A Simplified Common Stock Valuation Model

1984 ◽  
Vol 40 (5) ◽  
pp. 49-56 ◽  
Author(s):  
Russell J. Fuller ◽  
Chi-Cheng Hsia
Keyword(s):  
Common Stock ◽  
Stock Valuation ◽  
Valuation Model

Abstract: An Empirical Assessment of Lessee Disclosure Policy

1977 ◽  
Vol 12 (4) ◽  
pp. 655-655
Author(s):  
John S. Hughes ◽  
George S. Oldfield
Keyword(s):  
Empirical Analysis ◽  
Balance Sheet ◽  
Market Value ◽  
Common Stock ◽  
Security Prices ◽  
Risk Class ◽  
Disclosure Policy ◽  
Empirical Assessment ◽  
Valuation Model ◽  
The Empirical Analysis

The purpose of this paper is to provide evidence concerning investor reactions to off-balance sheet disclosures of concancellable leases as reflected in security prices. A valuation model is defined based upon the work of Modigliani and Miller which expresses the market value of the firm's common stock as a function of lease indebtedness. Data for the empirical analysis are obtained from Compustat and SEC form 10 K's. Crosssectional regressions are run by risk class on samples of 620 firms reporting rent expense, 432 firms disclosing lease commitments, and 139 firms reporting present values of so-called “financing” leases.

scholarly journals Performance Evaluation of Stocks’ Valuation Models at MSE

2018 ◽  
Vol 11 (2) ◽  
pp. 7-23
Author(s):  
Zoran Ivanovski ◽  
Zoran Narasanov ◽  
Nadica Ivanovska
Keyword(s):  
Cash Flow ◽  
Stock Prices ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Main Task ◽  
Stock Valuation ◽  
Market Prices ◽  
Valuation Model ◽  
Relative Valuation ◽  
Dcf Model

Abstract Subject and purpose of work: The main task of this paper is to examine the proximity of valuations generated by different valuation models to stock prices in order to investigate their reliability at Macedonian Stock Exchange (MSE) and to present alternative “scenario” methodology for discounted free cash flow to firm valuation. Materials and methods: By using publicly available data from MSE we are calculating stock prices with three stock valuation models: Discounted Free Cash Flow, Dividend Discount and Relative Valuation. Results: The evaluation of performance of three stock valuation models at the MSE identified that model of Price Multiplies (P/E and other profitability ratios) offer reliable stock values determination and lower level of price errors compared with the average stocks market prices. Conclusions: The Discounted Free Cash Flow (DCF) model provides values close to average market prices, while Dividend Discount (DDM) valuation model generally mispriced stocks at MSE. We suggest the use of DCF model combined with relative valuation models for accurate stocks’ values calculation at MSE.

Approaches to Common Stock Valuation

2011 ◽  
pp. 271-286
Author(s):  
Pamela P. Drake ◽  
Frank J. Fabozzi ◽  
Glen A. Larsen
Keyword(s):  
Common Stock ◽  
Stock Valuation

How the Equity Terminal Value Influences the Value of the Firm?

2017 ◽  
Vol 13 (1) ◽  
Author(s):  
Alfonso A. Rojo-Ramírez ◽  
Maria J. Martínez-Romero ◽  
Teresa Mariño-Garrido
Keyword(s):  
Cash Flow ◽  
Flow Model ◽  
Intrinsic Value ◽  
Cash Flows ◽  
Common Stock ◽  
Present Value ◽  
Discounted Cash Flow ◽  
Valuation Model ◽  
The Impact ◽  
Future Cash Flows

AbstractThe discounted cash flow model (DCFM) views the intrinsic value of common stock as the present value of its expected future cash flows. This paper analyses whether the equity terminal value (EqTV) of the firm calculated by fundamentals is appreciated by the market. It also studies the impact of variations in EqTV and the extent to which the market perceives these variations. Using a sample of 62 Spanish listed companies, this paper shows that EqTV and its variations are positively and significantly correlated with EqTV assigned by the market and its corresponding variations. It therefore corroborates the validity and relevance of the valuation model.

scholarly journals A GENERALIZED EARNINGS-BASED STOCK VALUATION MODEL

2005 ◽  
Vol 73 (s1) ◽  
pp. 1-31 ◽  
Author(s):  
MING DONG ◽  
DAVID HIRSHLEIFER
Keyword(s):  
Stock Valuation ◽  
Valuation Model

A Computer Program for Common Stock Valuation

1968 ◽  
Vol 24 (4) ◽  
pp. 107-111
Author(s):  
David K. Eiteman
Keyword(s):  
Computer Program ◽  
Common Stock ◽  
Stock Valuation
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