加拿大代写essay 市场

| 14-12月-2013 | 加拿大代写

加拿大代写essay

这种方法的批评者声称,这是一个非常基本的估值和形式分析的方法是过度简化由于其高度简单化的假设。的支持者多阶段的贴现现金流模型的概念认为,在这个动态和创新的环境(在每个公司的特点是独特的和创新的商业模式,也不会被轻易复制或复制他人),很难找到类似的对于每一个公司。股票市场不能确定是完全有效的,问题在新兴经济体的股市变得复杂。由于市场不能认为是完美的,没有保证这样一个特定的股票的市场价值是准确的效率低下的市场因素价格的安全。这将导致错误定价的市场价值可比被转移到安全的内在价值也被重视。几位分析人士持有的观念,这种方法可以被视为适合确定的终端价值公司的可持续的竞争优势,而证人超常增长率在估值的时候,但从长远来看,其增长速度将接近整个行业的平均增长率。

加拿大代写essay

Critics of this approach assert that this is a very basic form of valuation and construe the method to be excessively simplified due to its highly simplistic assumptions. The proponents of the concepts of multi-period discounted cash flow models argue that in this dynamic and innovative environment (wherein each company is characterized by a unique and innovative business model that cannot be easily replicated or copied by others), it is difficult to find a comparable for every company. The stock markets cannot be determined to be perfectly efficient and the problem gets complicated in the stock markets of emerging economies. Since the markets cannot be assumed to be perfect, there is no assurance as such that the market value of a particular stock is accurate as inefficiencies in the market are factored in the prices of the security also. This would lead to mispricing in the market value of the comparable being transferred into the intrinsic value of the security also which is being valued. Several analysts hold the notion that this approach can be deemed to be suitable to determine the terminal value of the companies at the end of the sustainable competitive advantage period, which witness supernormal growth rates during the time of valuation, but in the long term, its growth rate would be close to the average growth rate of the industry as a whole.

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