Pengaruh Profitability Ratio dan Economic Value Added Terhadap Harga Saham Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2007 – 2012

  Lampiran 1

  15 IMAS PT Indomobil Sukses Internasional Tbk

  29 UNTR PT United Tractors Tbk

  28 TCID PT Mandom Indonesia Tbk

  27 SMSM PT Selamat Sempurna Tbk

  26 SMGR PT Semen Indonesia (Persero) Tbk

  25 SMCB PT Holcim Indonesia Tbk

  24 PYFA PT Pyridam Farma Tbk

  23 MLBI PT Multi Bintang Indonesia Tbk

  22 MERC PT Merck Tbk

  21 KLBF PT Kalbe Farma Tbk

  20 KAEF PT Kimia Farma (Persero) Tbk

  19 JPFA PT JAPFA Comfeed Indonesia Tbk

  18 INTP PT Indocement Tunggal Prakarsa Tbk

  17 INDS PT Indospring Tbk

  16 INAF PT Indofarma Tbk

  14 HEXA PT Hexindo Adiperkasa Tbk

  Data Perusahaan Manufaktur Yang Menjadi Sampel Penelitian

  13 GGRM PT Gudang Garam Tbk

  12 GDYR PT Goodyear Indonesia Tbk

  11 FAST PT Fast Food Indonesia Tbk

  10 DUTI Duta Pertiwi TBK

  9 CTBN PT Citra Tubindo Tbk

  8 CPIN PT Charoen Pokphand Indonesia Tbk

  7 CLPI PT Colorpak Indonesia Tbk

  6 BRNA PT Berlina Tbk

  5 ASII PT Astra International Tbk

  4 AUTO PT Astra Otoparts Tbk

  3 AMFG PT Asahimas Flat Glass Tbk

  2 ALMI PT Alumindo Light Metal Industry Tbk

  1 AKRA PT AKR Corporindo Tbk

  No Kode Nama Perusahaan

  30 UNVR PT Unilever Indonesia Tbk

  Lampiran 2

  15 IMAS 260 140 100 100 100 700

  29 UNTR 1090 1215 995 1875 2490 2135

  28 TCID 3950 3250 6450 7900 9050 900

  27 SMSM 430 550 490 1000 1200 2092

  26 SMGR 1750 4000 4900 8750 4800 5600

  25 SMCB 650 900 560 1930 1960 2125

  24 PYFA 810 580 960 105 260 400

  23 MLBI 510 400 690 1625 3241 620

  22 MERC 2150 2850 2755 3600 1200 1450

  21 KLBF 1260 850 1010 2100 3375 755

  20 KAEF 305 166 148 126 180 620

  19 JPFA 740 530 650 750 4975 495

  18 INTP 1170 1170 910 1000 4100 3500

  17 INDS 820 545 775 1580 1705 8500

  16 INAF 1450 1180 1120 2700 4950 475

  14 HEXA 740 3175 2400 4900 6900 905

  Daftar Harga Saham Perusahaan Manufaktur Yang Menjadi Sampel Penelitian Periode 2007 – 2012

  5 AUTO 295 373 312 1445 325 3425

  No . Kode

  Harga Saham 2007 2008 2009 2010 2011 2012

  1 AKRA 585 1050 820 1060 2125 3475

  2 ALMI 950 800 560 800 770 1270

  3 AMFG 2500 2750 1420 1600 5800 750

  4 ASII 1680 1925 2380 4830 635.5 685

  6 BRNA 990 1140 630 980 1580 465

  13 GGRM 850 645 1225 3420 4000 5335

  7 CLPI 1520 1650 1640 490 1130 1710

  8 CPIN 1520 1000 650 3550 1990 343

  9 CTBN 3000 3000 310 250 275 4950

  10 DUTI 940 1100 820 800 1900 2150

  11 FAST 1900 2500 3000 6500 9800 1300

  12 GDYR 1300 1270 750 1250 1030 1120

  30 UNVR 675 675 925 1700 1490 2290

  Lampiran 3

  15 IMAS 0,6 0,8 0,27 0,3516 0,1738 0,1546

  29 UNTR 0,289 0,316 0,306 0,257 0,27 0,193

  28 TCID 0,1651 0,1407 0,1415 0,1386 0,1372 0,1371

  27 SMSM 0,17 0,17 0,27 0,29 0,32 0,36

  26 SMGR 0,26 0,31 0,32 0,303 0,271 0,279

  25 SMCB 0,8 0,1 0,27 0,12 0,14 0,16

  24 PYFA 0,26 0,33 0,51 0,54 0,628 0,605

  23 MLBI 0,43 0,65 3,24 0,94 0,96 0,95

  22 MERC 0,3193 0,3013 0,4142 0,3272 0,4678 0,2587

  21 KLBF 0,23 0,24 0,1939 0,2229 0,2275 0,2352

  20 KAEF 0,575 0,584 0,628 0,1245 0,1371 0,1438

  19 JPFA 0,216 0,233 0,388 0,312 0,186 0,228

  18 INTP 0,15 0,23 0,29 0,27 0,249 0,271

  17 INDS 0,126 0,293 0,355 0,309 0,19 0,118

  16 INAF 0,6 0,8 0,27 0,3516 0,1783 0,1546

  14 HEXA 0,282 0,572 0,494 0,441 0,519 0,393

  Daftar Return on Equity (ROE) Perusahaan Manufaktur Yang Menjadi Sampel Penelitian Periode 2007 – 2012

