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Instructions

1

If you want to calculate the cost business in the forecast period, then use thediscounting of cash flows. It involves the application of the discount rate, i.e. interest rate used to bring future income to the present value. In this case, the projected cost business will be calculated as follows: P =? CFt / (1 + I) ^ t, where CFT is the cash flow for the period t, I is the discount rate, t is the number of the period at the beginning of which the valuation is performed business.

2

But you must understand that the enterprise continuestheir work in the post-forecast period. Depending on the company's development prospects, various options are possible: from its stable growth to bankruptcy. For rate business you can use the Gordon model, which assumes that the growth rates of sales and profits are stable, and the amount of depreciation equals the amount of capital investment. In this case, the cost business is defined as follows:P = CF (t + 1) / (Ig), where CF (t + 1) is the cash flow in the first year of the post-forecast period, I is the discount rate, and g is the growth rate of the cash flow. It is advisable to apply this model if the sales market is large , supplies of raw materials and materials are stable, the company has access to the necessary monetary resources, the situation in the market is favorable.

3

If a post-forecast period is expectedbankruptcy of the enterprise with the further sale of its property, then use this calculation: P = (A-O) x (1 - Lcp) - Relic, where A is the sum of assets subject to reassessment, D is the amount of liabilities; Rlick - the cost of liquidation. This includes insurance costs, taxation, management costs, payment for the appraiser's services, payments to staff. The value of the liquidation value is influenced by the location of the enterprise, the situation in the industry, the quality of assets and other factors.