Academic literature on the topic 'Discounted cash flow valuation method'

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Journal articles on the topic "Discounted cash flow valuation method"

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Ivanovski, Zoran, Zoran Narasanov, and Nadica Ivanovska. "Performance Evaluation of Stocks’ Valuation Models at MSE." Economic and Regional Studies / Studia Ekonomiczne i Regionalne 11, no. 2 (June 1, 2018): 7–23. http://dx.doi.org/10.2478/ers-2018-0011.

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Abstract Subject and purpose of work: The main task of this paper is to examine the proximity of valuations generated by different valuation models to stock prices in order to investigate their reliability at Macedonian Stock Exchange (MSE) and to present alternative “scenario” methodology for discounted free cash flow to firm valuation. Materials and methods: By using publicly available data from MSE we are calculating stock prices with three stock valuation models: Discounted Free Cash Flow, Dividend Discount and Relative Valuation. Results: The evaluation of performance of three stock valuation models at the MSE identified that model of Price Multiplies (P/E and other profitability ratios) offer reliable stock values determination and lower level of price errors compared with the average stocks market prices. Conclusions: The Discounted Free Cash Flow (DCF) model provides values close to average market prices, while Dividend Discount (DDM) valuation model generally mispriced stocks at MSE. We suggest the use of DCF model combined with relative valuation models for accurate stocks’ values calculation at MSE.
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KATO, KELLY. "Valuation Of “S” Corporations Discounted Cash Flow Method." Business Valuation Review 9, no. 4 (December 1990): 117–22. http://dx.doi.org/10.5791/0882-2875-9.4.117.

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Bondarchuk, Alina. "PROBLEMS BUSINESS VALUATION ENTERPRISES DISCOUNTED CASH FLOW METHOD." Drukerovskij vestnik, no. 1 (March 2015): 142–46. http://dx.doi.org/10.17213/2312-6469-2015-1-142-146.

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Janiszewski, Sławomir. "How to Perform Discounted Cash Flow Valuation?" Foundations of Management 3, no. 1 (January 1, 2011): 81–96. http://dx.doi.org/10.2478/v10238-012-0037-4.

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How to Perform Discounted Cash Flow Valuation?Within the last few decades the quickly accelerating globalization processes contributed to rapid increase in the value of the global capital markets, and mergers and acquisitions transactions. This implicated the rising importance of methodologies that enable investors to efficiently value the companies. The aim of this elaboration is to present practical approach towards the discounted cash flow company valuation method, considered one of the most effective but simultaneously one of the most sophisticated among all. The article comprises purely theoretical as well as practical knowledge, based on the author's broad professional experiences.
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Russell, Mark. "The valuation of pharmaceutical intangibles." Journal of Intellectual Capital 17, no. 3 (July 11, 2016): 484–506. http://dx.doi.org/10.1108/jic-10-2015-0090.

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Purpose – The purpose of this paper is to value the patents of pharmaceutical companies using discounted cash flows, and compare the value-relevance of these assets against alternative intangible asset measures such as reported intangible assets and R & D capital. Design/methodology/approach – The study values pharmaceutical intangibles using three methods: an income method; the sum of unamortised R & D expenditures; the firm’s reported intangible assets. Value-relevance tests use ordinary least squares regression and Vuong and Clarke tests. Findings – First, the study finds that the discounted cash-flow valuation of pharmaceutical patents is value-relevant. Second, the value of pharmaceutical patents explains market value better than reported intangible assets but not R & D capital. However, the valuation of pharmaceutical patents is more consistent with the risks of R & D than the valuation of R & D capital which assumes recovery of R & D expenditure. Originality/value – This is the first known study that values patents using an income method and compares those valuations with reported intangible assets and R & D capital valuation models.
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Karminsky, A., and E. Frolova. "Methods of Bank Valuation in the Age of Globalization." MGIMO Review of International Relations, no. 3(42) (June 28, 2015): 173–83. http://dx.doi.org/10.24833/2071-8160-2015-3-42-173-183.

