scholarly journals Analisis Pengaruh Ratio Keuangan dengan Harga Saham pada Perusahaan Properti di Bursa Efek Indonesia

2012 ◽  
Vol 1 (2) ◽  
pp. 33
Author(s):  
Bambang Sugeng Dwiyanto
Keyword(s):  
Financial Performance ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Financial Ratio ◽  
Book Value ◽  
Property Companies ◽  
Retained Earnings ◽  
Total Sales ◽  
Do So

<span><em>Bankcruptcy is a very important problem, in which every </em><span><em>company should be aware of. It is very important to detect the signs of the </em><span><em>coming bankruptcy of the company as soon as possible in order to take </em><span><em>effective action to avoid it. One popular model to do so is Z-score, a </em><span><em>statistical model to predict bankruptcy based on company financial </em><span><em>performance. This paper deals with the analysis of the financial performance </em><span><em>of property companies listed on the Indonesia Stock Exchange. However, in </em><span><em>previous research it was found that there is no strong correlation between the </em><span><em>companies financial performance with their stock prices, thus encouraging </em><span><em>further research. In this research, the analysis focused on the influence of the </em><span><em>financial ratio-ratio (X1) Ratio net working capital / total assets, (X2) Ratio of </em><span><em>retained earnings / total assets, (X3) Ratio of earnings before interest and </em><span><em>taxes / total assets, (X4) Ratio of market value equity / book value of total </em><span><em>debt, and (X5) Total sales / Total assets) to the stock price. Apparently based </em><span><em>on classical assumption test, multiple regression analysis, coefficient of </em><span><em>determination, and F-Test , it was found that there is no significant effect </em><span><em>between the financial value of ratio-ratio simultaneously with their stock </em><span><em>prices, and the ratio of total sales / total assets is the most dominant variable </em><span><em>influence.</em></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br /></span>

scholarly journals THE EFFECT OF ALTMAN Z – SCORE FINANCIAL RATIO ON STOCK PRICE (STUDY ON GO PUBLIC PLANTATION SUBSECTOR COMPANIES IN INDONESIA STOCK EXCHANGE)

2020 ◽  
Vol 1 (1) ◽  
pp. 43-55
Author(s):  
Muhammad Fachri Radityatama ◽  
Matrodji H. Mustafa
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Stock Exchanges ◽  
Annual Data ◽  
Z Score ◽  
Financial Ratio ◽  
Panel Data Regression ◽  
Data Regression ◽  
Retained Earnings

This study aims to examine and analyze the effect of the ratio - financial ratios Altman Z-Score on stock prices (study at the plantation subsector company that went public on the stock exchanges of Indonesia). The research data is annual data from 2014 until 2018. The sampling method used was purposive sampling. Of the population of 16 companies in the plantation subsector, 15 companies met the criteria plantation sub-sector into the sample. The analytical method used in this study is panel data regression. The results showed Working Capital to Total Assets (WCTA), Retained Earnings to Total Assets (RETA), Earnings Before Interest and Tax (EBITTA) and Market Value Equity to Book Value of Total Liabilites (MVEBTL) together - the same (simultaneous) effect significant positive stock price

scholarly journals ANALISIS PENGARUH STOCK SPLIT DAN KINERJA KEUANGAN TERHADAP HARGA SAHAM STUDI PADA EMITEN SEKTOR MANUFAKTUR

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
S Sukimin
Keyword(s):  
Financial Performance ◽  
Stock Prices ◽  
Return On Investment ◽  
Stock Price ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Signaling Theory ◽  
Return On Equity ◽  
Book Value ◽  
Stock Split

Stock split is one of the corporate action by the company with the goal set back to stock prices in the range that is more liquid and provide a quality signal to investors. This study aims to analyze the effect of the stock split and the financial performance of the issuer's stock price studies on the manufacturing sector. The theory is the reference of this study, namely Signaling Theory. Signaling theory declares a stock split provides a positive signal for the company manager will inform the future prospects of the company to the public good who do not know. The stock price is the value of a stock that reflects the wealth of the company that issued the stock. Stock prices are formed from the interaction of buyers and sellers of shares in the stock market or stock exchange which is motivated by their expectations of corporate profits. The study was conducted on 7 companies that are listed on the Stock Exchange and they do stock split in the year 2008-2011. Hipoteis testing in this study using multiple regression. The research instrument will be tested in this study is the Earning Per Share (EPS), Return On Investment (ROI), Return on Equity (ROE), Price Earning Ratio (PER), Price to Book Value (PBV) is to test the effect of the stock split and financial performance of the company's stock price. The equations are formed in this study is Stock Price = C + 11,18421EPS - 2,10ROI - 23,62ROE + 556,82PBV + 85,25PER - 244,80Stocksplit + e. The results showed Earning Per Share (EPS) is a variable financial performance and a significant positive effect on stock prices, both before and after stocksplit, while the Return On Investment (ROI), Return on Equity (ROE), Price Earning Ratio (PER), Price to Book Value (PBV) effect is not significant. According to the theory, the higher the ratio of financial performance, the better the state of a company

scholarly journals Analysis Of Financial Health Level On Financial Performance In Cement Companies Listed On The Indonesian Stock Exchange (Idx)

