Stock Valuation of Pt. Adhi Commuter Properti Tbk (ADCP) as a Transit-Oriented Development Property Developer

Amid global economic uncertainty in 2023, Indonesia focuses on innovative solutions for urban expansion challenges. The government addresses limited urban land and traffic congestion with new LRT infrastructures and Transit-oriented Development (TOD) residences. Bank Indonesia’s efforts to stabilize the reverse repo rate support stability and growth, which could boost housing loan demand and benefit property industries. PT. Adhi Commuter Properti tbk. (ADCP) positions itself to take advantage of rising urban property demand. However, the company lost more than half of its market share after it went public (IPO). The researcher tried to analyze ADCP’s value using DCF, Relative Valuation, and NAV methods to reveal potential undervaluation. This research utilizes secondary data gathered to learn the subject. The data is derived from a comprehensive review of prior research books, related journals, and company financial reports sourced from the Indonesian Stock Exchange (IDX) website and the company’s official website. The data obtained is subjected to quantitative analysis to derive meaningful results.