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This paper reviews the theory ofvalue-based management at the commercial bank and the main valuation methods in the age of globalization. The paper identifies five main factors that significantly influence valuation models selection and building: funding, liquidity, risks, exogenous factors and the capital cushion. It is shown that valuation models can be classified depending on underlying cash flows. Particular attention is paid to models based on potentially available cash flows (Discounted cash flow-oriented approaches, DCF) and models based on residual income flows (Residual income-oriented approaches). In addition, we consider an alternative approach based on comparison with same sector banks (based on multiples). For bank valuation equity discounted сash flow method is recommended (Equity DCF). Equity DCF values equity value of a bank directly by discounting cash flows to equity at the cost of equity (Capital Asset Pricing Model, CAPM), rather than at the weighted average cost of capital (WACC). For the purposes of operational management residual income-oriented approaches are recommended for use, because they are better aligned with the process of internal planning and forecasting in banks. For strategic management residual income-oriented methods most useful when expected cash flows are negative throughout the forecast period. Discounted сash flow-oriented approaches are preferable when expected cash flows have positive values and needs for models using is motivated by supporting the investment decisions. Proposed classification can be developed in interests of bank management tasks in the midterm in the age of globalization.
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HENRIQUE POLICARPO NEVES, MARCOS. "AVALIAÇÃO FINANCEIRA ATRAVÉS DA FERRAMENTA VALUATION, PELO MÉTODO DO FLUXO DE CAIXA DESCONTADO, NO BANCO DE CAPITAL ABERTO ITAÚ UNIBANCO HOLDING S.A." Revista Científica Semana Acadêmica 9, no. 205 (September 17, 2021): 1–17. http://dx.doi.org/10.35265/2236-6717-205-9171.

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The valuation process of companies is essential for investors to estimate the fair value of a company. Once it has been established, it is possible to compare with the market value and thus judge whether an asset is cheap, fair or expensive. There are several methodologies for calculating the valuation of a company, among which the following stand out: method of market multiples; discounted cash flow method; method based on the book value. In this sense, the present work aims to evaluate the fair price of the shares of Itaú Unibanco bank (ITUB4) through the discounted cash flow method. For this, data about the company were used from the balance sheet and the statement of income for the year, made available on the internet by the bank. After these data analyzes and the establishment of some assumptions, the cash flow for the next 10 years was projected. From this, the flows were brought to present value, to calculate the fair price of the company's shares, using an appropriate discount rate. As a final result, the model indicates that the shares are undervalued by the market, that is, they are cheap and with a growth potential of 32%.
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Kasper, Larry J. "S Corporation Valuations—An Analysis in Search of a Solution." Business Valuation Review 26, no. 4 (January 1, 2007): 127–36. http://dx.doi.org/10.5791/0882-2875-26.4.127.

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Abstract Until now, the approaches to valuing S corporations have focused on two main aspects: differences in tax rates for subchapter S and C corporations and the appropriate discount rates to use in valuing them. The problem lies with the fact that traditional earnings methods of valuation, including discounted cash flow, are faced with the dilemma of having a “pretax,” that is, untaxed, cash flow passed through to the S corporation shareholder that should be discounted at the post-corporate, but preshareholder, tax discount rate. Empirical evidence is critically reviewed herein.
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Hustert, Frank. "Der Prozess der Unternehmensbewertung am Beispiel des DCF-Verfahrens." Der Betriebswirt: Volume 58, Issue 1 58, no. 1 (February 28, 2017): 25–28. http://dx.doi.org/10.3790/dbw.58.1.25.

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Der Artikel zeigt grundlegend den Prozess der Unternehmensbewertung auf. Zu Beginn werden verschiedene Anlässe und Zwecke der Unternehmensbewertung verdeutlicht, um im Anschluss daran unterschiedliche Bewertungsverfahren aufzuzeigen. Da in der Praxis insbesondere der Bewertung von Unternehmen auf Basis von Discounted Cashflows eine hohe Bedeutung zukommt, wird auf dieses Bewertungsverfahren detailliert eingegangen. The article explains the process of business valuations. First different reasons and purposes are illustrated and afterwards several valuation methods are summarized. As business valuation based on discounted cash flows is common in business today, the article focusses on this method. Keywords: unternehmensbewertung, prozesse, discounted cashflow verfahren
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Hakim, Muhammad Akhirul, Dr Raden Aswin Rahadi, and M. Akmal Adrianza. "VALUATION BUSINESS IN PEER TO PEER LENDING WITH DISCOUNTED CASH FLOW (DCF) METHOD." Advanced International Journal of Banking, Accounting and Finance 2, no. 3 (June 10, 2020): 01–12. http://dx.doi.org/10.35631/aijbaf.23001.

