > > > > > > saya rasa mungkin penyebab paradox ada diantara hal2 > > diatas ato malah > > kombinasi dr hal2 itu.. > > > > > > > > --- In obrolan-bandar@yahoogroups.com, thom chris > > <thom_chris2000@> wrote: > > > > > > dari broker A dg estimasi revenue yang lebih > > tinggi > > > kenapa target pricenya rendah ya?,., > > > > > > > > > sedangkan dari broker B dg estimasi revenue yang > > lebih > > > rendah,.kok target pricenya malahan lebih > > tinggi..? > > > > > > > > > ada yg bisa jawab (paradox ini) ? > > > > > > > > > > > > thx. > > > > > > > > > > > > ______________________________________________________________________ > > ______________ > > > Looking for last minute shopping deals? > > > Find them fast with Yahoo! Search. > > > http://tools.search.yahoo.com/newsearch/category.php? category=shopping > > > > > > > > > > > > > ______________________________________________________________________ ______________ > Never miss a thing. Make Yahoo your home page. > http://www.yahoo.com/r/hs >
