Analisis Sekutitas Secara Fundamental terhadap Harga Saham di Bursa Efek Indonesia

  • Nurhayati Faradisi STIE Widya Gama Lumajang
  • Ainun Jariah STIE Widya Gama Lumajang
  • Sukma Irdiana STIE Widya Gama Lumajang

Abstract

High and low stock prices can describe the performance of a company. The technique that is often used in analyzing stock prices is fundamental analysts. Fundamental factors used to analyze stock prices in this study are liquidity, solvency, activity, profitability, and market value measured using the current ratio, debt to equity ratio, total asset turnover, net profit margin, and earnings per share. The purpose of this study is to determine the effect of liquidity, solvency, activity, profitability, and market value partially and simultaneously on stock prices on the Indonesia Stock Exchange. This research was conducted on property and real estate sector companies listed on the Indonesia Stock Exchange in the period 2015 - 2017 with a sample of 41 companies. The sampling technique used in this study was purposive sampling, using multiple linear regression methods. The results of the study show that partially the variables that have a significant effect on stock prices are activity and market value. The results of the F test indicate that five independent variables have a simultaneous influence on stock prices. The results of R2 test show that the determinant is 0.474. This means that 47.4% of the stock price can be explained by liquidity, solvency, activity, profitability, and market value, while the remaining 52.6% of the stock price is explained by variables or other causes outside the model.

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Published
2019-07-06