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Start-up companies are businesses that are now very popular in Indonesia. To support the business moving fast, these businesses need investors by offering the company's fair value. With similar but not the same calculation, in which start-up companies have different financial indicators and financial assumptions with conventional companies, in this case, the valuation is included innovation value and disruption probability. This research is a descriptive study which is based on case studies in the research object. The object of research is PT ABC, a company engaged in the field of Financial Technology. Data collection is done by collecting secondary data from the company and observation during the internship. The analysis is done by conducting a sensitivity analysis with the DCF method using Microsoft Excel. Valuation is also very closely related to Financial Projection to predict the state of the industry pear to pear landing in the future. The data shows that the enterprise value is Rp. 46,084,735,403,742. Then, EV/Revenue is 1,748 times, and the percentage of raise is 100%. According to DCF Valuation, the author suggests investors invest in the company. Because the valuation is very good.
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Dissertations / Theses on the topic "Discounted cash flow valuation method"

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Jorová, Petra. "Ocenění společnosti TBG Betonmix, a.s." Master's thesis, Vysoká škola ekonomická v Praze, 2013. http://www.nusl.cz/ntk/nusl-198277.

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This Master thesis deals witht he valuation of TBG Betonmix, a. s. to the date January 1, 2013. As a valuation method was used the earnings valuation method based on discounted free cash flow to the equity (FCFE). Important parts of Master thesis are analysis of external environment, analysis of building industry and financial analysis of the company. Process of valuation was implemented on the base of well-prepared financial plan and quantification of necessary input variables such as discount rate and rate of growth. Was used regression analysis as the basic method to predict the most signifiant value generator, sales. Results were then adjusted according to the predictions published in qualitative studies of the Czech building industry. The demand for enterprise production was reduced as a result of the economic crises, it enforced production reduction and led to decline in sales and profit from year 2009 and also deterioratingof rentability indicators or long-term assets turnover.
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Pienaar, Petrus Terblanche. "The use of the Discounted Cash Flow (DCF) method as a method of valuation within the South African property industry: A critical review." Master's thesis, University of Cape Town, 2015. http://hdl.handle.net/11427/14125.

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The Discounted Cash Flow method of property valuation is a fairly new method and research in other English speaking countries indicated a trend towards the use of the DCF method in preference to the Capitalization method despite an initial hesitance due to the perceived complexity of the method. The aim of this study was therefore to form an understanding if similar perception of complexity exists in South Africa and how these perception influence the perceptions and preference of use of the DCF method of valuation by valuation professionals within the South African context. The research was guided by three specific research questions which probed valuers' methodology preference, valuers' education, and difficulties experienced in accessing data needed for DCF valuation input variables. A mixed method research approach was adopted using questionnaire and document surveys to gather data from valuation professionals, lecturers of valuation education programs accredited with the SACPVP, and the curricula of these programs. The results indicate a general low preference for the use of the DCF method of valuation while the Capitalisation method is indicated as the most preferred method. This low preference was found to be the result of a high degree of difficulty experienced in accessing data needed for DCF valuation input variables. It was also found that the level of valuation education increases the acceptance and preference for the use of the DCF method.
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Nováková, Lucie. "Ocenění firmy ELIT CZ, spol. s r.o." Master's thesis, Vysoká škola ekonomická v Praze, 2016. http://www.nusl.cz/ntk/nusl-261812.

