Lampiran 1 EVA PT. Delta Djakarta Tbk

(1)

LAMPIRAN

(2)

Lampiran 1 EVA PT. Delta Djakarta Tbk

2014 2015 2016 2017 2018

NOPAT (34,810,556,396) (14,549,205,747) (23,723,008,239) (329,283,799,068) (45,499,287,520) Capital Charges (1,738,097,606,961,160) (1,196,686,063,705,240) (2,006,164,298,010,970) (34,741,642,536,172,900) (25,660,163,168,156,300) EVA 1,738,062,796,404,760 1,196,671,514,499,490 2,006,140,575,002,730 34,741,313,252,373,800 25,660,117,668,868,800

Indikator Tahun

Perhitungan NOPAT

2014 2015 2016 2017 2018

EBIT 380.086 250.197 327.047 369.012 441.248 1-Tarif Pajak (91.586) (58.151) (72.537) (89.239) (103.115)

NOPAT (34.810.556.396) (14.549.205.747) (23.723.008.239) (32.930.261.868) (45.499.287.520)

2014 2015 2016 2017 2018

Invested Capital 778,819 878,894 1,039,988 1,181,120 1,311,080 WACC (2,231,709,302) (1,361,581,788) (1,929,026,391) (29,414,151,429) (19,571,775,306)

Capital Charges (1,738,097,606,961,160) (1,196,686,063,705,240) (2,006,164,298,010,970) (34,741,642,536,172,900) (25,660,163,168,156,300)

Total Hutang (TH)

Total Ekuitas (TE)

Hutang Jangka Pendek (HJP)

2014 237,047 736,861 195,089 778,819 2015 188,700 830,613 140,419 878,894 2016 185,422 992,408 137,842 1,039,988 2017 196,197 1,124,571 139,648 1,181,120 2018 239,353 1,264,026 192,299 1,311,080

IC Tahun

Indikator

Tahun beban bunga THT.J.Panjang Total 1-t kd

2014 4313 41957 10% (91,586) -9415

2015 5993 48280 12% (58,151) -7218

2016 6827 47580 14% (72,537) -10408

2017 9495 56512 17% (892,339) -149928

2018 37315 47053 79% (103,115) -81775

tahun dividen saham harga saham total

2014 96079 390000 0.25

2015 96079 5200 18.48

2016 144119 5000 28.82

2017 208171 4590 45.35

2018 208171 5500 37.85

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tahun d

¹

po g Total

2014 96079 390000 10% 35%

2015 96079 5200 10% 19%

2016 144119 5000 10% 29%

2017 208171 4590 10% 45%

2018 208171 5500 10% 38%

EVA PT. Multi Bintang Indonesia Tbk

2014 2015 2016 2017 2018

NOPAT 794,884 496,910 982,130 1,322,068 1,224,808

Capital

Charges

(2,188,172,873,338,810) (1,485,345,196,154,590) (6,896,605,789,617,350) (76,514,082,055,801,400) (82,447,843,010,971,400) EVA 2,188,172,874,133,690 1,485,345,196,651,500 6,896,605,790,599,480 76,514,082,057,123,500 82,447,843,012,196,200

Indikator Tahun

Perhitungan NOPAT

2014 2015 2016 2017 2018

EBIT 1.078.378 675.572 1.320.186 1.780.020 1.671.912 1-Tarif Pajak - 283.494 - 178.662 - 338.056 - 457.952 - 447.104 NOPAT 794.884 496.910 982.130 1.322.068 1.224.808

2014 2015 2016 2017 2018

Invested Capital 640,993 864,345 927,591 1,184,463 1,289,128 WACC - 3,413,723,509 - 1,718,463,341 - 7,434,964,106 - 64,598,119,195 - 63,956,289,066 Capital Charges (2,188,172,873,338,810) (1,485,345,196,154,590) (6,896,605,789,617,350) (76,514,082,055,801,400) (82,447,843,010,971,400)

Total Hutang

(TH)

Total Ekuitas

(TE)

Hutang Jangka Pendek (HJP)

