Deep energy renovation strategies: A real option approach for add-ons in a social housing case study

2018 ◽  
Vol 161 ◽  
pp. 1-9 ◽  
Author(s):  
Elettra Agliardi ◽  
Elena Cattani ◽  
Annarita Ferrante
2014 ◽  
Vol 1 (2) ◽  
Author(s):  
Anjala Kalsie

The objective in the paper is to value a firm in distress which is struggling to survive and continue its operations, unable to meet its debt obligations, and making losses so that it has a negative book value. The paper has taken a listed Indian firm which is in operation since a decade called Jet Airways. The paper looks at different methods to value this company, the most prominent being the real option approach to valuation. Finally, a comparison of different valuation methods was done with the real company price. The Discounted Cash Flow method tends to overvalue the price of a distressed firm. Real option method gives us a much smaller intrinsic price which is even close to the market price of the share.


2018 ◽  
Vol 19 (1) ◽  
pp. 191-205
Author(s):  
Dariusz Michalski

Traditional way of companies valuation based on discounted cash-flows do not consider the value of flexibility that managers can create. The objective of this article is the presentation of the theoretical aspects of companies valuation with real option’s approach and DCF method. The case study regards the power plant valuation. Author took assumptions that valuation method based only on DCF do not considers in proper way the flexibility connected to future companies activity. The development of valuation method by real option approach can complete these deficiencies in random environment.


2015 ◽  
Vol 103 ◽  
pp. 338-351 ◽  
Author(s):  
Llorenç Burgas ◽  
Joaquim Melendez ◽  
Joan Colomer ◽  
Joaquim Massana ◽  
Carles Pous

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