Company Financial Performance Analysis Using Eva, Mva, and Fva Methods at PT. Semen Indonesia (Persero) Tbk. 2019-2023 Period

Abstract

This study aims to analyze the financial performance of PT. Semen Indonesia (Persero) Tbk using the Economic Value Added (EVA), Market Value Added (MVA), and Financial Value Added (FVA) methods for 5 periods, in 2019-2023. This research uses a quantitative descriptive approach. The data used is secondary data. This research data collection technique uses documentation technique where data collection is obtained from existing document such as the financial reports of PT. Semen Indonesia (Persero) Tbk. The results showed, according on the Economic Value Added (EVA) method is still lacking, with a negative value (EVA < 0), which means the company has not succeed in creating economic value added. Next, the Market Value Added (MVA) method shows fluctuating results, but the MVA value is in a positive position (MVA > 0) which means that the company is able to increase wealth for shareholders. Meanwhille, the result of Financial Value Added (FVA) show a significant upward trend, which means a positive value (FVA > 0), indicating that the company’s financial performance is able to create financial value added for shareholders.