BUSINESS VALUATION BY MEANS OF THE FREE CASH FLOW METHOD
Електронний архів Житомирського державного технологічного університету
View Archive Info| Field | Value | |
| Title |
BUSINESS VALUATION BY MEANS OF THE FREE CASH FLOW METHOD
?????? ??????? ???????? ?????? ??????? ???????? ??????? |
|
| Creator |
Barburski, J.
Kutrzeba, T. ?????????, ?. ???????, ?. |
|
| Subject |
cash flow
business valuation ???????? ????? ?????? ??????? |
|
| Description |
?????? ????????? ???? ? ??????? ?????? ???????, ?? ??????????? ??????? ??????? ???????? ??????? (FCFM). ??? ????? ???????? ?? ????? ???????, ?? ????????? ?? ????????? ???????? ?????????? ????????? ???????? (??????? ???????????, ??????? ??????, ?????????) ?? ???????????? ??????????? ?????? ?? ??????? ?? ????? ????????? ?????. ?? ???????? ?? ? ????? ?? ???????? ?????? ???????????????? ??????? ?????? ???????? ???????? ?? ????????? ????????????? ??????. ?? ?????? ????????? ???? ?????????? ??????? ??: ???? ?? ?????? ?????????? ??????? ???????? ???????, ????????? ?????? ???????? ? ????????????? ???????? ????????? ??????, ?????? ???????????? ???????? ????????? ?????? ?? ?????????? ? ????????? ??????. ? ???????? ??????? ?????? ????? ?????? ???????? ??????? ???????? (?????? ?.?.), ????? ???? ??????????? ?? ??????????? ???????? ?????. 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)
|
|
| Publisher |
????
|
|