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ANALISIS KEUANGAN ANALISIS KEUANGAN

ANALISIS DAN PENILAIAN EKUITAS

ANALISIS DAN PENILAIAN EKUITAS

DISUSUN OLEH DISUSUN OLEH

IDA

IDA RODUNNYRODUNNYA A NPM. NPM. 16.0116.0102.0002.000101 KARTIKA

KARTIKA TRI TRI RAHARAHAYU YU NPM NPM 16.0116.0102.0002.003131 R ROOSSYYIIDDA A RRAAHHMMA A WWAARRDDHHAANNII NNPPM M 1166..00110022..00005588 S SIITTI I NNUUR R JJAANNAAHH NNPPM M 1166..00110022..00006655 LILIS HARWANTI LILIS HARWANTI  NPM 16.0102.0200 NPM 16.0102.0200 W

WIIDDUURRI I WWIIJJAAYYAANNTTII NNPPMM. . 1166..00110022..00220011

F

FAKULAKULTTAS EKAS EKONOMI ONOMI PROGRAM PROGRAM STUDI STUDI AKUNTANSI PARALELAKUNTANSI PARALEL UNIVERSITAS MUHAMMADIYAH MAGELANG

UNIVERSITAS MUHAMMADIYAH MAGELANG 2018

2018

1 1

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KATA PENGANTAR

Puji syuu! "#i $"%j"&"% '(")i!"& A**"( SWT y"%+ &'*"( #'#,'!i"% !"(#"& s'!&" "!u%i"-Ny" '$")" "#i s'(i%++" )"$"& #'%y'*'s"i"% $'%yusu%"% #""*"( i%i )"*"#  ,'%&u #"u$u% isi%y" y"%+ s"%+"& s')'!("%". S'#+" #""*"( i%i )"$"& )i$'!+u%""% s',"+"i s"*"( s"&u "/u"% $'&u%ju #"u$u% $')#"% ,"+i $'#,"/" )"*"# $'%u*is"% s'*"%ju&%y".

K"#i #'%y")"!i ,"(" #""*"( i%i #"si( j"u( )"!i s'#$u!%" *'( "!'%" i&u !i&i  )"% s"!"% )"!i s'#u" $i(" y"%+ ,'!si"& #'#,"%+u% "#i ("!"$"% )'#i 's'#$u!%""% #""*"( i%i.

A(i! "&" "#i s"#$"i"% &'!i#" "si( '$")" s'#u" $i(" y"%+ &'*"( ,'!$'!"% )"*"# $'%yusu%"% #""*"( i%i )"!i ""* s"#$"i "(i!. S'#+" A**"( SWT s'%"%&i"s" #'!i)("i s'+"*" us"(" i&". A#i%.

(3)

DAFTAR ISI Halaman Judul !!!!! " # $ Ka%a P&n'an%a(!!!!! " ## $ Da)%a( I*# !!!!!! " ### $ +A+ I P&nda,uluan A. L"&"! 4'*""%+...  1 7 4. Ru#us"% M"s"*"(...  2 7 +A+ II P&m-a,a*an A. D"y" T"("% L","...  6 7 ". P'%yusu%"% U*"%+ )"% P'%y'su"i"% L","...  6 7  ,. I%!#"si M'%+'%"i D"y" T"("%...  6 7 /. "&! P'%'%&u D"y" T"("% L","...  9 7 ). Ps L"," Y"%+ 4'!&"("% S'#'%&"!"...  8 7 4. P'%i*"i"% :ui&"s 4'!,"sis L","...  8 7 ". Hu,u%+"% A%&"!" H"!+" S"("# )'%+"% D"&" Au%&"%si...  ; 7  ,. P'!"*i"% P'%i*"i"% D"s"!...  ; 7 <. K'u"&"% L"," )"% P'!"#"*"% U%&u Tuju"% P'%i*"i"%...  11 7

