Net Profit Margin (NPM)

  64   Lampiran 1 Daftar Perusahaan Barang Konsumsi Yang Menjadi Sampel

     Sampel 17

  18. Ultra Jaya Milk Tbk ULTJ

     Sampel 12

  19. BAT Indonesia Tbk BATI 

  X

   20. Bentoel International Investama Tbk RMBA

     Sampel 13

  21. Gudang Garam Tbk GGRM

     Sampel 14

  22. HM Sampoerna Tbk HMSP    Sampel 15

  23. Taisho Pharmaceutical Indonesia Tbk SQBI

     Sampel 16

  24. Darya-Varia Laboratoria Tbk DVLA

  25. Indofarma Tbk

   17. Tiga Pilar Sejahtera Food Tbk AISA

  INAF    Sampel 18

  26. Kalbe Farma Tbk KLBF    Sampel 19

  27. Kimia Farma Tbk KAEF

     Sampel 20

  28. Merck Tbk MERK    Sampel 21

  29. Pyridam Farma Tbk PYFA    Sampel 22

  30. Schering Plough Indonesia Tbk SCPI

     Sampel 23

  31. Tempo Scan Pacific Tbk TSPC

     Sampel 24

  32. Mandom Indonesia Tbk TCID    Sampel 25

  33. Martina Berto Tbk MBTO X  

  34. Mustika Ratu Tbk MRAT

     Sampel 11

  X

  NO. Nama Perusahaan Kode Kriteria Penentuan

  X  

  Sampel Sampel 1 2 3

  1. Akasha Wira International Tbk ADES

     Sampel 1

  2. Aqua Golden Mississippi Tbk AQUA 

  X

   3. Cahaya Kalbar Tbk CEKA

     Sampel 2

  4. Davomas Abadi Tbk DAVO

     Sampel 3

  5. Delta Djakarta Tbk DLTA

     Sampel 4

  6. Indofood CBP Sukses Makmur Tbk

  ICBP

  7. Indofood Sukses Makmur Tbk

  16. Suba Indah Tbk SUBA 

  INDF

     Sampel 5

  8. Mayora Indah Tbk MYOR

     Sampel 6

  9. Multi Bintang Indonesia Tbk MLBI    Sampel 7

  10. Nippon Indosari corpindo Tbk ROTI X  

  11. Prasidha Aneka Niaga Tbk PSDN

     Sampel 8

  12. Sari Husada Tbk SHDA 

  X

   13. Sekar Bumi Tbk SKBM  X 

  14. Sekar Laut Tbk SKLT    Sampel 9

  15. Siantor Top Tbk STTP    Sampel 10

     Sampel 26

  65  

  7 Multi Bintang Indonesia Tbk MLBI 0.167 0.21 0.247 0.273

  19 Kalbe Farma Tbk KLBF 0.09 0.102 0.126 0.141

  INAF 0.003 0.002 0.012 0.031

  18 Indofarma Tbk

  17 Darya-Varia Laboratoria Tbk DVLA 0.123 0.083 0.119 0.124

  16 Taisho Pharmaceutical Indonesia Tbk SQBI 0.262 0.312 0.305 0.351

  15 HM Sampoerna Tbk HMSP 0.112 0.131 0.148 0.152

  14 Gudang Garam Tbk GGRM 0.062 0.105 0.11 0.118

  0.03

  13 Bentoel International Investama Tbk RMBA 0.04 0.004 0.025

  12 Ultra Jaya Milk Tbk ULTJ 0.223 0.038 0.057 0.048

  11 Tiga Pilar Sejahtera Food Tbk AISA 0.059 0.071 0.106 0.086

  10 Siantor Top Tbk STTP 0.008 0.065 0.056 0.042

  9 Sekar Laut Tbk SKLT 0.013 0.047 0.016 0.017

  8 Prasidha Aneka Niaga Tbk PSDN 0.013 0.054 0.014 0.019

  6 Mayora Indah Tbk MYOR 0.05 0.078 0.067 0.051

  35. Sara Lee Body Care Indonesia Tbk PROD X 

  anguage/id-ID/Default.aspx diakses pada Februari 2013 Lampiran 2 Data Variabel Penelitian ( Sebelum Transformasi)

  36. Unilever Indonesia Tbk UNVR    Sampel 27

  37. Kedaung Indah Can Tbk KICI

     Sampel 28

  38. Kedawung Setia Industrial Tbk KDSI    Sampel 29

  39. Langgeng Makmur Ind. Tbk LMPI

     Sampel 30 Sumber:http://www.idx.co.id/Home/ListedCompanies/ReportDocument/tabid/91/l

  Net Profit Margin (NPM) Tahun 2008 – 2011 NO. Nama Perusahaan Kode Tahun 2008 2009 2010 2011

