Keterangan

Aset Lancar
Aset Tidak Lancar
Total Aset
Kewajiban Lancar
Kewajiban Tidak Lancar
Total Kewajiban
Jumlah Ekuitas
Jumlah Kewajiban dan Ekuitas

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

Kuartal 1
9,002,782,000,000.00
4,423,544,000,000.00
13,426,326,000,000.00
1,930,219,000,000.00
2,505,235,000,000.00
4,435,454,000,000.00
8,990,872,000,000.00
13,426,326,000,000.00

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

Kuartal 2
5,916,449,000,000.00
4,538,438,000,000.00
10,454,887,000,000.00
1,657,094,000,000.00
2,544,898,000,000.00
4,201,992,000,000.00
6,252,895,000,000.00
10,454,887,000,000.00

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

Kuartal 3
6,173,042,000,000.00
5,199,087,000,000.00
11,372,129,000,000.00
2,053,958,000,000.00
2,643,123,000,000.00
4,697,081,000,000.00
6,675,048,000,000.00
11,372,129,000,000.00

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

Kuartal 4
6,479,783,000,000.00
5,197,372,000,000.00
11,677,155,000,000.00
2,260,956,000,000.00
1,864,630,000,000.00
4,125,586,000,000.00
7,551,569,000,000.00
11,677,155,000,000.00

Keterangan
Penjualan
Beban Pokok Penjualan
Laba Bruto
Beban Usaha
Laba Operasi
Pendapatan (Beban Lain-lain)
Laba Sebelum Pajak Penghasilan
Beban Pajak Penghasilan
Laba Bersih

Beban usaha 2011

Pendapatan lain2 2011

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

Kuartal 1
2,777,398,000,000
(1,823,168,000,000)
954,230,000,000
(389,703,000,000)
564,527,000,000
101,040,000,000
665,567,000,000
(167,936,000,000)
497,631,000,000

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

Kuartal 2
5,433,619,000,000
(3,662,314,000,000)
1,771,305,000,000
(792,695,000,000)
978,610,000,000
212,595,000,000
1,191,205,000,000
(310,695,000,000)
880,510,000,000

Beban umum administrasi, beban penjualan pemasaran, beban eksplorasi

Pendapatan keuangan, pendapatan sewa, keuntungan selisish kurs, pemulihan penurunan nilai piutan

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

Kuartal 3
8,123,624,000,000.00
(5,738,124,000,000.00)
2,385,500,000,000.00
(1,228,159,000,000.00)
1,157,341,000,000.00
553,708,000,000.00
1,711,049,000,000.00
(446,462,000,000.00)
1,264,587,000,000.00

Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp
Rp

Kuartal 4
11,209,219,000,000.00
(7,745,646,000,000.00)
3,463,573,000,000.00
(1,606,231,000,000.00)
1,857,342,000,000.00
604,020,000,000.00
2,461,362,000,000.00
(607,081,000,000.00)
1,854,281,000,000.00

eban eksplorasi
sish kurs, pemulihan penurunan nilai piutang, bagian rugi bersih perusahaan asosiasi, penyisihan persediaan us

haan asosiasi, penyisihan persediaan usang, lainnya bersih)

Keterangan
Laba Operasi
Pajak
NOPAT

$
$
$

Kuartal 1
564,527,000,000 $
(167,936,000,000) $
396,591,000,000 $

Kuartal 2
978,610,000,000
(310,695,000,000)
667,915,000,000

Kuartal 3
Kuartal 4
$ 1,157,341,000,000 $ 1,857,342,000,000
$ (446,462,000,000) $ (607,081,000,000)
$
710,879,000,000 $ 1,250,261,000,000

Keterangan
PT Bank Permata, Tbk.
PT Bank Mandiri, Tbk.
PT Bank Mandiri, Tbk.
PT Bank BNI, Tbk.
PT Bank ANZ Indonesia
PT Bank CIMB Niaga, Tbk.
Bank Muamalat Indonesia
PT Bank Mandiri Syariah
Bagian Jangka Pendek dari Liabilitas Sewa Pembiayaan
Liabilitas Sewa Pembiayaan
Total Hutang Berbunga
Total Ekuitas Pemegang Saham
Invested Capital

Kuartal 1
Kuartal 2
Kuartal 3
Rp
8,504,000,000.00 Rp
7,447,000,000.00 Rp
7,258,000,000.00
Rp
6,967,000,000.00 Rp
1,000,000,000.00
Rp
50,000,000,000.00 Rp
50,000,000,000.00 Rp
50,000,000,000.00
Rp
65,471,000,000.00 Rp
58,447,000,000.00 Rp
57,258,000,000.00
$ 1,152,066,000,000.00 $ 1,152,066,000,000.00 $ 1,152,066,000,000.00
$ 1,217,537,000,000.00 $ 1,210,513,000,000.00 $ 1,209,324,000,000.00

Rp

Rp

Rp
$
$

Kuartal 4
6,095,000,000.00
71,795,000,000.00
77,890,000,000.00
1,152,066,000,000.00
1,229,956,000,000.00

Keterangan
Pembayaran Bunga
Total Hutang Berbunga
Pajak
Cost of Debt

Rp
Rp

Kuartal 1
1,324,000,000.00
65,471,000,000.00
25%
1.52%

Kuartal 2
Kuartal 3
Rp
2,889,000,000.00 Rp
4,237,000,000.00 Rp
Rp 58,447,000,000.00 Rp 57,258,000,000.00 Rp
25%
25%
3.71%
5.55%

Kuartal 4
6,225,000,000.00
77,890,000,000.00
25%
5.99%

Tahun
PT Bank Permata, Tbk.
PT Bank Mandiri, Tbk.
PT Bank Mandiri, Tbk.
PT Bank BNI, Tbk.
PT Bank ANZ Indonesia
PT Bank CIMB Niaga, Tbk.
Bank Muamalat Indonesia
PT Bank Mandiri Syariah

2011
17.90

2012
6.25%
7.25%
6.25%
10%

2013
6.75%

2014
10.25%

9.50%

9,5% - 11%
3%
10,25% - 12%

2015
9.75%
11%
3%
10,25% - 12%
2%
2%

Suku Bunga SBI

Tanggal Lelang (2013)
10-Jan-13
13-Feb-13
13-Mar-13
11-Apr-13
15-May-13
13-Jun-13
11-Jul-13
15-Aug-13
12-Sep-13
19-Sep-13
2-Oct-13
9-Oct-13
30-Oct-13
13-Nov-13
27-Nov-13
12-Dec-13
Risk Free Rate

