Analysis of Financial Performance of Undervalued Companies in the Manufacturing Sector on the Indonesian Stock Market

Authors

  • Mahardika Burhan Universitas Karya Dharma Makassar
  • Rahmat Hidayat Universitas Karya Dharma Makassar
  • Satriani Jamarang Universitas Karya Dharma Makassar
  • Sarah Alifa

Abstract

This research aims to explore how to utilize the value investing approach for investing in the Indonesian stock market to identify a list of undervalued companies deemed suitable for investment. The analytical method used in this study is quantitative descriptive analysis. The research findings indicate that out of 178 companies listed on the Indonesian stock market, only 6 companies fall into the undervalued category with good financial performance based on the value investing approach and financial ratios. The 6 selected companies considered worthy for investment consideration are PT. Intanwijaya International Tbk. (INCI), PT. Wilmar Cahaya Indonesia Tbk. (CEKA), PT. Wismilak Inti Makmur Tbk (WIIM), PT Astra Otoparts Tbk (AUTO), PT Sekar Laut Tbk (SKLT), and PT Sat Nusapersada Tbk (PTSN).

Downloads

Download data is not yet available.

Downloads

Published

2023-06-30

Issue

Vol. 9 No. 1 (2024): June

Section

Articles

License

Copyright (c) 2023 Mahardika Burhan, Rahmat Hidayat, Satriani Jamarang, Sarah Alifa

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Authors who publish with this journal agree to the following terms:

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.

Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).