Pengaruh profitabilitas dan pertumbuhan penjualan terhadap harga saham perusahaan manufaktur

Purposes - This study aims to examine the effect of profitability on stock prices through sales growth in manufacturing companies in Indonesia Stock Exchange (BEI) during the period 20xx-20xx. This research uses a profitability ratio that is Net Profit Margin. Profitability in this case shows the company's ability to generate net income on certain sales. The company's growth rate as measured by sales growth affects the stock price of a company. Methods - This type of research uses explanatory research with quantitative approach. This study uses secondary data in the form of 30 corporate financial statements and sample determination using purposive sampling technique. Data analysis technique used is path analysis technique. Findings - First, Direct Influence X1 (profitability) to X2 (sales growth) is positive and insignificant. Second, Direct Influence X1 (profitability) to Y (stock price) is positive and insignificant. Third, Direct Influence X2 (sales growth) to Y (stock price) is negative and insignificant. Fourth, indirect influence X1 (profitability) on Y (stock price) is not mediated by X2 (sales growth). Keywords - Profitability, sales growth, stock pricesPurposes - This study aims to examine the effect of profitability on stock prices through sales growth in manufacturing companies in Indonesia Stock Exchange (BEI) during the period 20xx-20xx. This research uses a profitability ratio that is Net Profit Margin. Profitability in this case shows the company's ability to generate net income on certain sales. The company's growth rate as measured by sales growth affects the stock price of a company. Methods - This type of research uses explanatory research with quantitative approach. This study uses secondary data in the form of 30 corporate financial statements and sample determination using purposive sampling technique. Data analysis technique used is path analysis technique. Findings - First, Direct Influence X1 (profitability) to X2 (sales growth) is positive and insignificant. Second, Direct Influence X1 (profitability) to Y (stock price) is positive and insignificant. Third, Direct Influence X2 (sales growth) to Y (stock price) is negative and insignificant. Fourth, indirect influence X1 (profitability) on Y (stock price) is not mediated by X2 (sales growth). Keywords - Profitability, sales growth, stock price