Sales Growth, Operating Cash Flow and Stock Price: An Empirical Analysis

Abstract

This research aims to find out the influence of growth sales and operating cash flow on price shares in the company's property, real estate, and building construction listed on the Indonesia Stock Exchange for the 2017-2019 period. The factors tested in this research are growth sales and operating cash flow as variable independent, whereas price share is the dependent variable. The research method used in this research is descriptive. The population in this study is company property, real estate, and building construction registered on the Indonesian Stock Exchange for the 2017-2019 period, totaling 84 companies. The sampling technique used in this research is non-probability sampling method - purposive sampling, so the sample in this study is 46 companies. Multiple linear regression analyses were conducted to assess the extent to which sales growth and operating cash flow impact stock price variations. The results indicate that both sales growth and operating cash flow significantly influence price shares. Furthermore, the analysis reveals that sales growth and operating cash flow collectively account for approximately 45.5% of the variability observed in price shares.