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This thesis deals with methods and options of valuation of companies, valuation process and everything that goes with it. An integral part of the strategic analysis is financial analysis and financial plan to years 2016 - 2020. For the financial analysis following methods have been used: vertical and horizontal analysis, a ratio indexes and the balancing rules. The financial plan has been drawn up by value generators. The aim is to valuate a specific company ELIT CZ, Ltd., which is engaged in the purchase and sale of spareparts for cars. I used to valuation by discounted cash flow method (DCF). The company is valuated to date 31. 12. 2015.
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Otterberg, Simon, and August Zetterberg. "Relative and Discounted Cash Flow Valuation on Swedish Listed Companies : How applicable are the methods to companies in different industries?" Thesis, Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO), 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-85602.

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The purpose of this thesis is to look at how the two widely used valuation approaches Free Cash Flow to Firm and Relative valuation can contribute to the explanation of market prices of shares. The study also aims to investigate if it is possible to find any significant differences between industries, while using the two valuation methods. There are a large number of models that are used to value assets and corporations, which have been used for a long time in the banking sector and similar contexts. It is widely known that a single valuation method or model which could predict a future stock price is hard to find or might even not exist. The study uses a quantitative method, in which we evaluated 36 Swedish companies, to be able to draw conclusions about the two valuation approaches. Our results suggest that the calculated prices obtained from the two methods correlate with the market price of the share, and that the result differ between different industries.
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Kovtunov, Serafim. "Stanovení hodnoty firmy." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-124932.

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The task of the final thesis is to estimate the value of the enterprise in order to sell the minority stock to unknown buyer. Whole the work is divided to two parts. The first one is theoretic part, which is presented by description of strategic analysis, financial analysis, financial plan and valuation methods. Strategic analysis consists of analysis of external potential of company and its competitive strength. The purpose of financial analysis is to show financial condition of the company using chose ratios and other financial tools and methods. The last important part is financial plan. In accordance with financial plan are predicted future revenues and cash-flow, which is the essential for method discounted cash-flow. In the second practical part were applied strategic analysis, financial analysis of financial statements, created financial plan and estimated the value of the company by the most appropriate method of valuation of enterprise.
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Pospíšilová, Jana. "Oceňování podniku." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2010. http://www.nusl.cz/ntk/nusl-222663.

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The subject of the Master´s thesis is problem of the Estimation of Company Market Value. Theoretical part contains elementary knowledge from literature and possiblities for Estimation of the Company Value. Practical part includes estamation of real company market value by profit method of discounted cash flow.
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Lopes, Sofia Teixeira. "Equity research - Jerónimo Martins." Master's thesis, Instituto Superior de Economia e Gestão, 2020. http://hdl.handle.net/10400.5/20841.

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Mestrado em Finanças
Este projeto consiste em estimar o preço alvo da ação da Jerónimo Martins para o final do ano de 2020, de acordo com as normas do ISEG do trabalho final de mestrado de Finanças. Este relatório de avaliação está de acordo com as diretrizes recomendadas do Instituto CFA. A Jerónimo Martins é uma empresa portuguesa que opera no sector de retalho e distribuição alimentar na Portugal, Polónia e Colômbia, cotada na Euronext Lisbon desde 1989, fazendo parte do índice PSI-20, com um valor de capital social de mais de €629M. Este projeto tem como objetivo analisar as demonstrações financeiras da empresa, o seu modelo de negócio, da respetiva indústria e os maiores concorrentes, como parte do processo do relatório de avaliação para estimar o preço alvo, e apresentar uma recomendação de investimento. O método escolhido para fazer a avaliação da empresa foi através dos Fluxos de Caixa Ponderados (DCF), obtendo um preço alvo no final de 2020 de €16.36, com um potencial de valorização de 19.39% comparando com o preço da ação disponível a 30 de setembro de 2020 de €13.70. A recomendação de investimento é para comprar. Complementarmente, foi usado o método dos múltiplos comparáveis através de EV/EBITDA e EV/Revenues. A atribuição de risco para a empresa é de médio risco devido à elevada competitividade existente na indústria. Os maiores riscos considerados derivam do custo da dívida, da taxa de retorno sem risco, o prémio de risco de mercado e a taxa de crescimento perpétuo.
This project consists of estimating the target price of Jerónimo Martins for the end of 2020, according to ISEG's Master of Finance Final Work Project. This Equity Research follows the CFA Institute research report recommended guidelines. Jerónimo Martins is a Portuguese company operating in the food retail and distribution sector in Portugal, Poland, and Colombia. The company is listed in Euronext Lisbon since 1989, being one of the companies included in PSI-20, with a share capital over €629M. This Masters Final Work Project analyzes the financial statements of Jerónimo Martins, its business model, the respective industry and major competitors, as part of the equity valuation process. The aim is to estimate the market value of the share at 2020 year-end and provide an investment recommendation. The methodology chosen to perform the valuation of the company's share was through Discounted Cash Flow method (DCF) reaching a target price at the end of 2020 of €16.36, with an upside potential of 19.39% comparing with the share price displayed on 30th September 2020 of €13.70. The investment recommendation is to Buy. In addition, the valuation has also used the Multiples Valuation by using EV/EBITDA and EV/Revenues. The risk assessment for the company is based on medium risk due to this industry being highly competitive. In addition, it was considered that the main risks come from the cost of debt, risk-free rate, market risk premium and perpetual growth rate.
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Nečasová, Šárka. "Ocenění společnosti s r. o. Exterier Beton." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2013. http://www.nusl.cz/ntk/nusl-223906.