  INDF 0.027 0.056 0.077 0.111

  1 Akasha Wira International Tbk ADES -0.12 0.119 0.146 0.087

  2 Cahaya Kalbar Tbk CEKA 0.014 0.041 0.042 0.078

  3 Davomas Abadi Tbk DAVO -0.15 -0.56 -0.02 -0.17

  4 Delta Djakarta Tbk DLTA 0.125 0.171 0.255

  0.27

  5 Indofood Sukses Makmur Tbk

  20 Kimia Farma Tbk KAEF 0.02 0.022 0.044 0.049

  66  

  14 Gudang Garam Tbk GGRM 0.078 0.127 0.135 0.127

  8 Prasidha Aneka Niaga Tbk PSDN 0.031 0.09 0.031 0.057

  9 Sekar Laut Tbk SKLT 0.02 0.066 0.025 0.028

  10 Siantor Top Tbk STTP 0.008 0.075 0.066 0.046

  11 Tiga Pilar Sejahtera Food Tbk AISA 0.029 0.028 0.039 0.042

  12 Ultra Jaya Milk Tbk ULTJ 0.175 0.035 0.053 0.046

  13 Bentoel International Investama Tbk RMBA 0.054 0.006 0.045 0.048

  15 HM Sampoerna Tbk HMSP 0.241 0.287 0.313 0.416

  6 Mayora Indah Tbk MYOR 0.067 0.115 0.11 0.073

  16 Taisho Pharmaceutical Indonesia Tbk SQBI 0.319 0.411 0.291 0.331

  17 Darya-Varia Laboratoria Tbk DVLA 0.111 0.092 0.13

  0.13

  18 Indofarma Tbk

  INAF 0.005 0.003 0.018 0.033

  19 Kalbe Farma Tbk KLBF 0.124 0.143 0.183 0.186

  20 Kimia Farma Tbk KAEF 0.038 0.04 0.084 0.096

  7 Multi Bintang Indonesia Tbk MLBI 0.236 0.342 0.39 0.415

  INDF 0.026 0.051 0.062 0.094

  21 Merck Tbk MERK 0.155 0.196 0.149 0.251

  29 Kedawung Setia Industrial Tbk KDSI 0.006 0.011 0.015

  22 Pyridam Farma Tbk PYFA 0.017 0.03 0.028 0.033

  23 Schering Plough Indonesia Tbk SCPI 0.034 0.039 -0.03 -0.09

  24 Tempo Scan Pacific Tbk TSPC 0.088 008 0.095 0.101

  25 Mandom Indonesia Tbk TCID 0.093 0.09 0.089 0.085

  26 Mustika Ratu Tbk MRAT 0.071 0.061 0.065 0.064

  27 Unilever Indonesia Tbk UNVR 0.155 0.167 0.172 0.177

  28 Kedaung Indah Can Tbk KICI 0.032 -0.06 0.037 0.004

  0.02

  5 Indofood Sukses Makmur Tbk

  30 Langgeng Makmur Ind. Tbk LMPI 0.009 0.016 0.007

  0.01 Sumber: Data Olahan SPSS, 2013 Lampiran 2 (lanjutan)

  Return On Asset (ROA) Tahun 2008 – 2011 NO. Nama Perusahaan Kode Tahun 2008 2009 2010 2011

  1 Akasha Wira International Tbk ADES -0.08 0.09 0.099 0.082

  2 Cahaya Kalbar Tbk CEKA 0.046 0.086 0.035 0.117

  3 Davomas Abadi Tbk DAVO -0.14 -0.08 -0.01 -0.05

  4 Delta Djakarta Tbk DLTA 0.12 0.167 0.197 0.218

  21 Merck Tbk MERK 0.264 0.339 0.274 0.396

  67  

  14 Gudang Garam Tbk GGRM 0.121 0.189 0.196 0.202

  8 Prasidha Aneka Niaga Tbk PSDN 0.097 0.256 0.094 0.117

  9 Sekar Laut Tbk SKLT 0.04 0.115 0.042 0.049

  10 Siantor Top Tbk STTP 0.014 0.101 0.096 0.088

  11 Tiga Pilar Sejahtera Food Tbk AISA 0.074 0.089 0.13 0.082

  12 Ultra Jaya Milk Tbk ULTJ 0.268 0.051 0.082 0.072

  13 Bentoel International Investama Tbk RMBA 0.138 0.014 0.103 0.136

  15 HM Sampoerna Tbk HMSP 0.484 0.287 0.629 7.893

  0.2

  16 Taisho Pharmaceutical Indonesia Tbk SQBI 0.437 0.498 0.346 0.396

  17 Darya-Varia Laboratoria Tbk DVLA 0.14 0.13 0.173 0.166

  18 Indofarma Tbk

  INAF 0.017 0.007 0.042 0.061

  19 Kalbe Farma Tbk KLBF 0.195 0.216 0.239 0.236

  20 Kimia Farma Tbk KAEF 0.058 0.063 0.125 0.137

  21 Merck Tbk MERK 0.303 0.415 0.328 0.468

  7 Multi Bintang Indonesia Tbk MLBI 0.645 3.238 0.941 0.957

  6 Mayora Indah Tbk MYOR 0.157 0.235 0.243

  22 Pyridam Farma Tbk PYFA

  28 Kedaung Indah Can Tbk KICI 0.035 -0.06 0.035 0.004

  0.02 0.04 0.04 0.042

  23 Schering Plough Indonesia Tbk SCPI 0.035 0.053 -0.03 -0.08

  24 Tempo Scan Pacific Tbk TSPC 0.108 0.11 0.136 0.138

  25 Mandom Indonesia Tbk TCID 0.126 0.126 0.125 0.124

  26 Mustika Ratu Tbk MRAT 0.062 0.057 0.062 0.062

  27 Unilever Indonesia Tbk UNVR 0.37 0.407 0.389 0.396

  29 Kedawung Setia Industrial Tbk KDSI 0.012 0.02 0.03 0.041

  INDF 0.122 0.204 0.176 0.159

  30 Langgeng Makmur Ind. Tbk LMPI 0.005 0.011 0.005 0.007 Sumber: Data Olahan SPSS, 2013 Lampiran 2 (lanjutan)

  Return On Equity (ROE) Tahun 2008 – 2011 NO. Nama Perusahaan Kode Tahun 2008 2009 2010 2011

