Analisis Faktor- Faktor yang Mempengaruhi Dividend Payout Ratio Pada Perusahaan Manufaktur yang Terdaftar Di Bursa Efek Indonesia
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38.
39.
40.
Akasha Wira International Tbk.
Tiga Pilar Sejahtera Food Tbk.
Cahaya Kalbar Tbk.
Davomas Abadi Tbk.
Asahimas Flat Glass Tbk.
Indofood CBP Sukses Makmur Tbk.
Arwana Citra Mulia Tbk.
Mayora Indah Tbk.
Astra International Tbk.
Nippon Indosari Corpindo Tbk.
Prasidha Aneka Niaga Tbk.
Sekar Laut Tbk.
Siantar Top Tbk.
Ultra Jaya Milk Tbk.
Astra Auto Part Tbk.
Indofarma (Persero) Tbk
Indo Kordsa Tbk.
Charoen Pokphand Indonesia Tbk.
Merck Tbk
Pyridam Farma Tbk
Schering Plough Indonesia Tbk
Taisho Pharmaceutical Indonesia Tbk.
Delta Jakarta Tbk.
Darya-Varia Laboratoria Tbk
Ekadharma International Tbk.
Bantoel International Investama Tbk.
Kedaung Setia Industrial Tbk.
Kedaung Indag Can Tbk.
Langgeng Makmur Industry Tbk.
Martina Berto Tbk.
Fajar Surya Wisesa Tbk.
Goodyear Indonesia Tbk.
Gudang Garam Tbk.
Gajah Tunggal Tbk.
Holcim Indonesia Tbk.
Hanjaya Mandala Sampoerna Tbk.
Indofood Sukses Makmur Tbk.
Indocement Tunggal Prakarsa Tbk.
Inti Keramik Alam Asri Industri Tbk.
Keramika Indonesia Assosiasi Tbk.
ADES
AISA
CEKA
DAVO
AMFG
ICBP
ARNA
MYOR
ASII
ROTI
PSDN
SKLT
STTP
ULTJ
AUTO
INAF
BRAM
CPIN
MERK
PYFA
SCPI
SQBI
DLTA
DVLA
EKAD
RMBA
KDSI
KICI
LMPI
MBTO
FASW
GDYR
GGRM
GJTL
SMCB
HMSP
INDF
INTP
IKAI
KIAS
1
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Sampel
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3
×
×
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×
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×
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×
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×
×
×
×
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×
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×
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×
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×
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×
Sampel 1
Sampel 2
Sampel 3
Sampel 4
Sampel 5
Sampel 6
Sampel 7
Sampel 8
Sampel 9
Sampel 10
Sampel 11
Sampel 12
Sampel 13
Sampel 14
Sampel 15
Sampel 16
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70.
71.
72.
73.
74.
75.
76.
77.
78.
79.
80.
81.
82.
Mulia Industrindo Tbk.
Surya Toto Indonesia Tbk.
Alaska Industrindo Tbk.
Alumindo Light Metal Industry Tbk.
Beton Jaya Manunggal Tbk.
Citra Turbindo Tbk.
Gunawan Dianjaya Steel Tbk.
Indal Aluminium Industry Tbk
Itamaraya Tbk.
Jakarta Kyoei Steel Work LTD Tbk.
Jaya Pari Steel Tbk.
Krakatau Steel Tbk.
Japfa Comfeed Indonesia Tbk.
Kimia Farma (Persero) Tbk
Hanson International Tbk.
Kalbe Farma Tbk
Pelangi Indah Canindo Tbk.
Lion Metal Works Tbk.
Barito Pasific Tbk.
Budi Acid Jaya Tbk.
Duta Pertiwi Nusantara.
Lionmesh Prima Tbk.
Eterindo Wahanatama Tbk.
Intan Wijaya International Tbk.
Sorini Agro Asia Corporindo Tbk.
Indo Acitama Tbk.
Chandra Asri Petrochemical.
Unggul Indah Cahaya Tbk.
Alam Karya Unggul Tbk.
Argha Karya Prima Industry Tbk.
Asiaplast Industries Tbk
Berlina Tbk.
Titan Kimia Nusantara Tbk.
Champion Pasific Indonesia Tbk.
Indopoly Swakarsa Industry Tbk.
Sekawan Intipratama Tbk.
Siwani Makmur Tbk.
Trias Sentosa Tbk.
Yana Prima Hasta Persada Tbk.
Multistrada Arah Sarana Tbk.
Mustika Ratu Tbk.
Malindo Feedmill Tbk.
MLIA
TOTO
ALKA
ALMI
BTON
CTBN
GDST
INAI
ITMA
JKSW
JPRS
KRAS
JPFA
KAEF
MYRX
KLBF
PICO
LION
BRPT
BUDI
DPNS
LMSH
ETWA
INCI
SOBI
SRSN
TPIA
UNIC
AKKU
AKPI
APLI
BRNA
FPNI
IGAR
IPOL
SIAP
SIMA
TRST
YPAS
MASA
MRAT
MAIN
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×
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×
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×
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×
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×
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×
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×
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×
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×
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×
×
×
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×
×
×
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×
Sampel 17
Sampel 18
Sampel 19
Sampel 20
Sampel 21
Sampel 22
Sampel 23
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122
Siearad Produce Tbk.
Sumalindo Lestari Jaya Tbk.
Tirta Mahakam Resources Tbk.
Alkindo Naratama Tbk.
Multi Bintang Indonesia Tbk.
Indah Kiat Pulp & paper Tbk.
Toba Pulp Lestari Tbk.
Kertas Basuki Rachmat Indonesia Tbk.
Surabaya Agung Industri Pulp &
Kertas Tbk.
Suparma Tbk.
Pabrik Kertas Tjiwi Kimia Tbk.
Pelat Timah Nusantara Tbk.
Supreme Cable Manufacturing and
Commerce Tbk.
Semen Gresik Tbk.
Selamat Sempurna Tbk.
Tembaga Mulia Semanan Tbk.
Indomobil Sukses International Tbk.
Indospring Tbk.
Multi Prima Sejahtera Tbk.
Mandom Indonesia Tbk.
Nipress Tbk.
Prima alloy steel Universal Tbk.
Tempo Scan Pacific Tbk
Polychem Indonesia Tbk.
Argo Pantes Tbk.
Centex Tbk – Saham Seri B.
Centex Tbk.
Eratex Djaya Tbk.
Ever Shine Textile Industry Tbk.
Pan Asia Indosyntec Tbk.
Indo Rama Synthetic Tbk.
