Valuation of Companies

J. Lisník


This paper deals with valuating telecommunications companies. Six groups operating mainly in the European countries are compared. The comparison is based on financial and techno-economic indicators.These indicators are used to value the company by the DCF method. However, many companies have only a very short history. To value these, classical methods like DCF or real options are not suitable. In this case, methods based on market confrontation seem to be efficient. A further exploration of these methods is also the topic of my graduate studies 


Valuation; companies; DCF; indicator; market confrontation

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ISSN 1210-2709 (Print)
ISSN 1805-2363 (Online)
Published by the Czech Technical University in Prague