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Goal of this Diploma thesis is determination of the value of Exterier Beton, s.r.o. company on the methods based of discounted cash flow. Theoretical part is focused on primary definitions, definition of value and the reasons why to carry out of valuation. There are also mentioned parts of valuation method and specification process during valuation in diploma thesis. The practical part deals with the characteristics of the company, strategic analysis, evaluation of the financial health of the company, setting up of financial plan and application of selected methods of valuation.
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Xinrui, Cao. "Equity research - Wuliangye Yibin Co., LTD." Master's thesis, Instituto Superior de Economia e Gestão, 2018. http://hdl.handle.net/10400.5/16499.

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Mestrado em Finanças
Este projeto inclui uma avaliação detalhada e a respetiva estimação do valor das ações da Wuliangye Yibin para o final do ano de 2018, de acordo com as regras do projeto final do Mestrado em Finanças do ISEG. A escolha da empresa Wuliangye Yibin deve-se ao meu interesse pessoal na indústria de Baijiu, que é uma das indústrias mais tradicionais da China. O preço-alvo foi obtido através do método de avaliação absoluta, mais especificamente o método do Flow to Equity (FTE). Adicionalmente, utilizamos o método de avaliação relativa, o método dos Múltiplos, como método complementar para apoiar a recomendação final. Uma análise de sensibilidade e uma simulação de Monte Carlo foram realizadas para analisar a robustez das estimativas obtidas. Com um preço-alvo de CNY 72.63 para FA2018 e um potencial de desvalorização de 3.78%, face ao preço de CNY 75.49 do dia 8 de março de 2018, a nossa recomendação final para a Wuliangye Yibin é de VENDA. A avaliação de risco estima um risco elevado para a empresa.
This project contains the detailed valuation and the respective estimation of Wuliangye Yibin Co., Ltd. intrinsic share value for the year end of 2018, according to ISEG?s Master in Finance final work project. The choice of Wuliangye Yibin Co., Ltd. comes from my personal interest in the Baijiu industry which is a traditional industry in China. The price target was obtained through an absolute valuation method, more specifically the Discounted Cash Flow (DCF) method. In addition, we used Relative Valuation Method approach, as a complemented method, in order to support the final recommendation. A sensitivity analysis and a Monte Carlo simulation were performed to further complement the analysis. With a price target of CNY 72.63 at YE2018, a downside potential of 3.78%, from March 8th, 2018, current price of CNY 75.49, our final recommendation for Wuliangye Yibin Co., Ltd. is to SELL, taking into consideration, the risks that may occur and that can affect the company?s performance. Our risk assessment estimates a high risk for the company.
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Pereira, Fábio Rafael Miranda. "Equity Research - Sumol+Compal, S. A." Master's thesis, Instituto Superior de Economia e Gestão, 2017. http://hdl.handle.net/10400.5/14527.

