Citation:

Hafidz Yusuf Kusumaningdityo, Erman Sumirat, Oktofa Yudha Sudrajad. "Financial Analysis and Strategic Insights for Pt Sentral Mitra Informatika, Tbk." International Research Journal of Economics and Management Studies, Vol. 4, No. 2, pp. 117-130, 2025.

Abstract:

The IT industry is experiencing significant global growth, with the Asia Pacific region leading in market share. PT Sentral Mitra Informatika, Tbk. (SMI), an established company in Indonesia's IT sector faces challenges such as fluctuating revenue growth, competitive pressures, high revenue volatility, escalating general and administrative expenses, and significant profit decline. This study employs financial ratio analysis, discounted cash flow (DCF) valuation, and business portfolio construction to assess SMI's financial health, determine its intrinsic value, and explore strategies to enhance its value. Financial ratios examine liquidity, profitability, and leverage, while the DCF method estimates SMI's intrinsic value. The research covers SMI's financial performance from 2018 to 2023, analyzing historical data and projecting future performance. The study comprehensively analyzes SMI's financial performance and offers strategic insights to improve its financial stability and growth potential. Key areas for improvement are identified, and strategic recommendations are provided to enhance SMI's financial stability and growth potential.

References:

[1] Bloomenthal, A. (2024, July 26). Financial ratio analysis: Definition, types, examples, and how to use. Investopedia.
[2] Daniel Crozier, J. F. (1969). Discounted Cash Flow. Scientific Horticulture, 21, 81-89.
[3] Damodaran, A. (2012). Investment valuation: Tools and techniques for determining the value of any asset (Vol. 666). John Wiley & Sons.
[4] Damodaran, A. (2014). Applied corporate finance. John Wiley & Sons.
[5] Damodaran, A. (2024). Country Default Spreads and Risk Premiums. New York University. Retrieved from https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html
[6] Damodaran, A. (2024). Country Risk Ratings and Default Spreads. New York University. Retrieved from https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ratings.html
[7] Gitman, L. J., & Zutter, C. J. (2015). Principles of Managerial Finance. Pearson.
[8] Koller, T., Goedhart, M., Wessels, D (2015). Valuation: Measuring and managing the value of companies. Wiley.
[9] Kumar, V., Leone, R. P., Aaker, D. A., & Day, G. S. (2018). Marketing research. John Wiley & Sons.
[10] Pemerintah Republik Indonesia. (2021). Undang-undang Nomor 7 Tahun 2021 tentang Harmonisasi Peraturan Perpajakan
[11] PT Metrodata Electronics Tbk (2024). Financial statement 2023. Retrieved from https://idx.co.id
[12] PT Sentral Mitra Informatika Tbk. (2024). Annual Report 2023. Retrieved from https://idx.co.id
[13] PT Sentral Mitra Informatika Tbk. (2024). Financial statement 2023. Retrieved from https://idx.co.id
[14] PT Techno9 Indonesia Tbk (2024). Financial statement 2023. Retrieved from https://idx.co.id
[15] PT Tera Data Indonusa Tbk (2024). Financial statement 2023. Retrieved from https://idx.co.id
[16] PT Zyrexindo Mandiri Buana Tbk (2024). Financial statement 2023. Retrieved from https://idx.co.id
[17] Statista. (2024). Printers (hardcopy peripherals)
[18] World Bank. (n.d.). GDP growth (annual %): Indonesia. Retrieved November 30, 2024, from https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=ID
[19] World Government Bonds. (n.d.). Indonesia 10 Year Bond Historical Data. Retrieved November 30, 2024, from https://www.worldgovernmentbonds.com/bond-historical-data/indonesia/10-years/
[20] Yahoo Finance. (2024, November 30). Ratings, Interest Coverage Ratios and Default Spread for LUCK.JK.

Keywords:

Computer Hardware, Discounted Cash Flow, Financial Ratio Analysis, Strategic Insights.