IC

2014 1.667.254 532.540 1.558.801 640.993 2015 1.334.373 745.199 1.215.227 864.345 2016 1.454.398 799.454 1.326.261 927.591 2017 1.445.173 1.043.404 1.304.114 1.184.463 2018 1.721.965 1.146.082 1.578.919 1.289.128 Tahun

Indikator

tahun beban bunga THT.J.Panjang Total 1-t kd

2014 639 88453 1% (283,494) -2048

2015 859 119146 1% (178,662) -1288

2016 1938 128137 2% (338,056) -5113

2017 13768 141059 10% (457,952) -44699

2018 11883 143046 8% (447,104) -37142

(4)

tahun dividen saham harga saham total

2014 46076 424600 0.11

2015 138 8650 0.02

2016 344 11792 0.03

2017 371 14033 0.03

2018 487 15922 0.03

tahun d

1

po g Total

2014 46076 424600 10% 21%

2015 138 8650 10% 12%

2016 344 11792 10% 13%

2017 371 14033 10% 13%

2018 487 15922 10% 13%

EVA PT. Mayora Indah Tbk

2014 2015 2016 2017 2018

NOPAT 649,577,291 2,030,756,401 2,302,690,409 2,742,815,374 3,003,450,113 Capital Charges 147,908,359,214,006,000,000 969,509,869,005,828,000,000 1,377,352,367,324,290,000,000 2,114,849,092,856,370,000,000 3,731,039,992,631,880,000,000 EVA (147,908,359,213,356,000,000) (969,509,869,003,797,000,000) (1,377,352,367,321,990,000,000) (2,114,849,092,853,620,000,000) (3,731,039,992,628,870,000,000)

Perhitungan NOPAT

2014 2015 2016 2017 2018

EBIT 529.701.030 1.640.494.765 1.845.683.269 2.186.884.603 2.381.942.196 1-Tarif Pajak - 119.876.261 - 390.261.636 - 457.007.140 - 555.930.771 - 621.507.917 NOPAT 649.577.291 2.030.756.401 2.302.690.409 2.742.815.374 3.003.450.113

2014 2015 2016 2017 2018

Invested Capital 3,442,332 6,560,807 8,448,934 9,831,850 12,185,836 WACC 42,967,488,090,633 147,772,959,790,743 163,020,845,863,429 215,101,846,840,256 306,178,418,340,102 Capital Charges 147,908,359,214,006,000,000 969,509,869,005,828,000,000 1,377,352,367,324,290,000,000 2,114,849,092,856,370,000,000 3,731,039,992,631,880,000,000

Total Hutang (TH)

Total Ekuitas (TE)

Hutang Jangka Pendek (HJP) IC 2014 6.190.553.036 366.116.724 3.114.337.601 3.442.332.159 2015 6.148.255.759 3.564.047.146 3.151.495.162 6.560.807.743 2016 6.657.165.872 5.675.820.428 3.884.051.319 8.448.934.981 2017 7.561.503.343 6.743.975.893 4.473.628.322 9.831.850.914 2018 9.049.161.944 7.901.185.276 4.764.510.387 12.185.836.833 Tahun

Indikator

(5)

Tahun Beban Bunga THT.J.Panjang Total 1-t kd 2014 - 178,112 3,076,215 -6% (119,876,261) 6940816 2015 - 184,561 2,996,760 -6% (390,261,636) 24034943 2016 - 148,595 2,773,144 -5% (457,007,140) 24488028 2017 - 1,948,955 38,087,857 -5% (555,930,771) 28446970 2018 - 233,257 4,284,651 -5% (621,507,917) 33835006

Tahun Dividen Saham Harga Saham Total

2014 160 20,900 0.01

2015 230 30,500 0.01

2016 21 1,645 0.01

2017 27 2,020 0.01

2018 29 2,620 0.01

Tahun d

1

po g Total

2014 160 20,900 10% 11%

2015 230 30,500 10% 11%

2016 21 1,645 10% 11%

2017 27 2,020 10% 11%

2018 29 2,620 10% 11%

Keterangan The Level Of Debt Capital (D)

Total Hutang (TH) Total Ekuitas (TE)