  1 Akasha Wira International Tbk ADES -0.29 0.235 0.32 0.206

  2 Cahaya Kalbar Tbk CEKA 0.113 0.162 0.097 0.237

  3 Davomas Abadi Tbk DAVO -0.76 -0.51 -0.03 -0.14

  4 Delta Djakarta Tbk DLTA 0.162 0.215 0.242 0.265

  5 Indofood Sukses Makmur Tbk

  22 Pyridam Farma Tbk PYFA 0.029 0.055 0.052 0.061

  23 Schering Plough Indonesia Tbk SCPI 0.875 0.55 -0.67 -1.14

  24 Tempo Scan Pacific Tbk TSPC 0.144 0.149 0.188 0.192

  25 Mandom Indonesia Tbk TCID 0.141 0.142 0.138 0.137

  26 Mustika Ratu Tbk MRAT 0.072 0.066 0.071 0.073

  27 Unilever Indonesia Tbk UNVR 0.776 0.822 0.837 1.126

  28 Kedaung Indah Can Tbk KICI 0.045 -0.08 0.047 0.006

  29 Kedawung Setia Industrial Tbk KDSI 0.026 0.046 0.066 0.086

  30 Langgeng Makmur Ind. Tbk LMPI 0.008 0.018 0.007 0.012 Sumber: Data Olahan SPSS, 2013 Lampiran 2 (lanjutan)

  Return On Investment (ROI) Tahun 2008 – 2011 NO. Nama Perusahaan Kode Tahun 2008 2009 2010 2011

  1 Akasha Wira International Tbk ADES -0.083 0.092 0.098 0.082

  2 Cahaya Kalbar Tbk CEKA 0.047 0.089 0.035 0.117

  3 Davomas Abadi Tbk DAVO -0.142 -0.081 -0.001 -0.052

  4 Delta Djakarta Tbk DLTA 0.12 0.173 0.206 0.218

  5 Indofood Sukses Makmur Tbk

  INDF 0.027 0.071 0.083 0.091

  6 Mayora Indah Tbk MYOR 0.068 0.118 0.114 0.073

  7 Multi Bintang Indonesia Tbk MLBI 0.237 0.343 0.390 0.416

  8 Prasidha Aneka Niaga Tbk PSDN 0.033 0.127 0.062 0.057

  9 Sekar Laut Tbk SKLT 0.022 0.065 0.024 0.028

  10 Siantor Top Tbk STTP 0.001 0.075 0.066 0.046

  11 Tiga Pilar Sejahtera Food Tbk AISA 0.029 0.022 0.041 0.042

  12 Ultra Jaya Milk Tbk ULTJ 0.187 0.035 0.053 0.050

  13 Bentoel International Investama Tbk RMBA 0.054 -0.031 0.045 0.049

  14 Gudang Garam Tbk GGRM 0.079 0.127 0.135 0.153

  15 HM Sampoerna Tbk HMSP 0.242 0.288 0.313 0.481

  16 Taisho Pharmaceutical Indonesia Tbk SQBI 0.320 0.412 0.289 0.332

  17 Darya-Varia Laboratoria Tbk DVLA 0.112 0.092 0.130 0.130

  18 Indofarma Tbk

  INAF 0.006 0.003 0.017 0.033

  19 Kalbe Farma Tbk KLBF 0.134 0.162 0.191 0.184

  20 Kimia Farma Tbk KAEF 0.039 0.040 0.084 0.096

  21 Merck Tbk MERK 0.263 0.338 0.273 0.396

  22 Pyridam Farma Tbk PYFA 0.024 0.038 0.042 0.044

  23 Schering Plough Indonesia Tbk SCPI 0.034 0.053 -0.035 0.025

  68  

  69  

  0.44

  0.2

  0.19

  0.21

  0.37

  16 Taisho Pharmaceutical Indonesia Tbk SQBI

  8.99

  1.01

  0.69

  1

  15 HM Sampoerna Tbk HMSP

  0.59

  0.48

  0.26

  0.55

  14 Gudang Garam Tbk GGRM

  1.82

  1.3

  1.45

  1.58

  13 Bentoel International Investama Tbk RMBA

  0.55

  0.54

  0.45

  0.53

  17 Darya-Varia Laboratoria Tbk DVLA

  0.41

  0.96

  21 Merck Tbk MERK 0.15 0.23 0.2 0.18

  0.36

  0.34

  0.29

  24 Tempo Scan Pacific Tbk TSPC

  13.47

  23 Schering Plough Indonesia Tbk SCPI 22,9 9.49 18.28

  0.43

  0.3

  0.37

  0.42

  22 Pyridam Farma Tbk PYFA

  0.43

  0.33

  0.49

  0.57

  0.53

  20 Kimia Farma Tbk KAEF

  0.27

  0.23

  0.39

  0.38

  19 Kalbe Farma Tbk KLBF

  INAF 2.26 1.44 1.36 0.83

  18 Indofarma Tbk

  0.28

  12 Ultra Jaya Milk Tbk ULTJ

  2.34

  24 Tempo Scan Pacific Tbk TSPC 0.110 0.111 0.138 0.138

  1.45

  0.27

  0.34

  4 Delta Djakarta Tbk DLTA

  2.19

  1.96

  5.28

  4.45

  3 Davomas Abadi Tbk DAVO

  1.03

  1.75

  0.89

  2 Cahaya Kalbar Tbk CEKA

  0.22

  1.51

  2.25

  1.61

  2.57

  1 Akasha Wira International Tbk ADES

  Debt to Equity Ratio (DER) Tahun 2008 - 2011 NO. Nama Perusahaan Kode Tahun 2008 2009 2010 2011

