Citation:

Indon Wariswantika, Oktofa Yudha Sudrajad, Restu Mahesa. "Assessing Stock Valuation and Growth Prospects of Renewable Energy Company in Indonesia (Study Case: PT Kencana Energi Lestari Tbk)" International Research Journal of Economics and Management Studies, Vol. 3, No. 6, pp. 429-434, 2024.

Abstract:

This study evaluates the stock valuation of PT Kencana Energi Lestari Tbk (KEEN) and its growth potential, focusing on its critical role in the rapidly growing renewable energy industry in Indonesia. In order to achieve global acceleration for sustainable energy and the Indonesian government’s ambitious energy-shifting targets, KEEN’s financial performance was meticulously analyzed using various financial methodologies, including Discounted Cash Flow (DCF) and Weighted Average Cost of Capital (WACC). The research finds that KEEN is strategically positioned to capitalize on Indonesia’s renewable energy initiatives, leveraging its robust financial health and operational efficiency to drive promising growth and profitability. The study provides comprehensive recommendations for investors, emphasizing KEEN’s potential as a viable long-term investment. Additionally, future research directions are proposed, highlighting the necessity for continuous evaluation of regulatory impacts and market expansion opportunities to ensure KEEN remains at the forefront of the renewable energy transition in Indonesia.

References:

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Keywords:

Stock Valuation, Financial Analysis, Growth Prospect, Renewable Energy.