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Mestrado em Finanças
Este projeto contém uma avaliação detalhada e respetiva estimação do valor intrínseco das ações da Sumol+Compal, relativamente ao fim do ano de 2017, de acordo com o projeto final do Mestrado de Finanças do ISEG. Este relatório segue o formato recomendado pelo Instituto CFA. Sumol+Compal foi escolhida devido ao interesse pela indústria das bebidas, em geral, assim como pela notável reputação da empresa. As premissas consideradas para a avaliação, resultaram de uma análise aprofundada da informação histórica da empresa, das tendências da indústria e das projeções macroeconómicas. O preço-alvo foi obtido através de um método de avaliação absoluto, mais especificamente o método do Adjusted Present Value (APV). Adicionalmente, foi utilizado um método de avaliação relativo, o método dos Múltiplos Comparáveis. Uma análise de sensibilidade e uma simulação de Monte Carlo foram realizadas com vista a complementar a análise. Com um preço-alvo de €1.93 para o FA2017, representando um potencial de valorização de 16.90%, face ao preço atual de €1.65, do dia 12 de outubro de 2017, a nossa recomendação final para a Sumol+Compal é MANTER, tendo em consta os riscos que poderão ocorrer e afetar o desempenho da empresa. A nossa avaliação do risco estima um risco médio para a empresa.
This project contains the detailed valuation and the respective estimation of Sumol+Compal´s intrinsic share value for the end of 2017, according to ISEG's Master in Finance final work project. This report follows the recommended format by the CFA Institute. Sumol+Compal was chosen due to the interest for the beverage industry in general and due to the remarkable company's reputation. The assumptions considered for the valuation, result from a deep analysis of the company's historical data, industry's trends and macroeconomic projections. The price target was obtained through an absolute valuation method, more specifically the Adjusted Present Value (APV) method. In addition was used a relative valuation method, the Comparable Multiples method. A sensitivity analysis and a Monte Carlo simulation were performed to further complement the analysis. With a price target of €1.93 for YE2017, representing an upside potential of 16.90% from October 12th, 2017, current price of €1.65, our final recommendation for Sumol+Compal is to HOLD, taking into consideration, the risks that may occur and that can affect the company's performance. Our risk assessment estimates a medium risk for the company.
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Books on the topic "Discounted cash flow valuation method"

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Kruschwitz, Lutz. Discounted Cash Flow. New York: John Wiley & Sons, Ltd., 2006.

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Hachmeister, Dirk. Der discounted Cash Flow als Mass der Unternehmenswertsteigerung. 2nd ed. Frankfurt am Main: P. Lang, 1998.

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Hachmeister, Dirk. Der Discounted Cash Flow als Mass der Unternehmenswertsteigerung. Frankfurt am Main: P. Lang, 1995.

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Hackel, Kenneth S. Security valuation and risk analysis: Assessing value in investment decision making. New York: McGraw-Hill, 2011.

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Andreas, Löffler, ed. Discounted cash flow: A theory of the valuation of firms. Hoboken, NJ: John Wiley, 2005.

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Scholze, Andreas. Discounted Cashflow und Jahresabschlussanalyse: Zur Berücksichtigung externer Rechnungslegungsinformationen in der Unternehmensbewertung. Frankfurt am Main: Lang, 2009.

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Robinson, Jon. Property valuation and investment analysis: A cash flow approach. North Ryde, N.S.W: Law Book Co., 1989.

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Larrabee, David T. Valuation techniques: Discounted cash flow, earnings quality, measures of value added, and real options. Hoboken, N.J: John Wiley & Sons, 2013.

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Henschke, Stefan. Towards a more accurate equity valuation: An empirical analysis. Wiesbaden: Gabler, 2009.

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Strasser, Hans-Jürgen. DCF-Bewertung von Versicherungsunternehmen. Frankfurt am Main: PETER LANG, Internationaler Verlag der Wissenschaften, 2009.

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Book chapters on the topic "Discounted cash flow valuation method"

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Shapiro, Eric, David Mackmin, and Gary Sams. "Discounted cash flow." In Modern Methods of Valuation, 203–15. Twelfth edition. | Abingdon, Oxon ; New York, NY : Routledge, 2019.: Estates Gazette, 2019. http://dx.doi.org/10.1201/9781315145419-11.

