Berinvestasi di Saham-saham Thirdliner. Apa saja Rasio Fundamental yang Menentukan?
Keywords:
price earning ratio, price to book value, return on asset, net profit margin, stock price, thirdliner stockAbstract
This study aims to see which fundamental ratios affect investment in thirdliner companies for the observation period of 1 year investment and 3 years investment. There are four fundamental ratios: price earning ratio (PER), price to book value (PBV), return on assets (ROA), and net profit margin (NPM) used to determine the growth of the company's stock price in the first year after purchase and the third year after purchase. Using sample thirdliner companies on the Indonesian Stock Exchange from 2014 to 2019, it was found that return on assets (ROA) had a significant negative effect on the company's stock price growth for 1 year of investment. Whereas for the investment period of 3 years, it was found that the price to book value (PBV) had a significant negative effect on the company's stock price growth
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Dita, A. H., & Murtaqi, I. (2014). The Effect of Net Profit Margin, Price To Book Value and Debt To Equity Ratio to Stock Return In The Indonesian Consumer Goods Industry. Journal Of Business And Management, 3(3), 305–315. Retrieved from http://journal.sbm.itb.ac.id/index.php/jbm/article/view/1214
Efendi, F. M., & Ngatno. (2018). Pengaruh Return On Assets (ROA Terhadap Harga Saham dengan Earning PerShare (EPS) sebagai Intervening (Studi Kasus pada Perusahaan Sub SektorTekstil dan Garmen yang terdaftar di Bursa Efek Indonesia Periode 2013-2016). Jurnal Administrasi Bisnis, 7(1), 1. https://doi.org/10.14710/jab.v7i1.22568
Hidayat, D., & Topowijono. (2018). PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM ( Studi Pada Perusahaan Pertambangan Subsektor Pertambangan Minyak Dan Gas Bumi Yang Terdaftar Dibursa Efek Indonesia Periode 2013-2016 ). Jurnal Administrasi Bisnis, 62(1), 36–44.
Indahsafitri, P. N., Wahono, B., & Koirul, M. (2018). PENGARUH RETURN ON EQUITY (ROE), NET PROFIT MARGIN (NPM), GROSS PROFIT MARGIN (GPM) DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM (Studi Empiris Pada Perusahaan Yang Terdaftar Dalam LQ 45 BEI Periode 2013-2016). Jurnal Ilmiah Riset Manajemen, 7(2), 77–97. https://doi.org/10.1123/ijsb.8.1.1
Linanda, R., & Afriyenis, W. (2018). Pengaruh Struktur Modal Dan Profitabilitas Terhadap Harga Saham. Jurnal Ekonomi Dan Bisnis Islam, 3(1), 135–144.
Nurlia. (2016). Pengaruh Rasio Profitabilitas Terhadap Harga Saham Pada Perusahaan Rokok Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Sains Terapan, 2(1), 60–66. https://doi.org/10.32487/jst.v2i1.117
Ozlen, S. (2014). The Effect of Company Fundamentals on Stock Values. European Researcher, 71(3–2), 595–602. https://doi.org/10.13187/issn.2219-8229
Öztürk, H., & Karabulut, T. A. (2018). The Relationship Between Earnings-to-Price, Current Ratio, Profit Margin and Return: An Empirical Analysis on Istanbul Stock Exchange. Accounting and Finance Research, 7(1), 109–115. https://doi.org/10.5430/afr.v7n1p109
Rahmadewi, P. W., & Abundanti, N. (2018). Pengaruh Eps, Per, Cr Dan Roe Terhadap Harga Saham Di Bursa Efek Indonesia. E-Jurnal Manajemen Universitas Udayana, 7(4), 2106–2133. https://doi.org/10.24843/ejmunud.2018.v07.i04.p14
Safitri, K. (2020). Untuk kelabui auditor, Jiwasraya diduga sengaja beli saham BUMN gorengan. Retrieved February 5, 2020, from KONTAN.CO.ID website: https://keuangan.kontan.co.id/news/untuk-kelabui-auditor-jiwasraya-diduga-sengaja-beli-saham-bumn-gorengan?page=all
Sugiarto, E., Pradana, M. G., & Muhtarom, A. (2019). Analisis Pengaruh Profitabilitas Terhadap Harga Saham Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Media Mahardhika, 17(2), 254. https://doi.org/10.29062/mahardika.v17i2.82
Sulia. (2017). Analisis Faktor-Faktor Yang Mempengaruhi Audit Delay Pada Perusahaan Lq45 Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Wira Ekonomi Mikroskil, 7(2), 129–140. https://doi.org/10.20961/jab.v14i1.149
Utami, M. R., & Darmawan, A. (2018). Pengaruh Der, Roa, Roe, Eps Dan Mva Terhadap Harga Saham Pada Indeks Saham Syariah Indonesia. Journal of Applied Managerial Accounting, 2(2), 206–218. https://doi.org/10.30871/jama.v2i2.910
Wijaya, R. F. (2017). Investasi Saham ala Swing Trader Dunia (1st ed.). Jakarta: PT. Elex Media Komputindo.
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Published
2020-10-13
How to Cite
Hudaya, R. (2020). Berinvestasi di Saham-saham Thirdliner. Apa saja Rasio Fundamental yang Menentukan?. Valid: Jurnal Ilmiah, 17(2), 87–96. Retrieved from https://journal.stieamm.ac.id/valid/article/view/112
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