2014 6.190.553.036 366.116.724 6.556.669.760 94%

2015 6.148.255.759 3.564.047.146 9.712.302.905 63%

2016 6.657.165.872 5.675.820.428 12.332.986.300 54%

2017 7.561.503.434 6.743.975.893 14.305.479.327 53%

2018 9.049.161.944 7.901.185.276 16.950.347.220 53%

Tahun Indikator

TH + TE % D

EVA PT. Sekar Laut Tbk

2014 2015 2016 2017 2018

NOPAT 34,505,826 37,307,219 33,439,626 27,888,793 52,721,232 Capital Charges 8,793,512,922,424,740,000,000 12,634,246,166,102,800,000,000 1,834,645,537,694,840,000,000 1,834,645,537,694,840,000,000 59,426,376,836,944,500,000,000 EVA (8,793,512,922,424,700,000,000) (12,634,246,166,102,700,000,000) (1,834,645,537,694,810,000,000) (1,834,645,537,694,810,000,000) (59,426,376,836,944,500,000,000)

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2014 2015 2016 2017 2018 EBIT 23.544.037 27.376.638 25.166.206 27.370.565 39.567.679 1-Tarif Pajak - 10.961.789 - 9.930.581 - 8.273.420 - 518.228 - 13.153.553 NOPAT 34.505.826 37.307.219 33.439.626 27.888.793 52.721.232

Indikator Tahun

Total Hutang (TH)

Total Ekuitas (TE)

Hutang Jangka Pendek (HJP) IC 2014 178.206.785 84.202.192 141.425.302 120.983.675 2015 225.006.080 83.226.756 159.132.842 149.099.994 2016 272.088.644 96.800.673 169.302.583 199.586.734 2017 328.714.435 108.354.164 211.493.160 225.575.439 2018 408.057.718 140.175.889 291.349.105 256.884.502

Tahun Beban Bunga THT.J.Panjang Total 1-t kd

2014 - 1,367,933 36,781,482 -4% (10,961,789) 407,678 2015 - 2,498,220 65,933,237 -4% (9,930,581) 376,271 2016 - 3,308,611 102,786,060 -3% (8,273,420) 266,316 2017 - 5,544,482 117,221,275 -5% (518,228) 24,512 2018 - 5,019,187 116,708,612 -4% (13,153,553) 565,684

Tahun Dividen Saham Harga Saham Total 2014 2,072,221 1,375 1,507 2015 3,453,702 1,015 3,403 2016 4,144,443 1,015 4,083 2017 3,108,332 885 3,512 2018 20,646,121 885 23,329

Tahun d

1

po g Total

2014 2,072,221 1,375 10% 2%

2015 3,453,702 1,015 10% 4%

2016 4,144,443 1,015 10% 4%

2017 3,108,332 885 10% 4%

2018 20,646,121 885 10% 26%

EVA PT. Akasha Wira Internaional Tbk.

2014 2015 2016 2017 2018

NOPAT 52,000 55,510 67,320 63,947 87,161 Capital Charges (1,558,921,279,190) 1,479,039,794,508 1,641,820,644,018 794,483,164,290 1,130,106,320,350 EVA 1,558,921,331,190 (1,479,039,738,998) (1,641,820,576,698) (794,483,100,343) (1,130,106,233,189)

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Perhitungan NOPAT

2014 2015 2016 2017 2018

EBIT 41.511 44.175 61.636 51.095 70.060 1-Tarif Pajak - 10.489 - 11.335 - 5.684 - 12.852 - 17.101 NOPAT 52.000 55.510 67.320 63.947 87.161

Indikator Tahun

2014 2015 2016 2017 2018

Invested Capital 784,304 827,241 833,364 779,894 691,563 WACC (1,987,649) 1,787,919 1,970,112 1,018,707 1,634,134 Capital Charges (1,558,921,279,190) 1,479,039,794,508 1,641,820,644,018 794,483,164,290 1,130,106,320,350

Total Hutang

(TH)

Total Ekuitas (TE)

Hutang Jangka Pendek (HJP)

IC

2014 209,066 732,138 156,900 784,304 2015 324,855 701,750 199,364 827,241 2016 383,031 645,799 195,466 833,364 2017 417,225 607,557 244,888 779,894 2018 399,361 554,599 262,397 691,563

