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EBIT 3,604,727,150

TAX RATE 25%


NOPAT 2,703,545,363 19617851893
TOC 30,978,049,854
WACC 18%
Dollar cost of capital 5,538,875,314
eva calculation (2,835,329,951)

30978049854
Estimating beta using historical data

Date WIKA IHSG r.WIKA r.IHSG SBI R.AALI R.IHSG


1/31/2018 2,080 6,606 -0.0745 -0.0014 0.4% -0.0785 -0.0054
2/28/2018 1,925 6,597 -0.1273 -0.0618 0.4% -0.1313 -0.0658
1/3/2019 1,680 6,189 -0.0565 -0.0313 0.4% -0.0605 -0.0353
1/4/2019 1,585 5,995 0.0536 -0.0018 0.4% 0.0496 -0.0058
1/5/2019 1,670 5,984 -0.2066 -0.0309 0.4% -0.2106 -0.0349
1/6/2019 1,325 5,799 0.1698 0.0236 0.4% 0.1658 0.0196
1/7/2019 1,550 5,936 0.0000 0.0138 0.4% -0.0040 0.0098
1/8/2019 1,550 6,018 -0.1194 -0.0068 0.4% -0.1234 -0.0108
1/9/2019 1,365 5,977 -0.1941 -0.0243 0.4% -0.1981 -0.0283
1/10/2019 1,100 5,832 0.3682 0.0384 0.4% 0.3642 0.0344
1/11/2019 1,505 6,056 0.0997 0.0230 0.4% 0.0957 0.0190
1/12/2019 1,655 6,195 0.0091 0.0546 0.4% 0.0051 0.0506
1/1/2019 1,670 6,533 KESIMPULAN: BETA DIATAS 2.5, M
Tingkat bunga pinjaman perusahaan
SD 0.0000 0.1641 0.0332
Beta 0.0000 3.5006 1.0000
Corr 0.0000 0.7082 TOC=

R.AALI = r.AALI - SBI


R.ASII = r.ASII - SBI
R.IHSG = r.IHSG - SBI

707,321,016
6,084,622,512
213,628,754
2,793,906,635
ULAN: BETA DIATAS 2.5, MAKA KITA TIDAK BISA MENGGUNAKAN BETA UNTUK MENAKSIR WACC. KITA AKAN MENGGUNAKAN TINGKAT BUNGA PINJAMAN PERUSAHA
unga pinjaman perusahaan
AT BUNGA PINJAMAN PERUSAHAAN+4%