  30 Langgeng Makmur Ind. Tbk LMPI 0.005 0.012 0.005 0.008 Sumber: Data Olahan SPSS, 2013 Lampiran 2 (lanjutan)

  29 Kedawung Setia Industrial Tbk KDSI 0.012 0.020 0.031 0.026

  28 Kedaung Indah Can Tbk KICI 0.036 -0.062 0.038 -0.012

  27 Unilever Indonesia Tbk UNVR 0.371 0.401 0.390 0.357

  26 Mustika Ratu Tbk MRAT 0.063 0.058 0.064 0.060

  25 Mandom Indonesia Tbk TCID 0.127 0.126 0.126 0.127

  0.2

  5 Indofood Sukses Makmur Tbk

  2.14

  1.3

  1.6

  11 Tiga Pilar Sejahtera Food Tbk AISA

  10 Siantor Top Tbk STTP 0.72 0.36 0.45 0.91

  0.74

  0.69

  9 Sekar Laut Tbk SKLT 1 0.73

  1.04

  1.6

  1.44

  1.63

  8 Prasidha Aneka Niaga Tbk PSDN

  1.41

  INDF

  8.44

  1.73

  7 Multi Bintang Indonesia Tbk MLBI

  1.72

  1.18

  1.03

  1.32

  6 Mayora Indah Tbk MYOR

  0.7

  1.34

  2.45

  3.11

  0.4

  70  

  14 Gudang Garam Tbk GGRM 4250 21550 40000 62050

  50

  4 Delta Djakarta Tbk DLTA 20000 62000 120000 111500

  5 Indofood Sukses Makmur Tbk

  INDF 930 3550 4875 4600

  6 Mayora Indah Tbk MYOR 1140 4500 10.750 14250

  7 Multi Bintang Indonesia Tbk MLBI 49500 177000 274950 359000

  8 Prasidha Aneka Niaga Tbk PSDN 100 110 80 310

  9 Sekar Laut Tbk SKLT 90 150 140 140

  10 Siantor Top Tbk STTP 150 250 385 690

  11 Tiga Pilar Sejahtera Food Tbk AISA 425 360 780 495

  12 Ultra Jaya Milk Tbk ULTJ 800 580 1210 1080

  13 Bentoel International Investama Tbk RMBA 520 650 800 790

  15 HM Sampoerna Tbk HMSP 8100 10440 28150 39000

  50

  16 Taisho Pharmaceutical Indonesia Tbk SQBI 10500 10500 10500 10500

  17 Darya-Varia Laboratoria Tbk DVLA 960 1530 1170 1150

  18 Indofarma Tbk

  INAF

  50

  83 80 163

  19 Kalbe Farma Tbk KLBF 400 1300 3250 3.400

  20 Kimia Farma Tbk KAEF 76 127 159 340

  21 Merck Tbk MERK 35500 80000 96500 132500

  22 Pyridam Farma Tbk PYFA 50 110 127 176

  23 Schering Plough Indonesia Tbk SCPI 10350 39000 37900 25000

  24 Tempo Scan Pacific Tbk TSPC 400 730 1.710 2550

  25 Mandom Indonesia Tbk TCID 5500 8100 7200 7700

  74

  58

  25 Mandom Indonesia Tbk TCID

  0.34

  0.12

  0.13

  0.1

  0.11

  26 Mustika Ratu Tbk MRAT

  0.17

  0.16

  0.14

  0.18

  27 Unilever Indonesia Tbk UNVR 1.1 1.02 1.15 1.85

  28 Kedaung Indah Can Tbk KICI

  0.31

  0.39

  0.36

  3 Davomas Abadi Tbk DAVO

  29 Kedawung Setia Industrial Tbk KDSI

  1.13

  1.31

  1.18

  1.1

  30 Langgeng Makmur Ind. Tbk LMPI

  0.43

  0.36

  0.52

  0.68 Sumber: Data Olahan SPSS, 2013 Lampiran 2 (lanjutan)

  Harga Saham Perusahaan Tahun 2008 - 2011 NO. Nama Perusahaan Kode Tahun 2008 2009 2010 2011

  1 Akasha Wira International Tbk ADES 225 640 1620 1010

  2 Cahaya Kalbar Tbk CEKA 700 1490 1100 950

  26 Mustika Ratu Tbk MRAT 153 395 650 500

  27 Unilever Indonesia Tbk UNVR 7800 11050 16500 18800

  28 Kedaung Indah Can Tbk KICI 100 76 185 180

  29 Kedawung Setia Industrial Tbk KDSI 98 155 235 245

  30 Langgeng Makmur Ind. Tbk LMPI 70 215 270 205 Sumber: Data Olahan SPSS, 2013 Lampiran 2 (lanjutan)

  Lampiran 3 Data Variabel Penelitian (Setelah Transformasi) Net Profit Margin (NPM)

