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!作者: llxx 时间: 2011-7-13 16:11
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作者: hassan 时间: 2011-7-13 16:11
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. ?作者: charlescfau 时间: 2012-5-23 09:14
