Sampoerna Tbk Research Articles

THE INFLUENCE OF CURRENT RATIO AND DEBT TO EQUITY RATIO ON RETURN ON ASSETS AT PT HANJAYA MANDALA SAMPOERNA TBK FOR THE PERIOD 2013 - 2022

This study examines the influence of Current Ratio (CR) and Debt to Equity Ratio (DER) on Return on Assets (ROA) at PT Hanjaya Mandala Sampoerna Tbk over the period from 2013 to 2022. Using a descriptive quantitative approach, the research aims to clarify the relationship between CR, DER, and ROA in evaluating the company’s financial health and profitability. The findings reveal that CR does not have a significant individual impact on ROA, indicating that the company’s short-term liquidity does not directly affect its asset profitability. Conversely, DER has a significant negative impact on ROA, suggesting that higher debt relative to equity reduces asset returns, primarily due to increased interest burden. Simultaneously, CR and DER together have a significant impact on ROA, highlighting the need for balanced management of liquidity and leverage to maximize profitability. This study provides insights for company management and investors in assessing the financial strategies related to liquidity and debt structure to improve asset returns.

Navigating the Tech Frontier: Embracing Innovation in Modern Organizations

This study investigates the impact of advanced technology adoption on competitive advantage at PT HM Sampoerna Tbk, focusing on the roles of change management and strategic alignment. Utilizing a quantitative research design with random sampling of 75 employees and analyzing data through Smart PLS, the research reveals that advanced technology adoption significantly enhances competitive advantage with a path coefficient of 0.60. Change management is identified as a critical mediator, with a significant indirect effect of 0.23, highlighting its importance in maximizing the benefits of technological advancements. Strategic alignment also influences competitive advantage, though its indirect effect through change management is marginally significant at 0.16. The findings underscore the necessity for organizations to effectively align technology adoption with strategic objectives and manage change processes to fully capitalize on technological innovations for sustained competitive success.

Pengaruh Kepemimpinan dan Iklim Organisasi Terhadap Kinerja Karyawan pada PT. HM Sampoerna Tbk Padang

This study aims to examine and analyze the influence of leadership and organizational climate on employee performance at PT. HM Sampoerna Tbk, Padang where the variable X is leadership and organizational climate. Dependent variable is employee performance. The study population was 184 and a sample of 98 respondents. This study used a classical assumption test consisting of normality test, multiculity test, herosadicity test and multiple regression test, t test and F test. Results of the research variable leadership has a positive and insignificant effect on employee performance at PT. HM Sampoerna Tbk Padang, the organizational climate variable has a positive and significant effect on employee performance at PT. HM Sampoerna Tbk Padang and leadership variables and organizational climate together or simultaneously have a significant and significant effect on employee performance at PT. HM Sampoerna Tbk Padang.

The Effect of Sustainable Alternative Cigarette to the Valuation of PT. Hanjaya Mandala Sampoerna, Tbk. (HMSP.JK)

This research investigates the impact of sustainable alternative cigarettes on the valuation of PT Hanjaya Mandala Sampoerna Tbk (HMSP.JK), a leading tobacco company in Indonesia and a subsidiary of Philip Morris International (PMI), which is actively pursuing a smoke-free future. With growing global awareness of the health risks associated with traditional cigarettes, there has been a shift towards alternative tobacco products perceived as less harmful. This study evaluates how the introduction and adoption of these alternative products influence the company's market valuation. Using a comprehensive valuation model that integrates financial analysis, industry trends, and potential growth of the alternative cigarette market, the research applies discounted cash flow (DCF) analysis to the projected 10Y HMSP’s FCFF. The evaluation was conducted under three scenarios based on the rate of acceptance of Heated Tobacco Sales (HTU) in the market both domestic and international. In the scenario analysis, the projected stock price varies significantly depending on the rate of HTU sales. Under the most optimistic scenario (Scenario 3/10% HTU revenue mix), the stock price shows substantial upside potential up to 92% with intrinsic value of Rp. 1,297. The market price of HMSP’s share is at Rp. 675 as of August 1, 2024, which indicated that current share price is undervalued. Therefore, it is recommended for investor to buy HMSP stock at current price. Based on these insights, the Author recommends that Sampoerna’s management focus on accelerating the adoption of alternative products, navigating regulatory challenges proactively, and enhancing consumer education to solidify its market position in this evolving landscape.

