PENGARUH ANALISIS FUNDAMENTAL TERHADAP HARGA SAHAM PADA SUB SEKTOR KABEL DI BEI

Abstract

This research is aimed to find out the influence of fundamental analysis which is proxy by net profit margin, return on asset, price earnings ratio and debt to equity ratio to the stock prices. The population has been selected by using purposive sampling method at Sub-sector Cable Companies which are listed in Indonesia Stock Exchange (IDX) in 2011-2016 periods and based on the predetermined criteria, 5 Sub-sector Cable Companies have been selected as samples. The analysis method has been done by using multiple linear regression analysis and the SPSS (Statistical Product and Service Solutions) application tool. The results show that return on asset give positive and significant influence to the stock prices with its regression coefficient of 471.830 and the significance level of 0.002. Debt to Equity Ratio give positive and significant influence to the stock price with its regression coefficient of 459.595 and the significance level of 0.020, whereas net profit margin and price earnings ratio do not have any significant influence to the stock price. Simultaneously, net profit margin, return on asset, price earnings ratio and debt to equity ratio give significant influence to the stock price with its significance level of 0.004.
Keywords: NPM, ROA, PER, DER and stock prices