Methodological aspects of evaluating a company’s investment attractiveness
- Autores: Nemtseva Y.V.1, Vorozhbickaya Y.V.1
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Afiliações:
- Novosibirsk State University of Economics and Management
- Edição: Volume 29, Nº 1 (2021)
- Páginas: 114-125
- Seção: ECONOMIC GROWTH AND SOCIO-ECONOMIC DEVELOPMENT
- URL: https://journal-vniispk.ru/2313-2329/article/view/324241
- DOI: https://doi.org/10.22363/2313-2329-2021-29-1-114-125
- ID: 324241
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Resumo
The actual problems of choosing tools for risk assessment and predicted profitability (attractiveness) of an investment object are studied. There is a close relationship between the financial multipliers DIV/FCF, P/E Shiller, EV/EBITDA and risk indicators, which gives the investor the opportunity to make additional operational forecasts when analyzing an investment project. A number of key financial multipliers (P/S, EV/S, P/OCF, P/FCF) have been identified, and it is not entirely correct to use them as criteria for making an investment decision. The expediency of using the EV/EBITDA multiplier for making forecasts about the volatility of the return on shares of a certain company is justified, since this is the only indicator among the financial multipliers selected for analysis that has a relationship with the beta coefficient. Recommendations for forming a sample of necessary indicators (multipliers) when making investment decisions by various stakeholders are proposed.
Sobre autores
Yulia Nemtseva
Novosibirsk State University of Economics and Management
Autor responsável pela correspondência
Email: nemtseva_july@mail.ru
PhD in Economics, Docent of the Department of Corporative Management and Finance
56 Kamenskaya St, Novosibirsk, 630099, Russian FederationYulia Vorozhbickaya
Novosibirsk State University of Economics and Management
Email: vorozhbickaya@yandex.ru
2nd-year master’s student of the Department of Corporative Management and Finance
56 Kamenskaya St, Novosibirsk, 630099, Russian FederationBibliografia
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