". K'u"&"% L","...  11 7  ,. P'!"#"*"% L","...  12 7 /. L"$!"% :s&!i# U%&u P'%+""s"% )"% R'=isi :s&i#"si L","...  13 7 ). P'#,"("s"% S"* 11-3...  15 7

 +A+ III PENUTUP

K'si#$u*"%...  19 7 DAFTAR PUSTAKA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! " 18 $

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BAB I

PENDAHULUAN

A! La%a( -&la.an' Ma*ala,

U%&u $'!us"(""% $'!s'!"%+"% 'ui&"s s'!i%+ )is',u& #)"*. U%&u $'!s'!"%+"% is&i*"( 'ui&"s 'ui&"s $'#'+"%+ s"("# "&"u s&/(*)'!s> '?ui&y7 *',i( #'!'*'si "&" y"%+ i%+i% )i"%)u%+%y".Is&i*"( #)"* s'!i%+ )i+u%""% $u*" s',"+"i $")"% "&" '?ui&y "*"u$u% #)"* *',i( )'"& #"%"%y" )'%+"% is&i*"( /"$i&"*.:ui&"s #'%+"%)u%+ u%su!  '$'#i*i"% %'!s(i$7 u%&u !+"%is"si %%$!i& 'ui&"s )is',u& )'%+"% "s'& ,'!si( %'& "ss'&s7 u%&u #'%+(i%)"!i 's"% ")"%y" $'#i*i"%.

"!'%" '%s'$ 's"&u"% us"(" y"%+ #'#is"("% "%&"!" #"%"j'#'% )"% $'#i*i"% i%!#"si &'%&"%+ "ui&"s $'#'+"%+ s"("# #'%j")i s"%+"& $'%&i%+ "!'%" ("* &'!s',u& #'%u%ju"% (u,u%+"% "%&"!" $'!us"(""% $'!s'!"%7 )'%+"% $'#'+"%+ s"("#. )"!i su)u& $'#'+"%+ s"("# 'ui&"s $'#'+"%+ s"("# #'!u$""% (" "&"s '"y""% "&"u %i*"i y"%+ &'!&"%"# )"*"# $'!s'!"%. K"*"u )i$"%)"%+ )"!i su)u& 's"&u"% us"(" 'ui&"s  $'#'+"%+ s"("# #'!u$""% @u&"%+@ $'!s'!"% '$")" $"!" $'#'+"%+ s"("#. O*'( "!'%" i&u 'ui&"s $'#'+"%+ s"("# )"$"& ju+" )i$"%)"%+ s',"+"i +"#,"!"% (u,u%+"% yu!i)is "%&"!" $'!s'!"% )"% $'#'+"%+ s"("#. D'%+"% ')u)u"%%y" y"%+ )'#ii"%  $'!s"*"%%y" ")"*"( ,"+"i#"%" #'*"$!"% "&"u #'%y"ji"% i%!#"si '*'#'% i%i "+"! 

(u,u%+"% )"% &"%++u%+ j"", yu!i)is )"$"& )i$'!&"("%"%.

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+! Rumu*an Ma*ala,

1. M'%+"%"*isis )"y" &"("% &"("% *"," "&!-"&! $'%'%&u%y" )"% !'*'="%si%y" &'!(")"$ $'!"#"*"% *","

2. M'%j'*"s"% &'%&"%+ $'%yusu%"% u*"%+ !'/"s&i%+7 s'!&" $'%y'su"i"% *"," )"% #$%'% *"," u%&u &uju"% "%"*isis

3. M'%+u!"i"% $'%i*"i"% 'ui&"s '?ui&y ="*u&i%7 )"% !'*'="%si%y" $")" %"*isis 'u"%+"%

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)"% $'%i*"i"%

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6. M'%+"%"*isis *"$!"% i%&'!i#)"% #'#$'!&i#,"%+"% #"%""&%y" )"*"# #'#%i&! )"% #'!'=isis 's&i#"si *","

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BAB II

PEMBAHASAAN

II!1! ANALISIS DAN PENILAIAN EKUITAS

A%"*isis $'%i*"i"% 'ui&"s #'%'"%"% *"," )"% $'%+uu!"% "u%&"%si *"i% u%&u  #'%+(i&u%+ %i*"i $'!us"(""%. P'!"#"*"% *"," #'#$'!(i&u%+"% 'u"&"% *"," &'%i  's&i#"si )"% #'"%is#' $'%+""s"%.