  Tahun 2008 - 2011

  No. Nama Perusahaan 2008 2009 2010 2011

• 2.13 -1.92 -2.44

  1 Akasha Wira International Tbk ADES

• 4.27 -3.19 -3.17 -2.55

  2 Cahaya Kalbar Tbk CEKA

  3 Davomas Abadi Tbk DAVO

• 2.08 -1.77 -1.37 -1.31

  4 Delta Djakarta Tbk DLTA

• 3.61 -2.88 -2.56 -2.20

  5 Indofood Sukses Makmur Tbk

  INDF

• 3.00 -2.55 -2.70 -2.98

  6 Mayora Indah Tbk MYOR

• 1.79 -1.56 -1.40 -1.30

  7 Multi Bintang Indonesia Tbk MLBI

• 4.34 -2.92 -4.27 -3.96

  8 Prasidha Aneka Niaga Tbk PSDN

• 4.34 -3.06 -4.14 -4.07

  9 Sekar Laut Tbk SKLT

• 4.83 -2.73 -2.88 -3.17

  10 Siantor Top Tbk STTP

• 2.83 -2.65 -2.24 -2.45

  11 Tiga Pilar Sejahtera Food Tbk AISA

• 1.50 -3.27 -2.86 -3.04

  12 Ultra Jaya Milk Tbk ULTJ

• 3.22 -5.52 -3.69 -3.51

  13 Bentoel International Investama Tbk RMBA

• 2.78 -2.25 -2.21 -2.14

  14 Gudang Garam Tbk GGRM

  71  

• 1.34 -1.16 -1.19 -1.05
• 2.10 -2.49 -2.13 -2.09

• 5.81 -6.21 -4.42 -3.47
• 2.41 -2.28 -2.07 -1.96
• 3.91 -3.82 -3.12 -3.02
• 1.86 -1.63 -1.90 -1.38
• 4.07 -3.51 -3.58 -3.41
• 3.38 -3.24
• 2.43 -2.53 -2.35 -2.29
• 2.38 -2.41 -2.42 -2.47
• 2.65 -2.80 -2.73 -2.75
• 1.86 -1.79 -1.76 -1.73
• 3.44 -3.30 -5.52
• 5.12 -4.51 -4.20 -3.91
• 4.71 -4.14 -4.96 -4.61 Sumber: Data Olahan SPSS, 2013 Lampiran 3 (lanjutan)
• 2.41 -2.31 -2.50
• 3.08 -2.45 -3.35 -2.15

  2 Cahaya Kalbar Tbk CEKA

  1 Akasha Wira International Tbk ADES

  No. Nama Perusahaan 2008 2009 2010 2011

  Return On Assets (ROA) Tahun 2008 - 2011

  30 Langgeng Makmur Ind, Tbk LMPI

  29 Kedawung Setia Industrial Tbk KDSI

  28 Kedaung Indah Can Tbk KICI

  27 Unilever Indonesia Tbk UNVR

  26 Mustika Ratu Tbk MRAT

  25 Mandom Indonesia Tbk TCID

  23 Schering Plough Indonesia Tbk SCPI

  24 Tempo Scan Pacific Tbk TSPC

  22 Pyridam Farma Tbk PYFA

  21 Merck Tbk MERK

  20 Kimia Farma Tbk KAEF

  19 Kalbe Farma Tbk KLBF

  INAF

  18 Indofarma Tbk

  17 Darya-Varia Laboratoria Tbk DVLA

  16 Taisho Pharmaceutical Indonesia Tbk SQBI

  15 HM Sampoerna Tbk HMSP

  72  

  3 Davomas Abadi Tbk DAVO

• 3.65 -2.98 -2.78 -2.36

• 2.70 -2.16 -2.21 -2.62
• 1.44 -1.07 -0.94 -0.88
• 3.47 -2.41 -3.47 -2.86
• 3.91 -2.72 -3.69 -3.58
• 4.83 -2.59 -2.72 -3.08
• 3.54 -3.58 -3.24 -3.17
• 1.74 -3.35 -2.94 -3.08
• 2.92 -5.12 -3.10 -3.04
• 2.55 -2.06 -2.00 -2.06
• 1.42 -1.25 -1.16 -0.88
• 1.14 -0.89 -1.23 -1.11
• 2.20 -2.39 -2.04 -2.04
• 5.30 -5.81 -4.02 -3.41
• 2.09 -1.94 -1.70 -1.68
• 3.27 -3.22 -2.48 -2.34
• 1.33 -1.08 -1.29 -0.93
• 3.91 -3.22 -3.22 -3.17
• 3.35 -2.94
• 2.23 -2.21 -2.00 -1.98
• 2.07 -2.07 -2.08 -2.09
• 2.78 -2.86 -2.78 -2.78
• 0.99 -0.90 -0.94 -0.93

  26 Mustika Ratu Tbk MRAT

  25 Mandom Indonesia Tbk TCID

  24 Tempo Scan Pacific Tbk TSPC

  23 Schering Plough Indonesia Tbk SCPI

  22 Pyridam Farma Tbk PYFA

  21 Merck Tbk MERK

  20 Kimia Farma Tbk KAEF

  19 Kalbe Farma Tbk KLBF

  INAF

  18 Indofarma Tbk

  17 Darya-Varia Laboratoria Tbk DVLA

  16 Taisho Pharmaceutical Indonesia Tbk SQBI

  14 Gudang Garam Tbk GGRM

  15 HM Sampoerna Tbk HMSP

  13 Bentoel International Investama Tbk RMBA

  12 Ultra Jaya Milk Tbk ULTJ

  11 Tiga Pilar Sejahtera Food Tbk AISA

  10 Siantor Top Tbk STTP

  9 Sekar Laut Tbk SKLT

  8 Prasidha Aneka Niaga Tbk PSDN

  7 Multi Bintang Indonesia Tbk MLBI

  6 Mayora Indah Tbk MYOR

  INDF

  5 Indofood Sukses Makmur Tbk

  4 Delta Djakarta Tbk DLTA

  73  

  27 Unilever Indonesia Tbk UNVR

• 4.42 -3.91 -3.51 -3.19
• 5.30 -4.51 -5.30 -4.96 Sumber: Data Olahan SPSS, 2013 Lampiran 3 (lanjutan)

• 1.45 -1.14 -1.58
• 2.18 -1.82 -2.33 -1.44
• 1.82 -1.54 -1.42 -1.33
• 2.10 -1.59 -1.74 -1.84
• 1.85 -1.45 -1.41 -1.61
• 0.44 1.17 -0.06 -0.04
• 2.33 -1.36 -2.36 -2.15
• 3.22 -2.16 -3.17 -3.02
• 4.27 -2.29 -2.34 -2.43
• 2.60 -2.42 -2.04 -2.50
• 1.32 -2.98 -2.50 -2.63
• 1.98 -4.27 -2.27 -2.00
• 2.11 -1.67 -1.63 -1.60
• 0.73 -1.25 -0.46 2.07
• 0.83 -0.70 -1.06 -0.93