  13 GGRM 0,1023 0,1212 0,1896 0,1976 0,2019 0,1529

  12 GDYR 0,14 0,1 0,29 0,16 0,5 0,13

  11 FAST 0,43 0,44 0,58 0,65 0,79 0,76

  10 DUTI 0,3 0,2 0,9 0,1 0,214 0,37

  9 CTBN 0,26 0,21 0,13 0,16 0,34 0,24

  8 CPIN 0,1739 0,1924 0,5498 0,4957 0,3823 0,33

  7 CLPI 0,4 0,222 0,268 0,211 0,18 0,219

  6 BRNA 0,7 0,11 0,1 0,16 0,16 0,16

  5 AUTO 0,201 0,213 0,239 0,296 O,16 0,21

  4 ASII 0,24 0,28 0,25 0,29 0,28 0,25

  3 AMFG 0,118 0,153 0,44 0,179 0,157 0,141

  2 ALMI 0,71 0,1 0,57 0,86 0,63 0,24

  1 AKRA 0,15 0,131 0,158 0,132 0,664 0,16

  No. Kode Return On Equity 2007 2008 2009 2010 2011 2012

  30 UNVR 0,324 0,334 0,454 0,564 0,70 0,78

  Lampiran 4

  IMAS 0,1 0,23 0,118 0,449 0,695 0,29

  0,591 0,590 0,62 0,654 0,694 0,694 UNTR 0,327

  0,329 0,54 0,61 0,864 0,95 TCID

  SMGR 0,299 0,426 0,566 0,613 0,662 0,817 SMSM 0,376

  SMCB 0,12 0,1 0,37 0,33 0,4 0,56

  PYFA 0,335 0,432 0,705 0,785 0,967 0,992

  MLBI 0,18 0,47 0,8 0,85 0,96 0,89

  0,7 0,73 0,60 0,856 0,98 0,23 MERC 0,3395 0,4403 0,6549 0,5303 0,1 0,4408

  KAEF 0,21 0,22 0,29 0,6 0,75 0,9 KLBF

  JPFA 0,121 0,17 0,393 0,393 0,186 0,228

  INTP 0,3 0,6 0,9 0,23 0,55 0,16

  INDS 0,2 0,65 0,76 0,88 0,75 0,5

  INAF 0,3 0,15 0,69 0,23 0,67 0,87

  0,29 0,63 0,8 0,98 0,8 HEXA 0,67 0,304 0,4 0,5 0,8 0,9

  Earning Per Share (EPS) Perusahaan Manufaktur Yang Menjadi Sampel Penelitian Periode 2007 – 2012

  GDYR 0,1 0,2 0,28 0,18 0,5 0,16 GGRM 0,22

  FAST 0,23 0,28 0,408 0,447 0,505 0,448

  DUTI 0,4 0,2 0,55 0,57 0,7 0,97

  CTBN 0,55 0,5 0,375 0,43 0,9 0,9

  CPIN 0,1 0,15 0,45 0,65 0,7 0,8

  CLPI 0,32 0,65 0,101 0,93 0,91 0,95

  0,734 0,8 0,9 0,261 0,273 BRNA 0,15 0,14 0,146 0,251 0,29 0,39

  0,161 0,227 0,248 0,3559 0,439 0,49 AUTO 0,59

  0,524 0,155 0,763 0,776 0,779 ASII

  0,1031 0,1483 0,085 0,142 0,178 0,045 AMFG 0,357

  AKRA 0,6128 0,6723 0,8589 0,8326 0,6059 0,1689 ALMI

  Kode Earning Per Share (EPS) 2007 2008 2009 2010 2011 2012

  0,552 0,71 0,73 0,98 0,9 UNVR 0,257 0,315 0,399 0,44 0,546 0,634

• 89952 -133295 153623 43162 248553 373672
• 397445 238747 163959 159816 262745 320670
• 507541 -433285 995200 533424 565697 -126509