Karwell Indonesia Tbk.
Apac Citra Centertex Tbk.
Pan Asia Filament Inti Tbk.
Pan Brothers Tbk.
Asia Pasific Fibers Tbk.
Ricky Putra Globalindo Tbk.
Sunson Textile Manufacturer Tbk.
Nusantara Inti Corpora Tbk.
Unitex Tbk.
SIPD
SULI
TIRT
ALDO
MLBI
INKP
INRU
KBRI
SAIP
SPMA
TKIM
NIKL
SCCO
SMGR
SMSM
TBMS
IMAS
INDS
LPIN
TCID
NIPS
PRAS
TSPC
ADMG
ARGO
CNTB
CNTX
ERTX
ESTI
HDTX
INDR
KARW
MYTX
PAFI
PBRX
POLY
RICY
SSTM
UNIT
UNTX
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×
×
×
×
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×
×
×
Sampel 24
×
×
×
×
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×
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×
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×
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×
×
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×
×
×
×
Sampel 25
Sampel 26
Sampel 27
Sampel 28
Sampel 29
Sampel 30
123
124
125
126
127
128
129
130
131
Primarindo Asia Infrastructure Tbk.
Surya Intrindo Makmur Tbk.
Sumi Indo Kabel Tbk.
Jembo Cable Company Tbk.
KMI Wire and Cable Tbk.
Kabelindo Murni Tbk.
Unilever Indonesia Tbk.
Voksel Electric Tbk.
Sat Nusa Persada Tbk.
BIMA
SIMM
IKBI
JECC
KBLI
KBLM
UNVR
VOKS
PTSN
√
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×
×
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×
×
Sampel 31
lampiran ii
Free Cash Flow (FCF)
2009-2011
(dalam jutaan Rupiah)
1.
Asahimas Flat Glass Tbk .
Struktur Modal( %)
2009
2010
2011
387098.00
257009.00
37486.00
2.
Arawana Citra Mulia Tbk
37318.45
103639.39
131077.21
3.
Astra Internasional Tbk.
-11206000.00
626000.00
-2799000.00
4.
Astra Auto Part Tbk.
422846.00
289349.00
2459044.00
5.
Indo Kordsa Tbk.
275119.72
-101776.72
156858.77
6.
Charoen Pokhphan Indonesia Tbk.
1080705.00
821976.00
-2127856.95
7.
Delta Jakarta Tbk.
92634.24
43201.56
188148.57
8.
Darya-Varia Laboratoria Tbk
-52975.24
29855.22
-27280.99
9.
Ekadharma Internasional Tbk.
-10835.26
-13720.78
-13347.72
10.
Fajar Surya Wisesa Tbk.
902904.07
1409115.54
747787.31
11.
GoodYear Indonesia Tbk.
415091.24
345624.45
208592.12
12.
Gudang Garam Tbk.
568621.00
-317676.00
-3294631.00
13.
Gajah Tunggal Tbk.
78182.00
646781.00
-441695.00
14.
Hanjaya Mandala Sampoerna Tbk.
177823775.00
7234828.00
10952996.00
15.
Indofood CBP Sukses Makmur Tbk
-2366987.00
-2441768.00
2333566.00
16.
Indocement Tunggal Prakarsa. Tbk.
984270.62
861386.40
1247541.00
17.
Japfa Comfeed Indonesia Tbk.
-248937.00
100867.00
135429.00
18.
Kimia Farma Tbk.
67473.08
-31711.13
-65580.25
No.
Nama Perusahaan
19.
Kalbe Farma Tbk.
1082729.44
283744.86
783720.22
20.
Lion Metal Works Tbk.
23877.39
-1858.16
737.29
21.
Lionmesh Prima Tbk.
-3009.09
3972.72
-3285.91
22.
Multistrada Arah Sarana Tbk.
157515.00
269289.00
23769.00
23.
Mustika Ratu Tbk.
-13410.16
-10969.19
-26978.93
24
Multi Bintang Indonesia Tbk.
763669.00
-43886.00
622481.00
25
187388.72
-80391.04
41127.02
26
Supreme Cable Manufacturing anf
Commerce Tbk.
Semen Gresik Tbk .
2620356.65
7425357.27
-6102545.68
27
Selamat Sempurna Tbk.
322280.42
-28837.90
111990.35
28
Tembaga Mulia Seamanan Tbk.
81234.83
-147852.01
-132861.73
29
Mandom Indonesia Tbk.
125703.66
92148.15
-7474.18
30
Tempo Scan Pacific Tbk
269950.76
349940.30
-2053687.39
31
Unilever Indonesia Tbk.
3155416.00
337516.00
5669908.00
lampiran iii
Return on Assets (ROA)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
4.64
18.50
16.60
2.
Arawana Citra Mulia Tbk
11.05
12.34
15.62
3.
Astra Internasional Tbk.
18.44
18.64
16.79
4.
Astra Auto Part Tbk.
20.39
24.96
18.02
5.
Indo Kordsa Tbk.
9.92
14.33
7.41
6.
Charoen Pokhphan Indonesia Tbk.
40.39
10.24
33.62
7.
Delta Jakarta Tbk.
23.41
37.23
29.43
8.
Darya-Varia Laboratoria Tbk
14.56
18.02
17.92
9.
Ekadharma Internasional Tbk.
13.90
16.47
14.82
10.
Fajar Surya Wisesa Tbk.
10.56
8.48
23.69
11.
GoodYear Indonesia Tbk.
15.02
6.75
12.39
12.
Gudang Garam Tbk.
17.73
18.32
36.92
10.80
52.62
47.41
86.31
13.
Gajah Tunggal Tbk.
14.
Hanjaya Mandala Sampoerna Tbk.
14.35
10.72
15.
Indofood CBP Sukses Makmur Tbk
10.06
11.49
11.85
16.
Indocement Tunggal Prakarsa. Tbk.
28.59
17.68
65.94
17.
Japfa Comfeed Indonesia Tbk.
20.59
20.59
10.55
18.
Kimia Farma Tbk.
6.38
10.78
12.93
19.
Kalbe Farma Tbk.
22.69
25.18
24.02
20.
Lion Metal Works Tbk.
16.58
16.54
18.37
21.
Lionmesh Prima Tbk.
5.34
13.19
15.45
22.
Multistrada Arah Sarana Tbk.
9.08
7.48
3.97
23.
Mustika Ratu Tbk.
7.90
8.53
8.69
24
Multi Bintang Indonesia Tbk.
47.56
42.25
55.74
25
Supreme Cable Manufacturing anf
Commerce Tbk.