Implementation of ESG as a Strategy for Business Sustainability in a Public-Listed Tobacco Company in Indonesia

Environmental, Social, and Governance (ESG) has been introduced to the business communities for the past two decades. It has grown in importance as a framework for measuring a company’s sustainability and as a guide for investment decision-making. In Indonesia, the publicly listed companies at the Indonesia Stock Exchange (IDX) have been required to implement and report ESG practices since 2021 through a regulation issued by the Financial Services Authority (OJK) in 2017. Among those is a tobacco company operating in Indonesia, PT HM Sampoerna Tbk. (Sampoerna/The Company/IDX: HMSP) that has been an affiliate of an international tobacco company, Philip Morris International (PMI), since 2005. The tobacco industry’s ESG implementation is particularly interesting due to the adverse externalities generated by its products, which is stated by WHO as one of the biggest issues for public health. This research focuses on analyzing the company’s ESG initiatives and creating improvement strategies in the context of a company operating in the tobacco industry with the objective of maximizing the role of ESG implementation to ensure business sustainability.

Pengaruh Earning Per Share Dan Return On Assets Terhadap Harga Saham (Studi Pada PT. Hanjaya Mandala Sampoerna Tbk)

This study aims to determine the effect of earnings per share and return on assets on stock prices (studies at PT. Hanjaya Mandala Sampoerna Tbk). The research problem in this study is whether Earning Per Share (EPS) and Return On Assets (ROA) partially and simultaneously affect the stock price at PT. Hanjaya Mandala Sampoerna Tbk. The research method uses the Multiple Linear Regression analysis technique with SPSS version 26. Based on the results of the analysis, it can be concluded that partially the Earning Per Share (EPS) variable has a positive and significant effect on stock prices, the Return On Assets (ROA) variable has no effect on prices share. Simultaneously the EPS and ROA variables affect stock prices. The coefficient of determination (R2) in this study is 0.810, meaning that EPS and ROA affect stock prices by 81% and the remaining 19% is influenced by other variables not included in this study

Analysis of Clove Supply in Jombang District Regency, East Java Province, Indonesia (Case Study CV Mega Tiga Anugrah)

Cloves are an agricultural commodity that has great potential. CV Mega Tiga Anugrah is a clove supplier located on Java Island, where the clove supply is obtained from farmers from various regions on Sulawesi Island. This research aims to analyze product flows, money flows and information flows as well as the supply chain actors’ activities. This research uses a descriptive qualitative method with a case study approach. The research results show that the clove supply chain mechanism starts from the flow of products from farmers, small collectors, medium collectors, large collectors, and CV companies. Mega Tiga Anugrah, until they reached the cigarette factory. The flow of information in the clove supply chain is well integrated between supply chain actors, while the flow of money occurs by the agreement of the supply chain actors. Supply chain activities consist of two actors in the supply chain, namely the main and supporting actors. The main actors are farmers, small, medium, and large collectors, and the CV Mega Tiga Anugrah company. Meanwhile, the supporting actors include transport workers, factory workers, and the Cigarette Factory Company PT Hanjaya Mandala Sampoerna Tbk.

ANALISIS RASIO KEUANGAN MENGGUNAKAN TIME SERIES DAN CROSS SECTION UNTUK MENILAI KINERJA KEUANGAN PERUSAHAAN

The purpose of this study was to analyze the financial ratios of manufacturing companies listed on the IDX for the 2019-2023 period using financial ratio analysis, namely liquidity ratios, profitability ratios and activity ratios to assess the company's financial performance. The type of research used by researchers is descriptive quantitative using time series and cross sections, the data used in this research is secondary data, the results of the research show the average value of liquidity ratio PT. Gudang Garam Tbk. has the highest average current ratio and quick ratio values, while the highest average cash ratio is at PT. HM Sampoerna Tbk. The highest average value of activity ratio and profitability ratio of the three companies, namely PT. Gudang Garam Tbk. and PT. Bentoel International Investama Tbk. are PT. HM Sampoerna Tbk., this shows that the ability of PT. HM Sampoerna Tbk. more efficient in daily activities and the profits obtained within a period of 5 years (2019-2023) are more effective than PT. Gudang Garam Tbk and PT. Bentoel International Investama Tbk.

FINANCIAL PERFORMANCE BEFORE AND AFTER THE IMPLEMENTATION OF GOVERNMENT REGULATION NUMBER 109 OF 2012 AT PT. GUDANG GARAM Tbk. DANPT. HM SAMPOERNA Tbk.

The purpose of this research is to find out whether the Financial Performance of PT. Gudang Garam Tbk. and PT. HM Sampoerna Tbk. experienced a decline after the implementation of Government Regulation Number 109 of 2012. Data analysis used in this research used quantitative descriptive methods by comparing financial ratios consisting of liquidity, solvency, activity and profitability ratios. The research results show that the financial performance of PT. Gudang Garam Tbk. and PT. HM Sampoerna Tbk. tended to decline after the implementation of Government Regulation Number 109 of 2012.

