Lampiran 1 Daftar Populasi Sampel Penelitian

Lampiran 1 Daftar Populasi Sampel Penelitian No. Kode Nama Perusahaan Kriteria Sampel 1 2 3 Ke 1. ASII PT. Astra Internasional, Tbk. 1 2. AUTO PT. Astra Otoparts, Tbk. 2 3. BRAM PT. Indokordsa, Tbk. 3 4. GDYR PT. Goodyear Indonesia, Tbk. 4 5. IMAS PT. Indomobil Sukses Internasional, Tbk. 5 6. INDS PT. Indospring, Tbk. 6 7. MASA PT. Multistrada Arah Sarana, Tbk. 7 8. NIPS PT. Nipress, Tbk. 8 9. SMSM PT. Selamat Sempurna, Tbk. 9 10. GJTL PT. Gajah Tunggal, Tbk. 10 11. LPIN PT. Multi Prima Sejahtera, Tbk 11 12. PRAS PT. Prima Alloy Steel Universal, Tbk 12 13. BOLT PT. Garuda Metalindo, Tbk - - - 93

Lampiran 2 Analisis Statistik Deskriptif ROE ROA DER PBV PER EPS HARGA_SAHAM Mean 9.995867 7.873964 1.057844 1.170837 20.01207 287.5015 2500.150 Median 8.894044 7.313857 0.948606 0.923580 12.71688 205.0000 2020.000 Maximum 36.75038 30.93355 2.712202 3.949893 173.3871 1501.440 7600.000 Minimum -7.775063-5.335255 0.252377 0.011283-5.894128-413.6100 111.0000 Std. Dev. 9.012680 7.216867 0.662621 0.938270 31.15112 331.4616 2195.434 Skewness 0.595172 1.150224 0.800323 0.965680 3.331693 1.372533 0.818076 Kurtosis 3.124556 4.432050 2.681045 3.215340 14.87307 5.488755 2.583062 Jarque-Bera 3.581077 18.35707 6.659508 9.441301 463.4263 34.32322 7.127079 Probability 0.166870 0.000103 0.035802 0.008909 0.000000 0.000000 0.028338 Sum 599.7520 472.4378 63.47065 70.25025 1200.724 17250.09 150009.0 Sum Sq. Dev. 4792.476 3072.907 25.90491 51.94074 57253.14 6482141. 2.84E+08 Observations 60 60 60 60 60 60 60 94

Lampiran 3 Uji Asumsi Klasik a. Uji Normalitas 10 8 6 4 2 Series: Residuals Sample 1 60 Observations 60 Mean -4.93e-13 Median -222.3607 Maximum 2317.298 Minimum -2400.968 Std. Dev. 1184.152 Skewness 0.362567 Kurtosis 2.359374 Jarque-Bera 2.340557 Probability 0.310281 0-2500 -2000-1500 -1000-500 0 500 1000 1500 2000 2500 3,000 2,000 Quantiles of Normal 1,000 0-1,000-2,000-3,000-3,000-2,000-1,000 0 1,000 2,000 3,000 Quantiles of RESID 95

b. Uji Heteroskedastisitas Heteroskedasticity Test: Glejser F-statistic 1.038291 Prob. F(6,53) 0.4113 Obs*R-squared 6.310762 Prob. Chi-Square(6) 0.3893 Scaled explained SS 5.258463 Prob. Chi-Square(6) 0.5111 Test Equation: Dependent Variable: ARESID Method: Least Squares Date: 12/18/16 Time: 15:15 Sample: 1 60 Included observations: 60 Variable Coefficient Std. Error t-statistic Prob. C 1005.567 254.4981 3.951176 0.0002 ROE -32.91629 21.39028-1.538843 0.1298 ROA 6.546923 23.97097 0.273119 0.7858 DER -85.35418 159.7695-0.534233 0.5954 PBV 252.9881 128.7822 1.964465 0.0547 PER 0.650951 3.324365 0.195812 0.8455 EPS 0.017098 0.332249 0.051461 0.9592 R-squared 0.105179 Mean dependent var 951.9491 Adjusted R-squared 0.003879 S.D. dependent var 693.2891 S.E. of regression 691.9432 Akaike info criterion 16.02617 Sum squared resid 25375626 Schwarz criterion 16.27051 Log likelihood -473.7850 Hannan-Quinn criter. 16.12174 F-statistic 1.038291 Durbin-Watson stat 1.693215 Prob(F-statistic) 0.411256 c. Uji Multikolinearitas Variance Inflation Factors Date: 12/18/16 Time: 15:15 Sample: 1 60 Included observations: 60 Coefficient Uncentered Centered Variable Variance VIF VIF C 211163.7 8.116699 NA ROE 1491.706 10.30893 4.579860 ROA 1873.361 8.152361 3.687905 DER 83222.02 4.960772 1.381113 PBV 54070.66 4.648344 1.799196 PER 36.03029 1.876167 1.321527 EPS 0.359897 2.637987 1.494533 96

