PENGARUH FAKTOR - FAKTOR FUNDAMENTAL TERHADAP HARGA SAHAM PADA PERUSAHAAN TELEKOMUNIKASI

Abstract

This research is meant to find out the influence of fundamental factor which consists of Net Profit
Margin, Return on Equity, Earning per Share, Price Earning Ratio, dan Price to Book Value to the
stock price at telecommunication companies which are listed in the IDX in 2010-2014 periods. The
samples of this research are 5 telecommunication companies which have been selected by using
purposive sampling method during the observation periods of 2010-2014. The secondary data source of
this research has been retrieved from Indonesia Stock Exchange. The analysis technique has been done
by using multiple linear analyses. Based on the result of the test, it shows that Net Profit Margin and
Earning p
er Share have significant influence to the stock price, meanwhile Return on Equity, Price
Earning Ratio, and Price to Book Value do not have any significant influence to the stock price.
Coefficient determination is 64.7% which means that stock price is feasible to be explained by the
variables i.e. Net Profit Margin, Retrun on Equity, Earning per Share, Price Earning Ratio, and Price
To Book Value. Meanwhile the remaining is 35.3% which is explained by other variables outside of the
regression model.

Keywords: NPM, ROE, EPS, PER, PBV