2020 ◽  
Vol 18 (3) ◽  
pp. 125
Author(s):  
Dhea Zatira ◽  
Ria Puspitasari
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Market Value ◽  
Financial Health ◽  
Z Score ◽  
Working Capital ◽  
Book Value ◽  
Panel Data Regression ◽  
Data Regression ◽  
Retained Earnings

This study aims to analyze the Level of Financial Soundness on Financial Performance in Cement Companies that are Go Public Listed on the Indonesia Stock Exchange (BEI). Analysis of the level of financial health using the Altman Z-Score with several ratios, namely the ratio of Working Capital to Total Assets (X1), the ratio of retained earnings to total assets (X2), the ratio of EBIT to Total Assets (X3), the ratio of stock market value to book value ofabilities (X4), the ratio of Sales to Total Assets (X5) to the dependent variable on Financial Performance (Return on Assets). The data analysis technique used in this research is the Altman Z-Score with the criteria for bankruptcy and to find its effect with the panel data regression model assisted by E-Views software. The results of the calculation and analysis of the Z-Score criteria in cement companies in Indonesia, it is known that there is no cement company whose company finances are stated in a healthy condition. One company is prone to bankruptcy (gray zone) while the rest according to the Z-Score criteria are bankrupt. Furthermore, based on the panel data regression examiner simultaneously the five independent variables on financial performance (Y), while partially the working capital ratio to total assets (X1) affects financial performance (Y), the retained earnings ratio to total assets (X2) has no effect on Financial performance (Y), EBIT ratio to total assets (X3) affects financial performance (Y), stock market value ratio to book value of liabilities (X4) has no effect on financial performance (Y), Sales to Total Assets ratio (X5) affect financial performance.

scholarly journals Harga Saham Kini: Dalam Bayang-bayang Fundamental

2020 ◽  
Vol 17 (1) ◽  
pp. 71-80
Author(s):  
Sari Gabe Sagala ◽  
Mochamad Muslih
Keyword(s):  
Financial Performance ◽  
Stock Prices ◽  
Stock Price ◽  
Quantitative Methods ◽  
Industrial Revolution ◽  
Stock Exchange ◽  
Secondary Data ◽  
Pharmaceutical Companies ◽  
Funding Policy ◽  
Funding Policies

This study aims to determine the effect of liquidity, funding policies, and financial performance on the stock prices of pharmaceutical companies listed on the Indonesia Stock Exchange (BEI) for the 2009-2018 period. The theory tested in this research is signaling theory. This research uses quantitative methods. The research variables are stock price, company liquidity, funding policy, and financial performance. The data used are secondary data taken from the Indonesia Stock Exchange (IDX). The population in this study is pharmaceutical companies listed on the Indonesia Stock Exchange. The research sample is 7 (seven) pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) for the period 2009-2018. The results showed that company liquidity had no significant effect on stock prices, funding policies had no significant effect on stock prices, and financial performance had no significant effect on stock prices. The results of this study add to the outer layer of knowledge building according to Imre Lakatos. The implication of this research is that the company's fundamental conditions do not necessarily affect stock prices, depending on the type of stock market. It is recommended to investors to be more careful in observing the factors that influence stock prices in the 4.0 industrial revolution era. Next researchers are advised to use other fundamental aspects as their independent variables so that more fundamental elements of the company are examined in relation to stock prices in the 4.0 industrial revolution era.

scholarly journals PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN PERBANKAN BUMN DI BURSA EFEK INDONESIA PERIODE TAHUN 2010-2017

2019 ◽  
Vol 5 (2) ◽  
Author(s):  
Defry Wijaya Rimba ◽  
Muthia Harnida
Keyword(s):  
Financial Performance ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Capital Adequacy ◽  
Profit Margin ◽  
Return On Assets ◽  
Capital Adequacy Ratio ◽  
Net Profit ◽  
Price Earnings Ratio

