THE EFFECT OF CAPITAL INTENSITY AND FREE CASH FLOW ON FIRM VALUE

Novita Sari1, Heidy Paramitha Devi, Moh. Ubaidillah

Abstract


This study was conducted to examine the extent to which capital intensity and free cash flow affect firm value in Food & Beverage companies whose shares are traded on the Indonesia Stock Exchange from 2021 to 2025. This research applies a quantitative-associative approach, using secondary data in the form of annual reports and financial statements of the sample companies, which were then processed using multiple linear regression techniques. The results show that capital intensity has a positive and significant contribution to firm value; conversely, free cash flow is shown to have a negative and significant contribution. Future researchers are encouraged to incorporate other variables that may influence firm value and to broaden the scope of the research objects.

Keywords: capital intensity, free cash flow, firm value


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References


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