LAMPIRAN Lampiran 1 Daftar Perusahaan Sampel NO NAMA PERUSAHAAN KRITERIA 1 2 3 SAMPEL 1 Akasha Wira International Tbk. x - 2 Tiga Pilar Sejahtera Food Tbk. x - 3 Cahaya Kalbar Tbk. x - 4 Davomas Abadi Tbk. x - 5 Delta Djakarta Tbk. S1 6 Indofood CBP Sukses Makmur Tbk. x - 7 Indofood Sukses Makmur Tbk. S2 8 Multi Bintang Indonesia Tbk. S3 9 Mayora Indah Tbk. x - 10 Prasidha Aneka Niaga Tbk. x - 11 Nippon Indosari Corpindo Tbk. x - 12 Sekar Laut Tbk. x - 13 Siantar Top Tbk. x - 14 Ultra Jaya Milk Tbk. x - 15 Gudang Garam Tbk. S4 16 HM Sampoerna Tbk. S5 17 Bentoel International Investama Tbk. x - 18 Darya - Varia Laboratoria Tbk. S6 19 Indofarma (Persero)Tbk. x - 20 Kimia Farma Tbk. S7 21 Kalbe Farma Tbk. S8 22 Merck Tbk. x - 23 Pyridiam Farma Tbk. x - 103
24 Schering Plough Indonesia Tbk. x - 25 Taisho Pharmaceutical Indonesia Tbk. x - 26 Tempo Scan Pacifik Tbk. S9 27 Martina Berto Tbk. x - 28 Mustika Ratu Tbk. S10 29 Mandom Indonesia Tbk. x - 30 Unilever Indonesia Tbk. S11 31 Kedawung Setia Industrial Tbk. x - 32 Kedaung Indah Can Tbk. x - 33 Langgeng Makmur Industri Tbk. x - 104
Lampiran 2 Data Price Earning Ratio (PER) Perusahaan Sampel Periode 2008-2011 (Sebelum Transformasi) NO NAMA PERUSAHAAN 2008 2009 2010 2011 1 Delta Djakarta Tbk 3.82 7.85 13.77 5.88 2 Indofood Sukses Makmur Tbk 7.89 15.02 14.5 8.05 3 Multi Bintang Indonesia Tbk 4.69 10.95 13.08 14.91 4 Gudang Garam Tbk 4.35 12 18.56 24.08 5 HM Sampoerna Tbk 9.11 8.96 19.21 10.62 6 Darya Varya Laboratoria Tbk 7.59 11.86 11.82 10.65 7 Kimia Farma Tbk 7.62 11.28 6.37 10.99 8 Kalbe Farma Tbk 5.75 14.21 25.66 22.43 9 Tempo Scan Pacifik Tbk 5.61 9.13 15.74 19.61 10 Mustika Ratu Tbk 2.94 8.04 11.39 8.3 11 Unilever Indonesia Tbk 24.72 27.7 37.17 35.55 105
Lampiran 3 Data Earning Growth (EG) Perusahaan Sampel Periode 2008 2011 (Sebelum Transformasi) NO NAMA PERUSAHAAN 2008 2009 2010 2011 1 Delta Djakarta Tbk 0.77 0.51 0.10 0.09 2 Indofood Sukses Makmur Tbk 0.06 1.01 0.42 0.70 3 Multi Bintang Indonesia Tbk 1.63 0.53 0.30 0.15 4 Gudang Garam Tbk 0.30 0.84 0.20 0.20 5 HM Sampoerna Tbk 0.07 0.31 0.26 0.25 6 Darya Varya Laboratoria Tbk 0.42 0.02 0.53 0.09 7 Kimia Farma Tbk 0.06 0.13 1.22 0.24 8 Kalbe Farma Tbk 0.00 0.31 0.38 0.20 9 Tempo Scan Pacifik Tbk 0.15 0.12 0.36 0.20 10 Mustika Ratu Tbk 1.00-0.06 0.16 0.06 11 Unilever Indonesia Tbk 0.23 0.26 0.11 0.23 106
