PENGARUH PROFITABILITY RATIO DAN CURRENT RATIO TERHADAP HARGA SAHAM PADA PERUSAHAAN FARMASI

Abstract

This research is meant to find out the influence of profitability ratio and current ratio to the stock price
of the pharmaceutical companies which are listed in Indonesia Stock Exchange (IDX) both
simultaneous and partial and to find out which one of these independent variables that has significant
influence to the stock price of pharmaceutical companies which are listed in Indonesia Stock Exchange
in 2012-2014 periods.This research is a correlation quantitative which is done by analyzing the
secondary data and this research is focused on the examination of research variable with figures and
conducted data analysis by using statistic procedure. This research uses financial ratios as the
measurement instrument of the financial performance of the company i.e.: Net Profit Margin, Return
on Equity and Current Ratio which its influence is related to the stock price. The sample of this
research consists of 4 pharmaceutical companies which are listed in Indonesia Stock Exchange (IDX)
and they have been selected by using purposive sampling.The result of the simultaneous regression
analysis shows that the F value is significance and it can be stated that the regressions model that has
been obtained is feasible. The result of partial regressions analysis (t test) shows that the Return on
Equity and Current Ratio variables have significant influence to the stock price, meanwhile Net Profit
Margin does not have any significant influence to the stock price. Based on the result of the calculation
of R square (R²), its value is 0.862 which shows that 86.2% from the stock price can be explained by
Net Profit Margin, Return On Equity, and Current Ratio.

Keywords: Net Profit Margin, Return on Equity, Current Ratio, Stock Price.