Indicative Valuation Report : PT Jasa Marga (Persero)

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Anggara, Aswin and Hanartyo, Ernawan Dwi and Firliansyah and Tobing, Ronald Budikarsa and Novieta, Sylvia (2009) Indicative Valuation Report : PT Jasa Marga (Persero). Project Report. Sekolah Tinggi Manajemen IPMI, Jakarta Selatan. (Unpublished)

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Abstract

We have chosen Jasa Marga as our Group Feld Project (GFP) considering Jasa Marga is a well-established state owned Company in the growing Indonesia toll-road industry which has released its Initial Public Offering (IPO) in 2007. With a total length of 496 km toll-roads in operation from a total of 630 km of the nation's combined toll road, Jasa Marga is undoubtedly the largest toll-road operator in Indonesia. In addition, the majority of these 13 toll roads have long concessions (the longest expires in 2044), which increases Jasa Marga's credibility. We have conducted a business valuation of Jasa Marga given its favorable business, long concession period, length of toll-road it operates and future toll road expansion. For valuation purposes, a valuation procedure is implemented using a common business valuation approach and valuation method which is generally used by Company and securities houses. Which are Assets based approach. Market approach, and Income approach. The valuation approach was chosen for determining the value of the Company by using an Income Approach with a Discounted Cash Flow Method ("DCF"). Detailed description is found in the body of this report.

Item Type: Monograph (Project Report)
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HE Transportation and Communications
Divisions: Library > GFP (Group Field Project)
Depositing User: Putri Lumithasari
Date Deposited: 22 Jan 2020 02:06
Last Modified: 22 Jan 2020 02:06
URI: http://repository.ipmi.ac.id/id/eprint/520

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