1.93
7.15
9.97
26
Semen Gresik Tbk .
15.94
30.35
25.89
27
Selamat Sempurna Tbk.
19.74
19.19
54.59
28
Tembaga Mulia Seamanan Tbk.
7.19
0.33
1.93
29
Mandom Indonesia Tbk.
17.71
16.57
46.81
30
Tempo Scan Pacific Tbk
14.73
17.54
17.41
31
Unilever Indonesia Tbk.
73.01
56.76
52.16
lampiran iv
Debt to Equity Ratio (DER)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
0.29
0.29
0.25
2.
Arawana Citra Mulia Tbk
1.38
1.12
0.72
3.
Astra Internasional Tbk.
1.00
1.10
1.02
4.
Astra Auto Part Tbk.
0.39
0.38
0.47
5.
Indo Kordsa Tbk.
0.23
0.26
0.38
6.
Charoen Pokhphan Indonesia Tbk.
0.82
0.46
0.43
7.
Delta Jakarta Tbk.
0.27
0.20
6.22
8.
Darya-Varia Laboratoria Tbk
0.41
0.33
0.28
9.
Ekadharma Internasional Tbk.
1.10
0.74
0.61
10.
Fajar Surya Wisesa Tbk.
1.32
1.48
1.74
11.
GoodYear Indonesia Tbk.
1.71
1.76
1.77
12.
Gudang Garam Tbk.
0.48
0.44
0.59
13.
Gajah Tunggal Tbk.
2.32
1.94
0.61
14.
Hanjaya Mandala Sampoerna Tbk.
0.69
1.01
0.90
15.
Indofood CBP Sukses Makmur Tbk
0.45
1.34
0.70
16.
Indocement Tunggal Prakarsa. Tbk.
0.24
0.17
0.15
17.
Japfa Comfeed Indonesia Tbk.
1.76
1.14
1.18
18.
Kimia Farma Tbk.
0.57
0.49
0.43
19.
Kalbe Farma Tbk.
0.39
0.23
3.27
20.
Lion Metal Works Tbk.
0.19
0.17
0.21
21.
Lionmesh Prima Tbk.
0.83
0.67
0.71
22.
Multistrada Arah Sarana Tbk.
0.74
0.87
2.68
23.
Mustika Ratu Tbk.
0.16
0.14
5.18
24
Multi Bintang Indonesia Tbk.
8.44
1.41
1.10
25
Supreme Cable Manufacturing anf
Commerce Tbk.
1.77
1.72
1.80
26
Semen Gresik Tbk .
0.26
0.29
0.35
27
Selamat Sempurna Tbk.
0.80
0.96
2.70
28
Tembaga Mulia Seamanan Tbk.
6.72
9.38
2.57
29
Mandom Indonesia Tbk.
0.13
0.10
0.11
30
Tempo Scan Pacific Tbk
0.34
0.36
0.40
31
Unilever Indonesia Tbk.
1.02
1.15
1.36
lampiran v
Firm Size (FS)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
14.49
14.67
14.81
2.
Arawana Citra Mulia Tbk
13.62
13.68
13.63
3.
Astra Internasional Tbk.
18.30
18.54
18.85
4.
Astra Auto Part Tbk.
15.35
15.54
15.76
5.
Indo Kordsa Tbk.
14.12
14.22
14.32
6.
Charoen Pokhphan Indonesia Tbk.
15.49
15.69
16.00
7.
Delta Jakarta Tbk.
13.54
13.47
13.45
8.
Darya-Varia Laboratoria Tbk
13.57
13.66
13.74
9.
Ekadharma Internasional Tbk.
12.01
12.23
12.38
10.
Fajar Surya Wisesa Tbk.
15.12
21.32
15.41
11.
GoodYear Indonesia Tbk.
13.94
4.95
13.98
12.
Gudang Garam Tbk.
17.12
17.24
17.48
13.
Gajah Tunggal Tbk.
16.00
16.15
16.26
14.
Hanjaya Mandala Sampoerna Tbk.
16.70
16.84
16.80
15.
Indofood CBP Sukses Makmur Tbk
17.51
17.67
17.80
16.
Indocement Tunggal Prakarsa. Tbk.
16.40
16.55
16.71
17.
Japfa Comfeed Indonesia Tbk.
15.62
15.76
15.93
18.
Kimia Farma Tbk.
14.26
14.32
14.40
19.
Kalbe Farma Tbk.
15.68
15.77
25.93
20.
Lion Metal Works Tbk.
12.51
12.62
12.81
21.
Lionmesh Prima Tbk.
11.20
11.27
11.49
22.
Multistrada Arah Sarana Tbk.
14.75
14.93
15.37
23.
Mustika Ratu Tbk.
12.81
12.86
12.95
24
Multi Bintang Indonesia Tbk.
13.81
13.94
12.02
25
Supreme Cable Manufacturing anf
Commerce Tbk.
13.86
13.96
14.19
26
Semen Gresik Tbk .
16.38
16.56
20.79
27
Selamat Sempurna Tbk.
13.76
13.88
43.94
28
Tembaga Mulia Seamanan Tbk.
13.81
14.02
10.20
29
Mandom Indonesia Tbk.
13.81
13.86
13.94
30
Tempo Scan Pacific Tbk
15.00
15.09
15.26
31
Unilever Indonesia Tbk.
15.83
15.99
16.17
lampiran vi
Growth Potential (GP)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
-1.04
20.29
13.40
2.
Arawana Citra Mulia Tbk
11.76
6.13
-4.77
3.
Astra Internasional Tbk.
10.15
26.89
36.03
4.
Astra Auto Part Tbk.
16.67
20.26
24.68
5.
Indo Kordsa Tbk.
-19.32
10.60
11.21
6.
Charoen Pokhphan Indonesia Tbk.
3.30
21.85
35.74
7.
Delta Jakarta Tbk.
8.90
-6.28
-1.75
8.
Darya-Varia Laboratoria Tbk
22.89
9.00
8.69
9.
Ekadharma Internasional Tbk.
17.30
23.83
16.20
10.
Fajar Surya Wisesa Tbk.
-1.27
22.44
9.81
11.
GoodYear Indonesia Tbk.
10.30
1.66
3.47
12.
Gudang Garam Tbk.
13.12
12.89
27.15
13.
Gajah Tunggal Tbk.
1.88
16.83
11.40
14.
Hanjaya Mandala Sampoerna Tbk.
9.81
15.85
-5.60
15.
Indofood CBP Sukses Makmur Tbk
1.99
17.07
13.35
16.
