Public Company Valuation in Emerging Markets: A Simplified and Practical Step-by-Step Approach via DCF
摘要
This chapter offers a compendious and holistic guide to listed emerging market company valuation, seeking to integrate corporate finance theory and real-world examples in a common-sense approach. It outlines the key valuation issues and theory-based solutions to market-specific risk and opportunities, offering step-by-step procedures to estimate fundamental company value. Through a straightforward framework-based approach based on the work of multiple authors in the space, readers can gain practical knowledge of financial forecasting, cost of capital, and best practices in valuation, enhancing their abilities in analysing and interpreting stock value in these fascinating and increasingly important markets but which nonetheless provide challenges to the valuation professional.