Abstract: The aim of this research is to examine the effect of financial performance on the stock prices of state-owned (BUMN) banking companies in the Indonesian Stock Exchange for the period 2010-2017.The financialperformance consists of Non Performing Loans, Return on Assets, Capital Adequacy Ratio, Price Earning Ratio, and Net Profit Margin. The analysis in this study  used the multiple linier regression with 32 observations. Simultaneously all variables affect the stock price of Banking Companies of BUMN that listed on the  Indonesian Stock Exchange  for the period of 2010-2017. But partially, the variables which affect the stock price are  only Return On Assets, Capital Adequacy Ratio, and Net Profit Margin.  Whereas the variable of  Non Performing Loans and Price Earning Ratio do not affect the stock price of Banking Companies of BUMN  in the Indonesian Stock Exchange for the period of 2010 until 2017 Keywords: Performance, Non Performing Loans, Return On Assets, Capital Adequacy Ratio, Price Earning Ratio, Net Profit Margin, Stock Price Abstrak: Tujuan penelitian ini adalah untuk menguji pengaruh kinerja keuangan terhadap harga saham pada perusahaan perbankan BUMN yang terdaftar di Bursa Efek Indonesia untuk periode 2010-2017. Kinerja keuangan yang diuji meliputi Non performace Loans (NPL), Return on assets (ROA), CapitalAdequacy Ratio (CAR), Price Earnings Ratio(PER),dan Net Profit Margin (NPM). Hasil penelitian dengan menggunakan analisis regresi linier berganda,dengan sampel sebanyak 32 observasi menunjukkkan hasil bahwa secara simultan semua variabel yang terdiri dari Non performace Loans (NPL), Return on assets (ROA), CapitalAdequacy Ratio (CAR), Price Earnings Ratio(PER),dan Net Profit Margin (NPM)  berpengaruh terhadap harga saham . Sedangkan secara parsial variabel yang berpengaruh terhadap harga saham adalah return on assets (ROA), CapitalAdequacy Ratio (CAR), dan Net Profit Margin (NPM), sementara Non Performing Loans (NPL) dan Price Earnings Ratio (PER) secara statistik tidak berpengaruh terhadap harga saham perusahan perbankan BUMN yang terdaftar di Bursa Efek Indonesia untuk periode pengamatan 2010-2017 Kata kunci : Kinerja, Non Performing Loans, Return On Assets, Capital Adequacy Ratio, Price Earning Ratio, Net Profit Margin, harga saham

scholarly journals ANALISIS PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA INDUSTRI TELEKOMUNIKASI DI BURSA EFEK INDONESIA

2019 ◽  
Vol 2 (1) ◽  
pp. 1-15
Author(s):  
Adria Wuri Lestari
Keyword(s):  
Financial Performance ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Insurance Companies ◽  
Analysis Method ◽  
Independent Variables ◽  
Telecommunication Companies ◽  
Sample Amount

     This study is performed to examine the financial performance of the largest telecommunication companies in Indonesia that are listed in BEI. The population in this study were 11 companies Insurance sectors listed on the Stock Exchange for 5 years (2012-2015). Sampling technique used here is purposive sampling. The data is obtained based on Indonesian Capital Market Directory (ICMD 2012 and 2015) publication. It is gained sample amount of 7 companies from 11 Insurance companies those are listed in BEI.      The comparison analysis method is used to assess financial performance and stock prices, and statistical methods, the method regression to analyze the influence of the ratio of the financial data derived from Indonesian Stock Exchange (BEI) from 2012 until 2016, the price of the shares.     The results of hypothesis testing in this study indicate that (1) partially only variables of Return On Invesdtment that have singnificance effects on Stock Price. But simultaneously all independent variables has significance effect on Stock Price of the Telecommunication sectors are listed in BEI, On this research, (2) ROI shows the most influencing variable toward Stock Price that pointed  by the amount of coefficients determinan value is 36.12%. (3) The statistical of F-test shows that all independent variables simultaneously influence DPR at the adjusted determinant coefficient (R) suqure value is 58,2% its shows that research independent variables able to explain to Stock Price while the remaining of 72,6 % explained by independent variables that were un-research.

scholarly journals PENGARUH RASIO KEUANGAN TERHADAP HARGA SAHAM (STUDI PADA PERUSAHAAN SEKTOR PERTAMBANGAN MINYAK YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014-2018)

2021 ◽  
Vol 4 (2) ◽  
pp. 187-197
Author(s):  
Sulis Tiono ◽  
Bambang Sugeng Dwiyanto
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Financial Ratios ◽  
Coefficient Of Determination ◽  
Mining Sector ◽  
Return On Equity ◽  
Book Value

Stock price fluctuations are natural and almost occur in all companies in various sectors, including companies in the oil mining sector so that price changes affect the company's financial performance and stock prices which can be analyzed fundamentally using financial ratios to aspects in the financial statements. The framework of this research is to analyze the effect of financial ratios on stock prices. The population and sample used are oil mining sector companies listed on the Indonesia Stock Exchange 2014-2018. The sampling method used is purposive sampling or judgmental sampling. Sources of data used are secondary data in the form of financial statements. The tool used for data collection is through the method of observation and analysis of the company's financial statements. The results showed, based on the t test value, stock prices were positively influenced by Return on Equity (ROE), Book Value (BV) and Price to Book Value (PBV), while negatively influenced by Debt To Equity Ratio (DER) and Net Profit. Margins (NPM). Based on the F test value, stock prices are positively influenced by ROE, DER, NPM, Earnings Per Share (EPS), BV, and PBV. Based on the coefficient of determination test (R2), stock prices are strongly influenced by ROE, DER, NPM, BV, and PBV by 91.5% and influenced by other variables by 8.5%.

