Please use this identifier to cite or link to this item:
https://archive.cm.mahidol.ac.th/handle/123456789/3115
Title: | Discounted cash flow valuation of the Erawan group public company limited. |
Authors: | Wanravee Sirisawat |
Keywords: | Hospitality financial management Valuation Discounted cash flow |
Issue Date: | 27-Aug-2019 |
Publisher: | มหาวิทยาลัยมหิดล |
Citation: | 2018 |
Abstract: | This thematic paper demonstrated how to value the stock price of The Erawan Group Public Company Limited (ERW) which applied the concept of the free cash flow to firm (FCFF) model. It reflected the company’s ability generate free cash flow without debt. I applied discounted cash flow valuation method to express the value of the company’s stock. We consider using FCFF valuation as it is the most appropriate method for valuation. Free cash flow to firm represent the value of firm’s activities that come from the root of firm’s value derived from future earnings. As a result the ERW target price from forward FCFF method is 6.98 THB, comparing to the current price of 6.45 THB, therefore we recommend HOLD. |
URI: | https://archive.cm.mahidol.ac.th/handle/123456789/3115 |
Other Identifiers: | TP FM.018 2018 |
Appears in Collections: | Thematic Paper |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
TP FM.018 2018.pdf | 1.3 MB | Adobe PDF | ![]() View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.