d. Uji Autokorelasi Dependent Variable: HARGA_SAHAM Method: Least Squares Date: 11/29/16 Time: 01:36 Sample: 1 60 Included observations: 60 Variable Coefficient Std. Error t-statistic Prob. C 943.2010 459.5256 2.052554 0.0451 ROE 55.81126 38.62262 1.445041 0.1543 ROA -147.9176 43.28235-3.417505 0.0012 DER -1125.658 288.4823-3.902001 0.0003 PBV 1851.731 232.5310 7.963372 0.0000 PER 28.19940 6.002523 4.697924 0.0000 EPS 2.163926 0.599914 3.607060 0.0007 R-squared 0.709080 Mean dependent var 2500.150 Adjusted R-squared 0.676145 S.D. dependent var 2195.434 S.E. of regression 1249.383 Akaike info criterion 17.20797 Sum squared resid 82730762 Schwarz criterion 17.45231 Log likelihood -509.2390 Hannan-Quinn criter. 17.30354 F-statistic 21.53008 Durbin-Watson stat 1.124775 Prob(F-statistic) 0.000000 97

Lampiran 4 Analisis Regresi Linier Berganda a. Metode Common Effect Model (CEM) Dependent Variable: HARGA_SAHAM? Method: Pooled Least Squares Date: 12/18/16 Time: 15:07 Sample: 2011 2015 Included observations: 5 Cross-sections included: 12 Total pool (balanced) observations: 60 Variable Coefficient Std. Error t-statistic Prob. C 943.2010 459.5256 2.052554 0.0451 ROE? 55.81126 38.62262 1.445041 0.1543 ROA? -147.9176 43.28235-3.417505 0.0012 DER? -1125.658 288.4823-3.902001 0.0003 PBV? 1851.731 232.5310 7.963372 0.0000 PER? 28.19940 6.002523 4.697924 0.0000 EPS? 2.163926 0.599914 3.607060 0.0007 R-squared 0.709080 Mean dependent var 2500.150 Adjusted R-squared 0.676145 S.D. dependent var 2195.434 S.E. of regression 1249.383 Akaike info criterion 17.20797 Sum squared resid 82730762 Schwarz criterion 17.45231 Log likelihood -509.2390 Hannan-Quinn criter. 17.30354 F-statistic 21.53008 Durbin-Watson stat 0.956105 Prob(F-statistic) 0.000000 b. Fixed Effect Model (FEM) Dependent Variable: HARGA_SAHAM? Method: Pooled Least Squares Date: 12/18/16 Time: 15:08 Sample: 2011 2015 Included observations: 5 Cross-sections included: 12 Total pool (balanced) observations: 60 Variable Coefficient Std. Error t-statistic Prob. C 1255.592 501.0668 2.505838 0.0162 ROE? 1.617690 28.12737 0.057513 0.9544 ROA? 35.00052 48.24749 0.725437 0.4722 DER? -265.7881 380.5457-0.698440 0.4888 PBV? 941.6519 233.8303 4.027074 0.0002 PER? 4.693925 5.090451 0.922104 0.3617 EPS? 0.130437 0.495531 0.263226 0.7937 Fixed Effects (Cross) 98

