International Journal of Research and Review DOI: https://doi.org/10.52403/ijrr.20210522 Vol.8; Issue: 5; May 2021 Website: www.ijrrjournal.com Research Paper E-ISSN: 2349-9788; P-ISSN: 2454-2237 International Journal of Research and Review (ijrrjournal.com) 146 Vol.8; Issue: 5; May 2021 Analysis of the Effect of Company Size, Asset Growth, and Capital Structure on the Intrinsic Value of Property and Real Estate Companies in Indonesia Margareth Dorti Panggabean 1 , Iskandar Muda 2 , Rina Br Bukit 2 1 Postgraduate Students, Department of Property and Valuation Management at Universitas Sumatera Utara, Indonesia 2 Postgraduate Lecturer, Department of Property and Valuation Management at Universitas Sumatera Utara, Indonesia Corresponding Author: Margareth Dorti Panggabean ABSTRACT The intrinsic value of a company refers to the real value of a company. Company value in the concept of intrinsic value is not just the price of a set of assets, but the value of the company as a business entity that has the ability to generate profits at a later date. In the company appraisal process, that how the capital structure can affect the value of the company or not, the presence of various risks, taxes, and other costs, as well as changes in leverage can increase the value of the company and reduce it. This study aims to analyze the effect of company size and asset growth through capital structure on the intrinsic value of companies in the property and real estate industry listed on the Indonesia Stock Exchange in 2018 with a total sample of 37 companies. The results of the analysis in this study indicate that company size has a positive and significant effect on capital structure, asset growth has no effect on capital structure, company size and asset growth have a positive and significant effect on intrinsic value, while capital structure has no effect on intrinsic value, and firm size and asset growth there are no direct effect on intrinsic value through capital structure. This study also obtained the result that firm size is more dominant in supporting intrinsic values of Property and Real Estate Companies in Indonesia. Keywords: Company Size, Asset Growth, Capital Structure, Intrinsic Value INTRODUCTION The intrinsic value of a company refers to the real value of a company. Company value in the concept of intrinsic value is not just the price of a set of assets, but the value of the company as a business entity that has the ability to generate profits at a later date. In the company appraisal process, that how the capital structure can affect the value of the company or not, the presence of various risks, taxes, and other costs, as well as changes in leverage can increase the value of the company and reduce it. In the corporate appraisal process, it can be seen that how the capital structure can affect the value of the company or not, with the presence of various risks, taxes, and agency costs, changes in leverage can increase the value of the company and reduce it (Damodaran, 2012). Generally, large companies tend to find it easier to get creditor trust to get funding sources so that they can increase the value of the company (Praman and Mustanda, 2016). Rai and Sudiartha (2016) states that the size of the total assets and capital used by the company is a reflection of the size of the company. Go public companies can be categorized as large companies or companies that have better growth, so that the company's growth can