scholarly journals PENGARUH RETURN ON ASSET (ROA), RETURN ON EQUITY (ROE) DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM SYARIAH

2019 ◽  
Vol 13 (2) ◽  
pp. 259-280
Author(s):  
Firman Setiawan ◽  
Desi Ismi Rojasari

Sharia share prices (including conventional shares) always fluctuate due to the interaction of demand and supply of shares in the capital market. Rising levels of demand for shares will trigger a rise in stock prices, and vice versa. However, aside from supply and demand factors, it turns out that there are other factors that are also identified as being capable and potentially affecting stock prices, particularly Shariah share prices, namely Return On Assets (ROA), Return On Equity (ROE), and market ratios namely Earning Per Share (EPS). So to prove whether the financial ratios really have an influence on sharia stock prices, the authors conducted a quantitative analysis with ROA, ROE and EPS as X variables and Shariah stock prices as Y variables. The data used in this test / analysis are Return On Assets (ROA), Return On Equity (ROE) data, Earning Per Share (EPS) and Syariah stock prices from PT. Aneka Tambang Persero Tbk 2013-2017. From the analysis that has been done, it is known that partially ROA has no effect on the Shariah share price caused by the lack of companies in earning profit, ROE has no effect on the Sharia share price caused by the lack of net profit from their own capital and the lack of business sales profits, and EPS positive effect on sharia stock prices. Whereas simultaneously, ROA, ROE and EPS have a positive influence on the Shariah stock price.

2015 ◽  
Vol 1 (1) ◽  
pp. 23-32
Author(s):  
Syuaib Syuaib ◽  
Muslimin Muslimin ◽  
Harnida Wahyuni Adda

This research aims to determine and analyze the influence of Return On Assets (ROA), Return On Equity (ROE), and Net Profit Margin (NPM) on stock price, both simultaneously and partially. The sample  of  this  research consists  of  30  banks  listed  on  Indonesia Stock  Exchange  (IDX).  Method  of analysis  is  multiple  linear  regressions.  The  results  show  that ROA,  ROE,  and  NPM  simultaneously have  significant  influence  on  stock prices  in  Indonesia  Stock  Exchange.  Partially,  ROA,  ROE,  and NPM have significant influence on stock prices in Indonesia Stock Exchange, while the influence of ROE  on  stock  prices  is  negative.  Coefficient  determination indicates  adjusted  R-square  of  0.529, which  means  that  52.90%  of stock  prices  affected  by  ROA,  ROE,  and  NPM,  and  47.10%  of  stock prices affected by other variables that are not studied. Penelitian  ini  bertujuan  untuk  mengetahui  dan  menganalisis pengaruh  return  on  asset (ROA), return  on  equity  (ROE),  dan  margin laba  bersih  terhadap  harga  saham  secara  simultan  dan  parsial. Sampel  penelitian  ini  terdiri  dari  30  bank  yang  terdaftar  di  Bursa Efek  Indonesia  (BEI).  Metode analisis yang digunakan adalah regresi linier berganda. Hasil penelitian menunjukkan bahwa return on asset, return on equity, dan margin laba bersih secara simultan berpengaruh signifikan terhadap harga saham  di  bursa   Indonesia.  Secara  parsial, return  on  asset,  return  on  equity,  dan  margin  laba  bersih berpengaruh  signifikan  terhadap  harga  saham  di  bursa  Indonesia, tetapi  efek  dari  return  on  equity terhadap harga saham adalah negatif. Koefisien determinasi menunjukkan adjusted R-square sebesar 0,529, yang  berarti  bahwa  52,90%  dari  harga  saham  dipengaruhi  oleh  ROA,  ROE  dan  NPM,  dan 47,10% dari harga saham dipengaruhi oleh variabel lain yang tidak diteliti.


GANEC SWARA ◽  
2021 ◽  
Vol 15 (1) ◽  
pp. 963
Author(s):  
I KETUT KUSUMA WIJAYA

     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.


