Financial Metrics and Stock Valuation in Indonesian Non-Cyclical Manufacturing Firms

Dewi Maya Sari; Mislinawati; Dara Angreka Soufyan; Suhaini Mat Daud

Dewi Maya Sari Politeknik Aceh
Mislinawati Politeknik Aceh
Dara Angreka Soufyan Universitas Teuku Umar
Suhaini Mat Daud Politeknik Sultan Abdul Halim Muadzam Shah

Keywords: Stock Prices, Liquidity, Profitability, Firm Size

Abstract

This study investigates the factors influencing stock price volatility, including firm size, profitability, and liquidity, within the non-cyclical consumer sector. Utilizing data from 147 manufacturing companies on the Indonesia Stock Exchange (IDX) between 2017 and 2019. The sample was chosen via purposeful sampling, and multiple linear regression was used to analyze the data. This research uses multiple regression analysis. The analysis reveals that profitability and firm size positively affect share prices,while liquidity has a negative impact. Investors should consider the implications of the study's findings, especially those who invest in stocks, take profitability and firm size into account when making investments. Profitability can also let investors know how well things are looking for the business in the future.Bottom of Form