ANALISIS KINERJA KEUANGAN PERUSAHAAN DENGAN METODE MARKET VALUE ADDED (MVA) DAN ECONOMIC VALUE ADDED (EVA) PADA PT. SEMEN BATURAJA TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2019-2022

Abstract

ABSTRACT Azizi Sri Aulia,71190312086, Analysis of Company Financial Performance Using Market Value Added (MVA) and Economic Value Added (EVA) Methods at PT Semen BatuRaja Tbk Listed on the Indonesian Stock Exchange (BEI) 2019-2022, Supervised by: Yusrita, SE., M.M as Supervisor I and Ilham Sonata, S.E., M.M as Supervisor II, Thesis: 2023 The research conducted by the author aims to determine the company's financial performance using the Market Value Added (MVA) and Economic Value Added (EVA) methods at PT. Semen Batu Raja Tbk which is listed on the Indonesia Stock Exchange (BEI) 2019-2022. This type of quantitative descriptive research, with research objects namely Market Value Added (MVA) (X1), Economic Value Added (EVA) (X2) and Financial Performance (Y) of PT. Semen Batu Raja Tbk. The research results show that PT Semen Batu Raja Tbk has a positive MVA value, in this case the company management has succeeded in increasing the wealth of shareholders and it can be seen that PT Semen Batu Raja Tbk has a good EVA starting in 2022. In 2019 and 2021 the EVA is negative . If the EVA value is positive then this indicates that the EVA value is > 0, which means the company can provide added value to the investment it makes. EVA has a negative value because the CC value is greater than the NOPAT value. Apart from that, EVA has a negative value due to Covid 19. This shows that the EVA value is < 0, meaning that the company was in a bad situation at that time, so the company was unable to provide added value for that year. The financial performance of PT Semen Batu Raja Tbk can be said to be quite poor overall. This is characterized by loss-making financial performance in 2019 - 2020 which causes a negative EVA value. Meanwhile, in 2021, the EVA value remains negative even though the company makes a profit. This shows that the profits obtained are not able to cover all existing capital costs, in 2022 the EVA value will be positive so that the company's EVA value will improve. Keywords : Financial Performance, Market Value Added (MVA), Economic Value Added (EVA)