Lampiran 4 Data Debt to Equity Ratio (DER) Perusahaan Sampel Periode 2008 2011 (Sebelum Transformasi) NO NAMA PERUSAHAAN 2008 2009 2010 2011 1 Delta Djakarta Tbk 0.34 0.27 0.2 0.22 2 Indofood Sukses Makmur Tbk 3.11 2.45 1.34 0.7 3 Multi Bintang Indonesia Tbk 1.73 8.44 1.41 1.3 4 Gudang Garam Tbk 0.55 0.48 0.44 0.59 5 HM Sampoerna Tbk 1 0.69 1.01 0.9 6 Darya Varya Laboratoria Tbk 0.26 0.41 0.33 0.28 7 Kimia Farma Tbk 0.53 0.57 0.49 0.43 8 Kalbe Farma Tbk 0.38 0.39 0.23 0.27 9 Tempo Scan Pacifik Tbk 0.29 0.34 0.36 0.4 10 Mustika Ratu Tbk 0.17 0.16 0.14 0.18 11 Unilever Indonesia Tbk 1.1 1.02 1.15 1.85 107
Lampiran 5 Data Dividend Payout Ratio (DPR) Perusahaan Sampel Periode 2008 2011 (Sebelum Transformasi) NO NAMA PERUSAHAAN 2008 2009 2010 2011 1 Delta Djakarta Tbk 0.67 1.20 1.20 1.16 2 Indofood Sukses Makmur Tbk 0.40 0.39 0.40 0.31 3 Multi Bintang Indonesia Tbk 1.42 1.00 0.00 0.00 4 Gudang Garam Tbk 0.36 0.36 0.41 0.39 5 HM Sampoerna Tbk 0.01 0.07 0.06 0.03 6 Darya Varya Laboratoria Tbk 0.36 0.35 0.30 0.29 7 Kimia Farma Tbk 0.25 299.97 0.20 0.20 8 Kalbe Farma Tbk 0.18 0.27 0.55 0.63 9 Tempo Scan Pacifik Tbk 1.05 0.44 0.92 0.58 10 Mustika Ratu Tbk 0.25 0.20 0.20 0.54 11 Unilever Indonesia Tbk 1.00 1.00 1.00 1.09 108
Lampiran 6 Data Price Earning Ratio (PER) Perusahaan Sampel Periode 2008-2011 (Setelah Transformasi) NO NAMA PERUSAHAAN 2008 2009 2010 2011 1 Delta Djakarta Tbk 1.34025042 2.06051 2.62249 1.77156 2 Indofood Sukses Makmur Tbk 2.06559613 2.70938 2.67415 2.08567 3 Multi Bintang Indonesia Tbk 1.54543258 2.39334 2.57108 2.70203 4 Gudang Garam Tbk 1.47017585 2.48491 2.92101 3.18138 5 HM Sampoerna Tbk 2.20937271 2.19277 2.95543 2.36274 6 Darya Varya Laboratoria Tbk 2.02683159 2.47317 2.46979 2.36556 7 Kimia Farma Tbk 2.03077637 2.42303 1.8516 2.39699 8 Kalbe Farma Tbk 1.74919985 2.65395 3.24493 3.1104 9 Tempo Scan Pacifik Tbk 1.72455072 2.21157 2.75621 2.97604 10 Mustika Ratu Tbk 1.07840958 2.08443 2.43274 2.11626 11 Unilever Indonesia Tbk 3.20761263 3.32143 3.6155 3.57094 109
Lampiran 7 Data Earning Growth (EG) Perusahaan Sampel Periode 2008-2011 (Setelah Transformasi) NO NAMA PERUSAHAAN 2008 2009 2010 2011 1 Delta Djakarta Tbk -0.26188-0.67256-2.27109-2.4407 2 Indofood Sukses Makmur Tbk -2.89861 0.006777-0.86157-0.35782 3 Multi Bintang Indonesia Tbk 0.491276-0.63205-1.20098-1.92758 4 Gudang Garam Tbk -1.19501-0.1771-1.61044-1.63066 5 HM Sampoerna Tbk -2.5916-1.18417-1.33865-1.37121 6 Darya Varya Laboratoria Tbk -0.8706-3.88733-0.62698-2.40241 7 Kimia Farma Tbk -2.79035-2.0526 0.198195-1.43464 8 Kalbe Farma Tbk -6.43775-1.15741-0.95555-1.62455 9 Tempo Scan Pacifik Tbk -1.88453-2.09883-1.02666-1.62354 10 Mustika Ratu Tbk 0.002696 0-1.82078-2.88062 11 Unilever Indonesia Tbk -1.49032-1.32954-2.18391-1.47316 110