Indocement Tunggal Prakarsa. Tbk.
17.63
15.59
18.28
17.
Japfa Comfeed Indonesia Tbk.
12.73
14.99
18.23
18.
Kimia Farma Tbk.
8.09
6.06
8.26
19.
Kalbe Farma Tbk.
13.65
8.49
17.66
20.
Lion Metal Works Tbk.
7.20
11.99
20.37
21.
Lionmesh Prima Tbk.
17.49
7.37
25.34
22.
Multistrada Arah Sarana Tbk.
6.60
19.81
55.88
23.
Mustika Ratu Tbk.
3.06
5.67
9.35
24
Multi Bintang Indonesia Tbk.
5.53
14.46
7.36
25
Supreme Cable Manufacturing anf
Commerce Tbk.
-7.46
11.01
25.74
26
Semen Gresik Tbk .
22.15
20.17
26.34
27
Selamat Sempurna Tbk.
1.28
13.32
26.54
28
Tembaga Mulia Seamanan Tbk.
-15.11
24.39
18.23
29
Mandom Indonesia Tbk.
9.20
5.29
7.99
30
Tempo Scan Pacific Tbk
9.98
10.01
18.41
31
Unilever Indonesia Tbk.
15.07
16.25
20.64
lampiran vii
Dividend Payout Ratio (DPR)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
25.80
10.49
10.36
2.
Arawana Citra Mulia Tbk
20.11
34.83
38.36
3.
Astra Internasional Tbk.
33.47
13.24
37.55
4.
Astra Auto Part Tbk.
60.03
40.00
36.62
5.
Indo Kordsa Tbk.
78.01
41.93
40.92
6.
Charoen Pokhphan Indonesia Tbk.
39.92
4.81
29.15
7.
Delta Jakarta Tbk.
120.25
120.48
116.10
8.
Darya-Varia Laboratoria Tbk
34.87
30.30
29.18
9.
Ekadharma Internasional Tbk.
20.40
18.26
17.63
10.
Fajar Surya Wisesa Tbk.
20.59
39.40
22.47
11.
GoodYear Indonesia Tbk.
7.62
15.40
28.56
12.
Gudang Garam Tbk.
36.19
40.84
38.81
13.
Gajah Tunggal Tbk.
5.77
5.03
3.68
14.
Hanjaya Mandala Sampoerna Tbk.
65.91
111.94
68.05
15.
Indofood CBP Sukses Makmur Tbk
39.34
39.55
30.62
16.
Indocement Tunggal Prakarsa. Tbk.
30.16
30.02
29.95
17.
Japfa Comfeed Indonesia Tbk.
1.27
78.84
23.90
18.
Kimia Farma Tbk.
29.97
20.00
20.00
19.
Kalbe Farma Tbk.
27.33
55.27
62.66
20.
Lion Metal Works Tbk.
19.34
26.93
29.70
21.
Lionmesh Prima Tbk.
12.00
6.53
8.81
22.
Multistrada Arah Sarana Tbk.
3.50
3.48
8.58
23.
Mustika Ratu Tbk.
20.00
20.00
54.10
24
Multi Bintang Indonesia Tbk.
99.95
0.10
0.10
25
Supreme Cable Manufacturing and
Commerce Tbk.
33.40
30.45
31.82
26
Semen Gresik Tbk .
55.00
50.00
49.56
27
Selamat Sempurna Tbk.
97.53
52.64
98.49
28
Tembaga Mulia Seamanan Tbk.
23.88
56.88
17.46
29
Mandom Indonesia Tbk.
51.36
52.01
53.03
30
Tempo Scan Pacific Tbk
43.75
92.05
57.66
31
Unilever Indonesia Tbk.
100.01
100.02
63.03
lampiran viii
Statistik Deskriptif
Descriptive Statistics
N
DPR
FCF
ROA
DER
FS
GP
Valid N (listwise)
Minimum
93
93
93
93
93
93
.10
-1.12E7
.33
.10
4.95
-19.32
Maximum
120.48
1.78E8
86.31
9.38
43.94
55.88
Mean
39.3049
2.2053E6
20.9959
1.1851
15.2300
12.7026
Std. Deviation
29.43226
1.85546E7
16.32772
1.62469
3.90145
10.74716
93
lampiran ix
Uji Normalitas
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
Normal Parametersa
Most Extreme Differences
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
Mean
Std. Deviation
Absolute
Positive
Negative
93
.0000000
24.66713398
.101
.101
-.093
.969
.304
lampiran ix (lanjutan)
lampiran ix (lanjutan)
Uji Multikolinearitas
Collinearity Statistics
Model
1
Tolerance
VIF
(Constant)
FCF
.993
1.007
ROA
.902
1.108
DER
.988
1.012
FS
.826
1.210
GP
.907
1.103
Uji Heteroskedastisitas
Uji Autokorelasi
Model Summaryb
Model
R
R Square
a
1
.546
Adjusted R Square
.298
.257
Std. Error of the
Estimate
25.36606
a. Predictors: (Constant), GP, ROA, FCF, DER, FS
b. Dependent Variable: DPR
Uji Koefisien Determinasi (R2)
Model Summaryb
Model
1
R
R Square
.490a
Adjusted R Square
.240
a. Predictors: (Constant), GP, ROA, FCF, DER, FS
b. Dependent Variable: Abs_res
.196
Std. Error of the
Estimate
15.49402
Durbin-Watson
1.953
lampiran x
Hasil Pengujian Hipotesis
Hasil Uji t
Coefficientsa
Standardized
Coefficients
Unstandardized Coefficients
Model
1
B
(Constant)
Std. Error
Beta
4.547
10.773
FCF
1.812E-7
.000
ROA
.669
.170
DER
3.296
FS
GP
t
Sig.
.422
.674
.114
1.267
.208
.371
3.924
.000
1.637
.182
2.013
.047
1.583
.746
.210
2.124
.037
-.607
.258
-.222
-2.349
.021
a. Dependent Variable: DPR
Hasil Uji F
ANOVAb
Model
1
Sum of Squares
df
Mean Square
Regression
23716.693
5
4743.339
Residual
55979.010
87
643.437
Total
79695.703
92
a. Predictors: (Constant), GP, ROA, FCF, DER, FS
b. Dependent Variable: DPR
F
Sig.
7.372
.000a
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
Akasha Wira International Tbk.
Tiga Pilar Sejahtera Food Tbk.
Cahaya Kalbar Tbk.
Davomas Abadi Tbk.
Asahimas Flat Glass Tbk.