scholarly journals ANALISIS PENGARUH FAKTOR FUNDAMENTAL DAN PASAR TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

2015 ◽  
pp. 12-30
Author(s):  
Anastasia F. Karo-Karo ◽  
Donalson Silalahi
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Analysis Model ◽  
Return On Equity ◽  
Book Value ◽  
Capitalization Rate ◽  
Value Growth

This study aimed to analyze the influence Earning Per Share, Return on Equity, Book Value, Growth Company and market factors, namely Capitalization Rate on stock price on manufacturing companies listed in Indonesia Stock Exchange. The object of this research is manufacturing companies listed in Indonesia Stock Exchange 2010-2012 period who actively publish the financial statements in the period of observation. In this study, the data collected is of secondary data is data obtained indirectly from the object of research. Therefore, in this study the data capture technique using the documentation techniques. The procedure of sample selection is purposive sampling and analysis model used is the Multiple regression to test the hypothesis that the t test and F test and also performed classical assumption. The results showed that the Earning Per Share, Return on Equity, Book Value positive and significant effect on stock prices and capitalization rates and a significant negative effect on stock prices. Based on the test results indicate that simultaneous Earning Per Share, Return on Equity, Book Value, Growth companies and capitalization rates affect stock prices. Variations independent variable Earning Per Share, Return on Equity, Book Value, Growth companies and capitalization rate is able to explain the variation in stock prices by 95.64%.

scholarly journals ANALISIS PENGARUH RASIO KINERJA KEUANGAN TERHADAP HARGA SAHAM PT BANK MANDIRI PERSERO PERIODE 2014 – 2019

GANEC SWARA ◽  
2021 ◽  
Vol 15 (1) ◽  
pp. 963
Author(s):  
I KETUT KUSUMA WIJAYA
Keyword(s):  
Financial Performance ◽  
Stock Prices ◽  
Stock Price ◽  
Supply And Demand ◽  
Share Price ◽  
Financial Reports ◽  
Financial Ratio ◽  
Share Prices ◽  
Performance Variables ◽  
Simultaneous Test

     Share prices occur according to market supply and demand. Demand for shares is influenced by investors' expectations of the issuing company. The better the financial performance of a company, the higher investor expectations will be. This results in the shares becoming increasingly attractive and the share price will be higher. Conversely, if a company's financial performance is not good, investors' expectations will be low, so investors are not interested in investing in these shares. This causes the stock price to fall. The company's financial performance can be done by analyzing financial reports. This study aims to determine the effect of financial performance ratios on stock prices. The analytical tool used is multiple linear regression and hypothesis testing is done by partial test (T-test) and simultaneous test (F-test) and standardized coefficient test.     Based on the research results that simultaneously the financial ratio variable does not have a significant effect on stock prices. Meanwhile, only partially the NPM variable affects stock prices. Meanwhile, the financial performance variables (CAR, ROA, and LDR) do not affect stock prices. For the adjusted R2 value of 99.80%, it means that this value means that the variation of the independent variable which can explain the dependent variable is 99.80% and the remaining 2% is the variation of other variables that are not explained in the model.

scholarly journals The Effects of Financial Ratio and Market Based Ratio toward the Stock Price of Manufacturing Industry Sector in Indonesia Stock Exchange

2015 ◽  
Vol 6 (3) ◽  
pp. 431
Author(s):  
Mulyono Mulyono
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Positive Influence ◽  
Return On Assets ◽  
Book Value ◽  
Industry Sector ◽  
Price Earnings Ratio ◽  
Equity Ratio

The research objectives to examine the magnitude of the significant influence between financial ratios and the market based ratio toward the stock price of manufacturing industry sector in Indonesia Stock Exchange (IDX). In accordance IDX data by December 2013, the number of companies, included in the stock of the manufacturing industry sector, is 139 companies. Based on the analysis, it is concluded that the variable return on assets (ROA) and price to book value (PBV) has positive influence on stock prices. It can be interpreted that the higher the return on assets ratio and price to book value, the more positive influence on the increase of the stock price. The variable debt to equity ratio (DER) and price earnings ratio (PER) has negatively influence the stock price on the stock of manufacturing industry sector. This can be interpreted the higher the value of the debt to equity ratio and price earnings ratio, the more negatively influence on the decrease stock price.

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