Sumber Internetrepository.ump.ac.id/437/8/SURYANI - LAMPIRAN.pdf · 2017. 1. 18. · 9 PTBA Tambang...

86

Sumber Internet:

Http://www.idx.co.id

http://www.sahamok.com

http://www.saham.com/emiten/bumn-publik-bei

http://www.sahamok.com/emiten/kapitalisasi-pasar

http://pustakabakul.blogspot.co.id//2013/05/pengaruh-pertumbuhan-aset-terhadap-

nilai-perusahaan.html?=1

PENGARUH KEPUTUSAN INVESTASI ... SURYANI , F. EKONOMI UMP, 2016.

http://www.idx.co.id/

http://www.sahamok.com/

http://www.saham.com/emiten/bumn-publik-bei

http://www.sahamok.com/emiten/kapitalisasi-pasar

http://pustakabakul.blogspot.co.id/2013/05/pengaruh-pertumbuhan-aset-terhadap-nilai-perusahaan.html?=1

http://pustakabakul.blogspot.co.id/2013/05/pengaruh-pertumbuhan-aset-terhadap-nilai-perusahaan.html?=1

87

LAMPIRAN


88

Lampiran 1

Data Kriteria Sampel

No Kode Nama Emiten

1 ADHI Adhi Karya (Persero) Tbk

2 ANTM Aneka Tambang (Persero) Tbk

3 BBNI Bank Negara Indonesia Tbk

4 BBRI Bank Rakyat Indonesia (Persero) Tbk

5 BBTN Bank Tabungan Negara (Persero) Tbk

6 BMRI Bank Mandiri (Persero) Tbk

7 JSMR Jasa Marga Tbk

8 KAEF Kimia Farma (Persero) Tbk

9 PTBA Tambang Batubara Bukit Asam Tbk

10 PTPP PP (Persero) Tbk

11 SMGR Semen Indonesia (Persero) Tbk

12 TINS Timah (Persero) Tbk

13 TLKM Telekomunikasi Indonesia (Persero) Tbk

14 WIKA Wijaya Karya Tbk

Lampiran 2

Perhitungan Independen Total Asset Growth Periode 2011 – 2014

No Nama Tahun Total Asset t - Total Asset t-1 / Total Asset t-1

Total Asset t Total Asset t-1 TAG

1 ADHI

2011 6,112,953,591,126 4,927,696,202,275 0.24052972

2012 7,872,073,635,468 6,112,953,591,126 0.287769246

2013 9,720,961,764,422 7,872,073,635,468 0.234866722

2014 10,458,881,684,274 9,720,961,764,422 0.075910176

2 ANTM

2011 15,201,235,077,000 12,218,889,770,000 0.244076619

2012 19,708,540,946,000 15,201,235,077,000 0.296509188

2013 21,865,117,391,000 19,708,540,946,000 0.109423445

2014 22,044,202,220,000 21,865,117,391,000 0.008190435

3 BBNI 2011 299,058,161,000,000 248,580,529,000,000 0.203063499

2012 333,303,506,000,000 299,058,161,000,000 0.114510652


89

2013 386,654,815,000,000 333,303,506,000,000 0.16006825

2014 416,573,708,000,000 386,654,815,000,000 0.077378819

4 BBRI

2011 469,899,284,000,000 404,285,602,000,000 0.162295372

2012 551,336,790,000,000 469,899,284,000,000 0.173308428

2013 626,182,926,000,000 551,336,790,000,000 0.13575393

2014 801,955,021,000,000 626,182,926,000,000 0.280704069

5 BBTN

2011 89,121,459,000,000 68,385,539,000,000 0.303220832

2012 111,748,593,000,000 89,121,459,000,000 0.253890974

2013 131,169,730,000,000 111,748,593,000,000 0.173793123

2014 144,575,961,000,000 131,169,730,000,000 0.102205219

6 BMRI

2011 551,891,704,000,000 449,774,551,000,000 0.227040754

2012 635,618,708,000,000 551,891,704,000,000 0.151709119

2013 733,099,762,000,000 635,618,708,000,000 0.153364042

2014 855,039,673,000,000 733,099,762,000,000 0.166334675

7 JSMR

2011 21,432,133,718,000 16,952,129,334,000 0.264273844

2012 24,753,551,441,000 21,432,133,718,000 0.154973731

2013 28,366,345,328,000 24,753,551,441,000 0.145950527

2014 31,857,947,989,000 28,366,345,328,000 0.12308962

8 KAEF

2011 1,794,242,423,105 1,657,291,834,312 0.082635168

2012 2,076,347,580,785 1,794,242,423,105 0.157228006

2013 2,471,939,548,890 2,076,347,580,785 0.190522999

2014 2,968,184,626,297 2,471,939,548,890 0.2007513

9 PTBA

2011 11,507,104,000,000 8,722,699,000,000 0.319213698

2012 12,728,981,000,000 11,510,262,000,000 0.105881082

2013 11,677,155,000,000 12,728,981,000,000 -0.08263238

2014 14,812,023,000,000 11,677,155,000,000 0.268461624

10 PTPP

2011 6,933,353,587,843 5,444,073,899,824 0.273559785

2012 8,550,850,524,674 6,933,353,587,843 0.233292146

2013 12,415,669,401,062 8,550,850,524,674 0.451980638

2014 14,611,864,850,970 12,415,669,401,062 0.176889008

11 SMGR

2011 19,661,602,767,000 15,562,998,946,000 0.263355658

2012 26,579,083,786,000 19,661,602,767,000 0.351826914

2013 30,792,884,092,000 26,579,083,786,000 0.158538208

2014 34,314,666,027,000 30,792,884,092,000 0.114369993

12 TINS

2011 6,569,807,000,000 5,881,108,000,000 0.117103614

2012 6,101,007,000,000 6,569,807,000,000 -0.071356738

2013 7,883,294,000,000 6,101,007,000,000 0.292129971

2014 9,752,477,000,000 7,883,294,000,000 0.237106849

13 TLKM 2011 103,054,000,000,000 100,501,000,000,000 0.025402732


90

2012 111,369,000,000,000 103,054,000,000,000 0.080685854

2013 127,951,000,000,000 111,369,000,000,000 0.148892421

2014 140,895,000,000,000 127,951,000,000,000 0.101163727

14 WIKA

2011 8,322,979,571,000 6,286,304,902,000 0.323985982

2012 10,945,209,418,000 8,322,979,571,000 0.315059027

2013 12,594,962,700,000 10,945,209,418,000 0.150728343

2014 15,915,161,682,000 12,594,962,700,000 0.263613245


91

Lampiran 3

Perhitungan Independen Market to Book Asset Ratio Periode 2011 – 2014

No Nama Tahun (Asset - Total Ekuitas + (Saham Beredar x Harga Penutupan)/Total Aset

