Abstract :
This study aims to analyze the effect of net income and operating cash flow on stock prices in manufacturing companies listed on the Surabaya IDX for the period 2019 - 2022. The indicators tested in this study are net income after tax deduction, cash flow from operating activities and stock price at closing. This study uses quantitative research, in the form of secondary data obtained on the Indonesia Stock Exchange website. The samples used in this study were 25 companies. The sampling technique used in this study was purposive sampling. The data analysis method used is panel data regression analysis with the Eviews 12 data processing application. The regression model used is the Fixed Effect Model (FEM) using descriptive analysis,classical assumption test (multicollinearity and heteroscedasticity test) and hypothesis testing (t test, f test and coefficient of determination test). The results of statistical testing show that partially net income has an effect on stock prices while operating cash flow has no effect on stock prices. In the f test (simultaneous test)obtained the results that, net income and operating cash flow together affect the stock price.