August 2005

Business Valuation: Down with DCF?

Among the business valuation methods, the discounted cash flow (DCF) method has gotten a bad rap. At best, it is criticised for being based on sand, i.e. based on forecast data that are uncertain in principle. At worst, it is suspected of serving the desired result by adjusting one or the other components of the method, namely future cash flows and discount rates. In short, the DCF method is inherently subjective and easily manipulated.

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More accuracy news

September 2023

Accuracy lanza su boletin regulatorio para la...

Desde el departamente de FSI de la firma, enfocado en el asesoramiento  de la dirección financiera y de riesgos de las entidades bancarias, consideramos la regulación bancaria como un pilar fundamental de nuestra práctica y uno de los grandes catalizadores del cambio e...

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September 2023

Los bancos españoles registraron resultados ...

La evolución positiva de los ingresos y la mejora de los márgenes y los ratios de eficiencia en la banca española apuntalan unos beneficios de récord y unas rentabilidades que empiezan a cubrir el coste de capital. En este estudio trimestral, la firma analiza el estado...

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August 2023

Economic brief – US/EU rivalry and revo...

In this final edition of the Economic Brief before the summer break, two rather distinct topics come to the fore: US/EU rivalry and the green transition. We will take a look at how the two juggernauts of the West compare in certain areas of the economy, and we will exa...

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