Asset Total Ekuitas Saham Beredar Harga Penutupan MBAR

1 ADHI

2011 6,112,953,591,126 990,367,790,588 1,801,320,000 580 1.008898777

2012 7,872,073,635,468 1,180,918,969,692 1,801,320,000 1,760 1.252716669

2013 9,720,961,764,422 1,548,462,792,571 1,801,320,000 1,510 1.120515895

2014 10,458,881,684,274 1,751,543,349,644 1,801,320,000 3,480 1.431886543

2 ANTM

2011 15,201,235,077,000 10,772,043,550,000 9,538,459,750 1,620 1.307886907

2012 19,708,540,946,000 12,832,316,056,000 9,538,459,750 1,280 0.968384896

2013 21,865,117,391,000 12,793,487,532,000 9,538,459,750 1,090 0.890393161

2014 22,044,202,220,000 11,929,561,267,000 9,538,459,750 1,065 0.919656805

3 BBNI

2011 299,058,161,000,000 37,843,024,000,000 18,462,169,893 3,800 1.108049958

2012 333,303,506,000,000 43,525,291,000,000 18,462,169,893 3,700 1.074360867

2013 386,654,815,000,000 47,683,505,000,000 18,462,169,893 3,950 1.065283206

2014 416,573,708,000,000 61,021,308,000,000 18,462,169,893 6,100 1.123862662

4 BBRI

2011 469,899,284,000,000 49,820,329,000,000 24,422,470,380 6,750 1.244800003

2012 551,336,790,000,000 64,881,779,000,000 24,422,470,380 6,950 1.190182103

2013 626,182,926,000,000 79,327,422,000,000 24,422,470,380 7,250 1.156081369

2014 801,955,021,000,000 97,737,429,000,000 24,422,470,380 11,650 1.232911256

5 BBTN

2011 89,121,459,000,000 7,321,643,000,000 8,745,199,075 1,210 1.036579831

2012 111,748,593,000,000 10,278,871,000,000 10,250,540,500 1,450 1.041024344

2013 131,169,730,000,000 11,556,753,000,000 10,458,953,500 870 0.981265011


92

2014 144,575,961,000,000 12,206,406,000,000 10,461,796,000 1,205 1.002767114

6 BMRI

2011 551,891,704,000,000 62,654,408,000,000 23,099,999,999 6,750 1.16900162

2012 635,618,708,000,000 76,532,865,000,000 23,099,999,999 8,100 1.173967716

2013 733,099,762,000,000 88,790,596,000,000 23,099,999,999 7,850 1.126237122

2014 855,039,673,000,000 104,844,562,000,000 23,099,999,999 10,775 1.168480999

7 JSMR

2011 21,432,133,718,000 9,240,280,261,000 6,800,000,000 4,200 1.901437066

2012 24,753,551,441,000 9,787,785,568,000 6,800,000,000 5,450 2.101749561

2013 28,366,345,328,000 10,866,980,040,000 6,800,000,000 4,725 1.749586163

2014 31,857,947,989,000 11,424,995,629,000 6,800,000,000 7,050 2.146181932

8 KAEF

2011 1,794,242,423,105 1,252,505,683,826 5,554,000,000 340 1.354385956

2012 2,076,347,580,785 1,441,533,689,666 5,554,000,000 740 2.285153957

2013 2,471,939,548,890 1,624,354,688,981 5,554,000,000 590 1.668505551

2014 2,968,184,626,297 1,811,143,949,913 5,554,000,000 1,465 3.131089149

9 PTBA

2011 11,507,104,000,000 8,165,002,000,000 2,304,131,850 17,350 3.764525774

2012 12,728,981,000,000 8,505,169,000,000 2,304,131,850 15,100 3.065147394

2013 11,677,155,000,000 7,551,569,000,000 2,304,131,850 10,200 2.365964216

2014 14,812,023,000,000 8,670,842,000,000 2,304,131,850 12,500 2.35908553

10 PTPP

2011 6,933,353,587,843 1,425,439,849,740 4,842,436,500 485 1.133145071

2012 8,550,850,524,674 1,655,849,031,797 4,842,436,500 830 1.276390431

2013 12,415,669,401,062 1,984,747,306,312 4,842,436,500 1,160 1.292572145

2014 14,611,864,850,970 2,390,270,175,491 4,842,436,500 3,575 2.021186581

11 SMGR

2011 19,661,602,767,000 14,615,096,979,000 5,931,520,000 11,450 3.710908549

2012 26,579,083,786,000 18,164,854,648,000 5,931,520,000 15,850 3.853737848

2013 30,792,884,092,000 21,803,975,875,000 5,931,520,000 14,150 3.017577566


93

2014 34,314,666,027,000 25,002,451,936,000 5,931,520,000 16,200 3.071655659

12 TINS

2011 6,569,807,000,000 4,597,795,000,000 5,033,020,000 1,670 1.579522108

2012 6,101,007,000,000 4,558,200,000,000 5,033,020,000 1,540 1.52329899

2013 7,883,294,000,000 4,892,110,000,000 5,033,020,000 1,600 1.400939252

2014 9,752,477,000,000 5,608,242,000,000 7,447,753,454 1,230 1.364265894

13 TLKM

2011 103,054,000,000,000 60,981,000,000,000 20,159,999,280 7,050 1.787422079

2012 111,369,000,000,000 66,978,000,000,000 20,159,999,280 9,050 2.036823474

2013 127,951,000,000,000 77,424,000,000,000 100,799,996,400 2,150 2.088666695

2014 140,895,000,000,000 86,125,000,000,000 100,799,996,400 2,865 2.438425705

14 WIKA

2011 8,322,979,571,000 2,219,375,875,000 6,027,113,500 610 1.175077128

2012 10,945,209,418,000 2,814,005,594,000 6,102,341,500 1,480 1.568053071

2013 12,594,962,700,000 3,226,958,875,000 6,139,968,000 1,580 1.51403015

2014 15,915,161,682,000 4,978,758,224,000 6,149,225,000 3,680 2.109029875


94

Lampiran 4

Perhitungan Independen Market Debt to Equity Ratio Periode 2011 – 2014

No Nama Tahun Total Hutang/Total Modal Sendiri

Total Hutang Total Modal Sendiri MDER

1 ADHI

2011 5,122,585,800,538 990,367,790,588 5.172407513

2012 6,691,154,665,776 1,180,918,969,692 5.666057399

2013 8,172,498,971,851 1,548,462,792,571 5.277814237

2014 8,707,338,334,630 1,751,543,349,644 4.971237701

2 ANTM

2011 4,429,191,527,000 10,772,043,550,000 0.411174677

2012 6,876,224,890,000 12,832,316,056,000 0.535852208

