PENGARUH PROFITABILITAS DAN STRUKTUR MODAL TERHADAP HARGA SAHAM PERUSAHAAN PROPERTI DAN REAL ESTATE

Abstract

This research aimed to examine the effect of profitability which was referred to as Return On Equity (ROE), Earning Per Share (EPS), and capital structure which was referred to as Debt to Equity Ratio (DER) on the stock price of Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX). The research was quantitative with secondary data. Moreover, the population was Property and Real Estate companies listed on IDX. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 24 companies during 2020-2022 as the sample. Therefore, there were 72 data observations. Furthermore, the data analysis technique used multiple linear regression. The result concluded that Earning Per Share (EPS) had a positive effect on stock price. It meant that the amount of EPS could be taken as the benchmark of the company's success, as a higher EPS indicated that the companies could give a better wealth level to the stakeholders. Consequently, the information of the rise of EPS would be taken by the market as a good signal in giving positive input for investors making decisions to purchase stocks. On the other hand, profitability (ROE) and capital structure (DER) did not affect stock price, which could be seenfrom other factors that affected the price.