Abstract

MILANESI, Gastón Silverio. Company valuation: integral approach for emerging and inflationary markets. estud.gerenc. [online]. 2017, vol.33, n.145, pp.377-390. ISSN 0123-5923.  https://doi.org/10.1016/j.estger.2017.10.001.

In order to guarantee the strength of its results at inflationary contexts, the foundations of the parity theories are required by the discount cash flow model, an aspect that is not frequently taken into consideration by the practitioners. In that sense, we propose an integral method based in the parity theories, with the aim of bringing technical solutions over the model variables and estimating consistent intrinsic values expressed in two currencies. First, the conjunct of theories, the tools and the sequential steps of the model are stated. Next, with an application case and scenarios techniques, its functioning is examined. The results secure the relationship between intrinsic values in two currencies, starting with nominal and real magnitudes, and supported by the parity theories.

Keywords : Inflation; Discounted cash flow; Parity theorym; Valuation.

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