List of Articles Capital Cash FloW

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  1 - Valuing‌‌ of cash flows in capital cash flow method and comparison it with free cash flow and adjusted present value methods in listed companies of Tehran stock exchange
  Mohsen Dastgir Vali Khodadadi Maryam Ghayed
  One of the methods for valuing companies is the use of discounted cash flows. In this paper, we introduce capital cash flow discounted by weighted average cost of capital after tax and compare with free cash flow discounted by weighted average cost of capital before tax More

  One of the methods for valuing companies is the use of discounted cash flows. In this paper, we introduce capital cash flow discounted by weighted average cost of capital after tax and compare with free cash flow discounted by weighted average cost of capital before tax. The sample data set used consists of 54 companies listed in stock exchange. Then, we collect their financial information during during 1383 to 1385 and for analysis, we apply T student statistic test.                                                                       The results show that by using suitable discounted rate, the calculated valuation by capital cash flow would equal with both of introduced methods.   Manuscript profile
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  2 - Enterprises Valuation in Tehran Stock Exchange by Analyzing Actual Cash Flows and Using the Model Arzac 2005
  Roya Darabi Katayoon Alimardani
  Valuation is assumed as the common aspect of all financial activities. This plays the main role in optimum allocating of capital. Valuation of enterprises is the most important and also the most complicated economic concepts in all countries so that in advanced countrie More

  Valuation is assumed as the common aspect of all financial activities. This plays the main role in optimum allocating of capital. Valuation of enterprises is the most important and also the most complicated economic concepts in all countries so that in advanced countries with advanced capital markets, value of enterprises is specified through investment banks, investment consultants and specialized standards for each industry. In our country, by communicating general politics of the article 44 of law by the leader Mr. Khamenei and the importance of valuation to execute his orders and regarding to the problems in last year’s in valuation of the enterprises which are made by the organizations trying to make the enterprises private, this has become a substantial subject. In this research which is deductive-inductive, we are inspecting the value of adopted enterprises in Tehran stock exchanges by using actual cash flow and comparing it with market value through analyzing the regression. There are two hypotheses given to investigate this subject, that to investigate it in years 1382-1387, 60 enterprises are ed as sample which are divided in to 3 groups; enterprises with 5 year information(39 enterprises), enterprises with 4 year information(49 enterprises) and enterprises with 3 year information(48 enterprises) related to cash flows, and value of enterprise is calculated by using actual capital cash flows and it is compared with market value of enterprise. In fact, in this research well known statement in finance textbooks about equality of enterprise value with Present Value of Future cash flow is being challenged. Manuscript profile