Indikator

Tahun

Tahun Beban Bunga THT.J.Panjang Total 1-t kd 2014 124.5 52,166 0.24% (10,489) -25 2015 88.1 125,491 0.07% (11,335) -8 2016 198.9 187,625 0.11% (5,684) -6 2017 125.6 172,337 0.07% (12,852) -9 2018 649.9 136,964 0.47% (17,101) -81

TahunDividen Saham Harga Saham Total 2014 760,000 1,375 552.73 2015 760,000 1,015 748.77 2016 760,000 1,015 748.77 2017 760,000 885 858.76 2018 760,000 885 858.76

Tahun d

¹

po g Total

2014 760,000 1,375 10% 61%

2015 760,000 1,015 10% 82%

2016 760,000 1,015 10% 75%

2017 760,000 885 10% 94%

2018 760,000 885 10% 95%

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Lampiran 2 MVA PT. Delta Djakarta Tbk.

Keterangan MVE

Harga Saham Akhir Tahun

Jumlah Saham Beredar

2014 390.000 16.013.181 6.245.140.590.000 2015 5.200 800.659.050 4.163.427.060.000 2016 5.000 800.659.050 4.003.295.250.000 2017 4.590 800.659.050 3.675.025.039.500 2018 5.500 800.659.050 4.403.624.775.000 Tahun

Indikator

Total

Keterangan BVE

Jumlah Saham Beredar

Nilai Nominal Saham

2014 16.013.181 1.000 16.013.181.000 2015 800.659.050 1.000 800.659.050.000 2016 800.659.050 20 16.013.181.000 2017 800.659.050 20 16.013.181.000 2018 800.659.050 20 16.013.181.000

Indikator

Total Tahun

Perhitungan MVA

2014 2015 2016 2017 2018

MVA 6.245.140.590.000 4.163.427.060.000 4.003.295.250.000 3.675.025.039.500 4.403.624.775.000 BVE 16.013.181.000 800.659.050.000 16.013.181.000 16.013.181.000 16.013.181.000 Total 6.229.127.409.000 3.362.768.010.000 3.987.282.069.000 3.659.011.858.500 4.387.611.594.000

MVA PT. Multi Bintang Indonesia Tbk.

Keterangan MVE

Harga Saham Akhir

Tahun Jumlah Saham Beredar

2014 424.600 21.070.000.000 8.946.322.000.000.000 2015 8.650 21.070.000.000 182.255.500.000.000 2016 11.792 21.070.000.000 248.457.440.000.000 2017 14.033 21.070.000.000 295.675.310.000.000 2018 15.922 21.070.000.000 335.476.540.000.000 Tahun

Indikator

Total

(9)

Keterangan BVE

Jumlah Saham Beredar Nilai Nominal Saham

2014 21.070.000.000 10 210.700.000.000 2015 21.070.000.000 10 210.700.000.000 2016 21.070.000.000 10 210.700.000.000 2017 21.070.000.000 10 210.700.000.000 2018 21.070.000.000 10 210.700.000.000

Indikator

Total Tahun

Perhitungan MVA

2014 2015 2016 2017 2018

MVA 8.946.322.000.000.000 182.255.500.000.000 248.457.440.000.000 295.675.310.000.000 335.476.540.000.000 BVE 210.700.000.000 210.700.000.000 210.700.000.000 210.700.000.000 210.700.000.000 Total 8.946.111.300.000.000 182.044.800.000.000 248.246.740.000.000 295.464.610.000.000 335.265.840.000.000

MVA PT. Mayora Indah Tbk.

