ANALISIS KELAYAKAN PEMBELIAN SAHAM OVERVALUED DENGAN PENDEKATAN PRESENT VALUE OF GROWTH OPPORTUNITIES (PVGO) PADA INDEKS SAHAM LQ45 PERIODE 2019-2021

This research was conducted to determine the feasibility and growth value of stocks that are overvalued in the future using the value of current growth opportunity (PVGO) approach. Several stock valuation calculations and PVGO are performed using the Financial Modelling method via Microsoft Excel. Based on purposive sampling, there were 13 stocks selected as research samples. These shares are ANTM, BBCA, BBNI, BBRI, CPIN, HMSP, INTP, ITMG, KLBF, SMGR, TKIM, TLKM, UNVR. PVGO results on 7 stocks are positive and 6 stocks are negative. Based on these results, ANTM, BBNI, BBRI, INTP, ITMG, SMGR, and UNVR shares are worth buying because they have growth opportunities in the future.
Keywords : stock valuation ; PER ; PVGO ; Index LQ45

Penelitian ini dilakukan untuk mengetahui nilai kelayakan dan pertumbuhan saham yang dinilai terlalu tinggi di masa depan dengan pendekatan nilai peluang pertumbuhan saat ini (PVGO). Beberapa perhitungan valuasi saham dan PVGO dilakukan dengan metode Financial Modelling melalui Microsoft Excel. Berdasarkan purposive sampling terdapat 13 saham yang terpilih sebagai sampel penelitian. Saham - saham tersebut yaitu ANTM, BBCA, BBNI, BBRI, CPIN, HMSP, INTP, ITMG, KLBF, SMGR, TKIM, TLKM, UNVR. Hasil PVGO pada 6 saham bersifat positif dan 7 saham bernilai negatif. Berdasarkan hasil tersebut saham ANTM, BBNI, BBRI, INTP, ITMG, dan SMGR layak dibeli karena memiliki peluang pertumbuhan di masa depan.
Kata -Kata Kunci : valuasi saham ; PER ; PVGO ; Indeks LQ45