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Valuation Spreadsheet
Valuation Spreadsheet
untuk diskon yang lebih dari 50%, harus dikroscek ke intrinsic valuation, atau dianalisa apakah a
Warning!! setelah fundamental perusahaan masuk secara kuantitatif, silahkan dianalisa secara kualitatif (ap
Apabila ingin mendownload spreadsheet ini, silahkan klik File > Download > Microsoft Excel (.xlsx)
Update harga: real- QUALITY
time Revenue Net Income QUANTITATIVE
Average
Payment Net Profit
Symbol Stock Price (Growth: 3 (Growth: 3 ROE 5 Year
Streak Margin 5
IDX:BBCA 9,300 Year)
9.0% Year)
11.5% 12 (%) 18.9 34.3%
IDX:BBRI 5,525 9.3% 9.5% 12 20.06 28.8%
IDX:TLKM 3,830 8.5% 5.2% 11 21.45 15.8%
IDX:BMRI 5,800 6.0% 25.8% 12 14.42 23.8%
IDX:HMSP 900 3.6% 2.4% 11 44.11 12.6%
IDX:ASII 6,750 9.4% 12.7% 11 14.7 8.7%
IDX:ICBP 11,675 7.1% 11.9% 9 19.8 10.2%
IDX:GGRM 25,450 13.2% 17.7% 11 18.18 9.0%
IDX:CPIN 5,275 15.3% 17.9% 10 17.15 6.3%
IDX:BBNI 9,100 9.4% 10.7% 12 14.17 25.2%
IDX:KLBF 1,870 5.3% 2.9% 11 17.83 11.5%
IDX:UNVR 3,730 2.3% 5.0% 11 130.53 17.6%
IDX:INDF 7,100 4.7% 5.8% 11 13.21 5.7%
IDX:MYOR 2,660 10.9% 13.6% 11 19.8 6.7%
IDX:MEGA 5,175 6.6% 20.0% 6 10.6 21.2%
IDX:PTBA 2,770 15.7% 26.5% 11 25.59 18.9%
IDX:ACES 715 18.2% 13.2% 11 22.83 13.1%
IDX:MLBI 8,575 4.4% 7.1% 11 103.77 30.7%
IDX:SIDO 640 6.2% 18.9% 7 20.38 21.9%
IDX:PWON 476 15.3% 26.3% 8 23.16 39.1%
luation, atau dianalisa apakah ada potensi penurunan laba permanen
an dianalisa secara kualitatif (apa keunggulan kompetitifnya, bagaimana prospek ke depan, dsb)
> Microsoft Excel (.xlsx)
LITY
E QUALITATIVE
Economic Current RELATIVE ( Earning and Book V
Market Cap Equity INTRINSIC d d
Moat, EPS PE Ratio
(milyar) Ratio Deviatio Deviatio
1,134,993 0.02 prospect 1158.6 (TTM)8.0 25.0 22.5
828,990 0.02 278.7 19.8 14.3 13.0
25 0.51 204.5 18.7 19.6 20.3
267,960 0.02 588.9 9.8 15.3 14.4
104,686 0.01 118.0 7.6 30.0 34.1
273,264 0.66 526.2 12.8 15.1 16.8
136,153 0.09 432.1 27.0 26.3 27.3
48,968 0.09 5702.4 4.5 17.2 17.7
86,499 0.24 221.7 23.8 25.6 26.3
168,006 0 825.0 11.0 10.2 10.1
87,656 0.07 55.1 34.0 29.0 30.9
142,300 0.28 196.8 19.0 46.5 48.8
62,341 0.62 559.0 12.7 15.1 16.4
59,474 0.6 88.9 29.9 33.0 31.9
60,399 0.08 314.3 16.5 21.3 21.6
31,912 0.01 331.8 8.3 8.2 9.2
12,262 0.03 60.1 11.9 27.6 25.7
18,068 0.89 525.0 16.3 27.6 28.1
19,345 0 55.4 11.6 20.3 19.4
