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- Title
ARE COMPANY VALUATION MODELS THE SAME? - A COMPARATIVE ANALYSIS BETWEEN THE DISCOUNTED CASH FLOWS (DCF), THE ADJUSTED NET ASSET, VALUE AND PRICE MULTIPLES, THE MARKET VALUE ADDED (MVA) AND THE RESIDUAL INCOME (RI) MODELS.
- Authors
STANCU, Ion; OBREJABRAŞOVEANU, Laura; CIOBANU, Anamaria; STANCU, Andrei Tudor
- Abstract
In this article, we analyze and compare several well-known methods of company valuation. In particular, we focus on the income approach (discounted cash flows, the market value added or residual income), the assets approach (net asset), and the market approach (based on value and price multiples) to value companies. This initiative aims to identify the hypothesis considered and to test the equivalence of the results obtained by these valuation methods.
- Subjects
VALUATION of corporations; CASH flow; MARKET value added; NET Asset Value; STOCK exchanges; PRICING
- Publication
Economic Computation & Economic Cybernetics Studies & Research, 2017, Vol 51, Issue 3, p5
- ISSN
0424-267X
- Publication type
Article