  22 MERC 814534 795769 179218 111383 -154123 190149

  16 INAF 18338 251078 381895 212056 210764 181067

  17 INDS 196894 105379 363319 449939 386007 341389

  18 INTP 694311 319151 267106 220935 54284 207228

  19 JPFA

  20 KAEF 109008 251812 240347 247605 137783 152322

  21 KLBF 642446 127744 293659 221451 347128 346151

  23 MLBI

  14 HEXA 52281 173284 178583 178505 386487 309638

  24 PYFA 501128 299604 721620 -177456 434446 735757

  25 SMCB 238542 514063 -45686 95436 153353 177900

  26 SMGR 183334 343651 356851 393963 409182 744179

  27 SMSM 368073 542528 536504 718930 596549 523175

  28 TCID 10278 805539 101911 718930 719420 121876

  29 UNTR 680931 100997 849963 125595 148000 132679

  15 IMAS

  13 GGRM 607250 692942 106503 120333 178238 147398

  30 UNVR 856301 112689 143160 170461 257040 304706

  4 ASII 7420 9450 7200 2320 -1720 -3710

  Lampiran 5

  Economic Value Added (EVA) Perusahaan Manufaktur Yang Menjadi Sampel Penelitian Periode 2007 – 2012

  No. Kode Economic Value Added (EVA) 2007 2008 2009 2010 2011 2012

  1 AKRA 125587 240762 163157 161020 241800 261964

  2 ALMI 292954 809942 -216329 436542 111458 947951

  3 AMFG 38117 40029 8361 34923 17654 22675

  5 AUTO

  12 GDYR 159085 432595 109310 433451 137245 451813

  6 BRNA

  7 CLPI 698671 171760 131262 128362 177865 188670

  8 CPIN 161151 422179 373591 418980 347709 457576

  9 CTBN 504274 822987 458721 105482 151704 109462

  10 DUTI

  11 FAST 229487 158773 395780 420010 488881 418199

• 560406 558124 -263215 -533820 263270 237395
• 560406 558124 -263215 -533820 263270 237395
• 2984 47853 320669 255654 272282 308065

  Lampiran 6

  Analisis Statistik Deskriptif Tahun 2007 - 2012

  ROE EPS EVA HARGA_SAHAM Mean 67.07778 69.76111

  2.08E+10 1839.536 Median

  69.5 69.5 10938687 1155 Maximum 139 136

  3.47E+11 9800 Minimum

  1 1 -5.34E+10 100 Std. Dev. 38.82211 40.5051

  6.28E+10 1853.651 Skewness 0.082878 0.0066 3.723059 2.042495 Kurtosis 1.875897 1.695988 17.08002 7.384319 Jarque-Bera 9.683114 12.75466 1902.686 269.3205 Probability 0.007895 0.0017 Sum 12074 12557

  3.75E+12 331116.5 Sum Sq. Dev. 269780.9 293678.7

  7.07E+23

  6.15E+08 Observations 180 180 180 180

  (Sumber : Output Eviews7, Diolah Penulis 2014)

  Lampiran 7

  

Hasil Uji Normalitas

  30 Series: Residuals Sample 1 180

  25 Observations 180 Mean 1.64e-14

  20 Median -513.5849 Maximum 7487.233

  15 Minimum -2173.046 Std. Dev. 1817.930 Skewness 2.010439

  10 Kurtosis 7.365847

  5 Jarque-Bera 264.2106 Probability 0.000000

• 2000 -1000 1000 2000 3000 4000 5000 6000 7000

  (Sumber : Output Eviews7, Diolah Penulis 2014) Hasil Uji Multikolinearitas

  ROE EPS EVA ROE 1.000000 0.029538 -0.055907

  EPS 0.029538 1.000000 0.132486 EVA -0.055907 0.132486 1.000000

  (Sumber : Output Eviews 7, Diolah Penulis 2014)

  Lampiran 8

  Hasil Uji Autokorelasi Test Equation: Dependent Variable: RESID Method: Least Squares Date: 01/20/15 Time: 19:01 Sample: 1 180 Included observations: 180 Presample missing value lagged residuals set to zero.

  

Variable Coefficient Std. Error t-Statistic Prob.

  ROE -0.301785 3.308225 -0.091223 0.9274 EPS 2.465597 3.238971 0.761229 0.4476 EVA

4.62E-10

  2.05E-09 0.225688 0.8217 C -162.1056 339.6688 -0.477246 0.6338

RESID(-1) 0.356453 0.075806 4.702175 0.0000

RESID(-2) 0.076085 0.077642 0.979947 0.3285

  R-squared 0.149787 Mean dependent var

  3.01E-13 Adjusted R-squared 0.125356 S.D. dependent var 1817.930 S.E. of regression 1700.172 Akaike info criterion 17.74761 Sum squared resid

  5.03E+08 Schwarz criterion 17.85404 Log likelihood -1591.285 Hannan-Quinn criter. 17.79076 F-statistic 6.130932 Durbin-Watson stat 1.991361 Prob(F-statistic) 0.000029 ( Sumber : Output Eviews 7, Diolah Penulis 2014)

