Abstract:
Stock market is a transaction place between party who need fund for financial capital
(emiter) and party, wdio have excess fund to invest (investor), stock is one of the most
popular stock nuuket instrument that traded and gives a very interesting reward, but also
has high price declining too. before investing in stock, an investor should do researches to
minimize the risk that maybe fiiced. one of them is fundamental analysis \riuch is
contained in financial statement in financial ratio form. EPS, ROE, and DER ratio can be
used as information signal for investor to assess die company performance that will be die
investment destinadon.
This research is used to explain die progress of EPS, ROE, and DER in pharmacy
sub sector company diat listed in BEL d> know the stock price progress in pharmacy sub
sector company diat listed in BEL and to know die effect of EPS, ROE and DER to stock
price in pharmacy sub sector that listed in BEI in simultaneous or partial.
This research is conducted in pharmacy sub sector company that listed in BEI using
secondary data, the method of sampling pick up in this research using purposive sampling
method diere are seven companies which is FT Darya Varia Laboratoria Tbk, PT Kimia
Farma (Persero) Tbk, PT Kalbe Farma Tbk, PT Merck Tbk, PT Pyridam Farma Tbk, PT
Taisho Pharmaceutical Indonesia Tbk, dan PT Tempo Scan Pasific Tbk. the type of the
research is using statistic quantitative, the processing method or data analysis is using
normality tesL heteroskedastisitas tesL multikolineritas tesL autokorelasi tesL double
linear regresion test and hypothesis using t test and f test with the program SPSS version
20.
The research result shows that evenly the progress of EPS, ROE, DER and stock
price in pharmacy sub sector company that listed in BEI 2009-2013 period having
fluctuation, and based from t test (regresion coefficient in partial) can be known that
earning per share (EPS) take effect possitive to stock price, return on equity ratio (ROE)
take effect possitive to stock price and debt to equity ratio (DER) take effect negative to
stock price movemenL but based on f test (regresion coefficient in together) can be
known that EPS, ROE, and DER take effect possitive to stock price movement.
From the research that conducted, so can be concluded that stock price is effected by
EPS, ROE and DER. The suggestions are 1) for the company, it's better to increase the
company performance especially in financial performance, 2) for the next researcher, it's
better to research other variables that can effect stock price other than EPS, ROE, and
DER, 3) for investor and investor candidate, it's better not just doing analysis to
fundamental factor, but also technical aspec.