Kuartal 1 (%)
4.84021
4.86119
4.86950

Kuartal 2 (%)
4.84021
4.86119
4.86950
4.89075
5.02275
5.27558

Kuartal 3 (%)
4.84021
4.86119
4.86950
4.89075
5.02275
5.27558
5.52051
5.85743
6.60944
6.95555

4.8569666667

4.9599966667

5.470291

Kuartal 4 (%)
4.84021
4.86119
4.86950
4.89075
5.02275
5.27558
5.52051
5.85743
6.60944
6.95555
6.96715
6.98025
6.97042
7.21565
7.22435
7.21695
6.079855

Tanggal (2013)
2-Jan-13
3-Jan-13
4-Jan-13
7-Jan-13
8-Jan-13
9-Jan-13
10-Jan-13
11-Jan-13
14-Jan-13
15-Jan-13
16-Jan-13
17-Jan-13
18-Jan-13
21-Jan-13
22-Jan-13
23-Jan-13
25-Jan-13
28-Jan-13
29-Jan-13
30-Jan-13
31-Jan-13
1-Feb-13
4-Feb-13
5-Feb-13
6-Feb-13
7-Feb-13
8-Feb-13
11-Feb-13
12-Feb-13
13-Feb-13
14-Feb-13
15-Feb-13
18-Feb-13
19-Feb-13
20-Feb-13
21-Feb-13
22-Feb-13
25-Feb-13
26-Feb-13
27-Feb-13
28-Feb-13
1-Mar-13

Harga Saham PT BA (Posisi Close)

16550
16900
16800
16650
16550
15800
16150
15700
16500
16450
16400
16150
16400
16000
15550
15600
15700
15600
15800
15550
15500
15500
15600
15600
15400
15350
15300
15400
15700
15600
15450
15600
15400
15050
15400
15150
15150
15000
14800
15050
15100
14900

4-Mar-13
5-Mar-13
6-Mar-13
7-Mar-13
8-Mar-13
11-Mar-13
13-Mar-13
14-Mar-13
15-Mar-13
18-Mar-13
19-Mar-13
20-Mar-13
21-Mar-13
22-Mar-13
25-Mar-13
26-Mar-13
27-Mar-13
28-Mar-13

14700
14550
14900
14750
15450
15350
15400
15400
15450
15000
14950
14750
13800
13500
14200
14400
14650
14400

Return Saham PT BA (%)

Harga Saham IHSG

Return Saham IHSG (%)

4346.475

2.07
-0.60
-0.90
-0.60
-4.75
2.17
-2.87
4.85
-0.30
-0.30
-1.55
1.52
-2.50
-2.89
0.32
0.64
-0.64
1.27
-1.61
-0.32
0.00
0.64
0.00
-1.30
-0.33
-0.33
0.65
1.91
-0.64
-0.97
0.96
-1.30
-2.33
2.27
-1.65
0.00
-1.00
-1.35
1.66
0.33
-1.34

4399.258
4410.02
4392.379
4397.545
4362.928
4317.365
4305.912
4382.498
4400.824
4410.964
4398.383
4465.484
4439.974
4416.548
4418.727
4437.598
4416.937
4439.03
4452.975
4453.703
4481.634
4490.565
4479.441
4498.976
4503.148
4491.267
4503.247
4548.243
4571.568
4588.673
4609.786
4612.046
4602.062
4634.451
4632.404
4651.123
4696.107
4663.031
4716.415
4795.789
4811.613

1.20
0.24
-0.40
0.12
-0.79
-1.06
-0.27
1.75
0.42
0.23
-0.29
1.50
-0.57
-0.53
0.05
0.43
-0.47
0.50
0.31
0.02
0.62
0.20
-0.25
0.43
0.09
-0.26
0.27
0.99
0.51
0.37
0.46
0.05
-0.22
0.70
-0.04
0.40
0.96
-0.71
1.13
1.66
0.33

-1.36
-1.03
2.35
-1.02
4.53
-0.65
0.32
0.00
0.32
-3.00
-0.33
-1.36
-6.88
-2.22
4.93
1.39
1.71
-1.74

4761.461
4751.701
4824.683
4848.299
4874.495
4854.312
4835.439
4786.367
4819.324
4802.826
4822.627
4831.5
4802.666
4723.159
4777.901
4842.519
4928.102
4940.986

-1.05
-0.21
1.51
0.49
0.54
-0.42
-0.39
-1.03
0.68
-0.34
0.41
0.18
-0.60
-1.68
1.15
1.33
1.74
0.26

f(x) = 1.7028587689x - 0.6216723932

R = 0.38123004

Grafik Regresi Linear Antara Return Saham PT Bukit Asam dan IHSG Kuartal
6

Grafik Regresi Linear Antara Return

Saham PT Bukit Asam dan IHSG
Kuartal 1 2013

0
-2

-1.5

-1

-0.5

0
-2

0.5

1.5

Linear (Grafik Regresi Linear Antara

Return Saham PT Bukit Asam dan
IHSG Kuartal 1 2013)

-4

-6

-8

Persamaan linier yang diperoleh dari regresi antara return saham PTBA dan IHSG :
Y = 1,7029x - 0,6217
Sehingga nilai beta kuartal 1 tahun 2013 = 1,7029

am dan IHSG Kuartal 1 2013

PTBA dan IHSG :

Tanggal (2013)
2-Jan-13
3-Jan-13
4-Jan-13
7-Jan-13
8-Jan-13
9-Jan-13
10-Jan-13
11-Jan-13
14-Jan-13
15-Jan-13
16-Jan-13
17-Jan-13
18-Jan-13
21-Jan-13
22-Jan-13
23-Jan-13
25-Jan-13
28-Jan-13
29-Jan-13
30-Jan-13
31-Jan-13
1-Feb-13
4-Feb-13
5-Feb-13
6-Feb-13
7-Feb-13
8-Feb-13
11-Feb-13
12-Feb-13
13-Feb-13
14-Feb-13
15-Feb-13
18-Feb-13
19-Feb-13
20-Feb-13
21-Feb-13
22-Feb-13
25-Feb-13
26-Feb-13
27-Feb-13
28-Feb-13
1-Mar-13

Harga Saham PT BA (Posisi Close)

