Kriteria saham fundamental kuat jadi filter value investing pilih bisnis moat tak tertandingi, manajemen elite, neraca sehat tahan resesi. ROE konsisten 15-25%, revenue growth stabil 10-15%, DER terkendali <0.5 tandakan compounder ala Warren Buffett. Hindari growth trap revenue tinggi profit tipis atau value trap murah tapi bisnis sekarat.
Screening 15 menit sistematis watchlist 10-12 saham: 40% bank, 30% konsumer esensial, 20% tambang kontrak panjang, 10% tech recurring. Diversifikasi moat kuat kurangi risiko sambil tangkap multiple expansion 3-5 tahun.
Kriteria Kuantitatif Fundamental Wajib
Rasio neraca dan profitabilitas jadi pondasi. Kriteria saham fundamental kuat target ini.
Profitabilitas Superior
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ROE >15% 5 tahun konsisten (bank >20%).
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ROA >8% aset efisiensi tanpa leverage.
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Net Margin >10% pricing power stabil.
Valuasi Wajar
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P/E <15x sektor rata-rata.
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PBV <2x diskon book value.
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PEG <1 growth murah.
Neraca Sehat
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DER <0.5 (bank <4x wajar).
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Current Ratio >1.5 likuiditas aman.
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FCF Positif 3 tahun cover dividen.
Kriteria Kualitatif Moat Kompetitif
Angka bagus tak cukup, lindungi profitabilitas. Kriteria saham fundamental kuat cari moat.
Economic Moat Tak Tertandingi
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Brand: UNVR shampoo rumah tangga wajib.
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Cost Leader: Semen low cost curve.
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Network Effect: Telkom infra switching cost.
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Regulasi: Bank lisensi terbatas OJK.
Manajemen Shareholder Friendly
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Insider ownership >10%.
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Capital allocation: buyback + dividen rutin.
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Transparansi laporan audited Big4 clean opinion.
Screening Saham Fundamental Kuat BEI
Proses 20 menit watchlist power step-by-step.
Langkah Stockbit Screener
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Filter Dasar: Market cap >Rp10T, ROE >15%, revenue growth >10%.
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Valuasi: P/E <15x, PBV <2x.
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Neraca: DER <0.5, FCF yield >5%.
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Kualitatif: Moat + management check.
Target 10-12 saham: BBCA (bank elite), UNVR (FMCG moat), TLKM (infra).
Contoh Saham BEI Fundamental Kuat
Kriteria saham fundamental kuat profil unggulan.
BBCA: Bank Elite ROE Monster
ROE 22-25%, DER 0.8x, CASA 80%, P/E 15x wajar.
UNVR: FMCG Pricing Power
ROE 90%, gross margin 50%, payout 85%, DER 0.2x.
TLKM: Infra Network Moat
Revenue growth 5-10%, FCF Rp20T+, dividend aristocrat.
Tabel Benchmark Kriteria Sektor BEI
Kriteria saham fundamental kuat sesuaikan industri.
| Sektor | ROE Min | DER Max | P/E Max | Revenue Growth | Moat Type |
|---|---|---|---|---|---|
| Bank | 20% | 4x | 12x | 10% | Lisensi |
| Konsumer | 15% | 0.5x | 15x | 12% | Brand |
| Tambang | 15% | 1x | 10x | Siklikal | Kontrak |
| Teknologi | 12% | 0.8x | 25x | 25% | Network |
| Properti | 12% | 1.5x | 12x | 15% | Lokasi |
Strategi Portofolio Fundamental Kuat
Alokasi margin safety. Kriteria saham fundamental kuat konstruksi optimal.
Alokasi Value Investing
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40% Anchor (BBCA, BBRI): ROE stabil.
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30% Growth Moat (UNVR, ASII): Margin ekspansi.
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20% Cyclic Value (UNTR, ADRO): P/E <8x.
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10% Cash: Opportunistic undervalued.
Buy Rule Margin Safety
Fair value Rp10.000 → beli Rp6.500-7.000 (30-35% diskon).
Kesalahan Screening Fundamental Umum
Hindari jebakan klasik. Kriteria saham fundamental kuat waspadai:
Value Trap
P/E 5x tapi ROE <5%, revenue turun 3 tahun.
Growth Trap
Revenue +50% tapi net margin <3%, burn cash.
Cyclical Peak
ROE 40% batubara USD150, beli top siklus rugi 70%.
No Moat
Margin erosi kompetisi harga, ROE turun tren.
Tools Screening Fundamental Kuat Gratis
Akses data lengkap. Kriteria saham fundamental kuat pakai ini.
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Stockbit: Custom screener ROE+DER.
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RTI Business: Rasio historis 10 tahun.
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Yahoo Finance: Peer moat comparison.
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IDX.co.id: Annual report management.
FAQ
ROE 15% minimal wajib?
Ya, di bawah 10% susah compound jangka panjang.
Bank DER 4x bahaya?
Tidak, leverage khas industri aman CAR >15%.
P/E 25x tech boleh?
Ya jika growth 30%+ PEG <1.
Berapa saham cukup diversifikasi?
10-15 moat kuat kurangi risiko.
Kapan review fundamental?
Kuartalan laporan, tahunan strategi.
Saham BEI paling kuat sekarang?
BBCA: ROE 25%, moat ritel premium.