  Lampiran 9

  Hasil Uji Heteroskedasitas 10,000 8,000 6,000 4,000 2,000 8,000

  6,000 4,000 2,000

• 2,000
• 4,000

  25

  50 75 100 125 150 175 Residual Actual Fitted (Sumber : Output Eviews 7, Diolah Penulis 2014)

  Lampiran 10

  Uji White Heteroskedasitas Heteroskedasticity Test: Breusch-Pagan-Godfrey

F-statistic 0.840245 Prob. F(3,176) 0.4735

Obs*R-squared 2.541621 Prob. Chi-Square(3) 0.4678

Scaled explained SS 7.734234 Prob. Chi-Square(3) 0.0518

Test Equation: Dependent Variable: RESID^2 Method: Least Squares Date: 01/20/15 Time: 21:06 Sample: 1 180 Included observations: 180

  Variable Coefficient Std. Error t-Statistic Prob.

  C 1400501. 1624986. 0.861854 0.3899 ROE 11658.41 16066.88 0.725618 0.4690 EPS 18329.08 15511.96 1.181610 0.2390

EVA -8.38E-06

  1.00E-05 -0.837249 0.4036

R-squared 0.014120 Mean dependent var 3286508.

  

Adjusted R-squared -0.002685 S.D. dependent var 8315195.

S.E. of regression 8326350. Akaike info criterion 34.72972

Sum squared resid

  1.22E+16 Schwarz criterion 34.80067

Log likelihood -3121.675 Hannan-Quinn criter. 34.75849

F-statistic 0.840245 Durbin-Watson stat 1.457280

Prob(F-statistic) 0.473498

  (Sumber : Output Eviews7, Diolah Penulis 2014)

  Lampiran 11

  Hasil Analisis Regresi Dependent Variable: HARGA_SAHAM Method: Least Squares Date: 01/20/15 Time: 21:39 Sample: 1 180 Included observations: 180 Variable Coefficient Std. Error t-Statistic Prob.

  ROE 6.150978 3.537726 1.738681 0.0838 EPS 6.390485 3.415538 1.871004 0.0630

EVA -1.33E-09

  2.20E-09 -0.603023 0.5473 C 1008.836 357.8016 2.819539 0.0054

R-squared 0.038170 Mean dependent var 1839.536

Adjusted R-squared 0.021775 S.D. dependent var 1853.651

S.E. of regression 1833.358 Akaike info criterion 17.88766

Sum squared resid

  5.92E+08 Schwarz criterion 17.95861

Log likelihood -1605.889 Hannan-Quinn criter. 17.91643

F-statistic 2.328180 Durbin-Watson stat 1.241487

Prob(F-statistic) 0.076197

  (Sumber: Output Eviews 7, Diolah Penulis 2014)

Hasil Uji F

  Dependent Variable: HARGA_SAHAM Method: Least Squares Date: 01/20/15 Time: 21:39 Sample: 1 180 Included observations: 180 Variable Coefficient Std. Error t-Statistic Prob.

  ROE 6.150978 3.537726 1.738681 0.0838 EPS 6.390485 3.415538 1.871004 0.0630

EVA -1.33E-09

  2.20E-09 -0.603023 0.5473 C 1008.836 357.8016 2.819539 0.0054

R-squared 0.038170 Mean dependent var 1839.536

Adjusted R-squared 0.021775 S.D. dependent var 1853.651

S.E. of regression 1833.358 Akaike info criterion 17.88766

Sum squared resid

  5.92E+08 Schwarz criterion 17.95861

Log likelihood -1605.889 Hannan-Quinn criter. 17.91643

F-statistic 2.328180 Durbin-Watson stat 1.241487

Prob(F-statistic) 0.076197

  Lampiran 12

  Hasil Uji t Dependent Variable: HARGA_SAHAM Method: Least Squares Date: 01/20/15 Time: 21:39 Sample: 1 180 Included observations: 180 Variable Coefficient Std. Error t-Statistic Prob.

  ROE 6.150978 3.537726 1.738681 0.0838 EPS 6.390485 3.415538 1.871004 0.0630

EVA -1.33E-09

  2.20E-09 -0.603023 0.5473 C 1008.836 357.8016 2.819539 0.0054

R-squared 0.038170 Mean dependent var 1839.536

Adjusted R-squared 0.021775 S.D. dependent var 1853.651

S.E. of regression 1833.358 Akaike info criterion 17.88766

Sum squared resid

  5.92E+08 Schwarz criterion 17.95861

Log likelihood -1605.889 Hannan-Quinn criter. 17.91643

F-statistic 2.328180 Durbin-Watson stat 1.241487

Prob(F-statistic) 0.076197

  (Sumber : Output Eviews 7,Diolah Penulis 2014)