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ABSTRACT
Tubagus Winanto 0502025084
ANALYSIS OF EFFECT OF EARNINGS PER SHARE (EPS) AND
OPERATING CASH FLOW (OCF) TO SHARE PRICE IN
COMMUNICATIONS SECTOR IN INDONESIA STOCK EXCHANGE (IDX),
Strata One Program, Department of Accounting, Faculty of Economics,
University of Muhammadiyah Prof.. DR. Hamka Jakarta 2012.
The purpose of this study was to determine the influence of Earnings Per
Share is there (EPS) and Operating Cash Flow (OCF) of the company's stock
price in the telecommunications sector in Indonesia Stock Exchange, this study
uses explanatory methods. Explanatory method used to determine the effect of
EPS (X1) and OCF (X2) of the Share Price (Y) and the relationship between EPS
(X1) and OCF (X2) of the Share Price (Y). The population in this study are listed
telecommunications company in Indonesia Stock Exchange (IDX) accounted for 3
(three) companies. The sampling technique used in this study is Purposive
Sampling Method, in which the technique of determining the sample and the
population with particular consideration is taken based on the criteria. Processing
and data analysis using regression / correlation analysis and multiple coefficient of
determination.
Earnings Per Share (EPS) and Operating Cash Flow (OCF) of the stock
price is as follows: Y = 102.285 + 3.727 X1 + 6.496 X2. Rate constants of
102.285 states that if no Earnings Per Share (EPS) and Operating Cash Flow
(OCF), the stock price of 102.285%. Regression coefficient of 3.727 X1 states
that every decrease of 1% Earnings Per Share (EPS), the stock price would
decline by 3.727% assuming the Operating Cash Flow (OCF) remains. Regression
coefficient of 6.496 X2 states that every 1% increase in Operating Cash Flow
(OCF), the Return Shares will experience an increase of 6.496%, assuming Per
Share Earnings (EPS) remain. This suggests that there is a strong relationship
between EPS and OCF of Stock Price. Model Summary table based on the
number R of 0.982 is obtained. This suggests that there is a strong relationship
between Earnings Per Share, Operating Cash Flow to the Stock Price. And
obtained figures R2 (R Square) of 0.963 or by 96.3%. This shows that the
percentage contribution of the independent variable Earnings Per Share and
Operating Cash Flow is able to explain by 96.3%. Variation in the dependent
variable stock price. While the remaining 3.7% is explained by the variable
affected or other internal factors, Return On Asset (ROA), return on investmen
(ROI), Dividend Per Share (DPS).
Earnings Per Share is a financial analysis tool that is often used as a
measure of corporate performance, a company that has a good financial
performance can be measured through the acquisition of Earnings Per Share (EPS)
in the income statement each year. Operating Cash Flow (OCF) for the owners of
the tools used to analyze the performance and achievements of the management.
Because based on the cash flow statement can be known to all expenditures and
receipts during the period.
For investors who intend to invest should consider the EPS and OCF for
this study based on the ratio has an effect on stock prices. For further research
would be better if the ratio should be analyzed using the kind of companies
engaged in various sectors and areas in a company, so as to obtain data and more
accurate results. Besides research results generated will be more accurate if it adds
to external factors such as foreign exchange rates, political and economic situation
of a country so it would be getting better results
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