Κριτική αξιολόγηση μεθόδων αποτίμησης επιχειρήσεων
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Keywords
Αποτίμηση ; Χρηματοοικονομική ανάλυση ; Αριθμοδείκτες ; Μετοχικές αποδόσεις ; CAPM ; ΧρηματιστήριαAbstract
This project was produced as part of the acquisition of the diplomatic title in Business Administration department at the University of Piraeus. The aim of the paper is to present the main methods for valuing a public trading company that are used either by internal or external analysts. More specifically, for the preparation of the practical part of this thesis three Greek pulic trading companies were selected. Furtheremore, th companies that were selected and examined in depth of five years are Korres SA Natural Products, GR. SARANTIS SA and finally JUMBO ANONYMOUS TRADING COMPANY.
The first chapter presents the main indicators that are used by businesses today, in the context of the Financial Analysis. Also, in the same chapter, it is made a presentation of their formulas and their advantages. In the second chapter, we analyze the theoretical background of the valuation. Moreover, it is examined, in theory, the principal of a business valuation methods and we make a critical evaluation of each of the methods presented. Then in the third chapter, we stimate and analyzed the results of the most important ratios for each of the companies that have been selected. Finally, the fourth chapter, assesses the value of each of the above companies with the appropriate method that meets the business data.