Different businesses require different valuation lenses. Banks are valued with Residual Income, operating companies with FCFF DCF, and commodity names with NAV-style assumptions.
Model Routing
BBCA
Detected Sector Model: Bank Valuation
Primary Method: Residual Income
Cross-Check: Dividend Discount Model
Pilih Emiten
Market Price
Rp 9.500
Fair Value
Rp 6.325
Implied Upside / Downside
-33,4%
Model Confidence
High
Confidence reflects data availability, model fit, and assumption sensitivity — not prediction accuracy.
SGR = Retention × ROE = 12,7%. Growth fade dari SGR → 3% (terminal).
ROE fade: 23% → 20% (clamped 12-20%). Ke: 10,3%.
IDX:BBCA — RIM Model
Residual Income Model
IDX:BBCA — DDM Model
Dividend Discount Model
Blended Fair Value
Intrinsic Value / Share
Harga
Rp 9.500
Upside
-33,4%
If justified P/B is above market P/B, the market may be pricing lower future ROE, higher risk, or slower growth.
Metodologi Bank: Bank dinilai dengan model berbasis ekuitas karena deposito dan liabilitas keuangan merupakan bagian dari operasi. FCFF, WACC, capex, working capital, dan net debt bukan driver utama valuasi bank.
Raga Playbook adalah catatan riset pribadi dan bukan rekomendasi investasi. Data dapat tertunda, tidak lengkap, atau mengandung kesalahan. Selalu lakukan riset mandiri dan sesuaikan keputusan dengan profil risiko masing-masing.
| Metrik | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|
| Growth Rate | 12,7% | 10,5% | 8,4% | 6,3% | 4,2% |
| ROE (%) | 23% | 22,3% | 21,5% | 20,8% | 20% |
| BV (Rp) | Rp 2.500 | Rp 2.816 | Rp 3.161 | Rp 3.535 | Rp 3.938 |
| Residual Income (Rp) | Rp 316 | Rp 345 | Rp 374 | Rp 403 | Rp 433 |
| DPS (Rp) | Rp 259 | Rp 282 | Rp 306 | Rp 330 | Rp 354 |