RESEARCH Equity

Pergerakan Valuasi Saham LQ45 pada Tahun 2021

30-Dec-20 6-Oct-2021 EPS BVPS PER
No Emiten Kode Saham Market Cap Harga Selisih Harga (% Market Cap
Harga (IDR) PBV PBV 2021 F 2022 F 2021 F 2022 F 2021 F 2022 F
(IDR Trn) (IDR) YTD) (IDR Trn)
1 PT PP Persero Tbk PTPP IJ Equity 1,865 1.09 12 1,170 (37.3) 0.66 7 47.72 84.11 1,766 2,126 24.5 13.9
2 PT Bumi Serpong Damai Tbk BSDE IJ Equity 1,225 0.85 26 1,110 (9.4) 0.70 24 72.76 89.26 1,583 1,668 15.3 12.4
3 PT Media Nusantara Citra Tbk MNCN IJ Equity 1,140 1.07 17 865 (24.1) 0.74 13 171.97 193.49 1,166 1,309 5.0 4.5
4 PT Bank Tabungan Negara Persero Tbk BBTN IJ Equity 1,725 0.91 18 1,585 (8.1) 0.78 17 181.40 227.36 2,041 2,246 8.7 7.0
5 PT Wijaya Karya Persero Tbk WIKA IJ Equity 1,985 1.30 18 1,330 (33.0) 0.85 12 62.12 105.57 1,556 1,683 21.4 12.6
6 PT Bank Negara Indonesia Persero Tbk BBNI IJ Equity 6,175 1.04 115 6,000 (2.8) 0.94 112 488.26 788.37 6,376 7,084 12.3 7.6
7 PT Medco Energi Internasional Tbk. MEDC IJ Equity 590 1.03 15 610 3.4 1.00 15 0.03 0.04 0 0 1.7 1.1
8 PT Adaro Energy Tbk ADRO IJ Equity 1,430 0.88 46 1,865 30.4 1.02 60 0.01 0.01 0 0 10.9 10.9
9 PT Perusahaan Gas Negara Tbk PGAS IJ Equity 1,655 1.28 40 1,445 (12.7) 1.03 35 0.01 0.01 0 0 20.3 16.9
10 PT Gudang Garam Tbk GGRM IJ Equity 41,000 1.35 79 33,050 (19.4) 1.05 64 3,253.00 3,540.35 31,359 33,037 10.2 9.3
11 PT Indofood Sukses Makmur Tbk INDF IJ Equity 6,850 1.42 60 6,600 (3.6) 1.22 58 772.51 853.93 5,405 6,015 8.5 7.7
12 PT Semen Indonesia Persero Tbk SMGR IJ Equity 12,425 2.16 74 7,975 (35.8) 1.30 47 449.69 574.83 6,124 6,532 17.7 13.9
13 PT Jasa Marga Persero Tbk JSMR IJ Equity 4,630 1.76 34 4,030 (13.0) 1.45 29 141.82 231.94 2,775 3,140 28.4 17.4
14 PT Astra International Tbk ASII IJ Equity 6,025 1.57 244 5,975 (0.8) 1.45 242 435.92 522.50 4,111 4,453 13.7 11.4
15 PT United Tractors Tbk UNTR IJ Equity 26,600 1.65 99 26,525 (0.3) 1.48 99 2,568.79 2,841.36 17,881 19,654 10.3 9.3
16 PT Erajaya Swasembada Tbk ERAA IJ Equity 440 1.29 7 590 34.1 1.51 9 62.95 72.34 391 443 9.4 8.2
17 PT Bank Mandiri Persero Tbk BMRI IJ Equity 6,325 1.56 295 6,600 4.3 1.52 308 521.51 661.98 4,354 4,648 12.7 10.0
18 PT XL Axiata Tbk EXCL IJ Equity 2,730 1.52 29 2,880 5.5 1.54 31 113.78 132.00 1,870 1,968 25.3 21.8
19 PT Bukit Asam Tbk PTBA IJ Equity 2,810 1.87 32 2,840 1.1 1.60 33 401.43 417.60 1,771 1,923 7.1 6.8
20 PT Pakuwon Jati Tbk PWON IJ Equity 510 1.68 25 530 3.9 1.61 26 28.04 34.17 329 357 18.9 15.5
21 PT Japfa Comfeed Indonesia Tbk JPFA IJ Equity 1,465 1.60 17 1,830 24.9 1.63 21 198.26 201.93 1,124 1,244 9.2 9.1
22 PT Indocement Tunggal Prakarsa Tbk INTP IJ Equity 14,475 2.40 53 9,900 (31.6) 1.66 36 462.53 534.82 5,966 6,029 21.4 18.5
23 PT Vale Indonesia Tbk INCO IJ Equity 5,100 1.79 51 4,720 (7.5) 1.76 47 0.01 0.01 0 0 23.7 23.7
