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Principles and Pitfalls of Terminal Value in DCF / Principy a nástrahy terminální hodnoty v DCF

The thesis deals with the topic of terminal value assessment in DCF models. Examining ten different techniques, the parameters behind, and the possible perils, its aim is to formulate the best practice for terminal value estimation. Afterwards, eleven of real business valuations are analyzed with the previously formulated best practice serving as a benchmark. Where possible, the impact of departures from the best practice on the estimated business value is quantified. The analysis confirms the hypothesis that practical terminal value assessments often diverge substantially from the best practice, which has a material impact on the resulting business value estimate.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:2211
Date January 2007
CreatorsDvořák, Antonín
ContributorsKislingerová, Eva, Hnilica, Jiří
PublisherVysoká škola ekonomická v Praze
Source SetsCzech ETDs
LanguageEnglish
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/masterThesis
Rightsinfo:eu-repo/semantics/restrictedAccess

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