FINANCIAL PERFORMANCE, MARKET VALUE, AND STOCK PRICE OF TELECOMMUNICATIONS COMPANIES IN INDONESIA

Abstract

This study aims to determine the effect of Current Ratio (CR), Debt to Assets Ratio (DAR), Total Assets Turnover (TATO), Return On Equity (ROE), Earnings Per Share (EPS), Price Earnings Ratio (PER), and Dividend Payout Ratio (DPR) on stock prices in telecommunications companies on the Indonesia Stock Exchange for the period 2016-2023, both partially and simultaneously. The population in this study were telecommunications companies on the Indonesia Stock Exchange for the period 2016-2023.  The analysis techniques used were multiple regression analysis, descriptive analysis, classical assumption testing, correlation coefficient, coefficient of determination, model testing, and hypothesis testing.  The results of this study indicate that the Current Ratio (CR), Debt to Assets Ratio (DAR), Total Assets Turnover (TATO), and Earnings Per Share (EPS) have a positive and significant effect on stock prices, while the Dividend Payout Ratio (DPR) has a negative and significant effect on stock prices. Return on Equity (ROE) and Price Earnings Ratio (PER) have no effect and are not significant on stock prices. Simultaneously, they have a positive and significant effect on stock prices in telecommunications companies for the period 2016-2023.