FCFF sederhana

HMSP
*yang diganti cell warna abu abu saja
Cash From Operating
CFO (annualised) 2019
Capital Expanditure
Capital expanditure (annualised) 2019
Listed Shares
Equity
Debt
Equity + Debt
INPUT Income Before Tax
TAHAP 1
DATA Income Tax Expenses
Tax Rate (%)
Interest Expense
Interest Expense (Annialised)
Interest Rate (%)
Inflasi Des 2019 (%)
Beta
Risk Free Rate/Obligasi 10 Yr (%)
Equity Risk Premium (%)

HITUNG FCF
FREE
TAHAP 2 Hasil Perhitungan
CASH
FLOW

Equity Cost of Equity (%)

Compone Hasil Perhitungan
TAHAP 3
nts of E - WACC (%)
WACC
Hasil Perhitungan

Debt Cost of Debt (%)

Compone Hasil Perhitungan
TAHAP 4
nts of D - WACC (%)
WACC
Hasil Perhitungan

WACC
Hitung
TAHAP 5 WACC Hasil Perhitungan

HITUNG Harga Wajar =

TAHAP 6 HARGA
WAJAR Hasil Perhitungan

value-price/value (%)
TAHAP 7 MOS MOS
rhana
2270
Rp 17,190,273,000,000
Rp 22,920,364,000,000
Rp 759,625,000,000
Rp 1,012,833,333,333
Rp 116,318,076,900
Rp 31,931,571,000,000
Rp 17,017,277,000,000
Rp 48,948,848,000,000
Rp 13,419,261,000,000
Rp 3,219,109,000,000
23.99%
Rp 40,466,000,000
Rp 53,954,666,667
0.32%
2.72%
1.127
7.03%
7.08%

CFO - Capital Expanditure

Rp 21,907,530,666,667

Risk Free Rate + Beta * Equity Risk Premium

15.01%
Equity/Total Equity+total debt * Cost of equity
9.79%

Interest expense/Total Debt * (1-tax rate)

0.24%
Debt/Total Equity+total debt * Cost of Debt
0.08%

Tahap 3 + Tahap 4
9.87%

FCFF/(1+WACC)/Listed Shares
Rp 2,632.33

13.76%

X
Nizar Imam Hanafi
X
Nizar Imam Hanafi
https://ww w.youtube.com/nizarimam
 FCFF sederhana
TLKM
*yang diganti cell warna abu abu saja
Cash From Operating
CFO (annualised) 2019
Capital Expanditure
Capital expanditure (annualised) 2019
Listed Shares
Equity
Debt
Equity + Debt
INPUT Income Before Tax
TAHAP 1
DATA Income Tax Expenses
Tax Rate (%)
Interest Expense
Interest Expense (Annialised)
Interest Rate (%)
Inflasi Des 2019 (%)
Beta
Risk Free Rate/Obligasi 10 Yr (%)
Equity Risk Premium (%)

HITUNG FCF
FREE
TAHAP 2 Hasil Perhitungan
CASH
FLOW

Equity Cost of Equity (%)

Compone Hasil Perhitungan
TAHAP 3
nts of E - WACC (%)
WACC
Hasil Perhitungan

Debt Cost of Debt (%)

Compone Hasil Perhitungan
TAHAP 4
nts of D - WACC (%)
WACC
Hasil Perhitungan

WACC
Hitung
TAHAP 5 WACC Hasil Perhitungan

HITUNG Harga Wajar =

TAHAP 6 HARGA
WAJAR Hasil Perhitungan

value-price/value (%)
TAHAP 7 MOS MOS
rhana
3980
Rp 38,263,000,000,000
Rp 51,017,333,333,333
Rp 20,591,000,000,000
Rp 27,454,666,666,667
Rp 99,062,216,600
Rp 116,446,000,000,000
Rp 98,544,000,000,000
Rp 214,990,000,000,000
Rp 31,114,000,000,000
Rp 7,914,000,000,000
25.44%
Rp 3,219,000,000,000
Rp 4,292,000,000,000
4.36%
2.72%
0.751
7.03%
7.08%

CFO - Capital Expanditure

Rp 23,562,666,666,667

Risk Free Rate + Beta * Equity Risk Premium

12.35%
Equity/Total Equity+total debt * Cost of equity
6.69%

Interest expense/Total Debt * (1-tax rate)