Pengaruh Earning Per Share Dan Return On Assets Terhadap Harga Saham

This study aims to determine the effect of earnings per share and return on assets on stock prices (studies at PT. Hanjaya Mandala Sampoerna Tbk). The research problem in this study is whether Earning Per Share (EPS) and Return On Assets (ROA) partially and simultaneously affect the stock price at PT. Hanjaya Mandala Sampoerna Tbk. The research method uses the Multiple Linear Regression analysis technique with SPSS version 26. Based on the results of the analysis, it can be concluded that partially the Earning Per Share (EPS) variable has a positive and significant effect on stock prices, the Return On Assets (ROA) variable has no effect on prices share. Simultaneously the EPS and ROA variables affect stock prices. The coefficient of determination (R2) in this study is 0.810, meaning that EPS and ROA affect stock prices by 81% and the remaining 19% is influenced by other variables not included in this study.

PENGARUH CURRENT RATIO, TOTAL ASSET TURNOVER, NET PROFIT MARGIN TERHADAP PERTUMBUHAN LABA PADA PT HM SAMPOERNA Tbk BEI

This study aims to determine whether there is an effect of Current Ratio (CR), Total Asset Turnover (TATO), and Net Profit Margin (NPM) on profit growth at PT HM Sampoerna Tbk on the Indonesia Stock Exchange in 2017-2021. This type of research is quantitative, while the data used is secondary data obtained from the financial statements of PT HM Sampoerna Tbk for 2017-2021. Data analysis techniques used descriptive statistical tests, normality tests, classic assumption tests, multiple linear regression analysis, hypothesis testing which consisted of partial tests (t test) and simultaneous tests (f test) and R2 determinant coefficient tests were processed using SPSS version 25. The results of this study indicate that the results of the t current ratio (CR) test and total asset turnover (TATO) partially (t test) have no effect on profit growth, and net profit margin (NPM) partially affect profit growth. Meanwhile, simultaneously (f test) shows that the current ratio (CR), total asset turnover (TATO), and net profit margin (NPM) have an effect on profit growth.

Sampoerna Retail Community Program Corporate Social Responsibility Communication Strategy in Marga Mulya, Bekasi City

The CSR program is a company commitment to support the creation of sustainable development. PT HM Sampoerna Tbk is one of the companies in Indonesia that implements a CSR program. The CSR program they run is the Sampoerna Retail Community (SRC), which aims to foster partner grocery stores to become more innovative and competitive. In this research stage, the literature review was carried out with a systematic approach, by referring to various sources available in various research databases. After the screening process, 7 articles were selected to proceed to the next stage. The results of the research are that PT HM Sampoerna Tbk has successfully implemented the Corporate Social Responsibility (CSR) program with a mature and effective communication strategy. The steps taken by the company, starting from setting clear goals, actively communicating with various stakeholders, to involving the community in planning and implementing programs, have had a significant positive impact

Perbandingan Rasio Keuangan (Likuiditas, Leverage, Profitabilitas dan Aktivitas) pada PT Gudang Garam Tbk dan PT HM Sampoerna Tbk Tahun 2021

This study compares the financial ratios between PT Gudang Garam Tbk and PT HM Sampoena in 2021 which aims to see the capabilities of the two companies in each of their financial ratios. The results of this study indicate that the ability of the two companies, namely PT Gudang Garam Tbk and PT HM Sampoerna Tbk, in financial performance with four ratios, namely: the liquidity ratio with the proxy current ratio that PT Gudang Garam Tbk is in better condition than PT HM Sampoerna Tbk and the quick ratio of the two companies is not in good condition, the cash ratio of PT HM Sampoerna Tbk is in good condition than PT Gudang Garam Tbk. The leverage ratio proxied by the debt to asset ratio and the debt to equity ratio of the two companies shows a healthy condition. Meanwhile, the activity ratio, including fixed asset turnover, PT HM Sampoerna Tbk generates more income, as well as its total asset turnover is more than that of PT Gudang Garam Tbk. The profitability ratio proxied by net profit margin (NPM), return on assets (ROA) and return on equity (ROE) at PT HM Sampoerna Tbk is higher in value than PT Gudang Garam Tbk.