Keterangan MVE

Harga Saham Akhir Tahun

Jumlah Saham Beredar

2014 20.900 894.347.989 18.691.872.970.100 2015 30.500 894.347.989 27.277.613.664.500 2016 1.645 22.358.699.725 36.780.061.047.625 2017 2.020 22.358.699.725 45.164.573.444.500 2018 2.620 22.358.699.725 58.579.793.279.500 Tahun

Indikator

Total

Keterangan BVE

Jumlah Saham Beredar

Nilai Nominal Saham

2014 894.347.989 500 447.173.994.500 2015 894.347.989 20 17.886.959.780 2016 22.358.699.725 20 447.173.994.500 2017 22.358.699.725 20 447.173.994.500 2018 22.358.699.725 20 447.173.994.500

Indikator

Total Tahun

Perhitungan MVA

2014 2015 2016 2017 2018

MVA 18.691.872.970.100 27.277.613.664.500 36.780.061.047.625 45.164.573.444.500 58.579.793.279.500 BVE 447.173.994.500 17.886.959.780 447.173.994.500 447.173.994.500 447.173.994.500 Total 18.244.698.975.600 27.259.726.704.720 36.332.887.053.125 44.717.399.450.000 58.132.619.285.000

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MVA PT. Sekar Laut Tbk.

Keterangan BVE

Jumlah Saham Beredar

Nilai Nominal Saham

2014 690.470.500 100 69.047.050.000 2015 690.470.500 100 69.047.050.000 2016 690.470.500 100 69.047.050.000 2017 690.470.500 100 69.047.050.000 2018 690.470.500 100 69.047.050.000

Indikator

Total Tahun

Keterangan MVE

Harga Saham Akhir Tahun

Jumlah Saham Beredar

2014 300 690.470.500 207.141.150.000 2015 370 690.470.500 255.474.085.000 2016 308 690.470.500 212.664.914.000 2017 1.100 690.470.500 759.517.550.000 2018 1.500 690.470.500 1.035.705.750.000 Tahun

Indikator

Total

Perhitungan MVA

2014 2015 2016 2017 2018

MVA

207.141.150.000 255.474.085.000 212.664.914.000 759.517.550.000 1.035.705.750.000 BVE 69.047.050.000 69.047.050.000 69.047.050.000 69.047.050.000 69.047.050.000 Total 138.094.100.000 186.427.035.000 143.617.864.000 690.470.500.000 966.658.700.000

MVA PT. Akasha Wira Intrernasional Tbk.

Keterangan MVE

Harga Saham Akhir Tahun

Jumlah Saham Beredar

2014 1.375 589.896.800 811.108.100.000 2015 1.015 589.896.800 598.745.252.000 2016 1.015 542.347.113 550.482.319.695 2017 885 542.343.113 479.973.655.005 2018 885 542.343.113 479.973.655.005 Tahun

Indikator

Total

(11)

Keterangan BVE

Jumlah Saham Beredar

Nilai Nominal Saham

2014 589.896.800 1.000 589.896.800.000 2015 589.896.800 1.000 589.896.800.000 2016 542.347.113 1.000 542.347.113.000 2017 542.343.113 1.000 542.343.113.000 2018 542.343.113 1.000 542.343.113.000

Indikator

Total Tahun

Perhitungan MVA

2014 2015 2016 2017 2018

MVE 811.108.100.000 598.745.252.000 550.482.319.695 479.973.655.005 479.973.655.005 BVE 589.896.800.000 589.896.800.000 542.347.113.000 542.343.113.000 542.343.113.000 Total 221.211.300.000 8.848.452.000 8.135.206.695 (62.369.457.995) (62.369.457.995)

Lampiran 3 Analisis Time Series menggunakan Metode EVA

2014 2015 2016 2017 2018

DLTA Sehat Sehat Sehat Sehat Sehat

MLBI Sehat Sehat Sehat Sehat Sehat

MYOR Tidak Sehat Tidak Sehat Tidak Sehat Tidak Sehat Tidak Sehat

SKLT Tidak Sehat Tidak Sehat Tidak Sehat Tidak Sehat Tidak Sehat

ADES Sehat Tidak Sehat Tidak Sehat Tidak Sehat Tidak Sehat

Kode Emiten Perusahaan

Tahun

Analisis Time Series menggunakan Metode MVA

2014 2015 2016 2017 2018

DLTA Sehat Tidak Sehat Tidak Sehat Tidak Sehat Tidak Sehat

MLBI Sehat Sehat Sehat Sehat Sehat

MYOR Sehat Sehat Sehat Sehat Sehat

SKLT Sehat Sehat Sehat Sehat Sehat

ADES Sehat Sehat Sehat Tidak Sehat Tidak Sehat

Kode Emiten Perusahaan

Tahun