16550
16900
16800
16650
16550
15800
16150
15700
16500
16450
16400
16150
16400
16000
15550
15600
15700
15600
15800
15550
15500
15500
15600
15600
15400
15350
15300
15400
15700
15600
15450
15600
15400
15050
15400
15150
15150
15000
14800
15050
15100
14900

4-Mar-13
5-Mar-13
6-Mar-13
7-Mar-13
8-Mar-13
11-Mar-13
13-Mar-13
14-Mar-13
15-Mar-13
18-Mar-13
19-Mar-13
20-Mar-13
21-Mar-13
22-Mar-13
25-Mar-13
26-Mar-13
27-Mar-13
28-Mar-13
1-Apr-13
2-Apr-13
3-Apr-13
4-Apr-13
5-Apr-13
8-Apr-13
9-Apr-13
10-Apr-13
11-Apr-13
12-Apr-13
15-Apr-13
16-Apr-13
17-Apr-13
18-Apr-13
19-Apr-13
22-Apr-13
23-Apr-13
24-Apr-13
25-Apr-13
26-Apr-13
29-Apr-13
30-Apr-13
1-May-13
2-May-13
3-May-13
6-May-13
7-May-13

14700
14550
14900
14750
15450
15350
15400
15400
15450
15000
14950
14750
13800
13500
14200
14400
14650
14400
15200
15150
15300
15350
15050
15250
15300
15450
15400
15400
15150
15300
15350
15450
15250
15300
15200
15050
15000
15100
15150
15250
15250
14800
14500
14950
14850

8-May-13
10-May-13
13-May-13
14-May-13
15-May-13
16-May-13
17-May-13
20-May-13
21-May-13
22-May-13
23-May-13
24-May-13
27-May-13
28-May-13
29-May-13
30-May-13
31-May-13
3-Jun-13
4-Jun-13
5-Jun-13
7-Jun-13
10-Jun-13
11-Jun-13
12-Jun-13
13-Jun-13
14-Jun-13
17-Jun-13
18-Jun-13
19-Jun-13
20-Jun-13
21-Jun-13
24-Jun-13
25-Jun-13
26-Jun-13
27-Jun-13
28-Jun-13

14800
14500
14350
14150
14000
14400
15650
15550
15000
14950
13900
13900
13500
13100
12900
12500
12200
11950
12650
13250
13250
12750
11850
11550
11850
12500
11900
11900
12100
12700
12200
11350
11700
12000
12650
13300

Return Saham PT BA (%)

Harga Saham IHSG

Return Saham IHSG (%)

4346.475

2.07
-0.60
-0.90
-0.60
-4.75
2.17
-2.87
4.85
-0.30
-0.30
-1.55
1.52
-2.50
-2.89
0.32
0.64
-0.64
1.27
-1.61
-0.32
0.00
0.64
0.00
-1.30
-0.33
-0.33
0.65
1.91
-0.64
-0.97
0.96
-1.30
-2.33
2.27
-1.65
0.00
-1.00
-1.35
1.66
0.33
-1.34

4399.258
4410.02
4392.379
4397.545
4362.928
4317.365
4305.912
4382.498
4400.824
4410.964
4398.383
4465.484
4439.974
4416.548
4418.727
4437.598
4416.937
4439.03
4452.975
4453.703
4481.634
4490.565
4479.441
4498.976
4503.148
4491.267
4503.247
4548.243
4571.568
4588.673
4609.786
4612.046
4602.062
4634.451
4632.404
4651.123
4696.107
4663.031
4716.415
4795.789
4811.613

1.20
0.24
-0.40
0.12
-0.79
-1.06
-0.27
1.75
0.42
0.23
-0.29
1.50
-0.57
-0.53
0.05
0.43
-0.47
0.50
0.31
0.02
0.62
0.20
-0.25
0.43
0.09
-0.26
0.27
0.99
0.51
0.37
0.46
0.05
-0.22
0.70
-0.04
0.40
0.96
-0.71
1.13
1.66
0.33

-1.36
-1.03
2.35
-1.02
4.53
-0.65
0.32
0.00
0.32
-3.00
-0.33
-1.36
-6.88
-2.22
4.93
1.39
1.71
-1.74
5.26
-0.33
0.98
0.33
-1.99
1.31
0.33
0.97
-0.32
0.00
-1.65
0.98
0.33
0.65
-1.31
0.33
-0.66
-1.00
-0.33
0.66
0.33
0.66
0.00
-3.04
-2.07
3.01
-0.67

4761.461
4751.701
4824.683
4848.299
4874.495
4854.312
4835.439
4786.367
4819.324
4802.826
4822.627
4831.5
4802.666
4723.159
4777.901
4842.519
4928.102
4940.986
4937.575
4957.251
4981.466
4922.611
4926.068
4897.521
4899.587
4877.475
4924.263
4937.21
4894.592
4945.253
4998.653
5012.638
4998.461
4996.923
4975.33
5011.607
4994.523
4978.507
4999.752
5034.071
5060.919
4994.046
4925.483
4991.871
5042.789

-1.05
-0.21
1.51
0.49
0.54
-0.42
-0.39
-1.03
0.68
-0.34
0.41
0.18
-0.60
-1.68
1.15
1.33
1.74
0.26
-0.07
0.40
0.49
-1.20
0.07
-0.58
0.04
-0.45
0.95
0.26
-0.87
1.02
1.07
0.28
-0.28
-0.03
-0.43
0.72
-0.34
-0.32
0.42
0.68
0.53
-1.34
-1.39
1.33
1.01

-0.34
-2.07
-1.05
-1.41
-1.07
2.78
7.99
-0.64
-3.67
-0.33
-7.55
0.00
-2.96
-3.05
-1.55
-3.20
-2.46
-2.09
5.53
4.53
0.00
-3.92
-7.59
-2.60
2.53
5.20
-5.04
0.00
1.65
4.72
-4.10
-7.49
2.99
2.50
5.14
4.89

5089.335
5105.937
5054.628
5081.94
5089.88
5078.678
5145.683
5214.976
5188.759
5207.999
5121.403
5155.093
5085.136
5176.235
5200.693
5129.647
5068.628
4971.354
5021.612
5001.221
4865.324
4777.365
4609.948
4697.884
4607.663
4760.744
4774.504
4840.452
4806.656
4629.994
4515.372
4429.46
4418.872
4587.728
4675.749
4818.895