_ASII--C 2727.289 _AUTO--C -208.2254 _BRAM--C 1154.370 _GDYR--C 282.3621 _IMAS--C 1606.102 _INDS--C -361.5000 _MASA--C -1737.205 _NIPS--C -1521.677 _SMSM--C -2517.500 _GJTL--C -436.4524 _LPIN--C 2175.931 _PRAS--C -1163.495 Cross-section fixed (dummy variables) Effects Specification R-squared 0.917750 Mean dependent var 2500.150 Adjusted R-squared 0.884459 S.D. dependent var 2195.434 S.E. of regression 746.2572 Akaike info criterion 16.31134 Sum squared resid 23389789 Schwarz criterion 16.93965 Log likelihood -471.3403 Hannan-Quinn criter. 16.55711 F-statistic 27.56714 Durbin-Watson stat 1.090047 Prob(F-statistic) 0.000000 c. Random Effect Model (REM) Dependent Variable: HARGA_SAHAM? Method: Pooled EGLS (Cross-section random effects) Date: 12/18/16 Time: 15:09 Sample: 2011 2015 Included observations: 5 Cross-sections included: 12 Total pool (balanced) observations: 60 Swamy and Arora estimator of component variances Variable Coefficient Std. Error t-statistic Prob. C 1362.859 475.9575 2.863405 0.0060 ROE? 23.75010 26.56428 0.894061 0.3753 ROA? -54.87683 39.22035-1.399193 0.1676 DER? -692.5391 301.0646-2.300300 0.0254 PBV? 1340.946 202.2046 6.631631 0.0000 PER? 13.46221 4.565123 2.948927 0.0047 EPS? 0.783119 0.459383 1.704718 0.0941 Random Effects (Cross) _ASII--C 1831.221 _AUTO--C -473.0355 _BRAM--C 922.0071 _GDYR--C 345.8935 _IMAS--C 988.8257 _INDS--C -285.0424 _MASA--C -1366.358 _NIPS--C -923.1953 99

_SMSM--C -1232.642 _GJTL--C -165.0434 _LPIN--C 1297.573 _PRAS--C -940.2037 Effects Specification S.D. Rho Cross-section random 786.8008 0.5264 Idiosyncratic random 746.2572 0.4736 Weighted Statistics R-squared 0.493310 Mean dependent var 976.2896 Adjusted R-squared 0.435949 S.D. dependent var 1161.314 S.E. of regression 872.1852 Sum squared resid 40317468 F-statistic 8.600080 Durbin-Watson stat 0.874102 Prob(F-statistic) 0.000002 Unweighted Statistics R-squared 0.600159 Mean dependent var 2500.150 Sum squared resid 1.14E+08 Durbin-Watson stat 0.309938 100