Indofood CBP Sukses Makmur Tbk.
Arwana Citra Mulia Tbk.
Mayora Indah Tbk.
Astra International Tbk.
Nippon Indosari Corpindo Tbk.
Prasidha Aneka Niaga Tbk.
Sekar Laut Tbk.
Siantar Top Tbk.
Ultra Jaya Milk Tbk.
Astra Auto Part Tbk.
Indofarma (Persero) Tbk
Indo Kordsa Tbk.
Charoen Pokphand Indonesia Tbk.
Merck Tbk
Pyridam Farma Tbk
Schering Plough Indonesia Tbk
Taisho Pharmaceutical Indonesia Tbk.
Delta Jakarta Tbk.
Darya-Varia Laboratoria Tbk
Ekadharma International Tbk.
Bantoel International Investama Tbk.
Kedaung Setia Industrial Tbk.
Kedaung Indag Can Tbk.
Langgeng Makmur Industry Tbk.
Martina Berto Tbk.
Fajar Surya Wisesa Tbk.
Goodyear Indonesia Tbk.
Gudang Garam Tbk.
Gajah Tunggal Tbk.
Holcim Indonesia Tbk.
Hanjaya Mandala Sampoerna Tbk.
Indofood Sukses Makmur Tbk.
Indocement Tunggal Prakarsa Tbk.
Inti Keramik Alam Asri Industri Tbk.
Keramika Indonesia Assosiasi Tbk.
ADES
AISA
CEKA
DAVO
AMFG
ICBP
ARNA
MYOR
ASII
ROTI
PSDN
SKLT
STTP
ULTJ
AUTO
INAF
BRAM
CPIN
MERK
PYFA
SCPI
SQBI
DLTA
DVLA
EKAD
RMBA
KDSI
KICI
LMPI
MBTO
FASW
GDYR
GGRM
GJTL
SMCB
HMSP
INDF
INTP
IKAI
KIAS
1
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
Sampel
2
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
3
×
×
×
×
√
×
√
×
√
×
×
×
×
×
√
×
√
√
×
×
×
×
√
√
√
×
×
×
×
×
√
√
√
√
×
√
√
√
×
×
Sampel 1
Sampel 2
Sampel 3
Sampel 4
Sampel 5
Sampel 6
Sampel 7
Sampel 8
Sampel 9
Sampel 10
Sampel 11
Sampel 12
Sampel 13
Sampel 14
Sampel 15
Sampel 16
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
66.
67.
68.
69.
70.
71.
72.
73.
74.
75.
76.
77.
78.
79.
80.
81.
82.
Mulia Industrindo Tbk.
Surya Toto Indonesia Tbk.
Alaska Industrindo Tbk.
Alumindo Light Metal Industry Tbk.
Beton Jaya Manunggal Tbk.
Citra Turbindo Tbk.
Gunawan Dianjaya Steel Tbk.
Indal Aluminium Industry Tbk
Itamaraya Tbk.
Jakarta Kyoei Steel Work LTD Tbk.
Jaya Pari Steel Tbk.
Krakatau Steel Tbk.
Japfa Comfeed Indonesia Tbk.
Kimia Farma (Persero) Tbk
Hanson International Tbk.
Kalbe Farma Tbk
Pelangi Indah Canindo Tbk.
Lion Metal Works Tbk.
Barito Pasific Tbk.
Budi Acid Jaya Tbk.
Duta Pertiwi Nusantara.
Lionmesh Prima Tbk.
Eterindo Wahanatama Tbk.
Intan Wijaya International Tbk.
Sorini Agro Asia Corporindo Tbk.
Indo Acitama Tbk.
Chandra Asri Petrochemical.
Unggul Indah Cahaya Tbk.
Alam Karya Unggul Tbk.
Argha Karya Prima Industry Tbk.
Asiaplast Industries Tbk
Berlina Tbk.
Titan Kimia Nusantara Tbk.
Champion Pasific Indonesia Tbk.
Indopoly Swakarsa Industry Tbk.
Sekawan Intipratama Tbk.
Siwani Makmur Tbk.
Trias Sentosa Tbk.
Yana Prima Hasta Persada Tbk.
Multistrada Arah Sarana Tbk.
Mustika Ratu Tbk.
Malindo Feedmill Tbk.
MLIA
TOTO
ALKA
ALMI
BTON
CTBN
GDST
INAI
ITMA
JKSW
JPRS
KRAS
JPFA
KAEF
MYRX
KLBF
PICO
LION
BRPT
BUDI
DPNS
LMSH
ETWA
INCI
SOBI
SRSN
TPIA
UNIC
AKKU
AKPI
APLI
BRNA
FPNI
IGAR
IPOL
SIAP
SIMA
TRST
YPAS
MASA
MRAT
MAIN
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
×
×
×
×
×
×
×
×
×
×
×
×
√
√
×
√
×
√
×
×
×
√
×
×
×
×
×
×
×
×
×
×
×
×
×
×
×
×
×
√
√
×
Sampel 17
Sampel 18
Sampel 19
Sampel 20
Sampel 21
Sampel 22
Sampel 23
83.
84.
85.
86.
87.
88.
89.
90.
91.
92.
93.
94.
95.
96.
97.
98.
99.
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
Siearad Produce Tbk.
Sumalindo Lestari Jaya Tbk.
Tirta Mahakam Resources Tbk.
Alkindo Naratama Tbk.
Multi Bintang Indonesia Tbk.
Indah Kiat Pulp & paper Tbk.
Toba Pulp Lestari Tbk.
Kertas Basuki Rachmat Indonesia Tbk.
Surabaya Agung Industri Pulp &
Kertas Tbk.
Suparma Tbk.
Pabrik Kertas Tjiwi Kimia Tbk.
Pelat Timah Nusantara Tbk.
Supreme Cable Manufacturing and
Commerce Tbk.
Semen Gresik Tbk.
Selamat Sempurna Tbk.
Tembaga Mulia Semanan Tbk.
Indomobil Sukses International Tbk.
Indospring Tbk.
Multi Prima Sejahtera Tbk.
Mandom Indonesia Tbk.
Nipress Tbk.
Prima alloy steel Universal Tbk.
Tempo Scan Pacific Tbk
Polychem Indonesia Tbk.
Argo Pantes Tbk.
Centex Tbk – Saham Seri B.
Centex Tbk.
Eratex Djaya Tbk.
Ever Shine Textile Industry Tbk.
Pan Asia Indosyntec Tbk.
Indo Rama Synthetic Tbk.
Karwell Indonesia Tbk.
