开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

廖廖酱 · 2023年04月05日

关于statement2

NO.PZ2018103102000072

问题如下:

Which of the following statements is incorrect?

Statement 1: A dividend discount model is applicable to stable, mature, dividend paying companies.

Statement 2: The free cash flow valuation model is an appropriate measure if a company is viewed as an acquisition target.

Statement 3: The dividend discount model may be more related to long-run profitability of the firm as compared to the free cash flow model.

选项:

A.

Statement 1.

B.

Statement 2.

C.

Statement 3.

解释:

C is correct.

考点:Appropriateness & Summary of Valuation Methods

解析:选项C说反了,相对于分红而言,自由现金流与公司长期盈利能力更为相关。选项B是正确的,因为对于并购后取得实际控制的投资者来说,自由现金流模型比红利模型更加适合。

老师请问下statement2是不是问的是与红利折现模式相比,自由现金流模式更适合作为收购时候使用?

2 个答案
已采纳答案

王园圆_品职助教 · 2023年04月06日

嗨,努力学习的PZer你好:


对,因为FCFF和FCFE更偏向于是大股东的自由现金流模型,所以确实更适合在收购情况下使用,只是在本题中,statement2并没有这个意思

----------------------------------------------
就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

王园圆_品职助教 · 2023年04月05日

同学你好,不是,statement2并没有和DDM比较的意思,它只是单纯的阐述FCFF/FCFE是可以用来做被收购公司的valuation的意思

廖廖酱 · 2023年04月06日

是不是因为收购是对企业取得控制,所以用FCFF或者FCFE更合适?

  • 2

    回答
  • 1

    关注
  • 217

    浏览
相关问题

NO.PZ2018103102000072问题如下 Whiof the following statements is incorrect? Statement 1: A vinscount mol is applicable to stable, mature, vinpaying companies. Statement 2: The free cash flow valuation mol is appropriate measure if a company is vieweacquisition target. Statement 3: The vinscount mol mmore relateto long-run profitability of the firm compareto the free cash flow mol. Statement 1. Statement 2. Statement 3. C is correct.考点Appropriateness Summary of Valuation Metho解析C说反了,相对于分红而言,自由现金流与公司长期盈利能力更为相关。B是正确的,因为对于并购后取得实际控制的投资者来说,自由现金流模型比红利模型更加适合。 老师,请问B的acquisition target指的不是收购标的吗?不是指被收购公司吗

2023-09-22 19:57 2 · 回答

NO.PZ2018103102000072问题如下 Whiof the following statements is incorrect? Statement 1: A vinscount mol is applicable to stable, mature, vinpaying companies. Statement 2: The free cash flow valuation mol is appropriate measure if a company is vieweacquisition target. Statement 3: The vinscount mol mmore relateto long-run profitability of the firm compareto the free cash flow mol. Statement 1. Statement 2. Statement 3. C is correct.考点Appropriateness Summary of Valuation Metho解析C说反了,相对于分红而言,自由现金流与公司长期盈利能力更为相关。B是正确的,因为对于并购后取得实际控制的投资者来说,自由现金流模型比红利模型更加适合。 解析说的长期盈利是指g吗?意思是说因为m没有考虑g的因素,而ggm和fcf的估值有关于g的假设,所以更能反映长期利润水平吗?

2023-04-24 02:46 1 · 回答

NO.PZ2018103102000072问题如下 Whiof the following statements is incorrect? Statement 1: A vinscount mol is applicable to stable, mature, vinpaying companies. Statement 2: The free cash flow valuation mol is appropriate measure if a company is vieweacquisition target. Statement 3: The vinscount mol mmore relateto long-run profitability of the firm compareto the free cash flow mol. Statement 1. Statement 2. Statement 3. C is correct.考点Appropriateness Summary of Valuation Metho解析C说反了,相对于分红而言,自由现金流与公司长期盈利能力更为相关。B是正确的,因为对于并购后取得实际控制的投资者来说,自由现金流模型比红利模型更加适合。 3陈述,如果公司是长期profit的公司,并且进行分红,用发的vin行求算,不是更好么

2022-07-23 23:28 1 · 回答

statement3所说的不是M的假设条件吗?就是going-concern啊,这个题干应该就是这么个意思吧?

2020-03-11 14:49 1 · 回答