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The Effect of Profitability and Capital Structure on the Value of F&B Companies Listed on the Indonesia Stock Exchange During the Covid-19 Recovery Period from 2021 to 2024 Aisya Ramadhani; Dian Senly Andika; Rizma Fauziyah; Ely Siswanto; Subagyo Subagyo
Formosa Journal of Applied Sciences Vol. 4 No. 12 (2025): December 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjas.v4i12.512

Abstract

This study aims to analyze the effect of profitability and capital structure on the value of companies in the food and beverage (F&B) sub-sector listed on the Indonesia Stock Exchange during the COVID-19 recovery period from 2021 to 2024. Using a quantitative approach and multiple linear regression analysis of 12 companies that met the purposive sampling criteria, this study found that profitability had a positive and significant effect on company value. In contrast, capital structure had a negative and significant effect. These results indicate that the ability to generate profits is a strong signal for investors, while high debt levels lower market perception. Simultaneously, both variables have a significant effect, although their contribution is limited.