0.91
0.33
-1.02
0.54
0.16
-0.22
1.30
1.33
-0.51
0.37
-1.69
0.65
-1.38
1.76
0.47
-1.39
-1.20
-1.96
1.00
-0.41
-2.79
-1.84
-3.63
1.87
-1.96
3.22
0.29
1.36
-0.70
-3.82
-2.54
-1.94
-0.24
3.68
1.88
2.97

f(x) = 1.0727676092x - 0.2977136431

R = 0.2250641657

Grafik Regresi Linear Antara Return Saham PT Bukit Asam dan IHSG Ku
10
8
6
4

Grafik Regresi Linear Antara Return

Saham PT Bukit Asam dan IHSG K
2 2013

2
0
-5

-4

-3

-2

-1

Linear (Grafik Regresi Linear Antar

Return Saham PT Bukit Asam dan
Kuartal 2 2013)

-2
-4
-6
-8
-10

Persamaan linier yang diperoleh dari regresi antara return saham PTBA dan IHSG :
Y = 1,0728x - 0,2977
Sehingga nilai beta kuartal 2 tahun 2013 = 1,0728

Asam dan IHSG Kuartal 2 2013

Grafik Regresi Linear Antara Return

Saham PT Bukit Asam dan IHSG Kuartal
2 2013
Linear (Grafik Regresi Linear Antara
Return Saham PT Bukit Asam dan IHSG
Kuartal 2 2013)

PTBA dan IHSG :

Tanggal (2013)
2-Jan-13
3-Jan-13
4-Jan-13
7-Jan-13
8-Jan-13
9-Jan-13
10-Jan-13
11-Jan-13
14-Jan-13
15-Jan-13
16-Jan-13
17-Jan-13
18-Jan-13
21-Jan-13
22-Jan-13
23-Jan-13
25-Jan-13
28-Jan-13
29-Jan-13
30-Jan-13
31-Jan-13
1-Feb-13
4-Feb-13
5-Feb-13
6-Feb-13
7-Feb-13
8-Feb-13
11-Feb-13
12-Feb-13
13-Feb-13
14-Feb-13
15-Feb-13
18-Feb-13
19-Feb-13
20-Feb-13
21-Feb-13
22-Feb-13
25-Feb-13
26-Feb-13
27-Feb-13
28-Feb-13
1-Mar-13

Harga Saham PT BA (Posisi Close)

16550
16900
16800
16650
16550
15800
16150
15700
16500
16450
16400
16150
16400
16000
15550
15600
15700
15600
15800
15550
15500
15500
15600
15600
15400
15350
15300
15400
15700
15600
15450
15600
15400
15050
15400
15150
15150
15000
14800
15050
15100
14900

4-Mar-13
5-Mar-13
6-Mar-13
7-Mar-13
8-Mar-13
11-Mar-13
13-Mar-13
14-Mar-13
15-Mar-13
18-Mar-13
19-Mar-13
20-Mar-13
21-Mar-13
22-Mar-13
25-Mar-13
26-Mar-13
27-Mar-13
28-Mar-13
1-Apr-13
2-Apr-13
3-Apr-13
4-Apr-13
5-Apr-13
8-Apr-13
9-Apr-13
10-Apr-13
11-Apr-13
12-Apr-13
15-Apr-13
16-Apr-13
17-Apr-13
18-Apr-13
19-Apr-13
22-Apr-13
23-Apr-13
24-Apr-13
25-Apr-13
26-Apr-13
29-Apr-13
30-Apr-13
1-May-13
2-May-13
3-May-13
6-May-13
7-May-13

14700
14550
14900
14750
15450
15350
15400
15400
15450
15000
14950
14750
13800
13500
14200
14400
14650
14400
15200
15150
15300
15350
15050
15250
15300
15450
15400
15400
15150
15300
15350
15450
15250
15300
15200
15050
15000
15100
15150
15250
15250
14800
14500
14950
14850

8-May-13
10-May-13
13-May-13
14-May-13
15-May-13
16-May-13
17-May-13
20-May-13
21-May-13
22-May-13
23-May-13
24-May-13
27-May-13
28-May-13
29-May-13
30-May-13
31-May-13
3-Jun-13
4-Jun-13
5-Jun-13
7-Jun-13
10-Jun-13
11-Jun-13
12-Jun-13
13-Jun-13
14-Jun-13
17-Jun-13
18-Jun-13
19-Jun-13
20-Jun-13
21-Jun-13
24-Jun-13
25-Jun-13
26-Jun-13
27-Jun-13
28-Jun-13
1-Jul-13
2-Jul-13
3-Jul-13
4-Jul-13
5-Jul-13
8-Jul-13
9-Jul-13
10-Jul-13
11-Jul-13

14800
14500
14350
14150
14000
14400
15650
15550
15000
14950
13900
13900
13500
13100
12900
12500
12200
11950
12650
13250
13250
12750
11850
11550
11850
12500
11900
11900
12100
12700
12200
11350
11700
12000
12650
13300
13100
13200
12400
12150
12550
12150
11950
12150
12500

12-Jul-13
15-Jul-13
16-Jul-13
17-Jul-13
18-Jul-13
19-Jul-13
22-Jul-13
23-Jul-13
24-Jul-13
25-Jul-13
26-Jul-13
29-Jul-13
30-Jul-13
31-Jul-13
1-Aug-13
2-Aug-13
12-Aug-13
13-Aug-13
14-Aug-13
15-Aug-13
16-Aug-13
19-Aug-13
20-Aug-13
21-Aug-13
22-Aug-13
23-Aug-13
26-Aug-13
27-Aug-13
28-Aug-13
29-Aug-13
30-Aug-13
2-Sep-13
3-Sep-13
4-Sep-13
5-Sep-13
6-Sep-13
9-Sep-13
10-Sep-13
11-Sep-13
12-Sep-13
13-Sep-13
16-Sep-13
17-Sep-13
18-Sep-13
19-Sep-13

11800
12250
12300
11500
11500
11550
11500
11900
11550
11400
10850
10250
10300
9950
10250
10000
10950
11350
11950
11650
11800
10700
10050
10200
12000
12250
12450
12450
12400
11950
12100
12750
13600
13600
13800
13800
13950
12600
13150
13150
12900
13000
13350
13100
13850

20-Sep-13
23-Sep-13
24-Sep-13
25-Sep-13
26-Sep-13
27-Sep-13
30-Sep-13

13850
14000
13200
13000
12800
12850
12500

Return Saham PT BA (%)

Harga Saham IHSG

Return Saham IHSG (%)

