Analisis Sekutitas Secara Fundamental terhadap Harga Saham di Bursa Efek Indonesia

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.