Analisis Pengaruh Current Ratio, Debt to Equity Ratio, Total Asset Turnover, Return on Equity, dan Earning Growth terhadap Harga Saham (Studi Kasus Pada Perusahan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Periode 2018-2022)

Abstract

Investment in a company is very important so that the company can finance its operational activities. The capital market is an alternative source of long-term financing for companies. Currently, the property and real estate industry has become a primary need for humans apart from the need for clothing and shelter. This research analyzes the factors that influence stock prices, namely company fundamental analysis. Company fundamental analysis is used in this research to find out whether a company's shares are worthy of being an investment choice. The aim of this research is to determine and analyze the influence of the Current Ratio, Debt to Equity Ratio, Total Asset Turnover, Return on Equity and Earning Growth on Stock Price in property and real estate sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. Population in research on property and real estate companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The sample used in this research was 29 companies in the property and real estate sector. The data collection method was carried out using documentation studies by collecting supporting data from reference books, journals and collecting secondary data from reports published by the Indonesian Stock Exchange and company websites. The data analysis technique used is quantitative data expressed in numbers which are calculated using statistical methods is descriptive statistical analysis and multiple regression analysis of panel data assisted by the Eviews program. Based on the research results, it shows that the Current Ratio has a positive and not significant effect on stock price, the Debt to Equity Ratio has a significant negative effect on stock price, Total Asset Turnover has a positive and significant effect on stock price, Return on Equity has a positive and not significant effect on stock price and Earnings. Growth has an insignificant positive effect on stock price. Based on the coefficient of determination, dependent variabel can influence stock price by 27.16%.