2021 ◽  
Vol 5 (2) ◽  
pp. 103-111
Author(s):  
Firdaus Gusti Redha romadi putra ◽  
Eni Wuryani

This study aims to determine the effect of the variables contained in fundamental and technical analysis of stock prices. Variables used include Earning Per Share, Return On Assets, Book Value Per Share, Price to Book Value, Past Share Prices, Dup and Ddown. Sample selection uses saturated samples by using all food and beverage companies listed on the Indonesia Stock Exchange in the 2014-2018 period. The data analysis technique used is regression analysis using SPSS 23. The results of the study show that simultaneously all variables affect the stock price. Partially Earning Per Share, Price to Book Value, Past Share Prices, and Ddown have a significant effect on stock prices, while Return On Assets, Book Value Per Share, and Dup have no significant effect on stock prices.


2019 ◽  
Vol 8 (9) ◽  
pp. 5722
Author(s):  
Ade Indah Wulandari ◽  
Ida Bagus Badjra

The stock price is the price on the stock market at a certain time determined by market participants and is determined by the demand and supply of the shares in question in the capital market. The stock price reflects the value of the company and the effectiveness of the company. The stock price is getting higher, the higher the company's value. This research was conducted to examine the effect of profitability on stock prices in LQ-45 companies on the Indonesia Stock Exchange (IDX). The number of samples studied were twenty-seven (27) companies selected through a saturated sampling method with a four-year observation period. The data collection method used in this study is a nonparticipant observation method. Data analysis was carried out by multiple linear regression model analysis techniques. Based on the results of the analysis it was found that Return On Equity and Net Profit Margin had a significant positive effect on stock prices, while Return On Assets had no significant effect on stock prices. The increase in ROE and NPM will be followed by an increase in stock prices.                                                                 Keywords: Stock Price, Return On Assets , Return On Equity , Net Profit Margin


2020 ◽  
Vol 4 (1) ◽  
pp. 137-146
Author(s):  
Annisa Nauli Sinaga ◽  
Michael Michael ◽  
Yuliyani Yuliyani

The stock price is determined by the supply and demand of the stock itself. The higher the purchase of these shares the stock price tends to move up and vice versa if more and more are selling these shares the stock price will usually tend to decrease. The purpose of this study is to analyze and test whether Net Profit Margin (NPM), Earning Per Share (EPS) and Leverage Ratio affect stock prices. This type of research is quantitative descriptive with secondary data, the sampling technique used is purposive sampling and the testing method used uses multiple linear regression analysis. The population in this study is 168 manufacturing companies listed on the Stock Exchange in 2016-2018 period. From the research results it is known that the simultaneous Net Profit Margin (NPM) and Earning Per Share (EPS) and Return On Assets (ROA) and Leverage Ratio have a significant and positive effect. While partially, only Earning Per Share (EPS) and Return On Assets (ROA) have a significant and positive effect, while Net Profit Margin (NPM) and Leverage Ratio has no significant and positive effect. Keywords : Net Profit Margin, Earning Per Share, Return On Assets, Leverage Ratio


2021 ◽  
Vol 4 (2) ◽  
pp. 741-747
Author(s):  
Anugrah Harika Putra ◽  
Nanu Hasanuh

This study aims to determine the effect of Net Proft Margin, Return On Assets, and Return On Equity Against the Stock Price of Companies in the Financial Services Subsector Listed on the Indonesia Stock Exchange in 2015-2018. This research has occurred a phenomenon and identification of a problem that is quite interesting. The data source used from this research is only secondary data. The selection of samples is based on the criteria and subsector companies of 17 financial institutions and samples taken by 8 companies using the purposive sampling method in the financial institutions subsector companies. This study uses the data analysis methods of classical assumptions and hypothesis testing. The results showed that partially Net Profit Margin and Return On Assets have a significant effect on Stock Prices and partially showed Return On Equity had no significant effect on Stock Prices. Simultaneously, Net Profit Margin, Return On Asset, and Return On Equity have a significant effect on stock price. Keywords : NPM, ROA, ROE,  Stock Price


2021 ◽  
Vol 1 (2) ◽  
pp. 103-123
Author(s):  
Choiriyah Choiriyah ◽  
Fatimah Fatimah ◽  
Sri Agustina ◽  
Ulfa Ulfa

