[HTML][HTML] Which multiples matter in M &A? An overview

M Shaffer - Review of Accounting Studies, 2023 - Springer
This paper provides an overview of valuation multiples in mergers and acquisitions advisory.
I review the literature and legal controversies and the theoretical basis for their role. I then …

Stick to the fundamentals and discover your peers

JO Knudsen, S Kold, T Plenborg - Financial Analysts Journal, 2017 - Taylor & Francis
The use of industry as a criterion for selecting peers for multiples-based valuation rests on
the notion that companies operating in the same industry are more likely to share …

[HTML][HTML] On the differential analysis of enterprise valuation methods as a guideline for unlisted companies assessment (I): Empowering discounted cash flow valuation

G Vayas-Ortega, C Soguero-Ruiz, JL Rojo-Álvarez… - Applied Sciences, 2020 - mdpi.com
The Discounted Cash Flow (DCF) method is probably the most extended approach used in
company valuation, its main drawbacks being probably the known extreme sensitivity to key …

Emerging market stock valuation: new evidence from Peru

PJA Barbier, KJB Farfán - International Journal of Economic …, 2021 - inderscienceonline.com
There is still a debate regarding which valuation multiples can estimate the price of a stock.
Nevertheless, recent research has not considered previous relevant findings and authors …

Price-Earnings multiple as an investment assessment tool in analyzing stock market performance of selected universal banks in the Philippines

AJ Dayag, F Trinidad - International Journal of Research in Business …, 2019 - ssbfnet.com
Abstract Price-Earning Ratio or P/E Multiple is a widely used, straightforward investment
assessment tool in developed countries. However, the method has not been utilized as …

Dividend policy, firms' characteristics and the impact on the Southeast Asian firms' value

A Surwanti, WS Pamungkas - 4th International Conference on …, 2021 - atlantis-press.com
This research aims to analyze the factors determining the dividend policy of the Southeast
Asian non-financial corporate sectors. In this research, the dividend policy of firms in …

Valuation of small to medium sized companies using spatial information: An empirical example from the fruit subsector

P Occhino, M Maté - Spanish Journal of Agricultural Research, 2018 - sjar.revistas.csic.es
Abstract The Discounted Cash Flow (DCF) model, similar to other firm valuation models,
uses temporal information for a firm to forecast future results. However, the lack of temporal …

Terminal value in SMEs: Testing the multiple EV/EBITDA approach

R Vidal-Garcia, J Ribal - … of Business Valuation and Economic Loss …, 2019 - degruyter.com
This study focuses on answering whether EV/EBITDA multiple of public companies in the
food industry can be useful to obtain the Terminal Value (TV) in the valuation of unlisted …

Valuation of agrifood SMEs. Lessons to be learnt from the stock market

R Vidal, FJR Sanchis - Spanish Journal of Agricultural Research, 2017 - dialnet.unirioja.es
The European agrifood industry is mostly characterized by small and medium enterprises
(SMEs); as in 2013, SMEs represented 99.13% of the total number of companies. The …

Contentious Valuations: Accounting Reports as Schelling Points

M Shaffer - Available at SSRN 4633067, 2023 - papers.ssrn.com
This paper advances a new framework for understanding a use case for financial
accounting, as anchoring Schelling points for institutional valuations.'Institutional'denotes …