  15 HM Sampoerna Tbk HMSP

  14 Gudang Garam Tbk GGRM

  13 Bentoel International Investama Tbk RMBA

  12 Ultra Jaya Milk Tbk ULTJ

  11 Tiga Pilar Sejahtera Food Tbk AISA

  10 Siantor Top Tbk STTP

  9 Sekar Laut Tbk SKLT

  8 Prasidha Aneka Niaga Tbk PSDN

  7 Multi Bintang Indonesia Tbk MLBI

  6 Mayora Indah Tbk MYOR

  5 Indofood Sukses Makmur Tbk

  INDF

  4 Delta Djakarta Tbk DLTA

  3 Davomas Abadi Tbk DAVO

  2 Cahaya Kalbar Tbk CEKA

  1 Akasha Wira International Tbk ADES

  No. Nama Perusahaan 2008 2009 2010 2011

  Return On Equity (ROE) Tahun 2008 - 2011

  30 Langgeng Makmur Ind, Tbk LMPI

  29 Kedawung Setia Industrial Tbk KDSI

  28 Kedaung Indah Can Tbk KICI

  74  

  16 Taisho Pharmaceutical Indonesia Tbk SQBI

• 4.07 -4.96 -3.17 -2.80

• 1.63 -1.53 -1.43 -1.44
• 2.85 -2.76 -2.08 -1.99
• 1.19 -0.88 -1.11 -0.76
• 3.54 -2.90 -2.96 -2.80
• 0.13 -0.60
• 1.94 -1.90 -1.67 -1.65
• 1.96 -1.95 -1.98 -1.99
• 2.63 -2.72 -2.65 -2.62
• 0.25 -0.20 -0.18 0.12
• 3.10 -3.06 -5.12
• 3.65 -3.08 -2.72 -2.45
• 4.83 -4.02 -4.96 -4.42 Sumber: Data Olahan SPSS, 2013 Lampiran 3 (lanjutan)
• 5.30 -2.32 -2.50
• 3.06 -2.39 -3.35 -2.15
• 2.42
• 2.12 -1.58 -1.52

  3 Davomas Abadi Tbk DAVO

  2 Cahaya Kalbar Tbk CEKA

  1 Akasha Wira International Tbk ADES

  No. Nama Perusahaan 2008 2009 2010 2011

  Return On Investment (ROI) Tahun 2008 - 2011

  30 Langgeng Makmur Ind, Tbk LMPI

  29 Kedawung Setia Industrial Tbk KDSI

  28 Kedaung Indah Can Tbk KICI

  27 Unilever Indonesia Tbk UNVR

  26 Mustika Ratu Tbk MRAT

  25 Mandom Indonesia Tbk TCID

  24 Tempo Scan Pacific Tbk TSPC

  23 Schering Plough Indonesia Tbk SCPI

  22 Pyridam Farma Tbk PYFA

  21 Merck Tbk MERK

  20 Kimia Farma Tbk KAEF

  19 Kalbe Farma Tbk KLBF

  INAF

  18 Indofarma Tbk

  17 Darya-Varia Laboratoria Tbk DVLA

  75  

  4 Delta Djakarta Tbk DLTA

• 2.69 -2.65 -2.17 -2.62
• 1.44 -2.14 -0.94 -0.88
• 3.41 -1.07 -2.78 -2.86
• 3.82 -2.06 -3.73 -3.58
• 6.91 -2.73 -2.72 -3.08
• 3.54 -2.59 -3.19 -3.17
• 1.68 -3.82 -2.94 -3.00
• 2.92 -3.35 -3.10 -3.02
• 2.54 -2.00 -1.88
• 1.42 -2.06 -1.16 -0.73
• 1.14 -1.24 -1.24 -1.10
• 2.19 -0.89 -2.04 -2.04
• 5.12 -2.39 -4.07 -3.41
• 2.01 -5.81 -1.66 -1.69
• 3.24 -1.82 -2.48 -2.34
• 1.34 -3.22 -1.30 -0.93
• 3.73 -1.08 -3.17 -3.12
• 3.38 -3.27 -3.69
• 2.21 -2.94 -1.98 -1.98
• 2.06 -2.20 -2.07 -2.06
• 2.76 -2.07 -2.75 -2.81
• 0.99 -2.85 -0.94 -1.03
• 3.32 -0.91 -3.27

  17 Darya-Varia Laboratoria Tbk DVLA

  27 Unilever Indonesia Tbk UNVR

  26 Mustika Ratu Tbk MRAT

  25 Mandom Indonesia Tbk TCID

  24 Tempo Scan Pacific Tbk TSPC

  23 Schering Plough Indonesia Tbk SCPI

  22 Pyridam Farma Tbk PYFA

  21 Merck Tbk MERK

  20 Kimia Farma Tbk KAEF

  19 Kalbe Farma Tbk KLBF

  INAF

  18 Indofarma Tbk

  16 Taisho Pharmaceutical Indonesia Tbk SQBI

  76  

  15 HM Sampoerna Tbk HMSP

  14 Gudang Garam Tbk GGRM

  13 Bentoel International Investama Tbk RMBA

  12 Ultra Jaya Milk Tbk ULTJ

  11 Tiga Pilar Sejahtera Food Tbk AISA

  10 Siantor Top Tbk STTP

  9 Sekar Laut Tbk SKLT

  8 Prasidha Aneka Niaga Tbk PSDN

  7 Multi Bintang Indonesia Tbk MLBI

  6 Mayora Indah Tbk MYOR

  INDF

  5 Indofood Sukses Makmur Tbk

  28 Kedaung Indah Can Tbk KICI

• 5.30 -3.91 -5.30 -4.83 Sumber: Data Olahan SPSS, 2013 Lampiran 3 (lanjutan)
• 1.08 -1.31 -1.61 -1.51

