Diplomarbeit

Thema:

A Simulation-Based Discounted Cash Flow Valuation Model

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Fachbereich2:

Summary:

Structure of the Study </b><br> This section shall provide an overview about this study and demonstrate what is covered by this study and what is not covered. <br> After the introductory remarks in Chapter 1, we describe in Chapter 2 miscellaneous valuation approaches, assess them in a "valuation approach cube", and give a rationale regarding the DCF approach based on simulation over other valuation methods. Being somewhat familiar with the simulation DCF approach then, we also name and describe the value-add this study provides. <br> Chapter 3 and Chapter 4 are the heart of this study since they comprise all relevant sections that are necessary in order to accomplish a real valuation. The structure mostly follows the natural chronological way of conducting a valuation. Figure 3 shows the basic steps in the valuation process. Next to each step, the presented and discussed issues and associated sections are listed. Additional steps that have to be accomplished prior to starting with the actual valuation are the following: <br> 1. Choose an acquisition candidate, which is the company to evaluate. <br> 2. Choose an appropriate model for the valuation. <br> We assume that the appraiser has decided to use our DCF approach. <p> In Chapter 5 we touch on the special issues of "Economic Value Added (EVA)", "Leasing", and "Mergers and Acquisitions" which are of particular interest for appraisers and managers. <br> Chapter 6 summarizes our findings and completes this study with some concluding remarks and prospects for further research.

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Abgabe:

30.11.2006 16:56:32

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