2013 9,071,629,859,000 12,793,487,532,000 0.709081854

2014 10,114,640,953,000 11,929,561,267,000 0.847863616

3 BBNI

2011 261,215,137,000,000 37,843,024,000,000 6.902596817

2012 289,778,215,000,000 43,525,291,000,000 6.65769736

2013 338,971,310,000,000 47,683,505,000,000 7.108775037

2014 341,148,654,000,000 61,021,308,000,000 5.590648008

4 BBRI

2011 420,078,955,000,000 49,820,329,000,000 8.43187838

2012 486,455,011,000,000 64,881,779,000,000 7.497559692

2013 546,855,504,000,000 79,327,422,000,000 6.893650269

2014 704,217,592,000,000 97,737,429,000,000 7.205198655

5 BBTN

2011 81,799,816,000,000 7,321,643,000,000 11.17233058

2012 101,469,722,000,000 10,278,871,000,000 9.871679682

2013 119,612,977,000,000 11,556,753,000,000 10.35005049

2014 132,369,555,000,000 12,206,406,000,000 10.84426939

6 BMRI

2011 451,379,750,000,000 62,654,408,000,000 7.20427763

2012 518,705,769,000,000 76,532,865,000,000 6.777555877

2013 596,735,488,000,000 88,790,596,000,000 6.720705963

2014 697,019,624,000,000 104,844,562,000,000 6.648123762

7 JSMR

2011 12,191,853,456,000 9,240,280,261,000 1.31942464

2012 14,965,765,873,000 9,787,785,568,000 1.529024698

2013 17,499,365,288,000 10,866,980,040,000 1.6103246

2014 20,432,952,360,000 11,424,995,629,000 1.788442904

8 KAEF

2011 541,736,739,279 1,252,505,683,826 0.43252238

2012 634,813,891,119 1,441,533,689,666 0.440373954

2013 847,584,859,909 1,624,354,688,981 0.521797897

2014 1,157,040,676,384 1,811,143,949,913 0.638845232

9 PTBA 2011 3,342,102,000,000 8,165,002,000,000 0.409320414

2012 4,223,812,000,000 8,505,169,000,000 0.496617057


95

2013 4,125,586,000,000 7,551,569,000,000 0.546321698

2014 6,141,181,000,000 8,670,842,000,000 0.708256591

10 PTPP

2011 5,507,913,738,103 1,425,439,849,740 3.864009933

2012 6,895,001,492,877 1,655,849,031,797 4.164027855

2013 10,430,922,094,750 1,984,747,306,312 5.255541631

2014 12,221,594,675,479 2,390,270,175,491 5.113059938

11 SMGR

2011 5,046,505,788,000 14,615,096,979,000 0.345294034

2012 8,414,229,138,000 18,164,854,648,000 0.463214779

2013 8,988,908,217,000 21,803,975,875,000 0.412260051

2014 9,312,214,091,000 25,002,451,936,000 0.372452034

12 TINS

2011 1,972,012,000,000 4,597,795,000,000 0.428903855

2012 1,542,807,000,000 4,558,200,000,000 0.338468474

2013 2,991,184,000,000 4,892,110,000,000 0.611430242

2014 4,144,235,000,000 5,608,242,000,000 0.738954382

13 TLKM

2011 42,073,000,000,000 60,981,000,000,000 0.68993621

2012 44,391,000,000,000 66,978,000,000,000 0.662769865

2013 50,527,000,000,000 77,424,000,000,000 0.652601261

2014 54,770,000,000,000 86,125,000,000,000 0.635936139

14 WIKA

2011 6,103,603,696,000 2,219,375,875,000 2.750144203

2012 8,131,203,824,000 2,814,005,594,000 2.889547854

2013 9,368,003,825,000 3,226,958,875,000 2.90304407

2014 10,936,403,458,000 4,978,758,224,000 2.196612683


96

Lampiran 5

Perhitungan Independen Dividend Payout Ratio Periode 2011 – 2014

No Nama Tahun Dividen Per Lembar Saham/Laba Per Lembar Saham

Dividen Per Lembar Saham Laba Per Lembar Saham DPR

1 ADHI

2011 31.55747027 103.64 0.304491222

2012 32.6052023 117.46 0.277585581

2013 23.49281572 225.38 0.10423647

2014 67.61321715 179.91 0.375816893

2 ANTM

2011 70.59420647 202.44 0.348716689

2012 103.6465952 314.06 0.330021636

2013 47.06915569 43 1.094631528

2014 9.670054539 -81 -0.119383389

3 BBNI

2011 74.78179477 312 0.23968524

2012 74.97682222 378 0.198351382

2013 113.3510076 486 0.233232526

2014 145.6568202 578 0.252001419

4 BBRI

2011 111.6118983 628.91 0.177468792

2012 146.7380611 778.93 0.188384144

2013 225.2320123 865.22 0.260317621

2014 257.4170132 982.67 0.261956723

5 BBTN

2011 34.72623635 123 0.282327125

2012 25.38372137 148 0.171511631

2013 38.73115704 148 0.261697007


97

2014 44.34722573 106 0.418370054

6 BMRI

2011 136.4016 529.33 0.257687265

2012 126.0378857 664.46 0.189684685

2013 199.338 780.16 0.255509126

2014 234.0482571 851.66 0.274814195

7 JSMR

2011 110.5740004 197.68 0.559358562

2012 82.73150044 235.91 0.350690943

2013 94.24060118 196.52 0.479547126

2014 78.98562588 206 0.383425368

8 KAEF

2011 8.332189345 30.93 0.269388598

2012 6.185233717 36.93 0.167485343

2013 5.540115799 38.63 0.143414854

2014 9.696757844 42.24 0.229563396

9 PTBA

2011 556.284138 1,339 0.415447452

2012 701.3179389 1,262 0.555719444

2013 694.6633718 822 0.84508926

2014 438.827752 927 0.473384846

10 PTPP

2011 0.080965118 50 0.001619302

2012 0.08376247 64 0.001308789

2013 0.098168506 87 0.001128374

2014 0.133370395 110 0.001212458

11 SMGR

2011 250.4013231 662 0.378249733

2012 333.1427435 817 0.407763456

2013 372.8159153 905 0.411951288


98

2014 409.0929104 938 0.436133167

12 TINS

2011 94.16592821 178 0.529022069

2012 89.08488343 86 1.035870738

2013 42.8742584 109 0.39334182

2014 38.04516379 86 0.442385625

13 TLKM

2011 90.29762227 559.67 0.16134083

2012 106.488099 669.19 0.159129842

