Cash flow vs earnings valuation
The research paper is an effort to compare the earnings based and cash flow based methods of valuation of an enterprise. An ex-post analysis of published accounting and financial data for four financial years from to has been conducted.
A comparison of these valuation estimates with the actual market capitalization of the company shows that the complex accounting based model AOIGM provides closest forecasts.
These different estimates may be derived due to inconsistencies in discount rate, growth rates and the other forecasted variables. Although inputs for earnings based models may be available to the investor and analysts through published statements, precise estimation of free cash flows may be better undertaken by the internal management.
The estimation of value from more stable parameters as Residual operating income and Residual Net Operating Assets could be considered superior to the valuations from more volatile return on equity. Agarwal, Megha, Earnings vs.
The Valuation Perspective May 24, Subscribe to this fee journal for more curated articles on this topic.
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Introduction To Discounted Cash Flow Valuation
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Megha Agarwal University of Delhi. Abstract The research paper is an effort to compare trading on the binary options in rubles earnings based and cash flow based methods of valuation of an enterprise.
Megha Agarwal Contact Author University of Delhi email New Delhi India. Asx online trading course this Paper Open PDF in Browser.
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