22,924 0.35 60.5 7.9 13.7 14.3
VALUATION
LATIVE ( Earning and Book Value Multiples)
Current PBV (3 PBV (5 PBV (10 AvgRV1 RV2 RV3
d PE (3 Avg PE (5 Avg PE (10
BVPS PBV Year) Year) Year)
Deviatio Year) Year) Year)
20.6 7049.7 (TTM)
1.3 4.3 4.1 4.3 28,976 26,115 23,890
12.0 1671.0 3.3 2.5 2.5 2.9 3,996 3,617 3,352
16.9 1006.3 3.8 4.3 4.4 4.1 4,012 4,160 3,462
13.8 4375.0 1.3 1.9 1.9 2.4 9,004 8,457 8,097
28.8 306.5 2.9 12.3 15.9 19.0 3,541 4,024 3,398
15.6 3816.3 1.8 2.3 2.5 3.5 7,940 8,851 8,230
24.6 2167.8 5.4 5.4 5.5 5.0 11,363 11,800 10,616
19.8 27704.4 0.9 3.2 3.1 3.5 98,082 100,933 112,623
23.3 1285.3 4.1 4.4 4.3 5.6 5,670 5,838 5,173
11.3 6551.7 1.4 1.4 1.4 1.7 8,373 8,316 9,314
30.6 350.9 5.3 5.1 5.8 6.7 1,598 1,700 1,683
43.5 189.2 19.7 55.8 56.1 46.8 9,142 9,609 8,558
16.2 4301.9 1.7 2.0 2.1 2.4 8,424 9,145 9,028
27.2 432.0 6.2 7.0 6.6 5.8 2,932 2,839 2,416
16.9 2258.1 2.3 2.3 2.3 2.2 6,691 6,775 5,308
12.7 1716.7 1.6 2.5 2.3 3.9 2,704 3,059 4,204
26.1 275.9 2.6 6.5 6.0 6.2 1,655 1,541 1,565
28.0 609.4 14.1 39.5 37.0 37.6 14,490 14,768 14,694
20.9 219.9 2.9 4.4 3.9 3.9 1,125 1,073 1,158
20.1 299.2 1.6 2.6 2.9 4.0 830 864 1,217
Relative
RV4 RV5 RV6 Relative Discount
Fair Value Discount
Avg PBV (3 Avg PBV (5 Avg PBV (minimum Fair Value (minimum (median)
Year) Year) (10 Year) (median) )
)
30,455 28,622 30,455 23,890 28,799 61% 68%
4,244 4,127 4,913 3,352 4,062 -65% -36%
4,317 4,448 4,096 3,462 4,128 -11% 7%
8,356 8,356 10,544 8,097 8,406 28% 31%
3,777 4,877 5,821 3,398 3,900 74% 77%
8,739 9,541 13,166 7,940 8,795 15% 23%
11,598 11,945 10,904 10,616 11,481 -10% -2%
87,823 86,992 96,688 86,992 97,385 71% 74%
5,681 5,463 7,236 5,173 5,675 -2% 7%
9,303 9,172 11,334 8,316 9,238 -9% 1%
1,804 2,032 2,361 1,598 1,752 -17% -7%
10,562 10,617 8,858 8,558 9,375 56% 60%
8,475 8,948 10,454 8,424 8,988 16% 21%
3,042 2,856 2,484 2,416 2,847 -10% 7%
5,261 5,103 4,855 4,855 5,285 -7% 2%
4,240 4,017 6,661 2,704 4,111 -2% 33%
1,779 1,644 1,697 1,541 1,650 54% 57%
24,097 22,518 22,926 14,490 18,643 41% 54%
961 847 866 847 1,017 24% 37%
769 868 1,206 769 866 38% 45%
Apabila ingin mendownload spreadsheet ini, silahkan klik File > Download > Microsoft Excel (.xlsx)
INTRINSIC VALUATION
BBCA
EPS = 0 - 10
Growth 1158
years = Rate
Discount 9% p.a.
=
Growth after 10 8.50% nilai harus > 4.5% (BI Rate); pe
years = 3% p.a.
