劉同學(xué)
2024-06-25 10:25能總結(jié)一下這幾個(gè)模型應(yīng)用場景嗎
所屬:CFA Level I > Equity 視頻位置 相關(guān)試題
來源: 視頻位置 相關(guān)試題
1個(gè)回答
愛吃草莓的葡萄助教
2024-06-26 11:14
該回答已被題主采納
同學(xué)你好。乘數(shù)模型,價(jià)格倍數(shù)不適用于1)The conclusion drawn under the comparable and fundamental method may be reverse.2)Price multiples may lose validity when firms use different accounting methods.3)Price multiples for cyclical firms may be highly influenced by current economic conditions.
基于資產(chǎn)的估值模型,不適用于1)Intangible assets or “off the books” assets take up a large proportion.2)Under a hyper-inflationary condition.3)Companies with assets don’t readily determinable market (fair) value——such as those with significant property, plant, and equipment.
現(xiàn)值模型,不適用于現(xiàn)金流未知、不穩(wěn)定等情形的估值。
