Assignment First

  本篇代写-公司估值模型讲了公司估值是投资活动的内在要求,它是通过数字来评估公司的真实价值。以资产为基础的账面价值和公司估值可能存在显著差异。账面价值主要用于大公司,它是计算总资产减去公司负债的差额。因此,净值可以通过现金流估值或净收益估值来计算。账面价值评估主要用于日常运营成本较高的公司。类似地,如果小型公司的营业销售额在2000万左右或不到2000万,而它们还处于起步和发展的早期阶段,运营成本仍在稳定或降低,那么它们可能会利用这种估值形式。相比之下,公司估值为投资者提供了对公司当前和未来状况的真实了解。本篇代写文章由加拿大第一论文 Assignment First辅导网整理,供大家参考阅读。

  Firm Valuation Models

  Firm valuation is intrinsic to the investment activity and is done to assess the true value of the firm in numbers. The asset based book value and the firm valuation might differ significantly. Book value is used significantly in the case of major companies and it’s a calculation of the differences between total assets minus the liabilities of the company. The net worth is hence calculated and can be done so by cash flow valuation or net earnings valuation. The book value style of evaluation is used predominantly in such companies where daily operational costs are heavy. Similarly, small scale companies with operating sales around or fewer than twenty million might make use of this form of valuation if they are in the early stage of inception and development when operational costs are still being stabilized or reduced. Comparatively, the firm valuation offers a truer knowledge of current and future state of the firm for investors.

  Firm valuation is needed by investors and financial analysts to guide in investment decisions. For IPOs, firm evaluation presents a significant insight. Valuation models used will help gain insights on different drivers of the firm to add value to the firm. In the valuation process, investment analysts typically carry out business analysis, financial statement analysis, forecasting and analysis, and finally the valuation process would be based on specific models. In the business analysis step, the internal and external business drivers for the firm are identified and analysed. The analysis will throw light on the form of value the drivers add to the firm in the long run. Secondly, financial statement analysis is done by the investment analysts. Here the profitability, leverage, the growth of firm and other variables are calculated. Forecasting uses current information to project a future financial state. The valuation is what the valuation models used to understand firm value. Relative valuation, the equity value of firm is also assessed at this point.