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Isaac, David, and John O’Leary. "The investment method — discounted cash flow approaches." In Property Valuation Principles, 162–80. London: Macmillan Education UK, 2012. http://dx.doi.org/10.1007/978-1-137-01728-4_9.

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d’Amato, Maurizio, and Yener Coskun. "An Application of Regressed Discounted Cash Flow as an Automated Valuation Method: A Case in Bari." In Advances in Automated Valuation Modeling, 345–59. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-49746-4_19.

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Isaac, David, and Terry Steley. "Discounted Cash Flow." In Property Valuation Techniques, 24–38. London: Macmillan Education UK, 1991. http://dx.doi.org/10.1007/978-1-349-21573-7_3.

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Isaac, David, and John O’Leary. "Discounted Cash Flow." In Property Valuation Techniques, 27–47. London: Macmillan Education UK, 2013. http://dx.doi.org/10.1007/978-1-137-34916-3_3.

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Richmond, David. "Discounted Cash Flow Techniques." In Introduction to Valuation, 133–36. London: Macmillan Education UK, 1985. http://dx.doi.org/10.1007/978-1-349-07690-1_8.

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Richmond, David. "Discounted Cash Flow Techniques." In Introduction to Valuation, 99–105. London: Macmillan Education UK, 1994. http://dx.doi.org/10.1007/978-1-349-13471-7_6.

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Glabadanidis, Paskalis. "Discounted Cash Flow Valuation." In Absence of Arbitrage Valuation, 15–27. New York: Palgrave Macmillan US, 2014. http://dx.doi.org/10.1057/9781137372871_2.

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Viebig, Jan, and Thorsten Poddig. "Discounted Cash Flow (DCF) Models." In Equity Valuation, 1. Hoboken, NJ, USA: John Wiley & Sons, Inc., 2015. http://dx.doi.org/10.1002/9781119208754.part1.

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Atra, Robert J., and Rawley Thomas. "Developing an Automated Discounted Cash Flow Model." In The Valuation Handbook, 108–34. Hoboken, NJ, USA: John Wiley & Sons, Inc., 2011. http://dx.doi.org/10.1002/9781118268179.ch5.

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Conference papers on the topic "Discounted cash flow valuation method"

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Zarpani, Zarpani. "Valuation of Upstream Oil and Gas Projects using Discounted Cash Flow Methods." In 2016 Global Conference on Business, Management and Entrepreneurship. Paris, France: Atlantis Press, 2016. http://dx.doi.org/10.2991/gcbme-16.2016.11.

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Sasongko, Affandy, and Edward Tanujaya. "Valuation Analysis of PT XYZ's Initial Share Value Regarding the 2020 IPO Plan with Discounted Free Cash Flow and Relative Valuation Method." In Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia. EAI, 2020. http://dx.doi.org/10.4108/eai.5-8-2020.2301192.

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Zhou, Suihan. "Valuation with discounted cash flow in real estate industry." In the 10th International Conference. New York, New York, USA: ACM Press, 2019. http://dx.doi.org/10.1145/3306500.3306579.

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"Discounted cash flow analysis in real estate valuation: applications and theoretical questions." In ERES Conference - Amsterdam, The Netherlands: ERES Conference 1994. ERES, 1994. http://dx.doi.org/10.15396/eres1994_113.

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Kydyraliev, Syrgak, and Anarkül Urdaletova. "Stock Valuation: Dividend Discount Models." In International Conference on Eurasian Economies. Eurasian Economists Association, 2011. http://dx.doi.org/10.36880/c02.00370.