Rancang Bangun Aplikasi Pendataan Kendaraan Operasional Menggunakan Metode Prototipe

PT. HM Sampoerna Tbk is a leading tobacco company in Indonesia as well as an affiliate of the world's leading tobacco company, Philip Morris International, which has many operational vehicles to support the process of distributing their products but the process of managing operational vehicles for maintenance or repair is still not optimal. Operational vehicles that are poorly maintained can cause problems with the vehicle at any time, causing large losses for the company. Operational vehicle maintenance must be carried out regularly so that the company's operational activities are not disrupted and to keep the vehicle in good condition and primed for traveling to distribute the company's products. The author develops an operational vehicle data collection application using the prototype method, namely rapid software development to present an overview of existing ideas and problems and then obtain feedback from users so that prototypes can be repaired immediately. The application design uses DFD and ERD and the results obtained from this research are applications that can provide information about the history of operational vehicle repairs, remind operational vehicle data management staff to carry out periodic maintenance.

Analysis of the Financial Performance of Manufacturing Companies in the Cigarette Sub-Sector of the Consumer Goods Industry

The purpose of conducting research is to analyze the financial performance of cigarette companies listed on the Indonesia Stock Exchange (IDX) in 2015-2019 through analysis of liquidity, solvency, activity, and profitability ratios. The research data is secondary data obtained indirectly from third parties or through documents. The data source for this research was obtained from the internet via the official website of the Indonesia Stock Exchange (IDX), www.idx.co.id, in the form of annual reports of companies in the cigarette sector in the consumer goods industry for 2016-2019. The results showed that the company Gudang Garam Tbk had excellent performance; this was evidenced by the liquidity, solvency ratio, activity ratio, and the company's profitability ratio, which continued to fluctuate and tended to increase. The company H. M Sampoerna Tbk has performed exceptionally well, evidenced by the ratio of liquidity and solvency, and is terrible when judged by the ratio of activity and profitability. The company Bentoel International Investama has a poor performance, evidenced by its profitability ratio, which experiences losses yearly, but the ratio of liquidity, solvency, and activity fluctuates. PT. Wismilak Inti Makmur has performed exceptionally well, judging from its liquidity, solvency, and profitability ratios. However, in terms of its activity ratio, it has performed quite poorly because its value continues to decline.Keywords:Liquidity Ratio; Solvency Ratio; Activity Ratio; Profitability Ratio

Transformasi Toko Kelontong Konvensional Menjadi Toko Kelontong Masa Kini Pada SRC Tata di Bandar Lampung

The purpose of this case was to find out how to Tata's grocery store changed to Sampoerna Retail Community (SRC). Find out what applications have been provided by PT HM Sampoerna for retail stores in attracting people to shop for their daily needs so that Sampoerna Retail Community (SRC) Tata can compete with other MSMEs. This type of research uses qualitative research by selecting Sampoerna Retail Community (SRC) Tata and 3 informants who are considered to have opinions and information regarding the Transformation of Conventional Grocery Stores into Today's Grocery Stores at SRC Tata in Bandar Lampung. Data collected in the form of: Documentation and in-depth interviews with informant source. The results of this case to tell that Sampoerna Retail Community (SRC) is a program launched by PT HM Sampoerna Tbk to assist and foster retailers in managing their stores in developing digitalized businesses to overcome high competition between MSMEs, which is the first in Medan in 2008 and then in 2017, Toko Tata joined Sampoerna Retail Community (SRC) until now using applications (Come on SRC Shop, Come on SRC Grocery, Come on Cashier and Pojok Pay) made by SRC himself.

Accounting Analisis Perbandingan Rasio Profitabilitas Menggunakan Net Profit Margin Dan Return On Equity Pada Sub Sektor Rokok Yang Listing Di Bursa Efek Indonesia

This study aims to determine the comparative analysis of profitability ratios using net profit margin and return on equity in the cigarette sub-sector listed on the Indonesian stock exchange in 2014 to 2021. The method used in this study is the comparative analysis method. The population used in this study is the financial report of PT. Gudang Garam Tbk and Pt. Hm Sampoerna Tbk in the form of profit and loss statement data and an audited balance sheet in the form of a report on net income, sales and capital of PT. Gudang Garam Tbk from 1990 to 2021 which is for 31 years and Pt. Hm Sampoerna Tbk from 1990 to 2021, which is for 31 years. The financial statements were analyzed using profitability ratios to determine the performance of each cigarette industry. The ratio used is NPM AND ROE. The sampling technique used is purposive sampling, where the number of samples is obtained for 8 years (2014-2021). The data used are secondary data sourced from the financial reports of PT. Gudang Garam Tbk and Pt. Hm Sampoerna Tbk which is listed on the Indonesia Stock Exchange (IDX). The data analysis technique used is the Independent Test Sample T test or two-average difference test is used to test the two averages of two independent data groups and test the hypothesis using the t-statistical test using the SPSS 16.0 test. The results of the study show that there are differences in Net Profit Margin (NPM) and return on equity (ROE) at PT. Gudang Garam, Tbk with PT. HM Sampoerna, tbk.