2013 129.4047665 147.42 0.877796544

2014 153.055561 149.83 1.021528139

14 WIKA

2011 19.81463358 60.59 0.327028117

2012 21.10912777 76.01 0.27771514

2013 24.57417807 92.93 0.264437513

2014 27.80545548 100.19 0.277527253


99

Lampiran 6

Perhitungan Dependen Free Cash Flow Periode 2011 – 2014

No Nama Tahun NOPAT-Investasi bersih modal operasi

Laba Setelah Pajak Investasi bersih modal operasi Total Asset FCF

1 ADHI

2011 182,692,722,038 -25417485627 4,927,696,202,275 0.042232759

2012 213,317,532,467 961,775,738,943 6,112,953,591,126 -0.122438065

2013 408,437,913,454 1,043,466,531,690 7,872,073,635,468 -0.080668531

2014 326,656,560,598 -368,053,296,829 9,720,961,764,422 0.071465136

2 ANTM

2011 1,927,891,998,000 2,619,285,176,000 12,310,732,099,000 -0.056161825

2012 2,993,115,731,000 -5,329,451,681,000 15,201,235,077,000 0.547492843

2013 409,947,369,000 -3,417,225,788,000 19,708,540,946,000 0.194188559

2014 -775,286,289,000 -2,744,237,464,000 21,865,117,391,000 0.090049879

3 BBNI

2011 5,808,218,000,000 7,289,394,000,000 248,580,529,000,000 -0.005958536

2012 7,202,604,000,000 11,000,448,000,000 299,058,161,000,000 -0.012699349

2013 9,057,941,000,000 15,453,661,000,000 333,303,506,000,000 -0.019188877

2014 10,829,379,000,000 18,550,626,000,000 386,654,815,000,000 -0.019969354

4 BBRI

2011 15,087,996,000,000 15,114,133,000,000 404,285,602,000,000 -6.46498E-05

2012 18,687,380,000,000 11,106,798,000,000 469,899,284,000,000 0.016132355

2013 21,354,330,000,000 9,422,648,000,000 551,336,790,000,000 0.021641367

2014 24,253,845,000,000 27,155,677,000,000 626,182,926,000,000 -0.00463416

5 BBTN

2011 1,118,661,000,000 3,191,941,000,000 68,385,539,000,000 -0.030317521

2012 1,363,962,000,000 3,849,405,000,000 89,121,459,000,000 -0.027888267

2013 1,562,161,000,000 2,257,131,000,000 111,748,593,000,000 -0.006219049


100

2014 1,115,592,000,000 424,279,000,000 131,169,730,000,000 0.00527037

6 BMRI

2011 12,695,885,000,000 63,868,007,000,000 449,774,551,000,000 -0.113772827

2012 16,043,618,000,000 14,787,184,000,000 551,891,704,000,000 0.002276595

2013 18,829,934,000,000 22,415,117,000,000 635,618,708,000,000 -0.005640462

2014 20,654,783,000,000 26,564,143,000,000 733,099,762,000,000 -0.008060786

7 JSMR

2011 1,318,823,974,000 -4,887,096,906,000 18,952,129,334,000 0.327452434

2012 1,535,812,200,000 10,836,128,757,000 20,915,890,567,000 -0.444653147

2013 1,237,820,534,000 772,986,951,000 24,753,551,441,000 0.01877846

2014 1,215,331,727,000 393,294,799,000 28,366,345,328,000 0.028979303

8 KAEF

2011 171,763,175,754 120,086,287,385 1,657,291,834,312 0.031181526

2012 205,763,997,378 142,858,203,024 1,794,242,423,105 0.035059808

2013 215,642,329,977 46,373,241,795 2,076,347,580,785 0.08152252

2014 236,531,070,864 61,832,676,059 2,471,939,548,890 0.0706726

9 PTBA

2011 3,088,067,000,000 1,229,151,000,000 8,722,699,000,000 0.213112478

2012 2,909,421,000,000 -712,185,000,000 11,507,104,000,000 0.314727841

2013 1,854,281,000,000 -3,678,752,000,000 12,728,981,000,000 0.434679964

2014 2,019,214,000,000 -1,560,323,000,000 11,677,155,000,000 0.306541876

10 PTPP

2011 240,223,174,382 41,229,548,265 5,444,073,899,824 0.036552337

2012 309,682,829,604 618,899,829,150 6,933,353,587,843 -0.044598475

2013 420,719,976,436 899,862,746,566 8,550,850,524,674 -0.056034516

2014 532,065,270,922 229,417,445,454 12,415,669,401,062 0.024376279

11 SMGR

2011 3,955,272,512,000 -4,047,210,272,000 15,562,998,946,000 0.514199276

2012 4,926,639,847,000 -6,504,338,504,000 19,661,602,767,000 0.581385886

2013 5,354,298,521,000 -800,015,359,000 26,579,083,786,000 0.231547255


101

2014 5,573,577,279,000 342,247,227,000 30,792,884,092,000 0.169887628

12 TINS

2011 896,806,000,000 216,393,000,000 5,881,108,000,000 0.115694696

2012 431,588,000,000 -446,823,000,000 6,569,807,000,000 0.133704232

2013 544,401,000,000 -214,589,000,000 6,101,007,000,000 0.124404053

2014 677,368,000,000 -10,091,000,000 7,883,294,000,000 0.087204537

13 TLKM

2011 1,547,000,000,000 1,746,679,000,000 99,758,447,000,000 -0.002001625

2012 18,362,000,000,000 2,647,000,000,000 103,054,000,000,000 0.152492868

2013 20,290,000,000,000 -8,942,000,000,000 111,369,000,000,000 0.262478787

2014 21,446,000,000,000 -10,710,000,000,000 127,951,000,000,000 0.251314957

14 WIKA

2011 390,946,495,000 -1,116,605,266,000 6,286,304,902,000 0.239815247

2012 505,124,962,000 -468,324,115,000 8,322,979,571,000 0.116959205

2013 624,371,679,000 -434,643,177,000 10,945,209,418,000 0.096756016

2014 750,795,820,000 -693,166,083,000 12,594,962,700,000 0.114645985


102

Perhitungan Rumus : FCF = NOPAT – Investasi bersih modal operasi

Pada Tahun 2010

Emiten Tahun 2010

Modal Kerja Operasi Bersih = Asset Lancar - Kewajiban Lancar Total Modal Operasi = Modal Kerja - Aktiva Tetap Bersih

Asset Lancar Kewajiban Lancar Modal Kerja Modal Kerja Aktiva Tetap Bersih Total Modal Operasi