Rasio Campuran
1 Current Ratio = Aset lancar / Liabilitas Jangka Pendek
PWON DILD
Aset lancar = 9587 4762
Liabilitas Jangka Pendek = 3611 3651
Current Ratio = 2.65 1.30
PWON DILD
Utang berbunga = 5037 5202
Ekuitas Entitas Induk = 14410 5952
Debt to Equity Ratio = 0.35 0.87
PWON DILD
Laba bersih periode berjalan 2494 82.929
Pendapatan = 5240 1854
Net Profit Margin = 47.60% 4.47%
4 Return on Equity (ROE) = Laba bersih periode berjalan entitas induk / Eku
PWON DILD
Laba usaha = 3,529.33 322.67
Ekuitas = 17360 6515
Utang berbunga = 5037 5202
Return on Capital (ROC) 15.76% 2.75%
ad > Microsoft Excel (.xlsx)
Liabilitas Jangka PendekEPS 9M 44.65 * (Laba bersih berjalan yang diatribusikan kepada entitas induk)
=2150176250*1000/48159602400
EPS 1Y = 59.53
IDX:BBRI
price 5,525
jml lembar 123.35 Milyar P/E ratio 19.83
market cap 681,481 Milyar PBV 3.30
Net Profit 2019 34,372 Milyar
Ekuitas 2019 206,323 Milyar
Net profit per lembar 279
Ekuitas per lembar 1,673
IDX:BRIS
price 1,705
jml lembar 9.72 Milyar P/E ratio ###
market cap 16,566 Milyar PBV 3.26
Net Profit 2019 74 Milyar
Ekuitas 2019 5,088 Milyar
Net profit per lembar 8
Ekuitas per lembar 524
d > Microsoft Excel (.xlsx)
P/S ratio
Relative Valuation
Q4 Q3 Q2 Q1
PBV
Q4 Q3 Q2 Q1
P/S ratio
Q4 Q3 Q2 Q1
Apabila ingin mendownload spreadsheet ini, silahkan klik File > Download > Microsoft Excel (.xlsx)
IDX:BBRI
Saat ini avg 5y
price 5,525 P/E ratio 19.83 12.8
jml lembar 123.35 Milyar PBV 3.30 2.5
market cap 681,481 Milyar
Net Profit Entitas Induk 2019 34,372 Milyar Nilai wajar
Ekuitas Entitas Induk 2019 206,323 Milyar P/E ratio 3,560
Net profit per lembar 279 PBV 4,182
Ekuitas per lembar 1,673 Konservatif
Moderat
MoS = 30%
Diskon saat ini -42.4%
IDX:BBCA
Saat ini avg 5y
price 9,300 P/E ratio 39.73 21.8
jml lembar 122.04 Milyar PBV 6.52 4.005
market cap ### Milyar
Net Profit Entitas Induk 2019 28,565 Milyar Nilai wajar
Ekuitas Entitas Induk 2019 174,042 Milyar P/E ratio 5,095
Net profit per lembar 234 PBV 5,711
Ekuitas per lembar 1,426 Konservatif
Moderat
MoS = 10%
Diskon saat ini -74.8%
IDX:PWON
Saat ini avg 5y
price 476 P/E ratio 7.87 14.5
jml lembar 48.16 Milyar PBV 1.59 3
market cap 22,924 Milyar
Net Profit Entitas Induk 2019 2,913 Milyar Nilai wajar
Ekuitas Entitas Induk 2019 14,411 Milyar P/E ratio 879
Net profit per lembar 60 PBV 898
Ekuitas per lembar 299 Konservatif
Moderat
MoS = 50%
Diskon saat ini 51.0%
Microsoft Excel (.xlsx)
Q4 Q3 Q2 Q1
avg 10+y 2019 2019 2019 2019 2018 2018 2018 2018 2017 2017 2017 2017 2016
11.3 15.8 15.1 16.0 15.4 14.0 12.2 11.5 14.9 15.5 13.6 13.7 12.0 11.0
2.77 2.63 2.58 2.85 2.64 2.47 2.24 2.13 2.77 2.69 2.38 2.5 2.23 1.97