  6 Mayora Indah Tbk MYOR 0.28 0.03 0.17 0.54

  16 Taisho Pharmaceutical Indonesia Tbk SQBI

  15 HM Sampoerna Tbk HMSP 0.00 -0.37 0.01 2.20

  14 Gudang Garam Tbk GGRM

  13 Bentoel International Investama Tbk RMBA 0.46 0.37 0.26 0.60

  12 Ultra Jaya Milk Tbk ULTJ

  11 Tiga Pilar Sejahtera Food Tbk AISA 0.47 0.76 0.85 -0.04

  10 Siantor Top Tbk STTP

  9 Sekar Laut Tbk SKLT 0.00 -0.31 -0.37 -0.30

  8 Prasidha Aneka Niaga Tbk PSDN 0.49 0.36 0.47 0.04

  7 Multi Bintang Indonesia Tbk MLBI 0.55 2.13 0.34 0.26

  INDF 1.13 0.90 0.29 -0.36

  5 Indofood Sukses Makmur Tbk

  4 Delta Djakarta Tbk DLTA

  3 Davomas Abadi Tbk DAVO 1.49 1.66 0.67 0.78

  2 Cahaya Kalbar Tbk CEKA 0.37 -0.12 0.56 0.03

  1 Akasha Wira International Tbk ADES 0.94 0.48 0.81 0.41

  No. Nama Perusahaan 2008 2009 2010 2011

  Debt To Equity Ratio (DER) Tahun 2008 - 2001

  30 Langgeng Makmur Ind, Tbk LMPI

  29 Kedawung Setia Industrial Tbk KDSI

• 0.33 -1.02 -0.80 -0.09
• 0.63 -0.80 -0.62 -0.60
• 0.60 -0.73 -0.82 -0.53
• 0.99 -1.56 -1.66 -1.61
• 1.35 -0.89 -1.11 -1.27

  77  

  17 Darya-Varia Laboratoria Tbk DVLA

• 0.97 -0.94 -1.47 -1.31
• 0.63 -0.56 -0.71 -0.84
• 1.90 -1.47 -1.61 -1.71
• 0.87 -0.99 -1.20 -0.84
• 1.24 -1.08 -1.02 -0.92

• 2.12 -2.04 -2.30 -2.21
• 1.77 -1.83 -1.97 -1.71
• 1.17 -0.94 -1.08 -1.02
• 0.84 -1.02 -0.65 -0.39 Sumber: Data Olahan SPSS, 2013 Lampiran 3 (lanjutan)

