Overvalued And Undervalued Stock? Comparative Case Study Using Discounted Cashflow Method
Abstract
This study aims to analyze the intrinsic value of PT Indofood Sukses Makmur Tbk and PT Unilever Indonesia Tbk using the Discounted Cash Flow (DCF) method. The companies were selected based on their strategic role in the consumer goods sector and their attractiveness to investors. A descriptive quantitative approach was applied using secondary data from financial reports for 2022–2024. The results indicate that INDF shares are undervalued on 2022 until 2024, UNVR shares are overvalued on 2022 until 2023 dan undervalued on 2024. This discrepancy reflects differences in business structure and cash flow efficiency between the firms. The findings emphasize the importance of fundamental valuation in supporting rational and strategic investment decisions.
Downloads
Copyright (c) 2026 Yulia Sukma Hardyanti, Vita Via Puspita, Ika Atma Kurniawati
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
An author who publishes in the EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis agrees to the following terms:
Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under the Creative Commons Attribution-ShareAlike 4.0 License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal
Submission of a manuscript implies that the submitted work has not been published before (except as part of a thesis or report, or abstract); that it is not under consideration for publication elsewhere; that its publication has been approved by all co-authors. If and when the manuscript is accepted for publication, the author(s) still hold the copyright and retain publishing rights without restrictions. For the new invention, authors are suggested to manage its patent before published. The license type is CC-BY-SA 4.0.
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
