FAKTOR FUNDAMENTAL DAN KINERJA: STUDI PADA PERUSAHAAN MANUFAKTUR

This study aims to analyze the variables that are used as predictors of investment value. The variables in this research were profitability ratios, liquidity ratios, activity ratios, solvency ratios, and market ratios. The company's financial performance is proxied by company's stock price. This study takes samples from manufacturing companies listed in Indonesia Stock Exchange from 2011 -2015 with a total of 108 companies or 540 observations. Data used is data from audited financial statements ending on 31 December. This study uses multiple regression model to show the direct relationship between dependent variable (stock return) with independent variables (ROA, ROE, NPM, CR, IT, TAT, DR, DER, EPS and PER ). Data processing is done by using SPSS 23 program. The result of analysis gives R2 value equal to .078 which means free variable used in this research can explain 7.8% from dependent variable. Results of the analysis shows that only ROA ratio has a significant influence on stock return, while ROE, NPM, CR, IT, TAT, DR, DER, EPS and P ER have no significant effect on stock return