A! DAYA TAHAN LA+A

A%"*isis 'u"%+"% y"%+ ,"i )"$"& #'%+'%"*i #$%'% *"," y"%+ s&",i* )"% )"$"&)i$!')isi "&"u #$%'% y"%+ #"#$u B,'!&"("%C.

". P'%yusu%"% U*"%+ )"% P'%y'su"i"% L","

S"*"( s"&u "&i=i&"s "%"*isis 'ui&"s ")"*"( u%&u #'%yusu% *"," )"% #$%'% *"," s'(i%+++" )"$"& #'#is"(""% '*'#'% y"%+ s&",i* %!#"* )"% &'!us-#'%'!us )'%+"% '*'#'% "/" &i)" &'%&u &i)" ,i"s" )"% &i)" ,'!u*"%+. P'%yusu%"% u*"%+ ju+" ,'!+u%" u%&u #'%+'&"(ui '*'#'% *"," i%i y"%+ s'("!us%y" )i/"u$ )"*"# ("si* $'!"si $")" s"&u"&"u ,','!"$" $'!i)' s','*u#%y".

 ,. I%!#"si #'%+'%"i D"y" T"("% L","

A%"*isis ("si* $'!"si u%&u #'%yusu% )"% #'%y'su"i"% *"," #'#,u&u("% i%!#"siy"%+ !'*'="% )"% "%)"*. Su#,'! i%!#"si i%i y"i&u

- L"$!"% *"," !u+i

- L"$!"% 'u"%+"% *"i%%y" )"% /"&"&"% "&"s *"$!"% 'u"%+"% - M"%"+'#'%& Dis/ussi% "%) A%"*ysis

I%!#"si !'*'="% #'%/"u$ i%!#"si y"%+ #'#$'%+"!u(i '#"#$u"% *"," u%&u  )"$"&)i,"%)i%+"% )"% )ii%&'!$!'&"si"%.

 P'%yusu%"% U*"%+ L"," )"% K#$%'% L","

P'%yusu%"% u*"%+ !'/"s&i%+7 ,'!&uju"% u%&u #'%yusu% #$%'% *"," +u%" #'%y"ji"% *"sii"si y"%+ *',i( ,'!"!&i )"% !#"& y"%+ !'*'="% u%&u "%"*isis. K#$%'% )"$"& )i,"+i )i"&u! "&"u )i(i*"%+"% $'%+"!u( $"j"%y" &'&"$i &&"*%y" ("!us )i!'%si*i"si &'!(")"$ *"," ,'!si( u%&u &i"$ $'!i)'. P'!*"u"% y"%+ s"#" )i&'!"$"% $")" #$%'% s'$'!&i 'ui&"s )"*"# *"," !u+i7 "%"   $'!us"(""% E"i*i"si y"%+ ,'*u# )i!'%si*i"si. K#$%'% y"%+ )i*"$!"% s'&'*"(  $"j" ("!us )i'*u"!"% ,'!s"#""% )'%+"% )"#$" $"j" #'!'" ji"

)i*"sii"si u*"%+ &'!$is"( )"!i *"," $'!"si y"%+ ,'!*"%ju&.  P'%y'su"i"% L"," )"% K#$%'% L","

U%&u $'!u,"("% $!i%si$ "&"u 's&i#"si "u%&"si s'*u!u( ju#*"( &"(u% y"%+ )i"%"*isis ("!us )is'su"i"% )"*"# ,"sis y"%+ )"$"& )i,"%)i%+"%. S','*u# #'%i*"i )"y" &"("% *"," i&" $'!*u #'#$'!*'( "%+" *"$!"% 'u"%+"% )'%+"%