Apac Citra Centertex Tbk.
Pan Asia Filament Inti Tbk.
Pan Brothers Tbk.
Asia Pasific Fibers Tbk.
Ricky Putra Globalindo Tbk.
Sunson Textile Manufacturer Tbk.
Nusantara Inti Corpora Tbk.
Unitex Tbk.
SIPD
SULI
TIRT
ALDO
MLBI
INKP
INRU
KBRI
SAIP
SPMA
TKIM
NIKL
SCCO
SMGR
SMSM
TBMS
IMAS
INDS
LPIN
TCID
NIPS
PRAS
TSPC
ADMG
ARGO
CNTB
CNTX
ERTX
ESTI
HDTX
INDR
KARW
MYTX
PAFI
PBRX
POLY
RICY
SSTM
UNIT
UNTX
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
×
×
×
×
√
×
×
×
Sampel 24
×
×
×
×
√
√
√
√
×
×
×
√
×
×
√
×
×
×
×
×
×
×
×
×
×
×
×
×
×
×
×
×
Sampel 25
Sampel 26
Sampel 27
Sampel 28
Sampel 29
Sampel 30
123
124
125
126
127
128
129
130
131
Primarindo Asia Infrastructure Tbk.
Surya Intrindo Makmur Tbk.
Sumi Indo Kabel Tbk.
Jembo Cable Company Tbk.
KMI Wire and Cable Tbk.
Kabelindo Murni Tbk.
Unilever Indonesia Tbk.
Voksel Electric Tbk.
Sat Nusa Persada Tbk.
BIMA
SIMM
IKBI
JECC
KBLI
KBLM
UNVR
VOKS
PTSN
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
×
×
×
×
×
×
√
×
×
Sampel 31
lampiran ii
Free Cash Flow (FCF)
2009-2011
(dalam jutaan Rupiah)
1.
Asahimas Flat Glass Tbk .
Struktur Modal( %)
2009
2010
2011
387098.00
257009.00
37486.00
2.
Arawana Citra Mulia Tbk
37318.45
103639.39
131077.21
3.
Astra Internasional Tbk.
-11206000.00
626000.00
-2799000.00
4.
Astra Auto Part Tbk.
422846.00
289349.00
2459044.00
5.
Indo Kordsa Tbk.
275119.72
-101776.72
156858.77
6.
Charoen Pokhphan Indonesia Tbk.
1080705.00
821976.00
-2127856.95
7.
Delta Jakarta Tbk.
92634.24
43201.56
188148.57
8.
Darya-Varia Laboratoria Tbk
-52975.24
29855.22
-27280.99
9.
Ekadharma Internasional Tbk.
-10835.26
-13720.78
-13347.72
10.
Fajar Surya Wisesa Tbk.
902904.07
1409115.54
747787.31
11.
GoodYear Indonesia Tbk.
415091.24
345624.45
208592.12
12.
Gudang Garam Tbk.
568621.00
-317676.00
-3294631.00
13.
Gajah Tunggal Tbk.
78182.00
646781.00
-441695.00
14.
Hanjaya Mandala Sampoerna Tbk.
177823775.00
7234828.00
10952996.00
15.
Indofood CBP Sukses Makmur Tbk
-2366987.00
-2441768.00
2333566.00
16.
Indocement Tunggal Prakarsa. Tbk.
984270.62
861386.40
1247541.00
17.
Japfa Comfeed Indonesia Tbk.
-248937.00
100867.00
135429.00
18.
Kimia Farma Tbk.
67473.08
-31711.13
-65580.25
No.
Nama Perusahaan
19.
Kalbe Farma Tbk.
1082729.44
283744.86
783720.22
20.
Lion Metal Works Tbk.
23877.39
-1858.16
737.29
21.
Lionmesh Prima Tbk.
-3009.09
3972.72
-3285.91
22.
Multistrada Arah Sarana Tbk.
157515.00
269289.00
23769.00
23.
Mustika Ratu Tbk.
-13410.16
-10969.19
-26978.93
24
Multi Bintang Indonesia Tbk.
763669.00
-43886.00
622481.00
25
187388.72
-80391.04
41127.02
26
Supreme Cable Manufacturing anf
Commerce Tbk.
Semen Gresik Tbk .
2620356.65
7425357.27
-6102545.68
27
Selamat Sempurna Tbk.
322280.42
-28837.90
111990.35
28
Tembaga Mulia Seamanan Tbk.
81234.83
-147852.01
-132861.73
29
Mandom Indonesia Tbk.
125703.66
92148.15
-7474.18
30
Tempo Scan Pacific Tbk
269950.76
349940.30
-2053687.39
31
Unilever Indonesia Tbk.
3155416.00
337516.00
5669908.00
lampiran iii
Return on Assets (ROA)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
4.64
18.50
16.60
2.
Arawana Citra Mulia Tbk
11.05
12.34
15.62
3.
Astra Internasional Tbk.
18.44
18.64
16.79
4.
Astra Auto Part Tbk.
20.39
24.96
18.02
5.
Indo Kordsa Tbk.
9.92
14.33
7.41
6.
Charoen Pokhphan Indonesia Tbk.
40.39
10.24
33.62
7.
Delta Jakarta Tbk.
23.41
37.23
29.43
8.
Darya-Varia Laboratoria Tbk
14.56
18.02
17.92
9.
Ekadharma Internasional Tbk.
13.90
16.47
14.82
10.
Fajar Surya Wisesa Tbk.
10.56
8.48
23.69
11.
GoodYear Indonesia Tbk.
15.02
6.75
12.39
12.
Gudang Garam Tbk.
17.73
18.32
36.92
10.80
52.62
47.41
86.31
13.
Gajah Tunggal Tbk.
14.
Hanjaya Mandala Sampoerna Tbk.
14.35
10.72
15.
Indofood CBP Sukses Makmur Tbk
10.06
11.49
11.85
16.
Indocement Tunggal Prakarsa. Tbk.
28.59
17.68
65.94
17.
Japfa Comfeed Indonesia Tbk.
20.59
20.59
10.55
18.
Kimia Farma Tbk.
6.38
10.78
12.93
19.
Kalbe Farma Tbk.
22.69
25.18
24.02
20.
Lion Metal Works Tbk.
16.58
16.54
18.37
21.
Lionmesh Prima Tbk.
5.34
13.19
15.45
22.
Multistrada Arah Sarana Tbk.
9.08
7.48
3.97
23.
Mustika Ratu Tbk.
7.90
8.53
8.69
24
Multi Bintang Indonesia Tbk.
