THE EFFECT OF NET PROFIT MARGIN, FREE CASH FLOW, AND FIRM GROWTH ON FIRM VALUE

Alvi Divaul Janah, Rollis Ayu Ditasari

Abstract


Firm value reflects business performance and future prospects that attract investor attention. In the oil, gas, and coal subsector, firm value is affected by external factors such as global commodity price fluctuations and internal factors including profitability, free cash flow, and firm growth. This study examines the effect of Net Profit Margin, Free Cash Flow, and firm growth on firm value of companies listed on the Indonesia Stock Exchange during 2021–2024. A quantitative method with secondary financial data and multiple linear regression was applied. The results show that Net Profit Margin and Free Cash Flow significantly and positively affect firm value, while firm growth is positive but not significant. Simultaneously, the three variables significantly influence firm value. This study highlights the importance of profitability and cash flow as signals for investors and offers practical implications for companies to maintain financial performance in enhancing firm value.

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