ADHI 3,943,832,511,662 3,450,703,172,062 493,129,339,600 493,129,339,600 186,401,376,095 306,727,963,505

ANTM 7,593,630,426,000 1,989,071,312,000 5,604,559,114,000 5,604,559,114,000 2,952,396,841,000 2,652,162,273,000

BBNI 239,588,624,000,000 203,032,338,000,000 36,556,286,000,000 36,556,286,000,000 3,838,079,000,000 32,718,207,000,000

BBRI 395,540,777,000,000 346,142,318,000,000 49,398,459,000,000 49,398,459,000,000 1,568,945,000,000 47,829,514,000,000

BBTN 65,802,560,000,000 56,490,002,000,000 9,312,558,000,000 9,312,558,000,000 1,450,837,000,000 7,861,721,000,000

BMRI 434,461,666,000,000 383,286,713,000,000 51,174,953,000,000 51,174,953,000,000 5,527,000,000,000 45,647,953,000,000

JSMR 4,090,141,492,000 2,478,279,260,000 1,611,862,232,000 1,611,862,232,000 10,100,448,190,000 -8,488,585,958,000

KAEF 1,139,548,849,755 469,822,675,254 669,726,174,501 669,726,174,501 413,196,818,855 256,529,355,646

PTBA 6,645,953,000,000 1,147,728,000,000 5,498,225,000,000 5,498,225,000,000 921,005,000,000 4,577,220,000,000

PTPP 5,229,927,193,374 3,729,101,968,314 1,500,825,225,060 1,500,825,225,060 77,126,920,371 1,423,698,304,689

SMGR 7,343,604,756,000 2,517,518,619,000 4,826,086,137,000 4,826,086,137,000 7,662,560,326,000 -2,836,474,189,000

TINS 4,108,890,000,000 1,269,482,000,000 2,839,408,000,000 2,839,408,000,000 1,361,918,000,000 1,477,490,000,000

TLKM 18,730,627,000,000 20,472,898,000,000 -1,742,271,000,000 -1,742,271,000,000 75,832,408,000,000 -77,574,679,000,000

WIKA 5,122,672,881,000 3,642,026,776,000 1,480,646,105,000 1,480,646,105,000 405,546,470,000 1,075,099,635,000


103

Tahun 2011 – 2014

No Nama Tahun Modal Kerja Operasi Bersih = Asset Lancar - Kewajiban Lancar Total Modal Operasi = Modal Kerja - Aktiva Tetap Bersih

Asset Lancar Kewajiban Lancar Modal Kerja Modal Kerja Aktiva Tetap Bersih Total Modal Operasi

1 ADHI

2011 5,377,659,563,432 4,875,487,799,723 502,171,763,709 502,171,763,709 220,861,285,831 281,310,477,878

2012 7,283,097,472,884 5,852,574,120,387 1,430,523,352,497 1,430,523,352,497 187,437,135,676 1,243,086,216,821

2013 9,099,466,807,010 6,541,657,147,336 2,557,809,659,674 2,557,809,659,674 271,256,911,163 2,286,552,748,511

2014 9,484,298,907,925 7,069,703,612,022 2,414,595,295,903 2,414,595,295,903 496,095,844,221 1,918,499,451,682

2 ANTM

2011 9,108,019,774,000 855,829,583,000 8,252,190,191,000 8,252,190,191,000 2,980,742,742,000 5,271,447,449,000

2012 7,646,851,196,000 3,041,406,158,000 4,605,445,038,000 4,605,445,038,000 4,663,449,270,000 -58,004,232,000

2013 7,080,437,173,000 3,855,511,633,000 3,224,925,540,000 3,224,925,540,000 6,700,155,560,000 -3,475,230,020,000

2014 6,343,109,936,000 3,862,917,319,000 2,480,192,617,000 2,480,192,617,000 8,699,660,101,000 -6,219,467,484,000

3 BBNI

2011 289,653,698,000,000 245,593,389,000,000 44,060,309,000,000 44,060,309,000,000 4,052,708,000,000 40,007,601,000,000

2012 325,080,211,000,000 269,480,574,000,000 55,599,637,000,000 55,599,637,000,000 4,591,588,000,000 51,008,049,000,000

2013 376,997,893,000,000 305,022,614,000,000 71,975,279,000,000 71,975,279,000,000 5,513,569,000,000 66,461,710,000,000

2014 406,313,429,000,000 315,079,043,000,000 91,234,386,000,000 91,234,386,000,000 6,222,050,000,000 85,012,336,000,000

4 BBRI

2011 460,121,003,000,000 395,324,538,000,000 64,796,465,000,000 64,796,465,000,000 1,852,818,000,000 62,943,647,000,000

2012 540,545,673,000,000 463,690,862,000,000 76,854,811,000,000 76,854,811,000,000 2,804,366,000,000 74,050,445,000,000

2013 613,017,771,000,000 525,572,066,000,000 87,445,705,000,000 87,445,705,000,000 3,972,612,000,000 83,473,093,000,000

2014 785,584,957,000,000 669,038,717,000,000 116,546,240,000,000 116,546,240,000,000 5,917,470,000,000 110,628,770,000,000

5 BBTN

2011 86,219,986,000,000 73,668,869,000,000 12,551,117,000,000 12,551,117,000,000 1,497,455,000,000 11,053,662,000,000

2012 108,533,840,000,000 92,047,961,000,000 16,485,879,000,000 16,485,879,000,000 1,582,812,000,000 14,903,067,000,000

2013 127,939,548,000,000 109,256,626,000,000 18,682,922,000,000 18,682,922,000,000 1,522,724,000,000 17,160,198,000,000

2014 140,896,100,000,000 121,823,240,000,000 19,072,860,000,000 19,072,860,000,000 1,488,383,000,000 17,584,477,000,000


104

6 BMRI

2011 535,678,095,000,000 420,112,889,000,000 115,565,206,000,000 115,565,206,000,000 6,049,246,000,000 109,515,960,000,000

2012 616,448,738,000,000 485,142,904,000,000 131,305,834,000,000 131,305,834,000,000 7,002,690,000,000 124,303,144,000,000

2013 711,062,679,000,000 556,698,820,000,000 154,363,859,000,000 154,363,859,000,000 7,645,598,000,000 146,718,261,000,000

2014 829,037,716,000,000 646,826,456,000,000 182,211,260,000,000 182,211,260,000,000 8,928,856,000,000 173,282,404,000,000

7 JSMR

2011 3,996,740,525,000 3,708,595,625,000 288,144,900,000 288,144,900,000 13,663,827,764,000 -13,375,682,864,000

2012 4,531,117,154,000 6,648,164,394,000 -2,117,047,240,000 -2,117,047,240,000 422,506,867,000 -2,539,554,107,000

2013 3,746,344,739,000 4,919,883,549,000 -1,173,538,810,000 -1,173,538,810,000 593,028,346,000 -1,766,567,156,000

2014 3,641,371,714,000 4,312,916,751,000 -671,545,037,000 -671,545,037,000 701,727,320,000 -1,373,272,357,000

8 KAEF

2011 1,263,029,723,926 459,694,310,937 803,335,412,989 803,335,412,989 426,719,769,958 376,615,643,031

2012 1,505,798,399,164 537,184,235,226 968,614,163,938 968,614,163,938 449,140,317,883 519,473,846,055

2013 1,810,614,614,537 746,123,148,554 1,064,491,465,983 1,064,491,465,983 498,644,378,133 565,847,087,850

2014 2,040,430,857,906 854,811,681,427 1,185,619,176,479 1,185,619,176,479 557,939,412,570 627,679,763,909

9 PTBA

2011 8,859,260,000,000 1,912,423,000,000 6,946,837,000,000 6,946,837,000,000 1,140,466,000,000 5,806,371,000,000

2012 8,718,297,000,000 1,770,664,000,000 6,947,633,000,000 6,947,633,000,000 1,853,447,000,000 5,094,186,000,000

2013 6,479,783,000,000 2,260,956,000,000 4,218,827,000,000 4,218,827,000,000 2,803,393,000,000 1,415,434,000,000

2014 7,416,805,000,000 3,574,129,000,000 3,842,676,000,000 3,842,676,000,000 3,987,565,000,000 -144,889,000,000

