Matches in SemOpenAlex for { <https://semopenalex.org/work/W3204288088> ?p ?o ?g. }
Showing items 1 to 41 of
41
with 100 items per page.
- W3204288088 abstract "Meningkatnya adopsi platform online dalam konsumsi media menuntut operator TV berbayar tradisional untuk mengintegrasikan bisnis siaran televisi dengan layanan fixed broadband. PT MNC Vision Network berencana untuk mengakuisisi mayoritas sahamPT Link Net dari perusahaan induknya saat ini, PT First Media Tbk dan Asia Link Dewa Pte Ltd, untuk mendukung segmen bisnis IPTV dan fixed broadband. Penelitian ini bertujuan untuk memperkirakan nilai wajar saham PT Link Net menggunakan metode discounted cash flow (free cash flow to the firm dan free cash flow to equity) dan relative valuation menggunakan rasio EV / EBITDA, Price-to-Sales, dan Price-to-Book. Penelitian ini menggunakan metode rolling WACC untuk menghindari circularity issue dalam estimasi biaya modal. Estimasi nilai wajar menghasilkan harga wajar Rp4.438 per saham disesuaikan dengan premium of control dan discount for lack of marketability. Hasil perkiraan harga lebih tinggi dibandingkan harga pasar saat penilaian sebesar Rp3.960 per lembar saham. Oleh karena itu, harga pasar pada tanggal efektif penilaian dianggap undervalued dan disarankan bagi pihak PT MNC Vision Network untuk menawar di bawah hasil perkiraan harga wajar. Growing adoption of online platform in media industry demands traditional pay TV operators to integrate their television broadcast business with fixed broadband service. PT MNC Vision Network is planning to acquire the majority of PT Link Net shares from its current holding company, PT First Media Tbk and Asia Link Dewa Pte Ltd to leverage its IPTV and fixed broadband business. This research aims to estimate the fair value of PT Link Net common stock using discounted cash flow (free cash flow to the firm and free cash flow to equity) and relative valuation method using EV/EBITDA, Price-to-Sales, and Price-to-Book ratio. This research uses “rolling WACC†method to estimate the cost of capital to avoid circularity issue. The fair value estimation produced a fair price of Rp4,438 per share adjusted to premium of control and discount for lack of marketability. Compared to the market price of Rp3,960 per share at the valuation date, the estimated fair price is higher. Hence, market price at the effective valuation date is considered undervalued and it is advisable for PT MNC Vision Network to bid at below the estimated fair price." @default.
- W3204288088 created "2021-10-11" @default.
- W3204288088 creator A5015412620 @default.
- W3204288088 creator A5053733142 @default.
- W3204288088 date "2020-01-01" @default.
- W3204288088 modified "2023-09-23" @default.
- W3204288088 title "Fair Value Estimation of PT Link Net Common Stock Regarding Acquisition Plan by PT MNC Vision Network" @default.
- W3204288088 cites W1988321941 @default.
- W3204288088 cites W2026002193 @default.
- W3204288088 cites W2055676534 @default.
- W3204288088 cites W2077226699 @default.
- W3204288088 cites W2148043811 @default.
- W3204288088 cites W2315740057 @default.
- W3204288088 cites W2561812488 @default.
- W3204288088 cites W3121963124 @default.
- W3204288088 cites W3124873990 @default.
- W3204288088 cites W603772831 @default.
- W3204288088 hasPublicationYear "2020" @default.
- W3204288088 type Work @default.
- W3204288088 sameAs 3204288088 @default.
- W3204288088 citedByCount "0" @default.
- W3204288088 crossrefType "journal-article" @default.
- W3204288088 hasAuthorship W3204288088A5015412620 @default.
- W3204288088 hasAuthorship W3204288088A5053733142 @default.
- W3204288088 hasConcept C144133560 @default.
- W3204288088 hasConcept C178550888 @default.
- W3204288088 hasConceptScore W3204288088C144133560 @default.
- W3204288088 hasConceptScore W3204288088C178550888 @default.
- W3204288088 hasLocation W32042880881 @default.
- W3204288088 hasOpenAccess W3204288088 @default.
- W3204288088 hasPrimaryLocation W32042880881 @default.
- W3204288088 hasRelatedWork W1035858912 @default.
- W3204288088 hasRelatedWork W2257159161 @default.
- W3204288088 hasRelatedWork W2743444843 @default.
- W3204288088 hasRelatedWork W3006277524 @default.
- W3204288088 hasRelatedWork W147942876 @default.
- W3204288088 hasRelatedWork W51703608 @default.
- W3204288088 isParatext "false" @default.
- W3204288088 isRetracted "false" @default.
- W3204288088 magId "3204288088" @default.
- W3204288088 workType "article" @default.