7/25/2019 Analisis COC PT. Unilever Indonesia Tbk

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Analysis By : Ahmad Sulaemi_0221.12.349

Check By : Dede Sofyan_0221.12.348DATA MANAJEMEN KEUANGAN LANJUTAN UNTUK UAS

A. Perhitungan Beta PT. Unilever Indonesia TbkTahun 2014

Tanggal IHSG Return Maket Harga Saham Return Saham

02/12/2013 4.274.176.758 26000

02/01/2014 4.418.756.836 0,0338 28550 0,0981

03/02/2014 462.021.582 -0,8954 28575 0,0009

03/03/2014 4.768.276.855 9,3205 29250 0,0236

01/04/2014 4.840.145.996 0,0151 29250 0

02/05/2014 4.893.908.203 0,0111 29125 -0,0043

02/06/2014 4.878.582.031 -0,0031 29275 0,0052

01/07/2014 5.088.801.758 0,0431 30750 0,0504

04/08/2014 5.136.862.793 0,0094 31025 0,0089

01/09/2014 5.137.579.102 0,0001 31800 0,025

01/10/2014 5.089.546.875 -0,0093 30400 -0,04403/11/2014 5.149.888.184 0,0119 31800 0,0461

01/12/2014 5.226.946.777 0,015 32300 0,0157

(Sumber : Yahoo Finance )

SUMMARY OUTPUT

Regression Statistics

Multiple R 0,061926755

R Square 0,003834923

Adjusted R Square -0,095781585

Standard Error 0,036722995

Observations 12

ANOVA

df SS MS F Significance F

Regression 1 5,1916E-05 5,1916E-05 0,038496862 0,848378688

Residual 10 0,013485784 0,001348578

Total 11 0,0135377

Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95,0% Upper 95,0%

Intercept 0,018231475 0,010989884 1,65893249 0,128119212 -0,006255512 0,042718 -0,006255512 0,042718463

Return Market 0,000797724 0,004065744 0,196206172 0,848378688 -0,008261317 0,009857 -0,008261317 0,009856765

BETA SAHAM ADALAH 0,0008

7/25/2019 Analisis COC PT. Unilever Indonesia Tbk

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Analysis By : Ahmad Sulaemi_0221.12.349

Check By : Dede Sofyan_0221.12.348DATA MANAJEMEN KEUANGAN LANJUTAN UNTUK UAS

B. Perhitungan Presentasi Pajak

Laba Sebelum Pajak 7.676.722.000.000

Beban Pajak 1.938.199.000.000

Presentas e Pajak 25,25%

7/25/2019 Analisis COC PT. Unilever Indonesia Tbk

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Analysis By : Ahmad Sulaemi_0221.12.349

Check By : Dede Sofyan_0221.12.348DATA MANAJEMEN KEUANGAN LANJUTAN UNTUK UAS

D. Risk Free Rate Indonesia

Desember 2014 7,85%

(Sumber : www.market-risk-primea.com)

7/25/2019 Analisis COC PT. Unilever Indonesia Tbk

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Analysis By : Ahmad Sulaemi_0221.12.349

Check By : Dede Sofyan_0221.12.348DATA MANAJEMEN KEUANGAN LANJUTAN UNTUK UAS

(Dalam jutaan Rupiah)

AKUN Nilai Comp. Int. Rate Cost of Debt WACC

UTANG JANGKA PENDEK

Deutsche Bank AG 800.000 13,68% 8,50% 6,35% 0,87%

PT. Bank Mizuho Indonesia 250.000 4,27% 9,45% 7,06% 0,30%

JP Morgan Chase 100.000 1,71% 8,59% 6,42% 0,11%

JP Morgan Chase 100.000 1,71% 8,61% 6,44% 0,11%

TOTAL UTANG 1.250.000 21,37% 1,39%

EKUITAS

Modal Saham 76.300 1,30% 0,07546 0,10%

Tambahan Modal disetor 96.000 1,64% 0,07546 0,12%

Laba ditahan 4.426.482 75,68% 0,07546 5,71%

Total Ekuitas 4.598.782 78,63% 5,93%

Total Modal 5.848.782 100% 7,32%

7,32

KETERANGANPajak 25,25%

Beta 0,0008

Bunga Bebas Resiko 7,54%

Risk Free Rate 7,85%

Keterangan rumus yang digunakan

Cost of Debt = Suku Bunga X (1 - Pajak)

WACC Debt = Cost of Debt X Komposisi

Cost of Equity Modal Saham = Bunga Bebas Resiko + (Risk Free Rate X Beta Saham)

WACC Equity = Cost of Equity X Komposisi

TOTAL WACC ATAU COST OF CAPITAL PT.UNILEVER INDONESIA TBK :

PERHITUNGAN COST OF CAPITAL PT. UNILEVER INDONESIA TBK

BERDASARKAN LAPORAN KEUANGAN TAHUN 2014

Keterangan Suku Bunga