Profit and Earnings Drive Automotive Stock Prices, Debt Not a Factor
The study looked at how factors like Net Profit Margin, Price Book Value, Debt to Equity Ratio, Total Asset Turnover, and Earning per Share affect the stock prices of automotive companies in Indonesia from 2014 to 2018. They found that Price Book Value and Earning per Share have an impact on stock prices, while Net Profit Margin, Debt to Equity Ratio, and Total Asset Turnover do not. Overall, all these factors together influence stock prices.