The evaluation and analysis of financial health, and factors that affect profitability and stock return of PT Industri Jamu dan Farmasi SIdo Muncul, Tbk. Period 2014-2022

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Timotius, Bernard (2024) The evaluation and analysis of financial health, and factors that affect profitability and stock return of PT Industri Jamu dan Farmasi SIdo Muncul, Tbk. Period 2014-2022. Graduate thesis, Sekolah Tinggi Manajemen IPMI.

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Abstract

Indonesia has more than 270 million population which makes it very attractive to create potential business growth in pharmaceutical sector. Moreover, Indonesian people still consider traditional medicine can cure or prevent some diseases. This kind of behavior is grasped as a huge opportunity by PT. Industri Jamu dan Farmasi Sido Muncul, Tbk (SIDO) to expand their business in Indonesia. This study aims to analyze and evaluate the financial performance is also carried out using Altman Z-score in the period 2017-2022. Financial ratios as fundamental factors and macroeconomics variables were selected and applied to multi-regression model to analyze and evaluate the effect on profitability and stock return of SIDO. This research uses quantitative research method with purposive sampling technique which collected in total 36 samples form quarterly financial statement of SIDO in the period 2014-2022. Based on Altman Z-score model, SIDO is a healthy company with score way above the minimum score of Altman Z-score model. The results based on Altman Z-score does not differ between before and during COVID-19 periods. Both periods were showing that SIDO could manage the financial performance above the bankruptcy score of Altman Z-score. In the regression result on profitability, DER and TATO show positive effect to ROE of SIDO, while CR shows negative effect. Furthermore, on regression result on stock return, TATO has negative effect while ROE has positive effect with statistically significant. Moreover, market return and foreign exchange rate movements have positive effect, while COVID-19 has negative effect to stock return. This study will enrich the knowledge pf shareholders and investors towards the financial performance and stock return of SIDO. As well as it will give insight for internal management to explore some opportunities in leveraging capital structure of the company.

Item Type: Thesis (Graduate)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Thesis > Master of Business Administration
Depositing User: Dwi Selviyana
Date Deposited: 04 Jul 2024 03:06
Last Modified: 04 Jul 2024 03:06
URI: http://repository.ipmi.ac.id/id/eprint/2520

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