This study aims to determine the effect of return on assets (ROA), return on equity (ROE), net profit margin (NPM), earning per share (EPS) and operating profit margin (OPM) on the stock prices of banking companies on the Indonesia Stock Exchange. This type of research is associative research. Secondary data in this study is in the form of banking financial statements. The total population used in this study were 32 banking companies, and the samples that met the research criteria were eight banking companies listed on BEI. The analytical model used in this study is multiple linear regression analysis. The analysis results show that ROA, ROE, NPM, EPS, and OPM together have a significant effect on the stock prices of banking companies on the Indonesia Stock Exchange (IDX). On the other hand, coefisiens of ROA, NPM and OPM have no significant effect on the Stock Price of banking companies on the Indonesia Stock Exchange (IDX). In contrast, ROE and EPS significantly affect the Stock Price of banking companies on the Indonesia Stock Exchange (IDX).


2021 ◽  
Vol 4 (2) ◽  
pp. 698-705
Author(s):  
Rafida Khairani ◽  
Fati Syafira ◽  
Masnika Sinaga ◽  
Roryn Chelsi Gea ◽  
Lorensisca Sitorus

The purpose of this research is to analyze the effect of profitability and Liqudity on the company's stock price in PropertySector. This research uses a quantitative approach, the type of research used is associative research. The data used are secondary data in the form of company financial statements obtained from the Indonesia Stock Exchange (IDX). In determining the sample of this study using a purposive sampling method that is determining the sample by making certain criteria. The data analysis method uses multiple linear regression analysis. Testing the hypothesis in this study using the t test to determine the effect of individual independent variables on the dependent variable. While the F test is used to determine the effect of Current Ratio (CR), Net Profit Margin (NPM), Return On Assets (ROA) simultaneously on stock prices. The regresion results of this research shows that independent variables like CR and ROA has a positive effect in predicting stock prices. While, the NPM variable has a negative effect in predicting the stock prices. Current Ratio (CR), Net Profit Margin (NPM), and Return On Assets (ROA) simultaneously have a significant effect on Stock Prices. Partially, Current Ratio (CR), and Return On Assets (ROA) have a significant effect on Stock Prices. While Net Profit Margin (NPM) Does not have significant effect on Stock Prices. From the regression coefficient test concluded that 58,8% of the share price can be explained by the independent variables Keywords: Profitability, Liquidity,  Stock Prices.


2018 ◽  
Author(s):  
STIM Sukma

The purpose of this study was to determine whether there is influence of return on assets and return on equity to the share price at PT.Astra International Tbk listed on the Indonesia Stock Exchange. Sample research company PT.Astra International Tbk listed on the Indonesia Stock Exchange in the form of complete financial statements for the years 2011 to 2015, sampling using a convenience sampling, namely the determination of the sample based on the desire of researchers. Test data analysis using linear regression, hypothesis testing using the coefficient of determination (R2), partial test (t test) and a simultaneous test (f test), while the data processing using SPSS. The results showed that test the coefficient of determination (R2) ROA and ROE were able to explain the existence of the stock price variable, but it simultaneously ROA and ROE and no significant positive effect on stock prices in companies PT.Astra International Tbk in Indonesia Stock Exchange , while partial showed that ROA does not affect the stock price but ROE and no significant effect on the price of shares in the company PT.Astra International Tbk in Indonesia stock Exchange.


El Dinar ◽  
2018 ◽  
Vol 5 (2) ◽  
pp. 27
Author(s):  
Muhammad Nanang Choiruddin

<p>This study aims to determine the effect of Debt to Equity Ratio (DER), Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM) to Stock Price (Shares) in Sharia Stock Company Food and Beverage Sector Period Year 2013-2016 partially and simultaneously.<br />From the results of this study can be concluded that simultaneously, the variable Debt to Equity Ratio (DER), Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM) significant effect on stock prices. While the influence of each independent variable by partial dependent variable shows the result that price change is not influenced by Debt to Equity Ratio (DER), then the result of price change is influenced by Return on Assets (ROA), then the result of price change is not influenced by Return on Equity (ROE), then the result of price change is not influenced by Net Profit Margin (NPM).</p>


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