4346.475

2.07
-0.60
-0.90
-0.60
-4.75
2.17
-2.87
4.85
-0.30
-0.30
-1.55
1.52
-2.50
-2.89
0.32
0.64
-0.64
1.27
-1.61
-0.32
0.00
0.64
0.00
-1.30
-0.33
-0.33
0.65
1.91
-0.64
-0.97
0.96
-1.30
-2.33
2.27
-1.65
0.00
-1.00
-1.35
1.66
0.33
-1.34

4399.258
4410.02
4392.379
4397.545
4362.928
4317.365
4305.912
4382.498
4400.824
4410.964
4398.383
4465.484
4439.974
4416.548
4418.727
4437.598
4416.937
4439.03
4452.975
4453.703
4481.634
4490.565
4479.441
4498.976
4503.148
4491.267
4503.247
4548.243
4571.568
4588.673
4609.786
4612.046
4602.062
4634.451
4632.404
4651.123
4696.107
4663.031
4716.415
4795.789
4811.613

1.20
0.24
-0.40
0.12
-0.79
-1.06
-0.27
1.75
0.42
0.23
-0.29
1.50
-0.57
-0.53
0.05
0.43
-0.47
0.50
0.31
0.02
0.62
0.20
-0.25
0.43
0.09
-0.26
0.27
0.99
0.51
0.37
0.46
0.05
-0.22
0.70
-0.04
0.40
0.96
-0.71
1.13
1.66
0.33

-1.36
-1.03
2.35
-1.02
4.53
-0.65
0.32
0.00
0.32
-3.00
-0.33
-1.36
-6.88
-2.22
4.93
1.39
1.71
-1.74
5.26
-0.33
0.98
0.33
-1.99
1.31
0.33
0.97
-0.32
0.00
-1.65
0.98
0.33
0.65
-1.31
0.33
-0.66
-1.00
-0.33
0.66
0.33
0.66
0.00
-3.04
-2.07
3.01
-0.67

4761.461
4751.701
4824.683
4848.299
4874.495
4854.312
4835.439
4786.367
4819.324
4802.826
4822.627
4831.5
4802.666
4723.159
4777.901
4842.519
4928.102
4940.986
4937.575
4957.251
4981.466
4922.611
4926.068
4897.521
4899.587
4877.475
4924.263
4937.21
4894.592
4945.253
4998.653
5012.638
4998.461
4996.923
4975.33
5011.607
4994.523
4978.507
4999.752
5034.071
5060.919
4994.046
4925.483
4991.871
5042.789

-1.05
-0.21
1.51
0.49
0.54
-0.42
-0.39
-1.03
0.68
-0.34
0.41
0.18
-0.60
-1.68
1.15
1.33
1.74
0.26
-0.07
0.40
0.49
-1.20
0.07
-0.58
0.04
-0.45
0.95
0.26
-0.87
1.02
1.07
0.28
-0.28
-0.03
-0.43
0.72
-0.34
-0.32
0.42
0.68
0.53
-1.34
-1.39
1.33
1.01

-0.34
-2.07
-1.05
-1.41
-1.07
2.78
7.99
-0.64
-3.67
-0.33
-7.55
0.00
-2.96
-3.05
-1.55
-3.20
-2.46
-2.09
5.53
4.53
0.00
-3.92
-7.59
-2.60
2.53
5.20
-5.04
0.00
1.65
4.72
-4.10
-7.49
2.99
2.50
5.14
4.89
-1.53
0.76
-6.45
-2.06
3.19
-3.29
-1.67
1.65
2.80

5089.335
5105.937
5054.628
5081.94
5089.88
5078.678
5145.683
5214.976
5188.759
5207.999
5121.403
5155.093
5085.136
5176.235
5200.693
5129.647
5068.628
4971.354
5021.612
5001.221
4865.324
4777.365
4609.948
4697.884
4607.663
4760.744
4774.504
4840.452
4806.656
4629.994
4515.372
4429.46
4418.872
4587.728
4675.749
4818.895
4777.52
4728.704
4577.153
4581.933
4602.807
4433.625
4403.8
4478.644
4604.222

0.91
0.33
-1.02
0.54
0.16
-0.22
1.30
1.33
-0.51
0.37
-1.69
0.65
-1.38
1.76
0.47
-1.39
-1.20
-1.96
1.00
-0.41
-2.79
-1.84
-3.63
1.87
-1.96
3.22
0.29
1.36
-0.70
-3.82
-2.54
-1.94
-0.24
3.68
1.88
2.97
-0.87
-1.03
-3.31
0.10
0.45
-3.82
-0.68
1.67
2.73

-5.93
3.67
0.41
-6.96
0.00
0.43
-0.43
3.36
-3.03
-1.32
-5.07
-5.85
0.49
-3.52
2.93
-2.50
8.68
3.52
5.02
-2.58
1.27
-10.28
-6.47
1.47
15.00
2.04
1.61
0.00
-0.40
-3.77
1.24
5.10
6.25
0.00
1.45
0.00
1.08
-10.71
4.18
0.00
-1.94
0.77
2.62
-1.91
5.42

4633.108
4635.729
4644.039
4679.001
4720.435
4724.411
4678.983
4767.159
4718.103
4674.117
4658.874
4580.467
4608.489
4610.377
4624.336
4640.781
4597.78
4652.397
4699.733
4685.129
4568.654
4313.518
4174.983
4218.448
4171.413
4169.827
4120.669
3967.842
4026.475
4103.593
4195.089
4101.233
4164.012
4073.455
4050.864
4072.354
4191.258
4358.143
4349.419
4356.605
4375.539
4522.239
4517.62
4463.254
4670.733

0.62
0.06
0.18
0.75
0.88
0.08
-0.97
1.85
-1.04
-0.94
-0.33
-1.71
0.61
0.04
0.30
0.35
-0.94
1.17
1.01
-0.31
-2.55
-5.91
-3.32
1.03
-1.13
-0.04
-1.19
-3.85
1.46
1.88
2.18
-2.29
1.51
-2.22
-0.56
0.53
2.84
3.83
-0.20
0.16
0.43
3.24
-0.10
-1.22
4.44

