Performance Comparison Analysis of Three Go Public Companies in Agriculture Plantation Industry Sector Before and During the Covid-19 Pandemic
Tjut Naridha Selsa (a*), Eko Rizkianto (b)

a) University of Indonesia, Indonesia *tjutnaridhaselsa[at]yahoo.com
b) University of Indonesia

Abstract

This paper aims to analyze the financial performance of three listed companies on the Indonesia Stock Exchange (IDX) from the Agriculture Plantation Industry before and during the Covid-19 pandemic. The analysis was used to provide accurate financial performance for PT Astra Agro Lestari Tbk (AALI), PT Sawit Sumbermas Sarana Tbk (SSMS), and PT Perusahaan Perkebunan London Sumatera Indonesia (PP London) using 6 years^ financial data from 2015 to 2020, DuPont analysis, PER, MVA, and the EVA method. Research states that MVA and EVA have better predictive results in analyzing the financial performance and market value of a company than other traditional methods like ROIC, ROA, and ROE. On the other hand, the PER method combines market and fundamental analysis for the initial company^s valuation stage. The results of the aforementioned research will later provide an accurate picture of the company^s financial condition before and during the Covid-19 pandemic, as well as how changes in financial ratios can also affect the overall company^s financial performance and help the company^s management to make decisions accurately.

Keywords: Company Financial Performance, DuPont Analysis- Price Earnings Ratio (PER)- Economic Value Added (EVA)- Market Value Added (MVA)

Topic: Financial Management and Accounting