<![CDATA[Purpose: This investigation scrutinizes the impact of capital intensity, capital structure, and profitability on firm value in coal companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2024. Methodology/approach: A numerical methodology is implemented, leveraging ancillary records sourced from yearly fiscal reports of IDX-registered coal enterprises. The cohort encompasses 120 firm-annual data points extracted via criterion-based sampling. Panel data econometric estimation evaluates the interconnections amidst the operational parameters. Findings: The empirical findings demonstrate that capital intensity, capital structure, and profitability simultaneously affect firm value. Partially, capital intensity and capital structure have no significant effect, whereas profitability positively affects firm value. Practical and Theoritical contribution/Originality: This study advances the literature by simultaneously analyzing capital intensity, capital structure, and profitability in explaining firm value in the coal industry. The findings offer a refined perspective on the relative roles of profitability, investment scale, and financing structure in a capital-intensive context. Research Limitation: The study is constrained by a limited observation period and limited measurement indicators, which may not fully capture the variables examined.]]>
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