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艾米娜姆💫 · 2025年02月23日

他发现有些对公司终值的计算方法更有用和EEM只计算无形资产价值的联系是什么?

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问题如下:

Ulrich Schwalke has been recently hired as an analyst at a private equity firm. Schwalke completed many private company valuations for entire businesses. As a result, certain methods of calculating terminal values seemed to be more useful for his work than other methods. Which terminal value estimation method is least useful for Schwalke?

选项:

A.

CCM

B.

EEM

C.

Market multiple method

解释:

B is Correct. Because Schwalke’s work involves valuing entire businesses, the EEM is likely to be the least useful due to its reliance on multiple discount rates. The EEM is more commonly used to value a company’s intangible assets, while the CCF and market multiple methods are more useful in valuing entire businesses.

感觉之前给的答案在强行解释

他发现有些对公司终值的计算方法更有用和EEM只计算无形资产价值的联系是什么?因为EEM不能计算terminal value?但是乘数法也不能计算terminal value啊

1 个答案

王园圆_品职助教 · 2025年02月23日

同学你好,“ certain methods of calculating terminal values seemed to be more useful for his work than other methods.”这句话是说有些方法可以用来计算terminal value有些不行,所以题目才会问考生哪种方法不适合计算terminal value的,这句话只是一种问法,和EEM不能计算terminal value无关,考点在上面一道题你问的这个问题里,助教的第一次回答里助教已经截图体现了。另外,乘数法非常适合用在terminal value的计算上——具体请参考上一道问题的回答