ANALISIS TINGKAT KEBANGKRUTAN DENGAN MENGGUNAKAN METODE ALTMAN Z – SCORE PADA PERUSAHAAN ROKOK YANG TERDAFTAR DI BEI

This study aims to determine the level of bankruptcy in Cigarette Companies Listed on the Indonesia Stock Exchange (IDX) using the Altman Z-Score Method. The data used is secondary data obtained by using documentation techniques. The population in this study were all cigarette companies listed on the Indonesia Stock Exchange for the 2016-2020 period. So that the samples used in this study were PT Gudang Garam Tbk, PT HM Sampoerna Tbk, PT Wismilak Inti Makmur Tbk, and PT Bentoel Internasional Investama Tbk. The data analysis technique used is descriptive analysis which provides an overview of the financial performance condition of the Cigarette Company based on the resulting financial statements. The results of this study indicate that there are three companies that are predicted to be in the category of not bankrupt or healthy within a period of five years, namely PT. Gudang Garam Tbk, PT. HM Sampoerna Tbk, and PT. Wismilak Inti Makmur Tbk. While PT. Bentoel Internasional Investama Tbk, only in 2016 was categorized in a healthy condition. Meanwhile, in 2017-2020 the company is predicted to be in a gray area condition.

Pengaruh Return On Equity (ROE), Return On Assets (ROA) Dan Net Profit Margin (NPM) Terhadap Harga Saham PT Handjaja Mandala Sampoerna (HMSP) Tbk. Tahun 2011-2020

This study aims to determine the effect of Return On Equity (X1), Return On Assets (X2), and Net Profit Margin (X3) to Stock Price (Y) at PT Handjaja Mandala Sampoerna (HMSP) Tbk. Year 2011-2020. Population in this study are the financial statements of PT Handjaja Mandala Sampoerna (HMSP) Tbk. and the sampling of 40 in this study is financial statements of PT Handjaja Mandala Sampoerna (HMSP) Tbk. quarterly from 2011-2020. Based on the results of multiple linear regression test the regression equation obtained is Y = 3411.421 – 13.683X1 – 15.000X2 + 65.210X3 + e. Based on the results of the partial test, it was found that the variable Return On Equity has a significant effect on Stock Prices, Return On Assets does not significant effect on the Stock Price, While the Net Profit Margin significant effect on Stock Prices. Simultaneous test results it is known that Return On Equity, Return On Assets, and Net Profit Margin do not significant effect on Stock Prices. R Square value in research this is 0.146 which means the ability of the independent variable to explain the dependent variable is 14.6%. The remaining 85.4% is influenced by the variable other than this research model.

BANKRUPTCY PREDICTION ANALYSIS OF MANUFACTURING COMPANIES CONSUMER GOODS INDUSTRY SECTOR USING ALTMAN Z-SCORE METHOD DURING THE COVID-19 PANDEMIC

The main problem in this thesis is that during the Covid-19 pandemic in 2020 the company experienced a decline in sales and company profits also decreased and some even experienced losses, and the company's total debt increased, this led to the factors that led to the company's bankruptcy. The purpose of this study was to determine the prediction of company bankruptcy before the pandemic and during the pandemic using the first Altman Z-Score model. The type of research used is descriptive research. The research method used is quantitative. Data collection techniques through documentation in the form of financial reports of eleven companies engaged in the Consumer Goods Industry Sector listed on the IDX for the 2017-2020 period through the official website www.idx.co.id. The data analysis technique used the first model Altman Z-Score method. The results of research that have been conducted on eleven companies engaged in the Consumer Goods Industrial Sector listed on the IDX in the 2017-2020 period, namely the period before the pandemic and during the Covid-19 pandemic using the Almant Z-Score method, obtained the following results: First, companies that are not affected by the pandemic are PT. HM Sampoerna Tbk and PT. Bantoel International Investama Tbk, and PT Sariguna Primatirta Tbk. Second, the companies affected by the pandemic are PT. Kino Indonesia Tbk, PT. Akasha Wira International Tbk, PT. Campina Ice Cream Industri Tbk, PT. Prima Cakrawala Abadi Tbk. Third, for other companies, namely PT. Merck Tbk, PT. Martina Berto Tbk, PT. FKS Food Sejahtera Tbk, and PT. Kedaung Indah Can Tbk was in a dangerous zone in the period before the pandemic and during the pandemic