3.25%
Debt/Total Equity+total debt * Cost of Debt
1.49%

Tahap 3 + Tahap 4
8.18%

FCFF/(1+WACC)/Listed Shares
Rp 4,359.40

8.70%
X
Nizar Imam Hanafi
https://ww w.youtube.com/nizarimam
 FCFF sederhana
PTBA
*yang diganti cell warna abu abu saja
Cash From Operating
CFO (annualised) 2019
Capital Expanditure
Capital expanditure (annualised) 2019
Listed Shares
Equity
Debt
Equity + Debt
INPUT Income Before Tax
TAHAP 1
DATA Income Tax Expenses
Tax Rate (%)
Interest Expense
Interest Expense (Annialised)
Interest Rate (%)
Inflasi Des 2019 (%)
Beta
Risk Free Rate/Obligasi 10 Yr (%)
Equity Risk Premium (%)

HITUNG FCF
FREE
TAHAP 2 Hasil Perhitungan
CASH
FLOW

Equity Cost of Equity (%)

Compone Hasil Perhitungan
TAHAP 3
nts of E - WACC (%)
WACC
Hasil Perhitungan

Debt Cost of Debt (%)

Compone Hasil Perhitungan
TAHAP 4
nts of D - WACC (%)
WACC
Hasil Perhitungan

WACC
Hitung
TAHAP 5 WACC Hasil Perhitungan

HITUNG Harga Wajar =

TAHAP 6 HARGA
WAJAR Hasil Perhitungan

value-price/value (%)
TAHAP 7 MOS MOS

X
X
Nizar Imam Hanafi
https://w w w .youtube.com/niza
rhana
2780
Rp 3,921,051,000,000
Rp 5,228,068,000,000
Rp 989,752,000,000
Rp 1,319,669,333,333
Rp 11,520,659,250
Rp 17,334,247,000,000
Rp 7,896,894,000,000
Rp 25,231,141,000,000
Rp 4,312,720,000,000
Rp 1,187,639,000,000
27.54%
Rp 154,747,000,000
Rp 206,329,333,333
2.61%
2.72%
1.724
7.03%
7.08%

CFO - Capital Expanditure

Rp 3,908,398,666,667

Risk Free Rate + Beta * Equity Risk Premium

19.24%
Equity/Total Equity+total debt * Cost of equity
13.22%

Interest expense/Total Debt * (1-tax rate)

1.89%
Debt/Total Equity+total debt * Cost of Debt
0.59%

Tahap 3 + Tahap 4
13.81%

FCFF/(1+WACC)/Listed Shares
Rp 3,059.63

9.14%

X
X
Nizar Imam Hanafi
https://w w w .youtube.com/nizarimam
 FCFF sederhana
ULTJ
*yang diganti cell warna abu abu saja
Cash From Operating
CFO (annualised) 2019
Capital Expanditure
Capital expanditure (annualised) 2019
Listed Shares
Equity
Debt
Equity + Debt
INPUT Income Before Tax
TAHAP 1
DATA Income Tax Expenses
Tax Rate (%)
Interest Expense
Interest Expense (Annialised)
Interest Rate (%)
Inflasi Des 2019 (%)
Beta
Risk Free Rate/Obligasi 10 Yr (%)
Equity Risk Premium (%)

HITUNG FCF
FREE
TAHAP 2 Hasil Perhitungan
CASH
FLOW

Equity Cost of Equity (%)

Compone Hasil Perhitungan
TAHAP 3
nts of E - WACC (%)
WACC
Hasil Perhitungan

Debt Cost of Debt (%)

Compone Hasil Perhitungan
TAHAP 4
nts of D - WACC (%)
WACC
Hasil Perhitungan

WACC
Hitung
TAHAP 5 WACC Hasil Perhitungan

HITUNG Harga Wajar =

TAHAP 6 HARGA
WAJAR Hasil Perhitungan

value-price/value (%)
TAHAP 7 MOS MOS
rhana
1600
Rp 636,995,000,000
Rp 849,326,666,667
Rp 164,822,000,000
Rp 219,762,666,667
Rp 11,553,528,000
Rp 5,445,510,000,000
Rp 945,411,000,000
Rp 6,390,921,000,000
Rp 1,070,917,000,000
Rp 250,348,000,000
23.38%
Rp 1,269,000,000
Rp 1,692,000,000
0.18%
2.72%
0.402
7.03%
7.08%

CFO - Capital Expanditure

Rp 629,564,000,000

Risk Free Rate + Beta * Equity Risk Premium

9.88%
Equity/Total Equity+total debt * Cost of equity
8.42%

Interest expense/Total Debt * (1-tax rate)

0.14%
Debt/Total Equity+total debt * Cost of Debt
0.02%

Tahap 3 + Tahap 4
8.44%

FCFF/(1+WACC)/Listed Shares
Rp 953.40

-67.82%