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Free Cash Flow Model Based On Investment Analysis Of The China Internet Company

Posted on:2008-03-14Degree:MasterType:Thesis
Country:ChinaCandidate:G H LiuFull Text:PDF
GTID:2189360215982108Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
Chinese Internet companies are listed on NASDAQ, and they develop very rapidly. However, they are not commensurate with the value of the Internet companies is the assessment method which is relatively backward. This paper introduces enterprise valuation theory and the means to assess the value of the mainstream. Discounted Cash Flow model is more suited to the assessment of the value of Internet companies.Internet companies can be present in the value of the stock market is undervalued or overvalued. The model provides a reference value of the investor's investment decision.Papers innovations are the following two points:First, the calculation of free cash flow improvements. The new method of calculating the FCF is more practical and feasible for the Internet companies.Second, because of the economic characteristics of the Internet companies as virtual enterprise, the application of free cash flow to the Internet companies discount model is lack. This paper proposed a creative solution to the problem for future similar projects.
Keywords/Search Tags:Enterprise Value Assessment, Free Cash Flow, Internet enterprises, Investment
PDF Full Text Request
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