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Now showing items 1-2 of 2

    • Equity- and entity-based multiples in emerging markets : evidence from the JSE Securities Exchange 

      Nel, W. S.; Bruwer, B. W.; Le Roux, N. J. (Clute Institute, 2013-05)
      Analysts typically distinguish between equity- and entity-based approaches when employing the free cash flow model to perform equity valuations. However, when multiples are used to perform equity valuations, analysts ...

    • Precision, consistency and bias in emerging equity markets 

      Nel, W. S.; Bruwer, B. W.; Le Roux, N. J. (International Foundation for Research & Development, 2014-05)
      The use of multiples is a popular approach employed by analysts to perform valuations. These multiples are based on optimal value drivers, the valuation performance of which should be underpinned by empirical findings from ...