PENGARUH FAKTOR FUNDAMENTAL DAN MAKRO EKONOMI TERHADAP HARGA SAHAM PERUSAHAAN ROKOK DI BEI

Abstract

This research aims to examine the influence of Return On Investments (ROI), Earning Per Share (EPS), Price Earning Ratio (PER), inflation and exchange rate to stock prices at the cigarette companies which is listed in the Indonesia Stock Exchange during the period of 2012-2016. The population in this research was obtained by using the purposive sampling method and based on predetermined criteria, the sample was obtained as many as 3 tobacco companies. The analytical method that been used is multiple linear analysis with using SPSS application tool. This variable that used in the research is Return On Investment (ROI), Earning Per Share (EPS), Price Earning Ratio (PER), inflation and exchange rate as independent variable, and the stock price as dependent variable. The results showed that partially Earning Per Share (EPS), Price Earning Ratio (PER), exchange rate has a significant influence on the stock price of cigarette companies which is listed in the Indonesia Stock Exchange, while Return On Investments (ROI), inflation has no significant influence on the stock prices of cigarette companies which is listed in the Indonesia Stock Exchange. F test results states that the independent variables together influenced the dependent variable under study.
Keywords: Fundamental analysis, internal analysis, external analysis and stock price.