0.00
1.07
-6.06
-1.54
-1.56
0.39
-2.80

4583.828
4562.857
4460.413
4406.767
4405.893
4423.719
4316.176

-1.90
-0.46
-2.30
-1.22
-0.02
0.40
-2.49

f(x) = 0.7876596321x - 0.1959470116

R = 0.12282237

Grafik Regresi Linear Antara Return Saham PT Bukit Asam dan IHSG Kuarta
20

15
Grafik Regresi Linear Antara Return
Saham PT Bukit Asam dan IHSG
Kuartal 'Beta Kuartal 'Beta Kuartal 3
2013

10

0
-8

-6

-4

-2

Linear (Grafik Regresi Linear Antara

Return Saham PT Bukit Asam dan IHSG
Kuartal 'Beta Kuartal 'Beta Kuartal 3
2013)

-5

-10

-15

Persamaan linier yang diperoleh dari regresi antara return saham PTBA dan IHSG :
Y = 0,7877x - 0,1959
Sehingga nilai beta kuartal 3 tahun 2013 = 0,7877

m dan IHSG Kuartal 3 2013

Regresi Linear Antara Return

PT Bukit Asam dan IHSG
'Beta Kuartal 'Beta Kuartal 3

(Grafik Regresi Linear Antara

Saham PT Bukit Asam dan IHSG
'Beta Kuartal 'Beta Kuartal 3

PTBA dan IHSG :

Tanggal (2013)
2-Jan-13
3-Jan-13
4-Jan-13
7-Jan-13
8-Jan-13
9-Jan-13
10-Jan-13
11-Jan-13
14-Jan-13
15-Jan-13
16-Jan-13
17-Jan-13
18-Jan-13
21-Jan-13
22-Jan-13
23-Jan-13
25-Jan-13
28-Jan-13
29-Jan-13
30-Jan-13
31-Jan-13
1-Feb-13
4-Feb-13
5-Feb-13
6-Feb-13
7-Feb-13
8-Feb-13
11-Feb-13
12-Feb-13
13-Feb-13
14-Feb-13
15-Feb-13
18-Feb-13
19-Feb-13
20-Feb-13
21-Feb-13
22-Feb-13
25-Feb-13
26-Feb-13
27-Feb-13
28-Feb-13
1-Mar-13

Harga Saham PT BA (Posisi Close)

16550
16900
16800
16650
16550
15800
16150
15700
16500
16450
16400
16150
16400
16000
15550
15600
15700
15600
15800
15550
15500
15500
15600
15600
15400
15350
15300
15400
15700
15600
15450
15600
15400
15050
15400
15150
15150
15000
14800
15050
15100
14900

4-Mar-13
5-Mar-13
6-Mar-13
7-Mar-13
8-Mar-13
11-Mar-13
13-Mar-13
14-Mar-13
15-Mar-13
18-Mar-13
19-Mar-13
20-Mar-13
21-Mar-13
22-Mar-13
25-Mar-13
26-Mar-13
27-Mar-13
28-Mar-13
1-Apr-13
2-Apr-13
3-Apr-13
4-Apr-13
5-Apr-13
8-Apr-13
9-Apr-13
10-Apr-13
11-Apr-13
12-Apr-13
15-Apr-13
16-Apr-13
17-Apr-13
18-Apr-13
19-Apr-13
22-Apr-13
23-Apr-13
24-Apr-13
25-Apr-13
26-Apr-13
29-Apr-13
30-Apr-13
1-May-13
2-May-13
3-May-13
6-May-13
7-May-13

14700
14550
14900
14750
15450
15350
15400
15400
15450
15000
14950
14750
13800
13500
14200
14400
14650
14400
15200
15150
15300
15350
15050
15250
15300
15450
15400
15400
15150
15300
15350
15450
15250
15300
15200
15050
15000
15100
15150
15250
15250
14800
14500
14950
14850

8-May-13
10-May-13
13-May-13
14-May-13
15-May-13
16-May-13
17-May-13
20-May-13
21-May-13
22-May-13
23-May-13
24-May-13
27-May-13
28-May-13
29-May-13
30-May-13
31-May-13
3-Jun-13
4-Jun-13
5-Jun-13
7-Jun-13
10-Jun-13
11-Jun-13
12-Jun-13
13-Jun-13
14-Jun-13
17-Jun-13
18-Jun-13
19-Jun-13
20-Jun-13
21-Jun-13
24-Jun-13
25-Jun-13
26-Jun-13
27-Jun-13
28-Jun-13
1-Jul-13
2-Jul-13
3-Jul-13
4-Jul-13
5-Jul-13
8-Jul-13
9-Jul-13
10-Jul-13
11-Jul-13

14800
14500
14350
14150
14000
14400
15650
15550
15000
14950
13900
13900
13500
13100
12900
12500
12200
11950
12650
13250
13250
12750
11850
11550
11850
12500
11900
11900
12100
12700
12200
11350
11700
12000
12650
13300
13100
13200
12400
12150
12550
12150
11950
12150
12500

12-Jul-13
15-Jul-13
16-Jul-13
17-Jul-13
18-Jul-13
19-Jul-13
22-Jul-13
23-Jul-13
24-Jul-13
25-Jul-13
26-Jul-13
29-Jul-13
30-Jul-13
31-Jul-13
1-Aug-13
2-Aug-13
12-Aug-13
13-Aug-13
14-Aug-13
15-Aug-13
16-Aug-13
19-Aug-13
20-Aug-13
21-Aug-13
22-Aug-13
23-Aug-13
26-Aug-13
27-Aug-13
28-Aug-13
29-Aug-13
30-Aug-13
2-Sep-13
3-Sep-13
4-Sep-13
5-Sep-13
6-Sep-13
9-Sep-13
10-Sep-13
11-Sep-13
12-Sep-13
13-Sep-13
16-Sep-13
17-Sep-13
18-Sep-13
19-Sep-13

11800
12250
12300
11500
11500
11550
11500
11900
11550
11400
10850
10250
10300
9950
10250
10000
10950
11350
11950
11650
11800
10700
10050
10200
12000
12250
12450
12450
12400
11950
12100
12750
13600
13600
13800
13800
13950
12600
13150
13150
12900
13000
13350
13100
13850

20-Sep-13
23-Sep-13
24-Sep-13
25-Sep-13
26-Sep-13
27-Sep-13
30-Sep-13
1-Oct-13
2-Oct-13
3-Oct-13
4-Oct-13
7-Oct-13
8-Oct-13
9-Oct-13
10-Oct-13
11-Oct-13
16-Oct-13
17-Oct-13
18-Oct-13
21-Oct-13
22-Oct-13
23-Oct-13
24-Oct-13
25-Oct-13
28-Oct-13
29-Oct-13
30-Oct-13
31-Oct-13
1-Nov-13
4-Nov-13
6-Nov-13
7-Nov-13
8-Nov-13
11-Nov-13
12-Nov-13
13-Nov-13
14-Nov-13
15-Nov-13
18-Nov-13
19-Nov-13
20-Nov-13
21-Nov-13
22-Nov-13
25-Nov-13
26-Nov-13