10 PTPP

2011 6,636,861,092,157 5,095,936,514,266 1,540,924,577,891 1,540,924,577,891 75,996,724,937 1,464,927,852,954

2012 8,188,945,200,842 6,032,342,111,437 2,156,603,089,405 2,156,603,089,405 72,775,407,301 2,083,827,682,104

2013 11,901,585,531,032 8,776,012,824,226 3,125,572,706,806 3,125,572,706,806 141,882,278,136 2,983,690,428,670

2014 13,545,180,416,606 9,838,496,713,070 3,706,683,703,536 3,706,683,703,536 493,575,829,412 3,213,107,874,124

11 SMGR

2011 7,646,144,851,000 2,889,137,195,000 4,757,007,656,000 4,757,007,656,000 11,640,692,117,000 -6,883,684,461,000

2012 8,231,297,105,000 4,825,204,637,000 3,406,092,468,000 3,406,092,468,000 16,794,115,433,000 -13,388,022,965,000

2013 9,972,110,370,000 5,297,630,537,000 4,674,479,833,000 4,674,479,833,000 18,862,518,157,000 -14,188,038,324,000

2014 11,648,544,675,000 5,273,269,122,000 6,375,275,553,000 6,375,275,553,000 20,221,066,650,000 -13,845,791,097,000

12 TINS 2011 4,631,418,000,000 1,421,976,000,000 3,209,442,000,000 3,209,442,000,000 1,515,559,000,000 1,693,883,000,000


105

2012 3,929,664,000,000 959,806,000,000 2,969,858,000,000 2,969,858,000,000 1,722,798,000,000 1,247,060,000,000

2013 5,360,664,000,000 2,439,590,000,000 2,921,074,000,000 2,921,074,000,000 1,888,603,000,000 1,032,471,000,000

2014 6,552,176,000,000 3,512,730,000,000 3,039,446,000,000 3,039,446,000,000 2,017,066,000,000 1,022,380,000,000

13 TLKM

2011 21,258,000,000,000 22,189,000,000,000 -931,000,000,000 -931,000,000,000 74,897,000,000,000 -75,828,000,000,000

2012 27,973,000,000,000 24,107,000,000,000 3,866,000,000,000 3,866,000,000,000 77,047,000,000,000 -73,181,000,000,000

2013 33,075,000,000,000 28,437,000,000,000 4,638,000,000,000 4,638,000,000,000 86,761,000,000,000 -82,123,000,000,000

2014 33,762,000,000,000 31,786,000,000,000 1,976,000,000,000 1,976,000,000,000 94,809,000,000,000 -92,833,000,000,000

14 WIKA

2011 5,838,851,683,000 5,127,208,872,000 711,642,811,000 711,642,811,000 753,148,442,000 -41,505,631,000

2012 7,186,554,643,000 6,527,627,883,000 658,926,760,000 658,926,760,000 1,168,756,506,000 -509,829,746,000

2013 7,994,288,651,000 7,298,469,461,000 695,819,190,000 695,819,190,000 1,640,292,113,000 -944,472,923,000

2014 9,514,446,542,000 8,476,042,469,000 1,038,404,073,000 1,038,404,073,000 2,676,043,079,000 -1,637,639,006,000


