Pengaruh Earning Per Share (EPS), Return On Equity (ROE) dan Debt To Equity Ratio (DER) Terhadap Harga Saham Pada Perusahaan Sub Sektor Farmasi Yang Terdaftar Di BEI

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.