With these points in mind, a DCF analysis can be used in threeways: (1) As a measure of absolute value. A DCF analysis will provide an absolutevalue and it is always useful to 'sense check' this against an implied traditionalmultiple (eg EV/EBITDA, PE, P/BV, etc). (2) As a tool in scenario analysis. Thesescenarios should reflect company specific factors rather than macro factors, whichaffect the value of all other companies in the market as well as the company beingvalued. Each scenario should use the same discount rate. (3) In a calculation of animplied discount rate based on current price and forecast free cash flows. Thisdiscount rate can be compared with those of other companies and/or a theoreticaldiscount rate. This approach has the advantage that it permits relative valuations.
© 2024 All rights reserved. 北京转创国际管理咨询有限公司 备案号: 京ICP备19055770号-4
Transverture International Group Co Ltd, Guangdong Branch
地址:广州市天河区天河北路179号尚层国际1601
深圳市福田区深南中路2066号华能大厦
佛山顺德区北滘工业大道云创空间
东莞市大朗镇富丽东路226号松湖世家
梅州市丰顺县留隍镇新兴路881号
长沙市芙蓉区韶山北路139号文化大厦
欢迎来到本网站,请问有什么可以帮您?
稍后再说 现在咨询