Valuation drinking water firms through real options

Valuation a company represents a major challenge since it is necessary to incorporate various risk factors to determine their "fair" value. The real options method show stock price for Aguas Andinas company, around $ 473 (U$ 0.68) per share, higher than the historical result of the action....

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Detalhes bibliográficos
Autores: Gutiérrez Urzúa, Mauricio, Henríquez Cancino, Jorge
Tipo de documento: artigo
Estado:Versão publicada
Data de publicação:2016
País:Perú
Recursos:Universidad Nacional Mayor de San Marcos
Repositório:Revistas - Universidad Nacional Mayor de San Marcos
Idioma:espanhol
OAI Identifier:oai:revistasinvestigacion.unmsm.edu.pe:article/12813
Acesso em linha:https://revistasinvestigacion.unmsm.edu.pe/index.php/idata/article/view/12813
Access Level:Acceso aberto
Palavra-chave:Valuation
Firm
Real option
Valoración
Empresa
Sanitaria
Opciones reales.
Descrição
Resumo:Valuation a company represents a major challenge since it is necessary to incorporate various risk factors to determine their "fair" value. The real options method show stock price for Aguas Andinas company, around $ 473 (U$ 0.68) per share, higher than the historical result of the action. A review of market reports reveals confidence in this company, based on its investment plan and business projections. The results show that real options methodology generates additional value, mainly due to the positive impact of the risk on the value of the action and the variability of income. The methodology of real options requires further investigation, for a final decision.