Fundamental Analysis that Affects Stock Returns of the Coal Mining Sub-Sector on the Indonesia Stock Exchange 2015-2020

This study aims to determine the factors that influence stock returns of coal mining sub-sector companies listed on the Indonesia Stock Exchange. With a population of 30 companies and research samples that pass the criteria as many as 16 companies. The method used in this research is panel data regression analysis. With data processing software using Stata 16. The results showed that the microeconomic variables of sales growth, debt to asset ratio, and return on assets had no effect on stock returns.