PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN LIKUIDITAS TERHADAP HARGA SAHAM PADA PT INDUSTRI JAMU DAN FARMASI SIDO MUNCUL TBK PERIODE 2014-2024

Abstract

The purpose of this study is to determine the effect of Capital Structure, Profitability, and Liquidity on the Stock Price of PT Industri Jamu Dan Farmasi Sido Muncul Tbk. The variables used in this study are Capital Structure, Profitability, and Liquidity as the independent variables, while the dependent variable is Stock Price. This research employs a quantitative method with a descriptive approach. The population in this study consists of financial statements over an 11-year period from 2014 to 2024. The sample used includes the balance sheets and income statements of PT Industri Jamu dan Farmasi Sido Muncul Tbk for the period 2014–2024. The results of this study show that Capital Structure, Profitability, and Liquidity each have a partial effect on stock price. This is indicated by the following test results: Capital Structure has a t-value of 5,447 > t-table value of 2,365 with a significance value of 0,001 < 0,05, Profitability has a t-value of 4,596 > 2,365 with a significance value of 0.002 < 0,05, and Liquidity has a t-value of 3.362 > 2.365 with a significance value of 0.012 < 0.05. Capital Structure, Profitability, and Liquidity also have a simultaneous effect on stock price, as shown by the F-count of 70,441 > F-table value of 4.35, with a significance level of 0.000 < 0.05. The R² value of 0,984 indicates a very strong relationship, where Capital Structure, Profitability, and Liquidity can explain 96.8% of the changes in stock price, while the remaining 3,2% is influenced by other factors.