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  • Tugas 2 Opi

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    Imron
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    The document provides information about two stock investments. For Global Mediacom Tbk, it states the annual dividend is Rp 150 and investors require a 15% return, so the estimated stock price is Rp 1,000. For Kalbe Farma Tbk, it provides the expected annual earnings, 40% payout ratio, 7% annual earnings growth, and 15% required return. Using the dividend growth model, it estimates the stock price at Rp 1,000.

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    The document provides information about two stock investments. For Global Mediacom Tbk, it states the annual dividend is Rp 150 and investors require a 15% return, so the estimated stock price is Rp 1,000. For Kalbe Farma Tbk, it provides the expected annual earnings, 40% payout ratio, 7% annual earnings growth, and 15% required return. Using the dividend growth model, it estimates the stock price at Rp 1,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    8 views3 pages

    Tugas 2 Opi

    Uploaded by

    Imron
    The document provides information about two stock investments. For Global Mediacom Tbk, it states the annual dividend is Rp 150 and investors require a 15% return, so the estimated stock price is Rp 1,000. For Kalbe Farma Tbk, it provides the expected annual earnings, 40% payout ratio, 7% annual earnings growth, and 15% required return. Using the dividend growth model, it estimates the stock price at Rp 1,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    10-4

    Global Mediacom Tbk. pays Rp 150 a year in dividends, which is expected to remain unchanged.
    Investors require a 15% rate of return on this stock. What's the estimated price ?

    Dividen (D) Rp 150


    Investor require rate of return (k)V = / 15%
    Estimated Price (V) Rp 1,000
    10-15 Kalbe farma Tbk. is expected to earn Rp 200 per share next year. Kalbe Farma has a payout ratio of 40%. Earnings an
    growing at a constant rate of 7% a year for the indefinite future. Investors require a 15% rate of return on Kalbe Farm
    estimated price ?

    E Rp 200
    Payout ratio (D/E) 40%
    g 7%
    k 15%
    P/E 5 = Payout Ratio/(k-g)
    Estimated Price Rp 1,000 = E*P/E
    D(1) Rp 80 = E*Payout Ratio
    Cara II
    Rp 1,000 = D(1)/(k-g)
    yout ratio of 40%. Earnings and dividends have been
    % rate of return on Kalbe Farma Tbk. What's its

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