Lampiran 5 Tabulasi Data Variabel Penelitian No. Emiten Tahun Laba Sesudah Laba Sebelum Ekuitas Total Aset Kewajiban PUC BVS ROE ROA DER PBV PER EPS HARGA SAHAM 1 ASII 2 AUTO 3 BRAM 4 GDYR 5 IMAS 2011 21.077.000 25.774.000 75.838.000 154.319.000 78.481.000 40480 1873 27,79 16,70 1,03 3,95 16,86 439,00 7.400,00 2012 22.742.000 27.898.000 89.814.000 182.274.000 92.460.000 40480 2219 25,32 15,31 1,03 3,43 15,83 480,00 7.600,00 2013 22.297.000 27.523.000 106.188.000 213.994.000 107.806.000 40480 2623 21,00 12,86 1,02 2,59 14,17 480,00 6.800,00 2014 22.131.000 27.352.000 120.324.000 236.027.000 115.705.000 40480 2972 18,39 11,59 0,96 2,50 15,66 474,00 7.425,00 2015 15.613.000 19.630.000 126.533.000 245.435.000 118.902.000 40480 3126 12,34 8,00 0,94 1,92 16,81 357,00 6.000,00 2011 1.101.583 1.255.083 4.722.894 6.964.227 2.241.333 3856 1225 23,32 18,02 0,47 2,78 13,03 261,00 3.400,00 2012 1.135.914 1.263.368 5.485.099 8.881.642 3.396.543 3856 1422 20,71 14,22 0,62 2,60 14,02 264,00 3.700,00 2013 1.058.015 1.268.604 9.558.754 12.617.678 3.058.924 4820 1983 11,07 10,05 0,32 1,84 16,44 222,00 3.650,00 2014 954.086 1.091.040 10.142.706 14.387.568 4.244.862 4820 2104 9,41 7,58 0,42 2,00 23,33 180,00 4.200,00 2015 322.701 433.956 10.143.426 14.339.110 4.195.684 4820 2104 3,18 3,03 0,41 0,76 24,24 66,00 1.600,00 2011 71.040 123.007 1.201.725 1.660.119 458.394 450 2671 5,91 7,41 0,38 0,81 14,40 150,00 2.160,00 2012 235.834 237.555 1.591.744 2.160.857 532.422 450 3537 14,82 10,99 0,33 0,85 8,57 350,02 3.000,00 2013 57.972 78.770 1.703.529 2.500.237 796.708 450 3786 3,40 3,15 0,47 0,59 20,10 111,92 2.250,00 2014 195.119 267.470 2.110.609 3.662.204 1.551.595 450 4690 9,24 7,30 0,74 1,07 13,20 378,91 5.000,00 2015 173.352 252.087 2.522.108 4.023.524 1.501.416 450 5605 6,87 6,27 0,60 0,84 14,69 318,48 4.680,00 2011 18.932 27.479 414.155 1.148.313 734.159 41 10101 4,57 2,39 1,77 0,09 2,18 438,95 955,00 2012 59.258 85.399 494.821 1.162.821 668.000 41 12069 11,98 7,34 1,35 0,10 0,82 1.501,44 1.230,00 2013 48.476 73.893 588.123 1.161.564 573.441 41 14344 8,24 6,36 0,98 0,13 1,65 1.150,60 1.900,00 2014 32.567 55.859 687.707 1.490.668 802.961 41 16773 4,74 3,75 1,17 0,10 1,92 831,46 1.600,00 2015 (1.530) 135.932 764.931 1.645.008 880.076 41 18657-0,20 8,26 1,15 0,15 65,88 41,36 2.725,00 2011 970.891 1.188.362 5.084.181 12.913.942 7.829.760 2420 2101 19,10 9,20 1,54 3,05 9,21 695,00 6.400,00 2012 899.091 1.073.071 5.708.445 17.577.664 11.869.219 2420 2359 15,75 6,10 2,08 2,25 18,28 289,93 5.300,00 2013 621.140 818.672 6.659.870 22.315.023 15.655.152 2765 2409 9,33 3,67 2,35 2,03 25,45 192,55 4.900,00 2014 (64.879) 21.841 6.719.824 23.473.797 16.753.973 2765 2430-0,97 0,09 2,49 1,65 87,49 45,72 4.000,00 2015 (22.489) 183.307 6.697.092 24.860.958 18.163.866 2765 2422-0,34 0,74 2,71 0,97 142,44 16,54 2.356,00 101

