Fundamental Analysis of PT Bank Central Asia TBK Shares Using Top-Down Approach (Period 2021–2024)
DOI:
https://doi.org/10.59890/ijaamr.v4i5.228Keywords:
Fundamental Analysis, Top-Down Approach, Banking, BBCA, Financial Performance, PERAbstract
This study analyzes the fundamentals of PT Bank Central Asia Tbk (BBCA) for the 2021-2024 period using a top-down approach, encompassing macroeconomic analysis, banking industry analysis, and evaluation of the company's internal conditions. The study employs secondary data derived from BBCA's financial reports, as well as publications from the Financial Services Authority (OJK), Bank Indonesia (BI), the Central Statistics Agency (BPS), and the Indonesia Stock Exchange (IDX). The results reveal that Indonesia's economic stability, controlled inflation, and maintained interest rate policies have had a positive impact on the banking sector. BBCA demonstrates very strong performance, characterized by high liquidity and capital levels, good asset quality, and consistently increasing profitability year over year. Evaluation using the Price Earnings Ratio (PER) method indicates that BBCA shares are currently in an undervalued condition, making them an attractive investment option. Overall, BBCA exhibits positive and stable long-term prospects
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