PENGARUH PROFITABILITAS, LIKUIDITAS, DAN STRUKTUR MODAL TERHADAP HARGA SAHAM PADA PT KIMIA FARMA TBK (TAHUN 2014-2020)

Abstract

This research aimed to find out and analyze the effect of profitability (ROA), liquidity (CR), and capital structure (DER) on companies’ stock price at PT. Kimia Farma Tbk 2014-2020. The profitability was measured by Return On Asset, Liquidity was measured by Current Ratio, and Capital Structure was measured by Debt to Equity Ratio. The data collection technique used purposive sampling, in which the sample was based on the criteria given. Furthermore, the research was quantitative, with secondary data from companies’ financial statements. The data analysis technique used multiple linear regression with SPSS (Statistical Package for the Social Science) 26. The hypothesis test (t-test) showed that profitability had a positive but insignificant effect on the stock price of Food and Beverage companies. In contrast, liquidity (CR) negatively and significantly affected the stock price of Food and Beverage companies..However, capital structure (DER) had a positive but insignificant impact on the stock price of Food and Beverage companies.