Title: Metody oceňování podniků typu DCF a jejich numerická realizace pomocí sw Mathematica
Other Titles: DCF type valuation methods of firm and their numerical realization using sw Mathematica
Authors: Lukáš, Ladislav
Citation: Trendy v podnikání = Business trends : vědecký časopis Fakulty ekonomické ZČU v Plzni. 2013, č. 4, s. 35-43.
Issue Date: 2013
Publisher: Západočeská univerzita v Plzni
Document type: article
článek
URI: http://www.fek.zcu.cz/tvp/doc/akt/tvp-4-2013-clanek-4.pdf
http://hdl.handle.net/11025/16289
ISSN: 1805-0603
Keywords: firemní metody oceňování;snížení peněžných toků;DCF-entity;DCF-čistá hodnota;DCF-APV
Keywords in different language: firm valuation methods;discounted cash flows;DCF-entities;DCF-equity;DCF-APV
Abstract in different language: The paper is focused on firm valuation methods based on discounted cash flows and their numerical realization using sw Mathematica. The methods DCF-entity, DCF-equity and DCF-APV are presented in compact mathematical form, which enable us to discuss in detail both discounting processes and continuing values, as well. Discounting process constitute the core of any DCF type method. In particular, two general expressions are presented for calculation both weighted average costs of capital, i.e. celebrated WACC, and costs of equity for a leveraged firm. In general, computation of firm continuing value can be performed either by Gordon formula or by parametric one. Snippets of Mathematica code are presented for all main steps of firm valuation DCF-entity method thus giving the important algorithmic details. The results are presented mainly in figures, which were issued by Mathematica, too.
Rights: © Západočeská univerzita v Plzni
Appears in Collections:Číslo 4 (2013)
Články / Articles (KEM)
Číslo 4 (2013)

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