Abstract:
Stock return is crucial to analyze before making investment since gaining return is the
main objective. The analyzing can implement fundamental analysis which involves
microeconomics variables of company. According to IDX, financial sector generates the
highest return, unfortunately it is still volatile. Moreover, since COVID-19 pandemic,
economic situation becomes unstable. This research aims to analyze and compare partial
and simultaneous relationship of microeconomics variables (Book Value Per Share,
Price to Book Value, Price Earning Ratio, Debt to Equity Ratio, Net Profit Margin and
Debt Ratio) with stock return in financial sector main board companies in 2019 (before
COVID-19 pandemic) and 2020 (during COVID-19 pandemic). Multiple linear
regression is implemented and resulting that in 2019, only Price to Book Value, Price
Earning Ratio and Net Profit Margin have significant relationship with stock return. In
2020, only Price Earning Ratio and Debt to Equity Ratio have significant relationship
with stock return. For both years, simultaneous relationship between all
microeconomics variables and stock return are found. The result can be used for
investor and main board financial sector companies.
