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ruchita

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tT
发表于 2011-7-13 16:11 | 只看该作者

MVA, EVA, Economic Profit, Economic Inc, Accting Income

easily, together, remember, somebody, valuation
Can somebody give me some suggestions on how to easily remember the MVA, EVA, Economic Profit, Economic Income, Accting Income and Claims valuation? They are all scrambling together at this point!
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llxx

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2#
发表于 2011-7-13 16:11 | 只看该作者
Accounting Income = Revenues - Expenses (based on Accounting Depreciation).

Claims valuation - split up the claims between Equity/Debt Holders, value each claim individually, sum them up to arrive at Firm value.

EP=NOPAT-$WACC [NOPAT= EBIT(1-T)]
MVA=NPV of EPt @ WACC

EIncome=AT Cash Flows - Economic Depreciation
=AT Cash Flows -(Ending Value - Beginning Value)
Eincome also = AT Cash Flows + Change in Market Value


MVA=MV(Debt)+MV(Equity)

CP

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hassan

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3#
发表于 2011-7-13 16:11 | 只看该作者
MVA=MV(Debt)+MV(Equity)- invested capital


Claims valuation - split up the claims between Equity/Debt Holders, value each claim individually, sum them up to arrive at Firm value. ?

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charlescfau

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4#
发表于 2012-5-23 09:14 | 只看该作者
EIncome=AT Cash Flows - Economic Depreciation
=AT Cash Flows -(Ending Value - Beginning Value)

it should be: EI = AT cash flows - (beginning value - ending value)

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