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 ,','!"$" $'%y'su"i"%. S'*u!u( #$%'% *"," ("!us )i$'!&i#,"%+"% ji" i&" &'*"( #'%'&"$"% ,"(" su"&u #$%'% ""% )i'*u"!"% )"!i $'!i)'  $'*"$!"%%y" #$%'% &'!s',u& )"$"& )i$i%)"("% $")"("si* $'!"si $'!i)'- $'!i)' s','*u#%y" )"% )is',"! s'$"%j"%+ $'!i)'-$'!i)' y"%+ s')"%+ )i"%"*isis #'si$u% $'%y',"!"%%y" )"$"& #'#,"%&u )"*"# $'%'%&u"% 'u"&"% *"," ("* i%i &i)" #'#,"%&u )"*"# $'%'%&u"% &!'% *",".

/. "&! P'%'%&u D"y" T"("% L","

M"%"j'#'% *"," '!"+"#"% &!'% )"% i%s'%&i #'!u$""% $'%'%&u"% )"y" &"("% *"," y"%+ $&'%si"*. D"*"# #'%i*"i )"y" &"("% *"," ,"i s'$"%j"%+ si*us us"(" #"u$u% u%&u j"%+" $"%j"%+.

 T!'% )"% D"y" T"("% L","

T!'% *"," )"$"& )i%i*"i #'*"*ui #'&)' s&"&is&i "&"u )'%+"% $'!%y"&""% &!'%. T!'% *"," s'!i%+ "*i #'%+u%+"$"% $'&u%ju #'%+'%"i i%'!j" $'!us"(""% s""& i%i )"% #"s" )'$"% s'!&" #'%i*"i u"*i&"s #"%'j'#'%.

 M"j'#'% )"% D"y" T"("% L","

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#'#i)"("% )"#$" &'!(")"$ *"," y"%+ &i)" ,i"s" )"% &i)" )i$'!i!""% y"%+ )"$"& ,'!$'%+"!u( ,u!u $")" &!'% *",".

- 4i+ ,"&(s. T'%i i%i #'%+"ui ,',"% $'!i)' #"s" )'$"% $")" #"s" i%i

 ji" i%'!j" $'!i)' #"s" i%i s"%+"& ,u!u. P!"&i i%i #'*'$"s"% ,',"% #"s" )'$"% )"!i *"," #"s" )'$"%.

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"&i=" &" ,'!uju) s'$'!&i +)i** s""& ("si* $'!"si s')"%+ ,u!u  #'!u$""% "*"& #"%"j'#'% *"," *"i%%y".

- M'%'%&u"% "&u $'%+"u"% $'%)"$"&"% )"% ,',"%. T'%i i%i #'%+"&u! 

"&u $'%+"u"% $'%)"$"&"% )"% ,'," u%&u #'*"u"% #'%"j'#'% *"," &'!#"su #"%"j'#'% &!'%.

 I%s'%&i )"% D"y" T"("% M"%"j'#'%

A%"*isis ("!us #'%+"ui i%s'%&i ,"+i #"%"j'! &'!"i& )'%+"% *",". M"%"j'#'% *"," s'!i%+ "*i ""*%y" )i/"$"i )'%+"% $'*"$!"% *"," y"%+ &'!*"*u !'%)"(. H"* i%i #'%/i$&""% /")"%+"% u%&u )"$"& )i+u%""% $")" $'!i)' )'%+"% *"," !'%)"( )i#"s" )'$"%. D'%+"% ")"%y" i%s'%&i i%'!j" ,"+i #"%"j'! )"%  $'%++u%""% "%+" "u%&"%si u%&u #'%+'%)"*i"% )"% #'%+""si i%'!j"

(8)

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M'%'%&u"% ("si* $'!"si u%&u $'!i)' s"&u &"(u% #'#,u&u("% ,','!"$"  $'%y'su"i"% "!u"& )"% 's&i#"si. P'%y'su"i% i%i #'%/"u$ $'%+"u"%  $'%)"$"&"% #'%'%&u"% ,i"y" $'!s')i""% "*"si ='!('") #'%/"!i %i*"i $"s"! 