3,146
4,633
3,146
3,880
2,716
Q4 Q3 Q2 Q1
avg 10+y 2019 2019 2019 2019 2018 2018 2018 2018 2017 2017 2017 2017 2016
19.4 28.9 26.5 27.1 25.9 24.8 23.8 21.9 24.1 23.2 22.4 20.8 19.4 18.6
4.17 4.74 4.46 4.63 4.31 4.23 4.15 3.87 4.21 4.11 3.93 3.71 3.45 3.4
4,529
5,947
4,529
5,321
4,789
Q4 Q3 Q2 Q1
avg 10+y 2019 2019 2019 2019 2018 2018 2018 2018 2017 2017 2017 2017 2016
16.4 11.0 12.7 12.3 11.7 11.1 12.1 14.5 17.6 16.5 17.7 20.1 16.3
3.735 2.22 2.58 2.49 2.37 2.1 2.29 2.79 3.2 2.97 3.16 3.28 3.13
992
1,118
879
972
486
2016 2016 2016 2015 2015 2015 2015 2014 2014 2014 2014 2013 2013 2013 2013 2012
11.6 10.4 11.1 11.1 8.7 10.5 13.4 11.9 10.7 11.1 10.6 8.4 8.5 9.5 11.1 9.2
2.14 2 2.5 2.5 1.99 2.5 3.41 2.95 2.82 3 2.99 2.26 2.43 2.79 3.34 2.65
2016 2016 2016 2015 2015 2015 2015 2014 2014 2014 2014 2013 2013 2013 2013 2012
19.6 17.2 17.8 18.2 17.1 19.4 21.7 19.6 20.0 17.2 17.4 16.6 17.9 19.4 22.8 19.1
3.55 3.18 3.25 3.67 3.52 4.08 4.58 4.17 4.32 3.86 3.85 3.71 4.03 4.28 4.97 4.33
2016 2016 2016 2015 2015 2015 2015 2014 2014 2014 2014 2013 2013 2013 2013 2012
23.1 21.1 15.8 18.9 6.7 8.8 10.1 9.9 12.5 12.0 13.9 11.5 12.9 16.3 20.9 14.5
3.92 3.75 3 3.31 2.35 3.09 3.82 4.02 3.91 3.68 3.95 3.35 3.77 4.92 5.76 3.72
2012 2012 2012 2011 2011 2011 2011 2010 2010 2010 2010 2009 2009 2009 2009 2008
10.3 9.2 10.7 11.0 9.5 11.5 11.3 11.3 14.2 14.1 13.1 12.9 13.2 11.7 8.3 9.5
3.07 2.84 3.14 3.35 3.21 3.88 3.53 3.53 3.77 3.76 3.36 3.46 3.58 2.97 2.14 2.52
2012 2012 2012 2011 2011 2011 2011 2010 2010 2010 2010 2009 2009 2009 2009 2008
17.0 15.9 17.8 18.2 18.9 20.3 20.0 18.6 21.1 19.6 19.1 17.6 16.6 13.1 12.2 13.9
3.96 3.96 4.45 4.7 4.77 5.08 4.75 4.63 5.09 4.86 4.55 4.29 4.22 3.46 3.05 3.44
2012 2012 2012 2011 2011 2011 2011 2010 2010 2010 2010 2009 2009 2009 2009 2008
18.2 17.5 24.5 26.1 23.2 28.9 26.5 27.4 88.4 50.9 21.2 33.5 27.2 27.6 -33.0 ###
4.75 3.7 4.11 4.05 4.61 5.9 5.56 6.09 7.29 5.98 4.71 4.53 3.89 2.89 1.91 3.92
WEBINAR 3 - SIMULASI TABUNGAN RUTIN
Pengeluaran bulanan = 10 jt
Pengeluaran tahunan = 120 jt
Inflasi = 4%
Pensiun kita brp tahun lagi = 20
IDX:BBRI
Saat ini avg 5y
price 5,525 P/E ratio 19.83 12.16
jml lembar 123.35 Milyar PBV 3.84 2.5
market cap 828,990 Milyar
Net Profit Entitas Induk 2019 34,372 Milyar x Nilai wajar
Ekuitas Entitas Induk 2019 206,323 Milyar x P/E ratio 3,389
Net profit per lembar 279 PBV 3,593
Ekuitas per lembar 1,437 Konservatif
Moderat
MoS = 30%
Diskon saat ini -57.3%
IDX:BBNI
Saat ini avg 5y
price 9,100 P/E ratio 10.91 9.8
jml lembar 18.46 Milyar PBV 1.58 1.345
market cap 168,006 Milyar
Net Profit Entitas Induk 2019 Milyar Nilai wajar