47.56
42.25
55.74
25
Supreme Cable Manufacturing anf
Commerce Tbk.
1.93
7.15
9.97
26
Semen Gresik Tbk .
15.94
30.35
25.89
27
Selamat Sempurna Tbk.
19.74
19.19
54.59
28
Tembaga Mulia Seamanan Tbk.
7.19
0.33
1.93
29
Mandom Indonesia Tbk.
17.71
16.57
46.81
30
Tempo Scan Pacific Tbk
14.73
17.54
17.41
31
Unilever Indonesia Tbk.
73.01
56.76
52.16
lampiran iv
Debt to Equity Ratio (DER)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
0.29
0.29
0.25
2.
Arawana Citra Mulia Tbk
1.38
1.12
0.72
3.
Astra Internasional Tbk.
1.00
1.10
1.02
4.
Astra Auto Part Tbk.
0.39
0.38
0.47
5.
Indo Kordsa Tbk.
0.23
0.26
0.38
6.
Charoen Pokhphan Indonesia Tbk.
0.82
0.46
0.43
7.
Delta Jakarta Tbk.
0.27
0.20
6.22
8.
Darya-Varia Laboratoria Tbk
0.41
0.33
0.28
9.
Ekadharma Internasional Tbk.
1.10
0.74
0.61
10.
Fajar Surya Wisesa Tbk.
1.32
1.48
1.74
11.
GoodYear Indonesia Tbk.
1.71
1.76
1.77
12.
Gudang Garam Tbk.
0.48
0.44
0.59
13.
Gajah Tunggal Tbk.
2.32
1.94
0.61
14.
Hanjaya Mandala Sampoerna Tbk.
0.69
1.01
0.90
15.
Indofood CBP Sukses Makmur Tbk
0.45
1.34
0.70
16.
Indocement Tunggal Prakarsa. Tbk.
0.24
0.17
0.15
17.
Japfa Comfeed Indonesia Tbk.
1.76
1.14
1.18
18.
Kimia Farma Tbk.
0.57
0.49
0.43
19.
Kalbe Farma Tbk.
0.39
0.23
3.27
20.
Lion Metal Works Tbk.
0.19
0.17
0.21
21.
Lionmesh Prima Tbk.
0.83
0.67
0.71
22.
Multistrada Arah Sarana Tbk.
0.74
0.87
2.68
23.
Mustika Ratu Tbk.
0.16
0.14
5.18
24
Multi Bintang Indonesia Tbk.
8.44
1.41
1.10
25
Supreme Cable Manufacturing anf
Commerce Tbk.
1.77
1.72
1.80
26
Semen Gresik Tbk .
0.26
0.29
0.35
27
Selamat Sempurna Tbk.
0.80
0.96
2.70
28
Tembaga Mulia Seamanan Tbk.
6.72
9.38
2.57
29
Mandom Indonesia Tbk.
0.13
0.10
0.11
30
Tempo Scan Pacific Tbk
0.34
0.36
0.40
31
Unilever Indonesia Tbk.
1.02
1.15
1.36
lampiran v
Firm Size (FS)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
14.49
14.67
14.81
2.
Arawana Citra Mulia Tbk
13.62
13.68
13.63
3.
Astra Internasional Tbk.
18.30
18.54
18.85
4.
Astra Auto Part Tbk.
15.35
15.54
15.76
5.
Indo Kordsa Tbk.
14.12
14.22
14.32
6.
Charoen Pokhphan Indonesia Tbk.
15.49
15.69
16.00
7.
Delta Jakarta Tbk.
13.54
13.47
13.45
8.
Darya-Varia Laboratoria Tbk
13.57
13.66
13.74
9.
Ekadharma Internasional Tbk.
12.01
12.23
12.38
10.
Fajar Surya Wisesa Tbk.
15.12
21.32
15.41
11.
GoodYear Indonesia Tbk.
13.94
4.95
13.98
12.
Gudang Garam Tbk.
17.12
17.24
17.48
13.
Gajah Tunggal Tbk.
16.00
16.15
16.26
14.
Hanjaya Mandala Sampoerna Tbk.
16.70
16.84
16.80
15.
Indofood CBP Sukses Makmur Tbk
17.51
17.67
17.80
16.
Indocement Tunggal Prakarsa. Tbk.
16.40
16.55
16.71
17.
Japfa Comfeed Indonesia Tbk.
15.62
15.76
15.93
18.
Kimia Farma Tbk.
14.26
14.32
14.40
19.
Kalbe Farma Tbk.
15.68
15.77
25.93
20.
Lion Metal Works Tbk.
12.51
12.62
12.81
21.
Lionmesh Prima Tbk.
11.20
11.27
11.49
22.
Multistrada Arah Sarana Tbk.
14.75
14.93
15.37
23.
Mustika Ratu Tbk.
12.81
12.86
12.95
24
Multi Bintang Indonesia Tbk.
13.81
13.94
12.02
25
Supreme Cable Manufacturing anf
Commerce Tbk.
13.86
13.96
14.19
26
Semen Gresik Tbk .
16.38
16.56
20.79
27
Selamat Sempurna Tbk.
13.76
13.88
43.94
28
Tembaga Mulia Seamanan Tbk.
13.81
14.02
10.20
29
Mandom Indonesia Tbk.
13.81
13.86
13.94
30
Tempo Scan Pacific Tbk
15.00
15.09
15.26
31
Unilever Indonesia Tbk.
15.83
15.99
16.17
lampiran vi
Growth Potential (GP)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
-1.04
20.29
13.40
2.
Arawana Citra Mulia Tbk
11.76
6.13
-4.77
3.
Astra Internasional Tbk.
10.15
26.89
36.03
4.
Astra Auto Part Tbk.
16.67
20.26
24.68
5.
Indo Kordsa Tbk.
-19.32
10.60
11.21
6.
Charoen Pokhphan Indonesia Tbk.
3.30
21.85
35.74
7.
Delta Jakarta Tbk.
8.90
-6.28
-1.75
8.
Darya-Varia Laboratoria Tbk
22.89
9.00
8.69
9.
Ekadharma Internasional Tbk.
17.30
23.83
16.20
10.
Fajar Surya Wisesa Tbk.
-1.27
22.44
9.81
11.
GoodYear Indonesia Tbk.
10.30
1.66
3.47
12.
Gudang Garam Tbk.
13.12
12.89
27.15
13.
Gajah Tunggal Tbk.
1.88
16.83
11.40
14.
Hanjaya Mandala Sampoerna Tbk.
9.81
15.85
-5.60
15.
