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
Multiples for Valuation Estimates of Life Science Companies in Sweden
KTH, School of Engineering Sciences (SCI), Mathematics (Dept.), Mathematical Statistics.
KTH, School of Engineering Sciences (SCI), Mathematics (Dept.), Mathematical Statistics.
2019 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Multiplar för värdering av Life Science Företag i Sverige (Swedish)
Abstract [en]

Market multiples are a common and simple tool for estimation of corporate value. It can express temporal dynamics and differences in markets, industries and firms. Despite their practical usefulness, some critical problems remains which continue to be debated. This thesis investigates if there exists characteristics for explaining market capitalization by market multiples within the life science industry in Sweden. The approach follows well known theory of multiple linear regression analysis. The results indicated only a linear relationship between the market cap and the R\&D expenditures of a company. This does not mean that the other explanatory variables does not have effect on market cap only that there is no linear relationship that could be statistically proven.

Abstract [sv]

Värderingsmultiplar är ett vanligt och enkelt verktyg för att approximera företags värde. Det kan beskriva temporär dynamik och skillnader hos marknader, industrier och bolag. Trots dess praktiska användbarhet finns en del kritiska problem som fortfarande debatteras. Denna uppsats undersöker om det existerar några egenskaper för att förklara marknadsvärdet med hjälp av värderingsmultiplar inom life science industrin i Sverige. Tillvägagångssättet följer välkänd teori om multipel linjär regressions analys. Resultaten visade att det endast finns ett samband mellan marknadsvärdet och utgifter för forskning och utveckling för ett bolag. Detta innebär inte att de andra variablerna inte har någon effekt på marknadsvärdet, utan att det inte finns ett linjärt samband som kan bevisas på ett statistiskt vis.

Place, publisher, year, edition, pages
2019.
Series
TRITA-SCI-GRU ; 2019:156
Keywords [en]
Market capitalization, valuation multiples, multiple linear regression
Keywords [sv]
Marknadsvärde, värderingsmultiplar, multipel linjär regression.
National Category
Probability Theory and Statistics
Identifiers
URN: urn:nbn:se:kth:diva-254239OAI: oai:DiVA.org:kth-254239DiVA, id: diva2:1334418
External cooperation
Infront
Subject / course
Applied Mathematics and Industrial Economics
Educational program
Master of Science in Engineering - Industrial Engineering and Management
Supervisors
Examiners
Available from: 2019-07-02 Created: 2019-07-02 Last updated: 2019-07-02Bibliographically approved

Open Access in DiVA

fulltext(897 kB)41 downloads
File information
File name FULLTEXT01.pdfFile size 897 kBChecksum SHA-512
2b631b618a25fb922b9a3dee1d4c6c8941d8d41c729015caa144d57f7641a1086ff7e3560953916f1132d240a33396abdbdb799ea7bc6a955bb1a935f924c595
Type fulltextMimetype application/pdf

By organisation
Mathematical Statistics
Probability Theory and Statistics

Search outside of DiVA

GoogleGoogle Scholar
Total: 41 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: 34 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