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 M'&)' P'*"$!"% M'%y'*u!u(

L"$!"% u"!&"*"% #'!u$""% ,"+i"% )"!i 's'*u!u("% s"&u &"(u% )"% ,u"%%y"  $'!i)' )is!i& #'%sy"!"&"% $'%+"u"% $'%)"$"&"% )"% ,',"%. H"* i%i #'%/"u$ $'%yusu&"% $'!s')i""% )is% "&"s u"%&i&"s )"% $iu&"%+ &" &'!&"+i(.

(13)

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(14)

P&m-a,a*an SOAL 11

As$'! I%/. M'#$'!*'( $'%ju"*"% s','s"! Q500.000 $'! &"(u%. As$'! #'#,u&u("% $i%j"#"% j"%+" $'%)' s','s"! Q100.000 u%&u #'%"%)"i #)"* '!j"%y". Du" ,"% s')"%+ #'#$'!&i#,"%+"% $'%+"ju"% $i%j"#"% As$'! &'&"$i s'&i"$ ,"% #'#i*ii %)isis #i%i#u# &'!&'%&u y"%+ ("!us )i$'%u(i. 4"% A#'!i/" #'%sy"!"&"% $"*i%+ &i)" 25 *"," &! )"!i *"," $'%ju"*"% )"% 4"% 4s&% #'%sy"!"&"% !"si *"%/"! current ratio7 21. 4'!iu& ")"*"( i%!#"si As$'! $")" &"(u% 1.

 R'&u! $'%ju"*"% ,'s"!%y" 10 )"!i $'%ju"*"%  R'&u! $'#,'*i"% ,'s"!%y" 2 )"!i $'#,'*i"%  Dis% $'%ju"*"% ")"*"( 2 )"!i $'%ju"*"%  Dis% $'#,'*i"% ")"*"( 1 )"!i $'#,'*i"%

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Anal#*#* K&ndala K(&d#% da(# +an. Am&(#a

L"%+"( 1 4u"&*"( s',u"( !#" L"," J")"* P! !ss P'%ju"*"% ... Q 500.000 Ku!"%+ 10 $'%ju"*"% '#,"*i ... Q 50.0007 2 )is% $'%ju"*"% ... Q 10.0007 Q 60.0007 P'%ju"*"% ,'!si( ... Q 0.000 H"!+" $ $'%ju"*"%

(15)

P'!s')i""% ""* Q 138000 E 1.387 ... Q 100.000 P'#,'*i"% ... Q 00.000 Ku!"%+ 2 $'#,'*i"% '#,"*i ... Q 80007 1 $'#,'*i"% )is% ... Q 0007 Q 388.000 Q 88.000 Ku!"%+ P'!s')i""% "(i! ... Q 138.000 7

Q 350.000 L"," &! ... Q 0.000 - Q 350.000  Q ;0.000 L"%+"( 2 Hi&u%+ !ss M"!+i% P'%ju"*"%

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4"% A#'!i" &i)" ""% #'#$'!$"%j"%+ $i%j"#"% u%&u As$'! 205 25 #i%.7

Anal#*#* K&ndala K(&d#% da(# +an. +3*%3n L"%+"( 1 Hi&u%+ K'"ji,"% L"%/"!

