PENGARUH PROFITABILITAS, LEVERAGE, DAN LIKUIDITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN MAKANAN DAN MINUMAN DI BEI

Abstract

This research aimed to analyze and examine the effect of profitability, leverage and liquidity on the stock price in Food and Beverages listed on the Indonesia Stock Exchange (IDX) in the 2017-2020 period. This research was quantitative with a multiple linear regressions analysis method. The research population used food and beverages listed on Indonesia Stock Exchange (IDX). The research sample used the purposive sampling method and it obtained 18 companies listed on Indonesia Stock Exchange. This research used profitability which was measured with Return On Asset (ROA), Leverage was measured with Debt to Equity Ratio (DER) and liquidity was measured with Current Ratio (CR). The research result showed that profitability (ROA) had a positive effect on the stock price, it indicated that the higher of ROA value the higher company’s stock price would attract the investor's interest to invest in those companies. Leverage did not affect the stock price, it showed that investors didn’t see the DER value as the consideration in stock investment in a company. On the other hand, liquidity did not affect the stock price, it showed that CR did not affect the increase or decrease of the company’s stock.
Keywords: profitability, leverage, liquidity, stock price