Metodología para valoración financiera de Pymes colombianasutilizando flujos de efectivo1
In this paper a model is designed and developed to value financially small and medium enterprises (SME’s) in Colombia, which are operating and that are not publicly traded. The Discounted Cash Flow methodology is used, which uses historical financial statements as input, such as the Balance Sheet, t...
- Autores:
-
Tovar Posso, Mauricio
Muñoz Martínez, Ivonne Tatiana
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2018
- Institución:
- Universidad Sergio Arboleda
- Repositorio:
- Repositorio U. Sergio Arboleda
- Idioma:
- spa
- OAI Identifier:
- oai:repository.usergioarboleda.edu.co:11232/1353
- Acceso en línea:
- https://doi.org/10.22518/usergioa/jour/ccsh/2018.2/a11
http://hdl.handle.net/11232/1353
- Palabra clave:
- financial valuation of companies,
valoración financiera de empresas
metodología de flujos de efectivo descontados,
pymes colombianas.
discounted cash flow methodology,
colombian SME’s.
- Rights
- License
- Atribución-NoComercial-SinDerivadas 2.5 Colombia (CC BY-NC-ND 2.5 CO)
| Summary: | In this paper a model is designed and developed to value financially small and medium enterprises (SME’s) in Colombia, which are operating and that are not publicly traded. The Discounted Cash Flow methodology is used, which uses historical financial statements as input, such as the Balance Sheet, the Income Statement and the Free Cash Flow Statement the inclusion of some macroeconomic variables and an appropriate discount rate, to be able to estimate the present values of both the projected Free Cash Flows and the residual value of the company, which are used to determine the Total Financial Value of a SME, and becomes key information for making financial decisions before a possible negotiation of purchase o sale. |
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