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One of the most widespread problems on a securities market is the problem of definition of an estimated stock value. It is necessary to note, that the stock price as well as the price of any good in the market is defined as the result of supply and demand interaction. Our task is to offer the mechanism, which allows making decision on purchase or sale. For this purpose the method of asset estimation by future cash flows will be used – i.e. we believe that the estimated value of an asset is equal to present value of the future cash flows which are provided by the asset. In our paper we will introduce methods for the valuation of stocks with arithmetic and pseudo-arithmetic growth of dividends.
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Malafeyev, O. A., K. V. Yupatova, I. V. Zaitseva, A. V. Shuvaev, A. F. Dolgopolova, and T. G. Gurnovich. "Social Network Valuation Using the Discounting Cash Flow Method." In 2021 1st International Conference on Technology Enhanced Learning in Higher Education (TELE). IEEE, 2021. http://dx.doi.org/10.1109/tele52840.2021.9482554.

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Hendrawan, Riko, and Ernis Himawan. "Assessing Free Cash Flow to Firm and Relative Valuation Method in Agriculture Plantation Companies Listed in Indonesia Stock Exchange in 2018." In The 2nd International Conference on Inclusive Business in the Changing World. SCITEPRESS - Science and Technology Publications, 2019. http://dx.doi.org/10.5220/0008427800850093.

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Hendrawan, Riko, and Florent Ardhi Permadi. "Do Free Cash Flow to Firm and Relative Valuation Method Work in Valuing Building and Construction Companies? : A Test in IDX in 2018." In The 2nd International Conference on Inclusive Business in the Changing World. SCITEPRESS - Science and Technology Publications, 2019. http://dx.doi.org/10.5220/0008427700740084.

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Yeter, Baran, Yordan Garbatov, and Carlos Guedes Soares. "Risk-Based Multi-Objective Optimisation of a Monopile Offshore Wind Turbine Support Structure." In ASME 2017 36th International Conference on Ocean, Offshore and Arctic Engineering. American Society of Mechanical Engineers, 2017. http://dx.doi.org/10.1115/omae2017-61756.

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The present work carries out a multi-objective design optimization of a monopile offshore wind turbine support structure. Three objective functions are created related to the minimization of the total construction cost of the monopile support structure, fatigue damage, and permissible stress ratio. The construction cost takes into account the costs associated with welding and labor. The constructional limitations in the offshore industry take into consideration in the selection of the upper boundaries of the design variables. The reliability index is employed to identify the topology of the structure as a part of the Pareto frontier solution in reducing the failure probability for the critical limit states and satisfying the target reliability level. A risk-based assessment of the optimal designs is performed and the output is used to update the life-cycle cost assessment. The ultimate optimization target is deemed to be the minimization of the levelised cost of energy, which is estimated based on the discounted cash-flow method considering the life-cycle costs constituting CAPEX and OPEX.
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Lall, Pradeep, Ryan Lowe, and Kai Goebel. "Cost Assessment for Implementation of Embedded Prognostic Health Management for Electronic Systems." In ASME 2012 International Mechanical Engineering Congress and Exposition. American Society of Mechanical Engineers, 2012. http://dx.doi.org/10.1115/imece2012-93058.

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Prognostic health management (PHM) is a method for assuring the reliability of a system by monitoring the system in real time as it is used in the field. As the system wears out, but before failure, information that facilitates decision making about the future use of the system is delivered to the user. In this paper, a cost justification has been developed for incorporating the additional circuitry needed to enable prognostics for electrical components directly onto a functional circuit board. Implementing PHM capability for circuit boards will add additional cost to a system, so high reliability systems where the cost of failure is high are easiest to cost justify for prognostics. Aerospace, defense and automotive, applications qualify as high reliability systems. Application domains that require high uptime, minimal amounts of unplanned maintenance, and controllable operating costs can also be cost justified for prognostics since they can benefit from the pro-active management of failures facilitated by PHM. Intangible criteria such as safety or the cost of human life also motivated the need for PHM, so often times projects are labeled strategic, and not subjected to the discipline of a financial analysis. This paper will show rigorous methods for assessing the decision to invest in PHM for electronics. The uncertain nature of research and development (R&D) and difficult to predict future economic conditions is not well captured by traditional discounted cash flow (DCF) methods. An approach known as the Datar-Mathews (DM) method will extend the DCF methods to be equivalent to a real options analysis and the Black-Scholes formula. The DM method is intuitive and uses concepts familiar to most engineers and technical managers.
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