Lanjutan Lampiran 5 No. Emiten Tahun Laba Sesudah Laba Sebelum Ekuitas Total Aset Kewajiban PUC BVS ROE ROA DER PBV PER EPS HARGA SAHAM 6 INDS 7 MASA 8 NIPS 9 SMSM 10 GJTL 2011 120.415 160.680 632.249 1.139.715 507.466 315 2007 19,05 14,10 0,80 1,16 3,03 772,00 2.336,00 2012 134.068 180.798 1.136.573 1.664.779 528.206 315 3608 11,80 10,86 0,46 0,69 5,85 422,80 2.473,00 2013 147.608 184.580 1.752.866 2.196.518 443.653 525 3339 8,42 8,40 0,25 0,64 6,12 349,53 2.140,00 2014 127.820 168.587 1.822.667 2.282.666 459.999 656 2778 7,01 7,39 0,25 0,58 8,28 193,27 1.600,00 2015 1.934 4.134 1.919.039 2.553.928 634.889 656 2925 0,10 0,16 0,33 0,12 30,59 11,44 350,00 2011 142.739 140.869 1.767.027 4.736.349 2.969.322 9183 192 8,08 2,97 1,68 1,30 10,68 23,40 250,00 2012 3.001 14.550 3.490.688 5.860.176 2.369.487 9183 380 0,09 0,25 0,68 1,18 15,98 28,15 450,00 2013 (37.672) 521.251 3.925.421 6.580.029 2.654.607 9183 427-0,96 7,92 0,68 0,91 0,93 418,40 390,00 2014 6.534 28.070 4.407.737 7.372.913 2.965.177 9183 480 0,15 0,38 0,67 0,88 5,05 83,15 420,00 2015 (370.306) 520.040 4.762.740 8.250.544 3.487.804 9183 519-7,78 6,30 0,73 0,68-0,85 (413,61) 351,00 2011 17.831 24.780 165.998 446.688 280.691 20 8300 10,74 5,55 1,69 0,01 0,12 892,00 111,00 2012 21.610 49.363 202.074 524.694 322.620 20 10104 10,69 9,41 1,60 0,01 0,11 1.081,00 114,00 2013 33.872 45.584 235.946 798.408 562.462 760 310 14,36 5,71 2,38 1,04 6,89 47,00 324,00 2014 49.742 103.700 582.222 1.206.854 624.632 1487 392 8,54 8,59 1,07 1,24 14,76 33,00 487,00 2015 30.671 118.138 609.003 1.547.720 938.717 1487 410 5,04 7,63 1,54 1,04 20,24 21,00 425,00 2011 111.954 309.644 782.892 1.327.800 544.907 1440 544 14,30 23,32 0,70 2,50 9,25 147,00 1.360,00 2012 155.862 344.721 820.329 1.441.204 620.876 1440 570 19,00 23,92 0,76 2,68 9,41 162,00 1.525,00 2013 251.036 416.143 1.016.753 1.712.710 695.957 1440 706 24,69 24,30 0,68 0,64 2,10 214,00 450,00 2014 421.467 541.150 1.146.837 1.749.395 602.558 1440 796 36,75 30,93 0,53 0,94 2,77 271,00 750,00 2015 403.702 583.717 1.440.248 2.220.108 779.860 1440 1000 28,03 26,29 0,54 1,76 5,93 297,00 1.760,00 2011 684.562 1.437.089 4.486.238 11.609.514 7.123.318 3485 1287 15,26 12,38 1,59 2,33 15,31 196,00 3.000,00 2012 1.132.247 942.608 5.478.384 12.869.793 7.391.409 3485 1572 20,67 7,32 1,35 1,42 6,85 325,00 2.225,00 2013 120.330 1.241.026 5.724.343 15.350.754 9.626.411 3485 1643 2,10 8,08 1,68 1,02 48,00 35,00 1.680,00 2014 283.016 394.059 5.983.292 16.042.897 10.059.605 3485 1717 4,73 2,46 1,68 0,83 18,51 77,00 1.425,00 2015 (313.326) (682.059) 5.394.142 17.509.505 12.115.368 3485 1548-5,81-3,90 2,25 0,34-5,89 (89,92) 530,00 102

Lanjutan Lampiran 5 No. Emiten Tahun Laba Sesudah Laba Sebelum Ekuitas Total Aset Kewajiban PUC BVS ROE ROA DER PBV PER EPS HARGA SAHAM 11 LPIN 12 PRAS 2011 11.319 9.627 118.256 157.371 39.116 21 5631 9,57 6,12 0,33 0,39 4,13 533,00 2.200,00 2012 16.600 4.092 134.856 172.269 37.413 21 6422 12,31 2,38 0,28 0,49 4,03 781,00 3.150,00 2013 8.555 5.041 143.411 196.391 52.980 21 6829 5,97 2,57 0,37 0,73 12,41 403,00 5.000,00 2014 4.131 8.106 139.280 185.596 46.316 21 6632 2,97 4,37 0,33 0,93 65,96 94,00 6.200,00 2015 18.174 18.699 116.491 324.055 207.564 21 5547 15,60 5,77 1,78 0,97 173,39 31,00 5.375,00 2011 1.354 (25.711) 139.797 481.912 342.115 588 238 0,97-5,34 2,45 0,56 57,39 2,30 132,00 2012 15.565 9.977 280.294 577.350 297.056 588 477 5,55 1,73 1,06 0,53 9,62 26,50 255,00 2013 13.197 15.808 406.448 795.630 389.182 701 580 3,25 1,99 0,96 0,32 9,84 18,80 185,00 2014 11.341 15.015 685.822 1.286.828 601.006 701 978 1,65 1,17 0,88 0,21 10,85 18,80 204,00 2015 13.640 8.469 720.564 1.531.742 811.178 701 1028 1,89 0,55 1,13 0,15 16,41 9,20 151,00 103