PENGARUH FAKTOR-FAKTOR FUNDAMENTAL TERHADAP HARGA SAHAM PERUSAHAAN MANUFAKTUR DI BEI

Abstract

This research is aimed to examine the influence of fundamental factors which is proxy by current Ratio, return on equity, debt to equity ratio, and earnings per share to the stock price of manufacturing companies through the annual financial statements which are listed in Indonesia Stock Exchange.The population is all consumer sector manufacturing companies which are listed in Indonesia Stock Exchange (IDX) in 2013-2015 periods. The sample collection technique has been done by using purposive sampling method, so that the total samples are 16 manufacturing companies in the consumer sector manufacturing companies which are listed in Indonesia Stock Exchange. The analysis method has been run by using multiple linear regression analysis and the SPSS (Statistical Product and Service Solution) application tool.The result of this research indicates that current ratio give negative and insignificant influence to the stock prices with its significance level of 0.152. Return on equity shows positive and significant result to stock price with its significance level of 0.000. Debt to equity ratio gives negative and significant influence to the stock price with its significance level of 0.010. Meanwhile, earnings per share shows positive and significant result to the stock price with its significance level of 0.008.
Keywords: Current ratio, return on equity, debt to equity ratio, earnings per share, stock price.