Indofood CBP Sukses Makmur Tbk
1.99
17.07
13.35
16.
Indocement Tunggal Prakarsa. Tbk.
17.63
15.59
18.28
17.
Japfa Comfeed Indonesia Tbk.
12.73
14.99
18.23
18.
Kimia Farma Tbk.
8.09
6.06
8.26
19.
Kalbe Farma Tbk.
13.65
8.49
17.66
20.
Lion Metal Works Tbk.
7.20
11.99
20.37
21.
Lionmesh Prima Tbk.
17.49
7.37
25.34
22.
Multistrada Arah Sarana Tbk.
6.60
19.81
55.88
23.
Mustika Ratu Tbk.
3.06
5.67
9.35
24
Multi Bintang Indonesia Tbk.
5.53
14.46
7.36
25
Supreme Cable Manufacturing anf
Commerce Tbk.
-7.46
11.01
25.74
26
Semen Gresik Tbk .
22.15
20.17
26.34
27
Selamat Sempurna Tbk.
1.28
13.32
26.54
28
Tembaga Mulia Seamanan Tbk.
-15.11
24.39
18.23
29
Mandom Indonesia Tbk.
9.20
5.29
7.99
30
Tempo Scan Pacific Tbk
9.98
10.01
18.41
31
Unilever Indonesia Tbk.
15.07
16.25
20.64
lampiran vii
Dividend Payout Ratio (DPR)
2009-2011
(dalam persentase)
No.
Nama Perusahaan
2009
2010
2011
1.
Asahimas Flat Glass Tbk .
25.80
10.49
10.36
2.
Arawana Citra Mulia Tbk
20.11
34.83
38.36
3.
Astra Internasional Tbk.
33.47
13.24
37.55
4.
Astra Auto Part Tbk.
60.03
40.00
36.62
5.
Indo Kordsa Tbk.
78.01
41.93
40.92
6.
Charoen Pokhphan Indonesia Tbk.
39.92
4.81
29.15
7.
Delta Jakarta Tbk.
120.25
120.48
116.10
8.
Darya-Varia Laboratoria Tbk
34.87
30.30
29.18
9.
Ekadharma Internasional Tbk.
20.40
18.26
17.63
10.
Fajar Surya Wisesa Tbk.
20.59
39.40
22.47
11.
GoodYear Indonesia Tbk.
7.62
15.40
28.56
12.
Gudang Garam Tbk.
36.19
40.84
38.81
13.
Gajah Tunggal Tbk.
5.77
5.03
3.68
14.
Hanjaya Mandala Sampoerna Tbk.
65.91
111.94
68.05
15.
Indofood CBP Sukses Makmur Tbk
39.34
39.55
30.62
16.
Indocement Tunggal Prakarsa. Tbk.
30.16
30.02
29.95
17.
Japfa Comfeed Indonesia Tbk.
1.27
78.84
23.90
18.
Kimia Farma Tbk.
29.97
20.00
20.00
19.
Kalbe Farma Tbk.
27.33
55.27
62.66
20.
Lion Metal Works Tbk.
19.34
26.93
29.70
21.
Lionmesh Prima Tbk.
12.00
6.53
8.81
22.
Multistrada Arah Sarana Tbk.
3.50
3.48
8.58
23.
Mustika Ratu Tbk.
20.00
20.00
54.10
24
Multi Bintang Indonesia Tbk.
99.95
0.10
0.10
25
Supreme Cable Manufacturing and
Commerce Tbk.
33.40
30.45
31.82
26
Semen Gresik Tbk .
55.00
50.00
49.56
27
Selamat Sempurna Tbk.
97.53
52.64
98.49
28
Tembaga Mulia Seamanan Tbk.
23.88
56.88
17.46
29
Mandom Indonesia Tbk.
51.36
52.01
53.03
30
Tempo Scan Pacific Tbk
43.75
92.05
57.66
31
Unilever Indonesia Tbk.
100.01
100.02
63.03
lampiran viii
Statistik Deskriptif
Descriptive Statistics
N
DPR
FCF
ROA
DER
FS
GP
Valid N (listwise)
Minimum
93
93
93
93
93
93
.10
-1.12E7
.33
.10
4.95
-19.32
Maximum
120.48
1.78E8
86.31
9.38
43.94
55.88
Mean
39.3049
2.2053E6
20.9959
1.1851
15.2300
12.7026
Std. Deviation
29.43226
1.85546E7
16.32772
1.62469
3.90145
10.74716
93
lampiran ix
Uji Normalitas
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
Normal Parametersa
Most Extreme Differences
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
Mean
Std. Deviation
Absolute
Positive
Negative
93
.0000000
24.66713398
.101
.101
-.093
.969
.304
lampiran ix (lanjutan)
lampiran ix (lanjutan)
Uji Multikolinearitas
Collinearity Statistics
Model
1
Tolerance
VIF
(Constant)
FCF
.993
1.007
ROA
.902
1.108
DER
.988
1.012
FS
.826
1.210
GP
.907
1.103
Uji Heteroskedastisitas
Uji Autokorelasi
Model Summaryb
Model
R
R Square
a
1
.546
Adjusted R Square
.298
.257
Std. Error of the
Estimate
25.36606
a. Predictors: (Constant), GP, ROA, FCF, DER, FS
b. Dependent Variable: DPR
Uji Koefisien Determinasi (R2)
Model Summaryb
Model
1
R
R Square
.490a
Adjusted R Square
.240
a. Predictors: (Constant), GP, ROA, FCF, DER, FS
b. Dependent Variable: Abs_res
.196
Std. Error of the
Estimate
15.49402
Durbin-Watson
1.953
lampiran x
Hasil Pengujian Hipotesis
Hasil Uji t
Coefficientsa
Standardized
Coefficients
Unstandardized Coefficients
Model
1
B
(Constant)
Std. Error
Beta
4.547
10.773
FCF
1.812E-7
.000
ROA
.669
.170
DER
3.296
FS
GP
t
Sig.
.422
.674
.114
1.267
.208
.371
3.924
.000
1.637
.182
2.013
.047
1.583
.746
.210
2.124
.037
-.607
.258
-.222
-2.349
.021
a. Dependent Variable: DPR
Hasil Uji F
ANOVAb
Model
1
Sum of Squares
df
Mean Square
Regression
23716.693
5
4743.339
Residual
55979.010
87
643.437
Total
79695.703
92
a. Predictors: (Constant), GP, ROA, FCF, DER, FS
b. Dependent Variable: DPR
F
Sig.
7.372
.000a