13850
14000
13200
13000
12800
12850
12500
12400
12200
12350
12350
12550
12650
13100
13200
13550
13400
13900
14000
13700
13850
13650
13500
13300
13150
12950
12650
12150
11600
11550
11600
12100
12200
12550
12250
11950
11950
11700
12150
11950
11800
11650
11600
12100
12150

27-Nov-13
28-Nov-13
29-Nov-13
2-Dec-13
3-Dec-13
4-Dec-13
5-Dec-13
6-Dec-13
9-Dec-13
10-Dec-13
11-Dec-13
12-Dec-13
13-Dec-13
16-Dec-13
17-Dec-13
18-Dec-13
19-Dec-13
20-Dec-13
23-Dec-13
24-Dec-13
27-Dec-13
30-Dec-13

11900
11800
12000
12000
11700
11700
11750
11650
11600
11550
11750
11600
11650
11250
11200
11250
11100
10600
10350
10300
10200
10200

Return Saham PT BA (%)

Harga Saham IHSG

Return Saham IHSG (%)

4346.475

2.07
-0.60
-0.90
-0.60
-4.75
2.17
-2.87
4.85
-0.30
-0.30
-1.55
1.52
-2.50
-2.89
0.32
0.64
-0.64
1.27
-1.61
-0.32
0.00
0.64
0.00
-1.30
-0.33
-0.33
0.65
1.91
-0.64
-0.97
0.96
-1.30
-2.33
2.27
-1.65
0.00
-1.00
-1.35
1.66
0.33
-1.34

4399.258
4410.02
4392.379
4397.545
4362.928
4317.365
4305.912
4382.498
4400.824
4410.964
4398.383
4465.484
4439.974
4416.548
4418.727
4437.598
4416.937
4439.03
4452.975
4453.703
4481.634
4490.565
4479.441
4498.976
4503.148
4491.267
4503.247
4548.243
4571.568
4588.673
4609.786
4612.046
4602.062
4634.451
4632.404
4651.123
4696.107
4663.031
4716.415
4795.789
4811.613

1.20
0.24
-0.40
0.12
-0.79
-1.06
-0.27
1.75
0.42
0.23
-0.29
1.50
-0.57
-0.53
0.05
0.43
-0.47
0.50
0.31
0.02
0.62
0.20
-0.25
0.43
0.09
-0.26
0.27
0.99
0.51
0.37
0.46
0.05
-0.22
0.70
-0.04
0.40
0.96
-0.71
1.13
1.66
0.33

-1.36
-1.03
2.35
-1.02
4.53
-0.65
0.32
0.00
0.32
-3.00
-0.33
-1.36
-6.88
-2.22
4.93
1.39
1.71
-1.74
5.26
-0.33
0.98
0.33
-1.99
1.31
0.33
0.97
-0.32
0.00
-1.65
0.98
0.33
0.65
-1.31
0.33
-0.66
-1.00
-0.33
0.66
0.33
0.66
0.00
-3.04
-2.07
3.01
-0.67

4761.461
4751.701
4824.683
4848.299
4874.495
4854.312
4835.439
4786.367
4819.324
4802.826
4822.627
4831.5
4802.666
4723.159
4777.901
4842.519
4928.102
4940.986
4937.575
4957.251
4981.466
4922.611
4926.068
4897.521
4899.587
4877.475
4924.263
4937.21
4894.592
4945.253
4998.653
5012.638
4998.461
4996.923
4975.33
5011.607
4994.523
4978.507
4999.752
5034.071
5060.919
4994.046
4925.483
4991.871
5042.789

-1.05
-0.21
1.51
0.49
0.54
-0.42
-0.39
-1.03
0.68
-0.34
0.41
0.18
-0.60
-1.68
1.15
1.33
1.74
0.26
-0.07
0.40
0.49
-1.20
0.07
-0.58
0.04
-0.45
0.95
0.26
-0.87
1.02
1.07
0.28
-0.28
-0.03
-0.43
0.72
-0.34
-0.32
0.42
0.68
0.53
-1.34
-1.39
1.33
1.01

-0.34
-2.07
-1.05
-1.41
-1.07
2.78
7.99
-0.64
-3.67
-0.33
-7.55
0.00
-2.96
-3.05
-1.55
-3.20
-2.46
-2.09
5.53
4.53
0.00
-3.92
-7.59
-2.60
2.53
5.20
-5.04
0.00
1.65
4.72
-4.10
-7.49
2.99
2.50
5.14
4.89
-1.53
0.76
-6.45
-2.06
3.19
-3.29
-1.67
1.65
2.80

5089.335
5105.937
5054.628
5081.94
5089.88
5078.678
5145.683
5214.976
5188.759
5207.999
5121.403
5155.093
5085.136
5176.235
5200.693
5129.647
5068.628
4971.354
5021.612
5001.221
4865.324
4777.365
4609.948
4697.884
4607.663
4760.744
4774.504
4840.452
4806.656
4629.994
4515.372
4429.46
4418.872
4587.728
4675.749
4818.895
4777.52
4728.704
4577.153
4581.933
4602.807
4433.625
4403.8
4478.644
4604.222

0.91
0.33
-1.02
0.54
0.16
-0.22
1.30
1.33
-0.51
0.37
-1.69
0.65
-1.38
1.76
0.47
-1.39
-1.20
-1.96
1.00
-0.41
-2.79
-1.84
-3.63
1.87
-1.96
3.22
0.29
1.36
-0.70
-3.82
-2.54
-1.94
-0.24
3.68
1.88
2.97
-0.87
-1.03
-3.31
0.10
0.45
-3.82
-0.68
1.67
2.73

-5.93
3.67
0.41
-6.96
0.00
0.43
-0.43
3.36
-3.03
-1.32
-5.07
-5.85
0.49
-3.52
2.93
-2.50
8.68
3.52
5.02
-2.58
1.27
-10.28
-6.47
1.47
15.00
2.04
1.61
0.00
-0.40
-3.77
1.24
5.10
6.25
0.00
1.45
0.00
1.08
-10.71
4.18
0.00
-1.94
0.77
2.62
-1.91
5.42

