ANALISIS PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM PERUSAHAAN PADA SEKTOR TELEKOMUNIKASI DI BURSA EFEK INDONESIA

Abstract

This research aimed to find out and analyze Net Profit Margin, Return On Assets, and Earnings Per Share on
the stock price. Moreover, the population was 6 telecommunication companies listed on The Indonesia Stock
Exchange 2014-2021. The data collection technique used purposive sampling, in which the sample was based on
the criteria given. Furthermore, the data were secondary, in the form of companies’ financial statements. The data
analysis technique used multiple linear regression with SPSS. The result of the hypothesis test (t-test) showed that
Net Profit Margin had a significantly positive effect on the stock price. However, the Return On Assets had a
negative and insignificant effect on the stock price. In contrast, the Earning Per Share had a positive but
insignificant effect on the stock price. Additionally, based on the determination coefficient result, it showed that
(R square) obtained 0,579. It meant the effect of Net Profit Margin, Return On Assets, and Earning Per Share on
the stock price was 57,9%. While the rest 42,1% was affected by other variables outside the research.