Influence Operating Cash Flow , Capital Intensity , and Sales Growth Against Company Value

Authors

  • Ummaro Nur'Azizah Universitas Pamulang-Tangerang Selatan, Indonesia.
  • Ita Darsita Universitas Pamulang-Tangerang Selatan, Indonesia.

Abstract

This study aims to analyze the effect of Operating Cash Flow, Capital Intensity, and
Sales Growth on Firm Value. This study was conducted by analyzing the financial
statements of companies in the Consumer Non-Cyclical sector listed on the
Indonesia Stock Exchange (IDX) during the period 2019 to 2023. The sample used
in this study was 33 Consumer Non-Cyclical sector companies listed on the
Indonesia Stock Exchange (IDX) during the period 2019 to 2023 using a purposive
sampling technique. The data used in this study are secondary data in the form of
financial statements from each company that has been used as a research sample.
The variables used in this study are Operating Cash Flow (X1) as the first
independent variable, Capital Intensity (X2) as the second independent variable,
and Sales Growth as the third independent variable, and Firm Value (Y) as the
dependent variable. The panel data regression method is used as the research
methodology in this study. The analysis of the results of this study uses the help of
Eviews 12 Student Version Lite software. The results of this study indicate that the
best model is the Random Effect Model (REM). The results of this study indicate
that Operating Cash Flow partially has no effect on Company Value, Capital
Intensity partially affects Company Value, and Sales Growth partially affects
Company Value. Simultaneously, Operating Cash Flow, Capital Intensity, and Sales
Growth affect Company Value.

 

Keywords: Operating Cash Flow; Capital Intensity; Sales Growth; Company
Value.

Edisi Augst 2025; Vol 6 No.2

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Published

2025-08-24

How to Cite

Ummaro Nur’Azizah, & Ita Darsita. (2025). Influence Operating Cash Flow , Capital Intensity , and Sales Growth Against Company Value. EkoPreneur, 6(2), 142–159. Retrieved from https://openjournal.unpam.ac.id/index.php/EPR/article/view/52433

Issue

Vol. 6 No. 2 (2025): EkoPreneur

Section

Articles

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Copyright (c) 2025 Ummaro Nur'Azizah, Ita Darsita

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