K'"ji,"% L"%/"!  P'#,'*i"%  P'!$u&"!"% Hu&"%+ P'!$u&"!"% Hu&"%+  360  ;0   Hu&"%+ us"("  388.000    Q ;9.000 L"%+"( 2 Hi&u%+ As'& L"%/"! As'& *"%/"! K"s ... ... Q 5.500 Piu&"%+ "V ... 55.000 P'!s')i""% ... ... 138.000 T&"* "s'& s""& i%i ... Q 1;8.500 "V AR  P'%ju"*"%  AR #s'&  0.000  360E57  55.000. L"%+"( 3 Hi&u%+ <u!!'%& R"&i

R"si *"%/"!  Q 1;8500  Q ;9.000  205

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PENUTUP

(16)

3.1 K'si#$u*"%

K'si#$u*"% y"%+ "#i )"$"& ,"(" "%"*isis i%i ""% #'#,"%&u #'%+("si*"% !"#"*"% 'u"&"% *"," u%&u $'%i*"i"% y"%+ "%)"*. D"% "%"*isis 'u"%+"% y"%+ ,"i  )"$"& #'%+'%"*i #$%'% *"," y"%+ s&",i* )"% )"$"& )i $!')isi"&"u #$%'% y"%+ #"u B ,'!&"("% B.

3.2 S"!"%

A*"s"% #'%)"s"! )i"%u&%y" $'%)'"&"% $'%y"ji"% *"," s'#u" &'!#"su ")"*"( %s'$ $'#"%""&"% "s'&. s&"&'#'% *","-!u+i ("!us #'%y"ji"% s'/"!" ''&i s'#u" "i,"& )"!i $'#"%""&"% "s'& y"%+ )is'!"("% s'$'%u(%y" '$")" #"%"j'#'%. P'#is"("% *"," #'%j")i %!#"* )"% &i)" %!#"* )"*"# )u" s&"&'#'% *"," !u+i )"% *"," )i&"("%7 ""% /'%)'!u%+ #'%+"*i("% $us"& $'!("&i"% $'#""i s'/"!" &i)"  s'#'s&i%y"' *"," %!#"* )"% )'%+"% )'#ii"% s'/"!" &i)" s")"! #'%+u!"%+i  $'!("&i"% $'#,"/" ""% '''&i"% #"%"j'#'% s'/"!" 's'*u!u("%. P'%)'"&"% i%'!j" s'"!"%+ )i*"%)"si '(""&i!"% ""% ")"%y" is"si u%+si%"*. 4i*"  $'%)'"&"% i%'!j" s'"!"%+ )i"%u& ,','!"$" #$%'% ""% )i*"$!"% s',"+"i #$%'% $'!u,"("% *"," )i&"("%. K#$%'% &'!s',u& "%&"!" *"i% $'!"si ('%&i"%  $s-$s *u"! ,i"s" $'%+"!u( u#u*"&i $'!u,"("% "u%&"%si )"% !'si #'%)"s"!.

P'%)'"&"%s'#u" &'!#"su )i*"%)"si *'( %s'$ %&i%ui&"s us"(" s'!&" u$"y" )"% ("si* y"%+ #'%'+"s"% ,"(" s&"&'#'% *","-!u+i ("!us #'#u"& s'#u" $'!u,"("% 'ui&"s '/u"*iy"%+ ,'!"s"* )"!i &!"%s"si )'%+"% $'#i*i. P'!u,"("% 'ui&"s ("!us )i$is"("% )'%+"% &'+"s #'%j")i 'ui&"s y"%+ ,'!"s"* )"!i &!"%s"si #)"* )"% &!"%s"si $'!"si.L"," )i&"("% ("%y" ""% ,'!isi *"," #$!'('%si y"%+ )i$i%)"( )"!i s&"&'#'% *"," !u+i )"% ,'!,"+"i #$%'% &!"%s"si #)"* s'$'!&i )i=i)'% )"% s"("# &!'"su!i.

(17)

DAFTAR PUSTAKA

K.R. Su,!"#"%y"# J(% J. Wi*) A%"*isis L"$!"% K'u"%+"% 4uu 2 :)isi 10 P'%'!,i&  S"*'#," '#$"&.

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