Analisis Rasio Keuangan Terhadap Harga Saham Dengan Nilai Perusahaan Sebagai Variabel Moderasi Pada Perusahaan Makanan dan Minuman yang terdaftar di ISSI Tahun 2017-2020

Abstract

ABSTRACT

This study aims to find out the factors of financial ratios (liquidity ratio, activity ratio, leverage ratio and profitability ratio) that affect stock prices with company values as a moderating variable in food and beverage Companies Listed in the Indonesian Sharia Stock Index (ISSI) 2017-2020. The data used in this research is secondary data. The method of data collection is to collect annual financial reports (annual report) on www.idx.co.id, yahoo finance and the company's official website. Obtained a sample of 25 companies with purposive sampling technique. The data was processed with SmartPLS versi 3.3.3. The analysis included stationarity tests, path models, measurement (outer) model tests, structural (inner) model tests, model fit tests and interpretation model tests. The results showed that the company values partially gave a positive and significant effect on stock prices. The interpretation model test shows that company values cannot moderate liquidity ratio, activity ratio, leverage ratio and profitability ratio on stock prices.

Keywords: Financial ratio, stock price, company values