24 PT Summarecon Agung Tbk SMRA IJ Equity 780 1.70 12 915 17.3 1.77 15 22.16 33.54 517 547 41.3 27.3
25 PT AKR Corporindo Tbk AKRA IJ Equity 3,180 1.43 13 4,380 37.7 1.92 18 264.55 304.88 2,276 2,422 16.6 14.4
26 PT Indo Tambangraya Megah Tbk ITMG IJ Equity 13,850 1.27 16 25,650 85.2 1.95 29 0.24 0.20 1 1 7.5 9.0
27 PT Timah Tbk TINS IJ Equity 1,485 2.24 11 1,585 6.7 2.20 12 41.85 45.10 719 768 37.9 35.1
28 PT Bank Rakyat Indonesia Persero Tbk BBRI IJ Equity 4,170 2.59 514 4,120 (1.2) 2.26 623 228.53 301.35 1,820 1,979 18.0 13.7
29 PT Aneka Tambang Tbk ANTM IJ Equity 1,935 2.44 46 2,300 18.9 2.60 55 94.57 119.59 884 978 24.3 19.2
30 PT Indofood CBP Sukses Makmur Tbk ICBP IJ Equity 9,575 3.79 112 8,850 (7.6) 3.11 103 555.02 633.67 2,846 3,219 15.9 14.0
31 PT Kalbe Farma Tbk KLBF IJ Equity 1,480 3.99 69 1,370 (7.4) 3.39 64 62.62 68.26 404 441 21.9 20.1
32 PT Telekomunikasi Indonesia Persero Tbk TLKM IJ Equity 3,310 3.20 328 3,760 13.6 3.46 372 232.38 255.80 1,087 1,156 16.2 14.7
33 PT Charoen Pokphand Indonesia Tbk CPIN IJ Equity 6,525 4.59 107 6,250 (4.2) 3.85 102 298.47 319.62 1,624 1,829 20.9 19.6
34 PT Hanjaya Mandala Sampoerna Tbk HMSP IJ Equity 1,505 5.79 175 1,075 (28.6) 4.06 125 70.24 77.34 265 273 15.3 13.9
35 PT Ace Hardware Indonesia Tbk ACES IJ Equity 1,715 5.64 29 1,410 (17.8) 4.28 24 43.35 55.61 330 365 32.5 25.4
36 PT Bank Central Asia Tbk BBCA IJ Equity 33,850 4.52 835 35,900 6.1 4.38 885 1,205.91 1,424.89 8,197 9,055 29.8 25.2
37 PT Chandra Asri Petrochemical Tbk. TPIA IJ Equity 9,075 6.38 162 7,275 (19.8) 5.16 157 0.01 0.01 0 0 42.5 46.4
38 PT Sarana Menara Nusantara Tbk TOWR IJ Equity 960 4.72 49 1,235 28.6 5.24 63 64.61 70.89 236 274 19.1 17.4
39 PT Mitra Keluarga Karyasehat Tbk MIKA IJ Equity 2,730 7.90 39 2,240 (17.9) 5.60 32 78.12 75.07 400 438 28.7 29.8
40 PT Merdeka Copper Tbk MDKA IJ Equity 2,430 7.09 53 2,670 9.9 6.24 61 0.00 0.01 0 0 46.8 26.8
41 PT Tower Bersama Infrastructure Tbk TBIG IJ Equity 1,630 4.05 37 2,900 77.9 6.71 66 68.80 81.63 432 464 42.2 35.5
42 PT Unilever Indonesia Tbk UNVR IJ Equity 7,350 56.79 280 4,270 (41.9) 36.66 163 169.96 183.29 116 129 25.1 23.3
43 PT Indah Kiat Pulp & Paper Corp Tbk INKP IJ Equity 10,425 0.96 57 8,550 (18.0) #N/A N/A 47 0.07 0.08 #N/A N/A #N/A N/A 8.6 7.5
44 PT Pabrik Kertas Tjiwi Kimia Tbk TKIM IJ Equity 9,850 1.44 31 7,900 (19.8) #N/A N/A 25 #N/A N/A #N/A N/A #N/A N/A #N/A N/A #N/A N/A #N/A N/A
45 PT Barito Pacific Tbk BRPT IJ Equity 1,100 5.49 103 945 (14.1) #N/A N/A 89 0.00 0.00 #N/A N/A #N/A N/A 33.2 33.2

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this document may be received, as to the accuracy or completeness of the information contained herein. All
opinions and estimates in this report constitute our judgment as of this date and are subject to change without
notice.