  6 Mayora Indah Tbk MYOR 7.04 8.41 9.28 9.56

  INDF 6.84 8.17 8.49 1.53

  5 Indofood Sukses Makmur Tbk

  4 Delta Djakarta Tbk DLTA 9.90 11.03 11.70 11.62

  3 Davomas Abadi Tbk DAVO 4.06 3.91 4.30 3.91

  2 Cahaya Kalbar Tbk CEKA 6.55 7.31 7.00 6.86

  1 Akasha Wira International Tbk ADES 5.42 6.46 7.39 6.92

  No. Nama Perusahaan 2008 2009 2010 2011

  Harga Saham Perusahaan Tahun 2008 - 2011

  30 Langgeng Makmur Ind, Tbk LMPI

  29 Kedawung Setia Industrial Tbk KDSI 0.12 0.27 0.17 0.10

  27 Unilever Indonesia Tbk UNVR 0.10 0.02 0.14 0.62

  28 Kedaung Indah Can Tbk KICI

  26 Mustika Ratu Tbk MRAT

  25 Mandom Indonesia Tbk TCID

  24 Tempo Scan Pacific Tbk TSPC

  23 Schering Plough Indonesia Tbk SCPI 3.13 2.25 2.91 2.60

  22 Pyridam Farma Tbk PYFA

  21 Merck Tbk MERK

  20 Kimia Farma Tbk KAEF

  19 Kalbe Farma Tbk KLBF

  INAF

  18 Indofarma Tbk

  78  

  7 Multi Bintang Indonesia Tbk MLBI 10.81 12.08 12.52 12.79

  79  

  19 Kalbe Farma Tbk KLBF 5.99 7.17 8.09 8.13

  30 Langgeng Makmur Ind, Tbk LMPI 4.25 5.37 5.60 5.32

  29 Kedawung Setia Industrial Tbk KDSI 4.58 5.04 5.46 5.50

  28 Kedaung Indah Can Tbk KICI 4.61 4.33 5.22 5.19

  27 Unilever Indonesia Tbk UNVR 8.96 9.31 9.71 9.84

  26 Mustika Ratu Tbk MRAT 5.03 5.98 6.48 6.21

  25 Mandom Indonesia Tbk TCID 8.61 9.00 8.88 8.95

  24 Tempo Scan Pacific Tbk TSPC 5.99 6.59 7.44 7.84

  23 Schering Plough Indonesia Tbk SCPI 9.24 10.57 10.54 10.13

  22 Pyridam Farma Tbk PYFA 3.91 4.70 4.84 5.17

  21 Merck Tbk MERK 10.48 11.29 11.48 11.79

  20 Kimia Farma Tbk KAEF 4.33 4.84 5.07 5.83

  INAF 3.91 4.42 4.38 5.09

  8 Prasidha Aneka Niaga Tbk PSDN

  18 Indofarma Tbk

  17 Darya-Varia Laboratoria Tbk DVLA 6.87 7.33 7.06 7.05

  16 Taisho Pharmaceutical Indonesia Tbk SQBI 9.26 9.26 9.26 9.26

  10.57

  15 HM Sampoerna Tbk HMSP 9.00 9.25 10.25

  11.04

  14 Gudang Garam Tbk GGRM 8.35 9.98 10.60

  13 Bentoel International Investama Tbk RMBA 6.25 6.48 6.68 6.67

  12 Ultra Jaya Milk Tbk ULTJ 6.68 6.36 7.10 6.98

  11 Tiga Pilar Sejahtera Food Tbk AISA 6.05 5.89 6.66 6.20

  10 Siantor Top Tbk STTP 5.01 5.52 5.95 6.54

  9 Sekar Laut Tbk SKLT 4.50 5.01 4.94 4.94

  Sumber: Data Olahan SPSS, 2013 Lampiran 3 (lanjutan)

  80   Lampiran 4

  

Statistik Deskriptif

Descriptive Statistics

  N Minimum Maximum Mean Std. Deviation

Net Profit Margin (NPM) 120 -.56 .35 .0727 .10468

Return On Assets (ROA) 120 -.14 .42 .1071 .12195

Return On Equity (ROE) 120 -1.14

  7.89 .2543 .81009

Return On Investment (ROI) 120 -.14 .48 .1095 .12238

Debt To Equity Ratio (DER) 120 .10 22.90 1.5633 3.13364 Harga Saham 120

  4.60 359000.00 17098.0383 48747.67768 Valid N (listwise) 120

  Sumber: Data Olahan SPSS, 2013

  Lampiran 5

Uji Normalitas Data (Sebelum Transformasi)

  

One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual

  N 120 Normal Parameters ^a,b Mean

  0E-7 Std. Deviation 40307.14931406 Most Extreme Differences Absolute .255

  Positive .255 Negative -.175

Kolmogorov-Smirnov Z 2.792

Asymp. Sig. (2-tailed) .000

a. Test distribution is Normal.

  b. Calculated from data.

  Sumber: Data Olahan SPSS, 2013

  81   Uji Normalitas Data (Setelah Transformasi) One-Sample Kolmogorov-Smirnov Test

  Unstandardized Residual N 110 Normal Parameters ^a,b Mean

  0E-7 Std. Deviation 1.44229591 Most Extreme Differences Absolute .080

  Positive .080 Negative -.072 Kolmogorov-Smirnov Z .841 Asymp. Sig. (2-tailed) .479 a. Test distribution is Normal.

  b. Calculated from data.

  Sumber: Data Olahan SPSS, 2013 Sumber: Data Olahan SPSS, 2013

  82  

  Sumber: Data Olahan SPSS, 2013

  Lampiran 7

Hasil Uji Multikoliniearitas

  

Coefficients

^a Model Unstandardized Coefficients

  Standardized Coefficients t Sig. Collinearity Statistics

  B Std. Error Beta Tolerance

  VIF

  1 (Constant) 10.593 .829 12.784 .000 LN NPM .602 .368 .270 1.634 .105 .133 7.508 LN ROA .083 .994 .039 .084 .934 .117 8.763 LN ROE 1.752 .734 .863 2.386 .019 .128 5.883 LN ROI -.729 .631 -.355 -1.155 .251 .138 6.003 LN DER -.481 .397 -.204 -1.210 .229 .128 7.786

a. Dependent Variable: LN Harga Saham

  Sumber: Data Olahan SPSS, 2013

  83  

Hasil Uji Autokorelasi

  

Model Summary

^b Model R R Square Adjusted R

Square

  Std. Error of the Estimate Durbin-Watson 1 .788 ^a .621 .603 1.47656 2.314

  a. Predictors: (Constant), LN DER, LN ROI, LN NPM, LN ROE, LN ROA

  b. Dependent Variable: LN Harga Saham

  Sumber: Data Olahan SPSS, 2013

  Lampiran 9

Hasil Uji Heterokedastisitas

  Sumber: Data Olahan SPSS, 2013

  

Hasil Uji Hipotesis

_b

Model Summary

  

Model R R Square Adjusted R Std. Error of the

_a Square Estimate

1 .788 .621 .603 1.47656

a. Predictors: (Constant), LN DER, LN ROI, LN NPM, LN ROE, LN ROA

b. Dependent Variable: LN Harga Saham

  Sumber: Data Olahan SPSS, 2013 _a

  

ANOVA

Model Sum of Squares df Mean Square F Sig. _b Regression 371.517 5 74.303 34.081 .000

  1 Residual 226.744 104 2.180 Total 598.261 109 a. Dependent Variable: LN Harga Saham

  b. Predictors: (Constant), LN DER, LN ROI, LN NPM, LN ROE, LN ROA

  Sumber: Data Olahan SPSS, 2013 _a

  

Coefficients

Model Unstandardized Coefficients Standardized t Sig.

  Coefficients

B Std. Error Beta

(Constant) 10.593 .829 12.784 .000 LN NPM .602 .368 .270 1.634 .105

LN ROA .083 .994 .039 .084 .934

  1 LN ROE 1.752 .734 .863 2.386 .019 LN ROI -.729 .631 -.355 -1.155 .251

LN DER -.481 .397 -.204 -1.210 .229

a. Dependent Variable: LN Harga Saham

  Sumber: Data Olahan SPSS, 2013

  84