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BUSINESS VALUATION BY MEANS OF THE FREE CASH FLOW METHOD

Електронний архів Житомирського державного технологічного університету

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Title BUSINESS VALUATION BY MEANS OF THE FREE CASH FLOW METHOD
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Creator Barburski, J.
Kutrzeba, T.
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Subject cash flow
business valuation
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Description ?????? ????????? ???? ? ??????? ?????? ???????, ?? ??????????? ???????
??????? ???????? ??????? (FCFM). ??? ????? ???????? ?? ????? ???????, ??
????????? ?? ????????? ???????? ?????????? ????????? ???????? (???????
???????????, ??????? ??????, ?????????) ?? ???????????? ??????????? ?????? ??
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The paper presents one of the methods of business valuation, namely the free cash flow
method (FCFM). This method belongs to the income methods group that are based on
the company's ability to generate future income (earnings, cash flow, dividends),
discounted at the interest rate that takes into account the relevant risk. In practice, it is
one of the methods most widely used to estimate the value of the company and make
the investment decisions. The article presents such theoretical issues as: types and
methods of determining free cash flow, company valuation procedure using free cash
flow, methods of forecasting free cash flow and the possibilities and limitations of the
method. In the last part of the article, the author estimates the value of a selected
company (Pozbud S.A.) quoted on the Warsaw Stock Exchange.
 
Date 2016-04-18T12:11:51Z
2016-04-18T12:11:51Z
2012
 
Type Article
 
Identifier http://eztuir.ztu.edu.ua/123456789/2930
 
Language en
 
Relation ???????? ?????? ?? ??????????? ??????????????? ??????, ???????? ? ???????: ??????. ??????? ???????? ?????;???.3(24)
 
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