Ekuitas Entitas Induk 2019 Milyar P/E ratio 8,186
Net profit per lembar 834 PBV 7,751
Ekuitas per lembar 5,763 Konservatif
Moderat
MoS = 40%
Diskon saat ini -6.5%
IDX:PWON
Saat ini avg 5y
price 476 P/E ratio 7.87 13.6
jml lembar 48.16 Milyar PBV 1.59 2.985
market cap 22,924 Milyar
Net Profit Entitas Induk 2019 2,913 Milyar Nilai wajar
Ekuitas Entitas Induk 2019 14,411 Milyar P/E ratio 822
Net profit per lembar 60 PBV 893
Ekuitas per lembar 299 Konservatif
Moderat
MoS = 50%
Diskon saat ini 50.1%
Microsoft Excel (.xlsx)
Q1 Q4 Q3 Q2 Q1
avg 10+y 2020 2019 2019 2019 2019 2018 2018 2018 2018 2017 2017 2017 2017
11.28 10.84 15.8 15.1 16.0 15.4 14.0 12.2 11.5 14.9 15.5 13.6 13.7 12.0
2.73 2.1 2.63 2.58 2.85 2.64 2.47 2.24 2.13 2.77 2.69 2.38 2.5 2.23
3,143
3,923
3,143
3,512
2,458
Q1 Q4 Q3 Q2 Q1
avg 10+y 2020 2019 2019 2019 2019 2018 2018 2018 2018 2017 2017 2017 2017
10.6 4.6 9.5 8.8 11.3 11.4 10.9 9.3 9.0 11.5 13.6 10.0 9.2 10.4
1.64 0.66 1.19 1.15 1.5 1.55 1.52 1.36 1.34 1.67 1.87 1.45 1.35 1.38
8,804
9,452
7,751
8,548
5,129
Q4 Q3 Q2 Q1
avg 10+y 2019 2019 2019 2019 2018 2018 2018 2018 2017 2017 2017 2017 2016
16.3 10.1 11.0 12.7 12.3 11.7 11.1 12.1 14.5 17.6 16.5 17.7 20.1 16.3
3.72 1.83 2.22 2.58 2.49 2.37 2.1 2.29 2.79 3.2 2.97 3.16 3.28 3.13
986
1,113
822
954
477
2016 2016 2016 2016 2015 2015 2015 2015 2014 2014 2014 2014 2013 2013 2013 2013
11.0 11.6 10.4 11.1 11.1 8.7 10.5 13.4 11.9 10.7 11.1 10.6 8.4 8.5 9.5 11.1
1.97 2.14 2 2.5 2.5 1.99 2.5 3.41 2.95 2.82 3 2.99 2.26 2.43 2.79 3.34
2016 2016 2016 2016 2015 2015 2015 2015 2014 2014 2014 2014 2013 2013 2013 2013
9.1 9.6 8.8 10.5 10.3 8.4 11.9 12.0 10.6 10.2 9.2 9.9 8.1 8.9 10.0 12.4
1.18 1.22 1.2 1.24 1.22 1.25 1.67 2.25 1.93 1.84 1.66 1.81 1.55 1.67 1.82 2.09
2016 2016 2016 2015 2015 2015 2015 2014 2014 2014 2014 2013 2013 2013 2013 2012
23.1 21.1 15.8 18.9 6.7 8.8 10.1 9.9 12.5 12.0 13.9 11.5 12.9 16.3 20.9 14.5
3.92 3.75 3 3.31 2.35 3.09 3.82 4.02 3.91 3.68 3.95 3.35 3.77 4.92 5.76 3.72
2012 2012 2012 2012 2011 2011 2011 2011 2010 2010 2010 2010 2009 2009 2009 2009
9.2 10.3 9.2 10.7 11.0 9.5 11.5 11.3 11.3 14.2 14.1 13.1 12.9 13.2 11.7 8.3
2.65 3.07 2.84 3.14 3.35 3.21 3.88 3.53 3.53 3.77 3.76 3.36 3.46 3.58 2.97 2.14
2012 2012 2012 2012 2011 2011 2011 2011 2010 2010 2010 2010 2009 2009 2009 2009
9.8 10.8 11.2 12.2 12.2 13.3 14.8 17.1 17.6 14.8 10.6 11.5 11.5 13.7 12.5 6.1
1.59 1.78 1.82 1.91 1.88 1.95 2.13 2.18 2.18 2.5 1.71 1.64 1.5 1.67 1.42 0.63
2012 2012 2012 2011 2011 2011 2011 2010 2010 2010 2010 2009 2009 2009 2009 2008
18.2 17.5 24.5 26.1 23.2 28.9 26.5 27.4 88.4 50.9 21.2 33.5 27.2 27.6 -33.0 ###
4.75 3.7 4.11 4.05 4.61 5.9 5.56 6.09 7.29 5.98 4.71 4.53 3.89 2.89 1.91 3.92
