Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Relative and Discounted Cash Flow Valuation on Swedish Listed Companies: How applicable are the methods to companies in different industries?
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
2019 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The purpose of this thesis is to look at how the two widely used valuation approaches Free Cash Flow to Firm and Relative valuation can contribute to the explanation of market prices of shares. The study also aims to investigate if it is possible to find any significant differences between industries, while using the two valuation methods.

There are a large number of models that are used to value assets and corporations, which have been used for a long time in the banking sector and similar contexts. It is widely known that a single valuation method or model which could predict a future stock price is hard to find or might even not exist. The study uses a quantitative method, in which we evaluated 36 Swedish companies, to be able to draw conclusions about the two valuation approaches.

Our results suggest that the calculated prices obtained from the two methods correlate with the market price of the share, and that the result differ between different industries.

Place, publisher, year, edition, pages
2019. , p. 64
Keywords [en]
corporate finance, finance, valuation, discounted cash flow, multiples, relative valuation, free cash flow to firm
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:lnu:diva-85602OAI: oai:DiVA.org:lnu-85602DiVA, id: diva2:1327026
Educational program
Business Administration and Economics Programme, 240 credits
Presentation
2019-05-29, Växjö, 23:11 (English)
Supervisors
Examiners
Available from: 2019-06-20 Created: 2019-06-18 Last updated: 2019-06-20Bibliographically approved

Open Access in DiVA

fulltext(3819 kB)36 downloads
File information
File name FULLTEXT01.pdfFile size 3819 kBChecksum SHA-512
6370f43d431dc09faeccb40087f407ce080161feee03dbaaa7f32eaaf39c2fa7b60b42ac1f59416f4ad8e5dcc42a457effabdbf2b62634fcc612b477c75db421
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Otterberg, SimonZetterberg, August
By organisation
Department of Management Accounting and Logistics
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
Total: 36 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 52 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf