The Influence of ROA, ROE and EPS on Stock Price at PT. Unilever Indonesia, Tbk

Abstract

The purpose of this research is to determine the influence ROA, ROE and EPS on stock prices at
PT. Unilever Indonesia, Tbk in 2010–2019 either partially or simultaneously. The financial ratios studied
are: Profitability ratios which are proxied into ROA and ROE and market ratios which are proxied in
Earning Per Share. The object of this study is PT. Unilever Indonesia, Tbk. This research usesquantitative
with hypothesis testing. The population used in this study were all financial statements of PT. Unilever
Indonesia, Tbk. The samples used are the income statement, balance sheet, and share price of PT Unilever
Indonesia Tbk for the period 2009-2019. The nature of the research used is descriptive quantitative. The
results of this study indicate that partially ROA has aninfluence on stock prices with a significant level of
0.011 while ROE has no significant influence on stock prices with a significant level of 0.592 and for EPS
has significant effect on share prices with a significant level of 0.001.The results also show that Return on
Assets (ROA), Return on Equity (ROE) and Earning Per Share (EPS) simultaneously have a significant
effect on stock prices with a significant level of 0.001.The coefficient of determination (R2) is 0.927 which
means that 92, 7% of the value of the stock price can be explained by the variables ROA, ROE andEPS.
While the remaining 7.3% is influenced by other variables notexamined in this research.