106

Rumus Investasi Bersih = Total Modal Operasi t – Total Modal Operasi t-1

Investasi bersih = Total modal operasi t - total modal operasi t-1

Total Modal Operasi t Total Modal operasi t-1 Investasi bersih

281,310,477,878 306,727,963,505 -25,417,485,627

1,243,086,216,821 281,310,477,878 961,775,738,943

2,286,552,748,511 1,243,086,216,821 1,043,466,531,690

1,918,499,451,682 2,286,552,748,511 -368,053,296,829

5,271,447,449,000 2,652,162,273,000 2,619,285,176,000

-58,004,232,000 5,271,447,449,000 -5,329,451,681,000

-3,475,230,020,000 -58,004,232,000 -3,417,225,788,000

-6,219,467,484,000 -3,475,230,020,000 -2,744,237,464,000

40,007,601,000,000 32,718,207,000,000 7,289,394,000,000

51,008,049,000,000 40,007,601,000,000 11,000,448,000,000

66,461,710,000,000 51,008,049,000,000 15,453,661,000,000

85,012,336,000,000 66,461,710,000,000 18,550,626,000,000

62,943,647,000,000 47,829,514,000,000 15,114,133,000,000

74,050,445,000,000 62,943,647,000,000 11,106,798,000,000

83,473,093,000,000 74,050,445,000,000 9,422,648,000,000

110,628,770,000,000 83,473,093,000,000 27,155,677,000,000

11,053,662,000,000 7,861,721,000,000 3,191,941,000,000

14,903,067,000,000 11,053,662,000,000 3,849,405,000,000

17,160,198,000,000 14,903,067,000,000 2,257,131,000,000

17,584,477,000,000 17,160,198,000,000 424,279,000,000

109,515,960,000,000 45,647,953,000,000 63,868,007,000,000

124,303,144,000,000 109,515,960,000,000 14,787,184,000,000

146,718,261,000,000 124,303,144,000,000 22,415,117,000,000

173,282,404,000,000 146,718,261,000,000 26,564,143,000,000

-13,375,682,864,000 -8,488,585,958,000 -4,887,096,906,000

-2,539,554,107,000 -13,375,682,864,000 10,836,128,757,000

-1,766,567,156,000 -2,539,554,107,000 772,986,951,000

-1,373,272,357,000 -1,766,567,156,000 393,294,799,000

376,615,643,031 256,529,355,646 120,086,287,385

519,473,846,055 376,615,643,031 142,858,203,024

565,847,087,850 519,473,846,055 46,373,241,795

627,679,763,909 565,847,087,850 61,832,676,059

5,806,371,000,000 4,577,220,000,000 1,229,151,000,000

5,094,186,000,000 5,806,371,000,000 -712,185,000,000

1,415,434,000,000 5,094,186,000,000 -3,678,752,000,000

-144,889,000,000 1,415,434,000,000 -1,560,323,000,000

1,464,927,852,954 1,423,698,304,689 41,229,548,265


107

2,083,827,682,104 1,464,927,852,954 618,899,829,150

2,983,690,428,670 2,083,827,682,104 899,862,746,566

3,213,107,874,124 2,983,690,428,670 229,417,445,454

-6,883,684,461,000 -2,836,474,189,000 -4,047,210,272,000

-13,388,022,965,000 -6,883,684,461,000 -6,504,338,504,000

-14,188,038,324,000 -13,388,022,965,000 -800,015,359,000

-13,845,791,097,000 -14,188,038,324,000 342,247,227,000

1,693,883,000,000 1,477,490,000,000 216,393,000,000

1,247,060,000,000 1,693,883,000,000 -446,823,000,000

1,032,471,000,000 1,247,060,000,000 -214,589,000,000

1,022,380,000,000 1,032,471,000,000 -10,091,000,000

-75,828,000,000,000 -77,574,679,000,000 1,746,679,000,000

-73,181,000,000,000 -75,828,000,000,000 2,647,000,000,000

-82,123,000,000,000 -73,181,000,000,000 -8,942,000,000,000

-92,833,000,000,000 -82,123,000,000,000 -10,710,000,000,000

-41,505,631,000 1,075,099,635,000 -1,116,605,266,000

-509,829,746,000 -41,505,631,000 -468,324,115,000

-944,472,923,000 -509,829,746,000 -434,643,177,000

-1,637,639,006,000 -944,472,923,000 -693,166,083,000


108

Lampiran 7

REKAPKULASI DATA

Nama Tahun Variabel Independen Variabel Dependen

TAG MBAR MDER DPR FCF

ADHI

2011 0.24052972 1.008898777 5.172407513 0.304491222 0.042232759

2012 0.287769246 1.252716669 5.666057399 0.277585581 -0.122438065

2013 0.234866722 1.120515895 5.277814237 0.10423647 -0.080668531

2014 0.075910176 1.431886543 4.971237701 0.375816893 0.071465136

ANTM

2011 0.244076619 1.307886907 0.411174677 0.348716689 -0.056161825

2012 0.296509188 0.968384896 0.535852208 0.330021636 0.547492843

2013 0.109423445 0.890393161 0.709081854 1.094631528 0.194188559

2014 0.008190435 0.919656805 0.847863616 -0.119383389 0.090049879

BBNI

2011 0.203063499 1.108049958 6.902596817 0.23968524 -0.005958536

2012 0.114510652 1.074360867 6.65769736 0.198351382 -0.012699349

2013 0.16006825 1.065283206 7.108775037 0.233232526 -0.019188877

2014 0.077378819 1.123862662 5.590648008 0.252001419 -0.019969354

BBRI

2011 0.162295372 1.244800003 8.43187838 0.177468792 -6.46498E-05

2012 0.173308428 1.190182103 7.497559692 0.188384144 0.016132355

2013 0.13575393 1.156081369 6.893650269 0.260317621 0.021641367

2014 0.280704069 1.232911256 7.205198655 0.261956723 -0.00463416

BBTN

2011 0.303220832 1.036579831 11.17233058 0.282327125 -0.030317521

2012 0.253890974 1.041024344 9.871679682 0.171511631 -0.027888267

2013 0.173793123 0.981265011 10.35005049 0.261697007 -0.006219049

2014 0.102205219 1.002767114 10.84426939 0.418370054 0.00527037


109

BMRI

2011 0.227040754 1.16900162 7.20427763 0.257687265 -0.113772827

2012 0.151709119 1.173967716 6.777555877 0.189684685 0.002276595

2013 0.153364042 1.126237122 6.720705963 0.255509126 -0.005640462

2014 0.166334675 1.168480999 6.648123762 0.274814195 -0.008060786

JSMR

2011 0.264273844 1.901437066 1.31942464 0.559358562 0.327452434

2012 0.154973731 2.101749561 1.529024698 0.350690943 -0.444653147

2013 0.145950527 1.749586163 1.6103246 0.479547126 0.01877846

2014 0.12308962 2.146181932 1.788442904 0.383425368 0.028979303

KAEF

2011 0.082635168 1.354385956 0.43252238 0.269388598 0.031181526

2012 0.157228006 2.285153957 0.440373954 0.167485343 0.035059808

2013 0.190522999 1.668505551 0.521797897 0.143414854 0.08152252

2014 0.2007513 3.131089149 0.638845232 0.229563396 0.0706726

PTBA

2011 0.319213698 3.764525774 0.409320414 0.415447452 0.213112478

2012 0.105881082 3.065147394 0.496617057 0.555719444 0.314727841

2013 -0.08263238 2.365964216 0.546321698 0.84508926 0.434679964

2014 0.268461624 2.35908553 0.708256591 0.473384846 0.306541876

PTPP

2011 0.273559785 1.133145071 3.864009933 0.001619302 0.036552337

2012 0.233292146 1.276390431 4.164027855 0.001308789 -0.044598475

2013 0.451980638 1.292572145 5.255541631 0.001128374 -0.056034516

2014 0.176889008 2.021186581 5.113059938 0.001212458 0.024376279

SMGR

2011 0.263355658 3.710908549 0.345294034 0.378249733 0.514199276

2012 0.351826914 3.853737848 0.463214779 0.407763456 0.581385886

2013 0.158538208 3.017577566 0.412260051 0.411951288 0.231547255

2014 0.114369993 3.071655659 0.372452034 0.436133167 0.169887628

TINS 2011 0.117103614 1.579522108 0.428903855 0.529022069 0.115694696


110

2012 -0.071356738 1.52329899 0.338468474 1.035870738 0.133704232

2013 0.292129971 1.400939252 0.611430242 0.39334182 0.124404053

2014 0.237106849 1.364265894 0.738954382 0.442385625 0.087204537

TLKM

2011 0.025402732 1.787422079 0.68993621 0.16134083 -0.002001625

2012 0.080685854 2.036823474 0.662769865 0.159129842 0.152492868

2013 0.148892421 2.088666695 0.652601261 0.877796544 0.262478787

2014 0.101163727 2.438425705 0.635936139 1.021528139 0.251314957

WIKA

2011 0.323985982 1.175077128 2.750144203 0.327028117 0.239815247

2012 0.315059027 1.568053071 2.889547854 0.27771514 0.116959205

2013 0.150728343 1.51403015 2.90304407 0.264437513 0.096756016

2014 0.263613245 2.109029875 2.196612683 0.277527253 0.114645985


111

Lampiran 8

HASIL OUTPUT SPSS

Analisis Statistik Deskriptif

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

Total Asset Growth 56 -.08263 .45198 .1834749 .10102862

Market to Book Asset Ratio 56 .89039 3.85374 1.6901917 .77561349

Market Debt to Equity Ratio 56 .33847 11.17233 3.4892494 3.29453341

Dividend Payout Ratio 56 -.11938 1.09463 .3378236 .24728345

Free Cash Flow 56 -.44465 .58139 .0901055 .17485723

Valid N (listwise) 56

Uji Asumsi Klasik

Uji Normalitas

One-Sample Kolmogorov-Smirnov Test

Unstandardized

Residual

N 56

Normal Parametersa,b Mean .0000000

Std. Deviation .13229936

Most Extreme Differences

Absolute .153

Positive .153

Negative -.117

Kolmogorov-Smirnov Z 1.149

Asymp. Sig. (2-tailed) .143

a. Test distribution is Normal.

b. Calculated from data.