2008
9.5
2.52
2008
8.04 8.08
0.64 0.94
Apabila ingin mendownload spreadsheet ini, silahkan klik File > Download > Microsoft Excel (.xlsx)
Tahun
INTRINSIC VALUATION 2014
BBRI 2015
CAEPS =Rate
Discount 241.58 2016
=
Growth 0 - 10 10.00% = 7% + 0.6*(12%-7%) 2017
years = after 10
Growth 6% p.a. 2018
years = after 20
Growth 3.0% p.a. 2019
years = 2.0% p.a. 2020
NR BBRI = 3,512
NI BBRI = 4,106
NW BBRI = 3,809
Ini adalah request di Kolom Komentar WBI Ep. 19 untuk Mencari Bobot Saham IDX30
Update 4 Mei 2020, sumber: https://www.idx.co.id/data-pasar/data-saham/indeks-saham/
Market Cap
Ticker Saham Lembar Harga (Milyar)
IDX:BBCA BBCA 5,566,812,058 9300 51,771.35
IDX:BBRI BBRI 51,328,401,502 5525 283,589.42
IDX:TLKM TLKM 45,318,430,440 3830 173,569.59
IDX:BMRI BMRI 18,479,999,999 5800 107,184.00
IDX:ASII ASII 18,254,034,111 6750 123,214.73
IDX:UNVR UNVR 5,497,415,000 3730 20,505.36
IDX:CPIN CPIN 6,578,877,600 5275 34,703.58
IDX:BBNI BBNI 7,384,867,957 9100 67,202.30
IDX:BRPT BRPT 24,773,325,538 915 22,667.59
IDX:KLBF KLBF 20,643,803,777 1870 38,603.91
IDX:SMGR SMGR 2,904,665,344 6925 20,114.81
IDX:INDF INDF 4,344,555,032 7100 30,846.34
IDX:UNTR UNTR 1,508,093,635 27500 41,472.57
IDX:INTP INTP 1,795,336,700 11250 20,197.54
IDX:ICBP ICBP 2,332,381,600 11675 27,230.56
IDX:ADRO ADRO 15,964,193,634 2520 40,229.77
IDX:GGRM GGRM 330,173,501 25450 8,402.92
IDX:HMSP HMSP 8,654,064,921 900 7,788.66
IDX:INKP INKP 2,196,052,553 9750 21,411.51
IDX:PGAS PGAS 10,433,545,128 1485 15,493.81
IDX:ACES ACES 6,865,145,000 715 4,908.58
IDX:PTBA PTBA 3,884,766,299 2770 10,760.80
IDX:JPFA JPFA 5,525,562,235 1370 7,570.02
IDX:MNCN MNCN 6,808,273,759 540 3,676.47
IDX:INCO INCO 2,014,095,859 6150 12,386.69
IDX:ANTM ANTM 8,365,109,201 1960 16,395.61
IDX:BBTN BBTN 4,193,640,000 1300 5,451.73
IDX:WSKT WSKT 4,609,713,760 202 931.16
IDX:PTPP PTPP 3,037,949,703 570 1,731.63
IDX:ERAA ERAA 1,451,131,000 515 747.33
1,220,760.35
Bobot Saham IDX30
ham/indeks-saham/
Bobot
4.24%
23.23%
14.22%
8.78%
10.09%
1.68%
2.84%
5.50%
1.86%
3.16%
1.65%
2.53%
3.40%
1.65%
2.23%
3.30%
0.69%
0.64%
1.75%
1.27%
0.40%
0.88%
0.62%
0.30%
1.01%
1.34%
0.45%
0.08%
0.14%
0.06%
100.00%
Lower Risk Market Risk (IHSG)
Beta 0.5 0.75 1 1.5
1 ROE 25.0% 17.5% 10.0% 7.5%
2 DER 10.0% 25.0% 50.0% 100.0%
3 NPM 20.0% 10.0% 8.5% 5.0%
4 Profit Margin Stab (covariance) 2.5% 7.5% 10.0% 15.0%
5 Earning's Predictability (R) 97.5% 85.0% 75.0% 50.0%
6 Market cap (size, in Bio) 200 100 50 10
Higher Risk Input Value
2
5.0% 20.0% 0.67
200.0% 0.0% 0.50
2.5% 25.0% 0.50
20.0% 5.0% 0.63
25.0% 99.0% 0.50
1 250 0.50
BETA = 0.55
Adjustment = 0.00
FINAL BETA = 0.55