Lampiran 8 Data Debt to Equity Ratio (DER) Perusahaan Sampel Periode 2008-2011 (Setelah Transformasi) NO NAMA PERUSAHAAN 2008 2009 2010 2011 1 Delta Djakarta Tbk -1.07881-1.30933-1.60944-1.51413 2 Indofood Sukses Makmur Tbk 1.134623 0.896088 0.29267-0.35667 3 Multi Bintang Indonesia Tbk 0.548121 2.132982 0.34359 0.262364 4 Gudang Garam Tbk -0.59784-0.73397-0.82098-0.52763 5 HM Sampoerna Tbk 0-0.37106 0.00995-0.10536 6 Darya Varya Laboratoria Tbk -1.34707-0.8916-1.10866-1.27297 7 Kimia Farma Tbk -0.63488-0.56212-0.71335-0.84397 8 Kalbe Farma Tbk -0.96758-0.94161-1.46968-1.30933 9 Tempo Scan Pacifik Tbk -1.23787-1.07881-1.02165-0.91629 10 Mustika Ratu Tbk -1.77196-1.83258-1.96611-1.7148 11 Unilever Indonesia Tbk 0.09531 0.019803 0.139762 0.615186 111
Lampiran 9 Data Dividend Payout Ratio (DPR) Perusahaan Sampel Periode 2008 2011 (Setelah Transformasi) NO NAMA PERUSAHAAN 2008 2009 2010 2011 1 Delta Djakarta Tbk -0.40167 0.184403 0.186314 0.149282 2 Indofood Sukses Makmur Tbk -0.91879-0.93293-0.9276-1.18352 3 Multi Bintang Indonesia Tbk 0.351853-0.0005-6.90776-6.90776 4 Gudang Garam Tbk -1.02694-1.01639-0.89551-0.94649 5 HM Sampoerna Tbk -4.29769-2.60911-2.84215-3.4389 6 Darya Varya Laboratoria Tbk -1.03339-1.05354-1.19402-1.23169 7 Kimia Farma Tbk -1.3875 5.703689-1.60944-1.60944 8 Kalbe Farma Tbk -1.71702-1.29719-0.59294-0.46745 9 Tempo Scan Pacifik Tbk 0.051263-0.82668-0.08284-0.55061 10 Mustika Ratu Tbk -1.38629-1.60944-1.60944-0.61434 11 Unilever Indonesia Tbk -0.0016 1E-04 0.0002 0.084892 112
Lampiran 10 HASIL OUTPUT SPSS Descriptives Descriptive Statistics N Minimum Maximum Mean Std. Deviation EG 44 -,06 1,63,3436,34975 DER 44,14 8,44,8841 1,32594 DPR 44,00 299,97 7,3105 45,14778 PER 44 2,94 37,17 13,1689 7,97947 Valid N (listwise) 44 NPar Tests One-Sample Kolmogorov-Smirnov Test EG DER DPR PER N 44 44 44 44 Normal Parameters a Mean,3436,8841 7,3105 13,1689 Std. Deviation,34975 1,32594 45,14778 7,97947 Most Extreme Differences Absolute,220,287,529,172 Positive,220,239,529,172 Negative -,141 -,287 -,436 -,100 Kolmogorov-Smirnov Z 1,460 1,906 3,510 1,140 Asymp. Sig. (2-tailed),028,001,000,149 a. Test distribution is Normal. Regression Coefficients a Unstandardized Coefficients Standardized Coefficients Model B Std. Error Beta t Sig. 1 (Constant) 14,724 1,832 8,039,000 EG -6,091 3,528 -,267-1,726,092 DER,689,927,114,743,462 DPR -,010,027 -,055 -,361,720 113
Coefficients a Unstandardized Coefficients Standardized Coefficients Model B Std. Error Beta t Sig. 1 (Constant) 14,724 1,832 8,039,000 EG -6,091 3,528 -,267-1,726,092 DER,689,927,114,743,462 DPR -,010,027 -,055 -,361,720 a. Dependent Variable: PER Coefficient Correlations a Model DPR DER EG 1 Correlations DPR 1,000,020,088 DER,020 1,000 -,157 EG,088 -,157 1,000 Covariances DPR,001,001,008 DER,001,859 -,515 EG,008 -,515 12,445 a. Dependent Variable: PER Residuals Statistics a Minimum Maximum Mean Std. Deviation N Predicted Value 5,9740 17,2990 13,1689 2,19030 44 Residual -9,23413 22,33354,00000 7,67298 44 Std. Predicted Value -3,285 1,886,000 1,000 44 Std. Residual -1,161 2,807,000,964 44 a. Dependent Variable: PER 114
