加拿大毕业论文代写融资模式

加拿大毕业论文代写

As has been discussed above, the aim for valuation determines the choice of the valuation model used. When the valuation model seeks to determine the value of the company which is a potential take over target, the models applied account for the expected synergistic benefits of the deal also and as such, models like Free Cash Flow to Firm are used which ignores the financing patterns of the company and determines the value of its operating activities and profits from operations. On the other hand, if an institutional investor is valuing the company to include it in their portfolio, their valuation approach would be completely different, which would focus on the correlation of the returns of the security with the investor’s portfolio and identify the returns that accrue to a small retail investor, who does not possess a strategic stake in the company, through methods like Dividend Discount Model, etc.

Analysts are often confronted with a wide gamut of potential investments and in such situations, if they apply the discounted cash flow valuations methodology for each and every security, the process may be very time consuming as determination of the values of the inputs is an extremely challenging task and accurate estimates require substantial time and efforts on the part of the analyst. Though the advent of IT has simplified the process of making computations, the estimates are arrived at, only after the exercise of judgment by the analysts and this process cannot be completely automated. Thus, screening on an initial basis is done by the analysts in a speedier manner through the application of relative valuation models.

 

 

加拿大毕业论文代写

如以上所讨论的目的,评估确定使用的估值模型的选择。当评估模型旨在确定的公司,这是一个潜在的接管目标值,应用该模型帐户的交易预期协同效益,也因此,模型像企业自由现金流量是忽略了公司的融资模式,决定了其经营活动和经营利润的价值。另一方面,如果一个机构投资者对公司的估值将其包含在他们的投资组合,其估值方法是完全不同的,这将集中在安全的返回与投资者的投资组合的相关性,确定累积到一个小的散户投资者的回报,那些不具备在公司战略股份等方法,通过股息贴现模型,等等。

分析师们常常面临的潜在投资的广色域,在这种情况下,如果他们应用贴现现金流估值方法,每一个安全,过程可能会很耗时的输入值的确定是一个非常具有挑战性的任务和精确的估计需要对分析师的一部分,大量的时间和努力。虽然出现的具有简化计算过程,估计是到达,审判的运动分析这个过程不能完全自动化的后。因此,一个初始的基础上筛选是由快速的方式的分析师通过相对估值模型的应用做了。

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