4633.108
4635.729
4644.039
4679.001
4720.435
4724.411
4678.983
4767.159
4718.103
4674.117
4658.874
4580.467
4608.489
4610.377
4624.336
4640.781
4597.78
4652.397
4699.733
4685.129
4568.654
4313.518
4174.983
4218.448
4171.413
4169.827
4120.669
3967.842
4026.475
4103.593
4195.089
4101.233
4164.012
4073.455
4050.864
4072.354
4191.258
4358.143
4349.419
4356.605
4375.539
4522.239
4517.62
4463.254
4670.733

0.62
0.06
0.18
0.75
0.88
0.08
-0.97
1.85
-1.04
-0.94
-0.33
-1.71
0.61
0.04
0.30
0.35
-0.94
1.17
1.01
-0.31
-2.55
-5.91
-3.32
1.03
-1.13
-0.04
-1.19
-3.85
1.46
1.88
2.18
-2.29
1.51
-2.22
-0.56
0.53
2.84
3.83
-0.20
0.16
0.43
3.24
-0.10
-1.22
4.44

0.00
1.07
-6.06
-1.54
-1.56
0.39
-2.80
-0.81
-1.64
1.21
0.00
1.59
0.79
3.44
0.76
2.58
-1.12
3.60
0.71
-2.19
1.08
-1.47
-1.11
-1.50
-1.14
-1.54
-2.37
-4.12
-4.74
-0.43
0.43
4.13
0.82
2.79
-2.45
-2.51
0.00
-2.14
3.70
-1.67
-1.27
-1.29
-0.43
4.13
0.41

4583.828
4562.857
4460.413
4406.767
4405.893
4423.719
4316.176
4345.899
4387.604
4418.643
4389.347
4374.959
4432.507
4457.438
4486.678
4519.912
4492.261
4518.93
4546.571
4578.178
4512.743
4546.499
4594.845
4580.846
4590.538
4562.77
4574.878
4510.631
4432.589
4423.288
4449.76
4486.109
4476.72
4441.724
4380.64
4301.891
4367.371
4335.448
4393.592
4398.336
4350.786
4326.205
4317.96
4334.803
4235.261

-1.90
-0.46
-2.30
-1.22
-0.02
0.40
-2.49
0.68
0.95
0.70
-0.67
-0.33
1.30
0.56
0.65
0.74
-0.62
0.59
0.61
0.69
-1.45
0.74
1.05
-0.31
0.21
-0.61
0.26
-1.42
-1.76
-0.21
0.59
0.81
-0.21
-0.79
-1.39
-1.83
1.50
-0.74
1.32
0.11
-1.09
-0.57
-0.19
0.39
-2.35

-2.10
-0.85
1.67
0.00
-2.56
0.00
0.43
-0.86
-0.43
-0.43
1.70
-1.29
0.43
-3.56
-0.45
0.44
-1.35
-4.72
-2.42
-0.49
-0.98
0.00

4251.489
4233.925
4256.436
4321.977
4288.764
4241.302
4216.894
4180.788
4214.342
4275.678
4271.743
4212.218
4174.83
4125.956
4182.346
4196.282
4231.98
4195.556
4189.608
4202.834
4212.98
4274.177

0.38
-0.41
0.53
1.52
-0.77
-1.12
-0.58
-0.86
0.80
1.43
-0.09
-1.41
-0.90
-1.18
1.35
0.33
0.84
-0.87
-0.14
0.31
0.24
1.43

f(x) = 0.7921935068x - 0.2321981951

R = 0.1259642312

Grafik Regresi Linear Antara Return Saham PT

20

15

10

0
-8

-6

-4

-2

-5

-10

-15

Persamaan linier yang diperoleh dari regresi antara return saham PTBA dan IHSG :
Y = 0,7922x - 0,2322
Sehingga nilai beta kuartal 4 tahun 2013 = 0,7922

urn Saham PT Bukit Asam dan IHSG Tahun 2015

Grafik Regresi Linear Antara Return Saham PT ITMG dan

IHSG Kuartal 4 'Beta Kuartal 4 Tahun 'Beta Kuartal 4 Tahun
2013
Linear (Grafik Regresi Linear Antara Return Saham PT
ITMG dan IHSG Kuartal 4 'Beta Kuartal 4 Tahun 'Beta
Kuartal 4 Tahun 2013)
2

PTBA dan IHSG :

G dan
4 Tahun

m PT
eta

Risk Free Rate

Beta
Country Risk Premium
Cost of Equity (Ke)

Kuartal 1 (%)
4.8570
1.7029
7.80%
18.14%

Kuartal 2 (%)
4.9600
1.0728
7.80%
13.33%

Hutang
Ekuitas
Total Modal
Tingkat Biaya Hutang
Tingkat Biaya Ekuitas
Pajak
WACC

Kuartal 1 (%)
$
65,471,000,000.00
$ 1,152,066,000,000.00
$ 1,217,537,000,000.00
1.52%
18.14%
25%
17.23%

Kuartal 2 (%)
$
58,447,000,000.00
$ 1,152,066,000,000.00
$ 1,210,513,000,000.00
3.71%
13.33%
25%
12.82%

Kuartal 3 (%)
5.4703
0.7877
7.80%
11.61%

Kuartal 4 (%)
6.0799
0.7922
7.80%
12.26%

Kuartal 3 (%)
$
57,258,000,000.00
$ 1,152,066,000,000.00
$ 1,209,324,000,000.00
5.55%
11.61%
25%
11.26%

Kuartal 4 (%)
$
77,890,000,000.00
$ 1,152,066,000,000.00
$ 1,229,956,000,000.00
5.99%
12.26%
25%
11.77%

Tahun
Invested Capital
WACC
Biaya Modal (Cost of Capital)
NOPAT
EVA

Rp
Rp
Rp
Rp

2011
1,217,537,000,000.00
17.23%
209,724,760,527.20
396,591,000,000.00
186,866,239,472.80

Rp
Rp
Rp
Rp

2012
1,210,513,000,000.00
12.82%
155,170,537,272.20
667,915,000,000.00
512,744,462,727.80

Rp
Rp
Rp
Rp

2013
1,209,324,000,000.00
11.26%
136,188,301,491.66
710,879,000,000.00
574,690,698,508.34

Rp
Rp
Rp
Rp

2014
1,229,956,000,000.00
11.77%
144,733,506,249.90
1,250,261,000,000.00
1,105,527,493,750.10