Estudio de Valoración de Empresas Bajo el Modelo de Flujo de Caja Descontado

Abstract

The method known as discounted cash flow was introduced by the Prizes Novel Modigliani and Miller in 1961. Difficulty of this valuation method comes from the limitations to reasonable estimates of future cash flows and the uncertainty in determining t h e r a t e d i s c o u n t e d t o t h e i r p r e s e n t value.(Consultores, 2007, p 20.) With completion of this work seeks to analyze the method of business valuation model under the discounted cash flow by collecting existing information currently employers are affected in general due to having no knowledge of the performance and profitability, creates uncertainty in quantifying changes in equity since the competitiveness of an assessment is related to fitness and independence who run, people develop studies for this assessment, should have the historical financial information elapsed time of the company during the operation. The method of discounted cash flow is calculated from the flow of historical free cash annually adjusted discount rate, debt, equity, average debt ratio, return on assets, tax rate and growth rate, the flow discounted cash is regarded as one of the possible solutions to the problem that occurs in many of the currently operative, companies know and value a company or asset before negotiations and investments.