PENGARUH NPM, ROE, EPSTERHADAP RETURN SAHAM PADA PERUSAHAAN FARMASI DI BEI

Abstract

The purpose of this research is to find out the influence of net profit margin, return on equity, and
earnings per share to the Stock return. The population is 10 pharmaceutical companies which are
listed in Indonesia Stock Exchange in 2010-2014 periods which have been obtained by using purposivesampling method. The data is the secondary data which is the financial statement of pharmaceuticalcompanies which are listed in Indonesia Stock Exchange. The analysis method has been carried out byusing multiple linear regressions and the instrument of SPSS 20 version. The independent variablesare net profit margin, return on equity, and earnings per share. Meanwhile, the dependent variable isstock return. The assumption test of multicollinearity shows that multicollinearity does not occur. Theassumption test of heteroscedasticity shows that heteroscedasticity does not occur.The net profitmargin (NPM) t test has positive influence to the stock return because its significance is 0.010
(<0.050). The return on equity (ROE) t test has negative influence to the stock return because itssignificance is 0.787 (>0.05). The earnings per share (EPS) t test has positive influence to the stockprice because its significance is 0.029 (<0.050).

Keywords: net profit margin, return on equity, earning per share, stock return.