112

Uji Multikolonieritas

Coefficientsa

Model Unstandardized

Coefficients

Standardized

Coefficients

t Sig. Collinearity

Statistics

B Std. Error Beta Tolerance VIF

1

(Constant) -.116 .084 -1.391 .170

Total Asset Growth .298 .198 .172 1.504 .139 .857 1.166

Market to Book

Asset Ratio

.069 .030 .305 2.291 .026 .632 1.581

Market Debt to

Equity Ratio

-.012 .007 -.229 -1.657 .104 .589 1.698

Dividend Payout

Ratio

.230 .086 .325 2.686 .010 .764 1.308

a. Dependent Variable: Free Cash Flow

Uji Autokorelasi

Model Summaryb

Model R R Square Adjusted R

Square

Std. Error of the

Estimate

Durbin-Watson

1 .654a .428 .383 .13738965 1.965

a. Predictors: (Constant), Dividend Payout Ratio, Market to Book Asset Ratio, Total Asset

Growth, Market Debt to Equity Ratio

b. Dependent Variable: Free Cash Flow


113

Uji Heteroskedastisitas

Coefficientsa

Model Unstandardized Coefficients Standardized

Coefficients

t Sig.

B Std. Error Beta

1

(Constant) .085 .061 1.388 .171

Total Asset Growth .127 .145 .124 .876 .385

Market to Book Asset Ratio .008 .022 .057 .343 .733

Market Debt to Equity Ratio -.010 .005 -.317 -1.853 .070

Dividend Payout Ratio -.016 .063 -.037 -.246 .806

a. Dependent Variable: abs_ut

ANALISIS REGRESI BERGANDA

Uji Koefisien Determinasi

Model Summary

Model R R Square Adjusted R

Square

Std. Error of the

Estimate

1 .654a .428 .383 .13738965

a. Predictors: (Constant), Dividend Payout Ratio, Market to Book Asset

Ratio, Total Asset Growth, Market Debt to Equity Ratio

Uji Simultan (Uji F)

ANOVAa

Model Sum of Squares df Mean Square F Sig.

1

Regression .719 4 .180 9.522 .000b

Residual .963 51 .019

Total 1.682 55


b. Predictors: (Constant), Dividend Payout Ratio, Market to Book Asset Ratio, Total Asset

Growth, Market Debt to Equity Ratio


114

Uji Parsial (Uji T)

Coefficientsa

Model Unstandardized Coefficients Standardized

Coefficients

t Sig.

B Std. Error Beta

1

(Constant) -.116 .084 -1.391 .170

Total Asset Growth .298 .198 .172 1.504 .139

Market to Book Asset Ratio .069 .030 .305 2.291 .026

Market Debt to Equity Ratio -.012 .007 -.229 -1.657 .104

Dividend Payout Ratio .230 .086 .325 2.686 .010



115

Lampiran 9

Hasil Perhitungan dengan menggunakan SPSS 21


116


117


117

117

Lampiran 10

Tabel Durbin- Watson (DW)


118

118


119

119


120

120


121

121

Dividen Per Lembar Saham = Dividen yang dibayarkan/Modal Saham

Dividen yang dibayarkan/Modal Saham

No

Nama

Tahun

Dividen yang dibayarkan

Modal Saham Dividen per lembar

saham

1 ADHI

2011 56,845,102,342 1,801,320,000 31.55747027

2012 58,732,403,011 1,801,320,000 32.6052023

2013 42,318,078,814 1,801,320,000 23.49281572

2014 121,793,040,314 1,801,320,000 67.61321715

2 ANTM

2011 673,359,997,000 9,538,459,750 70.59420647

2012 867,550,297,000 8,370,273,000 103.6465952

2013 448,967,247,000 9,538,459,750 47.06915569

2014 92,237,426,000 9,538,459,750 9.670054539

3 BBNI

2011 1,394,580,000,000 18,648,656,458 74.78179477

2012 1,398,217,000,000 18,648,656,459 74.97682222

2013 2,113,844,000,000 18,648,656,458 113.3510076

2014 2,716,304,000,000 18,648,656,458 145.6568202

4 BBRI

2011 2,753,372,000,000 24,669,162,000 111.6118983

2012 3,619,905,000,000 24,669,162,000 146.7380611

2013 5,556,285,000,000 24,669,162,000 225.2320123

2014 6,350,262,000,000 24,669,162,000 257.4170132

5 BBTN

2011 306,840,000,000 8,835,970,500 34.72623635

2012 262,885,000,000 10,356,440,500 25.38372137

2013 409,189,000,000 10,564,853,500 38.73115704

2014 468,648,000,000 10,567,696,000 44.34722573

6 BMRI

2011 3,182,704,000,000 23,333,333,333 136.4016

2012 2,940,884,000,000 23,333,333,333 126.0378857

2013 4,651,220,000,000 23,333,333,333 199.338

2014 5,461,126,000,000 23,333,333,333 234.0482571

7 JSMR

2011 751,903,203,000 6,800,000,000 110.5740004

2012 562,574,203,000 6,800,000,000 82.73150044

2013 640,836,088,000 6,800,000,000 94.24060118

2014 537,102,256,000 6,800,000,000 78.98562588

8 KAEF

2011 46,276,979,624 5,554,000,000 8.332189345

2012 34,352,788,065 5,554,000,000 6.185233717

2013 30,769,803,148 5,554,000,000 5.540115799

2014 53,855,793,068 5,554,000,000 9.696757844

9 PTBA 2011 1,281,752,000,000 2,304,131,850 556.284138

2012 1,615,929,000,000 2,304,131,850 701.3179389


122

122

2013 1,600,596,000,000 2,304,131,850 694.6633718

2014 1,011,117,000,000 2,304,131,850 438.827752

10 PTPP

2011 76,626,205,340 946,410,102,841 0.080965118

2012 79,273,647,547 946,410,102,841 0.08376247

2013 92,926,356,435 946,600,496,439 0.098168506

2014 126,203,302,161 946,261,740,364 0.133370395

11 SMG

R

2011 1,485,260,456,000 5,931,520,000 250.4013231

2012 1,976,042,846,000 5,931,520,000 333.1427435

2013 2,211,365,058,000 5,931,520,000 372.8159153

2014 2,426,542,780,000 5,931,520,000 409.0929104

12 TINS

2011 473,939,000,000 5,033,020,000 94.16592821

2012 448,366,000,000 5,033,020,000 89.08488343

2013 215,787,000,000 5,033,020,000 42.8742584

2014 283,351,000,000 7,447,753,454 38.04516379

13 TLKM

2011 9,102,000,000,000 100,799,996,400 90.29762227

2012 10,734,000,000,000 100,799,996,400 106.488099

2013 13,044,000,000,000 100,799,996,400 129.4047665

2014 15,428,000,000,000 100,799,996,400 153.055561

14 WIKA

2011 119,428,097,000 6,027,267,500 19.81463358

2012 128,884,471,000 6,105,627,500 21.10912777

2013 150,884,667,000 6,139,968,000 24.57417807

2014 170,982,002,000 6,149,225,000 27.80545548


Sumber Internetrepository.ump.ac.id/437/8/SURYANI - LAMPIRAN.pdf · 2017. 1. 18. · 9 PTBA Tambang...

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