标题: Reading 44: Market-Based Valuation: Price and Enterprise Val [打印本页]
作者: 土豆妮 时间: 2011-3-18 15:56 标题: [2011]Session 12-Reading 44: Market-Based Valuation: Price and Enterprise Val
Session 12: Equity Investments: Valuation Models
Reading 44: Market-Based Valuation: Price and Enterprise Value Multiples
LOS p: Discuss the sources of difference in cross-border valuation comparisons.
Which of the following factors is a source of differences in cross-border valuation comparisons?
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B) |
Intra-country market indicators. | |
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C) |
Comparative advantage. | |
Different accounting conventions make cross-border comparisons for valuation purposes challenging.
[此贴子已经被作者于2011-3-21 11:36:23编辑过]
作者: 土豆妮 时间: 2011-3-18 15:56
Which of the following price multiples is most severely damaged by international accounting differences?
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A) |
Price to cash flow from operations (P/CFO). | |
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B) |
Price to free cash flow to equity (P/FCFE). | |
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C) |
Enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA). | |
EV/EBITDA is the most seriously affect because it is most closely tied to accounting conventions.
作者: 土豆妮 时间: 2011-3-18 15:57
Which of the following factors is NOT a source of differences in cross-border valuation comparisons?
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A) |
Intra-country market indicators. | |
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Intra-country market indicators are not, by definition, cross-border.
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