Charts 115
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NPar Tests One-Sample Kolmogorov-Smirnov Test Ln_EG Ln_DER Ln_DPR Ln_PER N 44 44 44 44 Normal Parameters a Mean -1,4172 -,5940 -,8328 2,4139 Std. Deviation,93591,87550 1,44743,58215 Most Extreme Differences Absolute,085,106,194,071 Positive,063,106,194,065 Negative -,085 -,059 -,177 -,071 Kolmogorov-Smirnov Z,553,704 1,257,473 Asymp. Sig. (2-tailed),920,705,085,979 a. Test distribution is Normal. Regression Variables Entered/Removed b Variables Variables Model Entered Removed Method 1 Ln_DPR, Ln_EG, Ln_DER a. Enter a. All requested variables entered. b. Dependent Variable: Ln_PER Model Summary b Model R R Square a 1,888,789 Adjusted R Std. Error of the Square Estimate Durbin-Watson,783 3,84083 1,801 a. Predictors: (Constant), Ln_DPR, Ln_EG, Ln_DER b. Dependent Variable: Ln_PER 117
ANOVA Model Sum of Squares df Mean Square F Sig. 1 Regression 2089,969 3 2089,969 14,674,000 a Residual 560,575 41 14,752 Total 2650,544 44 a. Predictors: (Constant), Ln_DPR, Ln_EG, Ln_DER b. Dependent Variable: Ln_PER b Coefficient Correlations a Model Ln_EG Ln_DER Ln_DPR 1 Correlations Ln_EG 1,000 -,160,000 Ln_DER -,160 1,000,013 Ln_DPR,000,013 1,000 Covariances Ln_EG,010 -,002 9,257E-7 Ln_DER -,002,012 8,614E-5 Ln_DPR 9,257E-7 8,614E-5,004 a. Dependent Variable: Ln_PER Coefficients a Unstandardized Coefficients Standardized Coefficients Collinearity Statistics Model B Std. Error Beta t Sig. Tolerance VIF 1 (Constant) 2,354,179 13,183,000 Ln_EG -,152,099 -,244-3,519,103,975 1,026 Ln_DER,186,108,271 4,713,009,974 1,026 Ln_DPR,038,063,094,604,549 1,000 1,000 a. Dependent Variable: Ln_PER 118
Residuals Statistics a Minimum Maximum Mean Std. Deviation N Predicted Value 1,9721 2,9583 2,4276,20708 40 Std. Predicted Value -2,199 2,563,000 1,000 40 Standard Error of Predicted Value,095,427,172,068 40 Adjusted Predicted Value 2,1312 3,1957 2,4569,25566 40 Residual -,91729 1,03909,00000,56009 40 Std. Residual -1,573 1,782,000,961 40 Stud. Residual -1,723 1,840 -,022 1,014 40 Deleted Residual -1,13014 1,10676 -,02927,62781 40 Stud. Deleted Residual -1,774 1,906 -,023 1,029 40 Mahal. Distance,067 19,945 2,925 3,667 40 Cook's Distance,000,233,033,053 40 Centered Leverage Value,002,511,075,094 40 a. Dependent Variable: Ln_PER 119
Charts 120
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