Naslov
The importance of implied equity value in multiple modelling and valuation structuring for the biggest Croatian chocolate confectionery producer

Autori
Mišević, Petar ; Volarević, Hrvoje ; Perić, Marko

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Book of Proceedings, Economic and Social Development, 53rd International Scientific Conference / Klopotan, Igor ; Czako, Katalin ; Beker, Victor - Čakovec : Sveti Martin na Muri : VADEA ; Sveučilište Sjever, 2020, 359-368

Skup
53rd International Scientific Conference on Economic and Social Development ; 6th ITEM Conference: "Innovation, Technology, Education and Management"

Mjesto i datum
Sveti Martin na Muri, Hrvatska, 10.09.2020. - 11.09.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
discounted cash flow ; discounted terminal value ; implied enterprise value ; industrial indicators ; total enterprise value ; Kraš d.d.

Sažetak
Financial framework within the scope of development activities in chocolate confectionery expands trends in consumer behaviour toward the financial decision-makers relevant for the product, price and purchasing power determination. Quality products mainly related to product innovation and proactive imitation attach barriers mostly in supply chain and sales. Adaptive solutions meet cost and price optimisation in terms of as many as four significantly-narrowed industrial indicators: employment, industrial production, retail sales and personal income. Taking into consideration the mentioned processes, the authors’ analyse financial background and perspective of the largest Croatian chocolate confectionery producer - Kraš d.d. Current accent addresses the importance of valuation assets analysis while using the concepts of the time value of money. The authors’ idea is promoting the implied equity value of assets in multiple modelling and valuation structuring as an answer to newly adapted concepts in the industry. The valid concept of discounted cash flow (DCF) model is seeking beneficiary outcomes in equity valuation. Moreover, in authors’ opinion, it triggers the value of discounted terminal value (DTV), total enterprise value (TEV) and average value of equity (AVE). As per discussion, it provides modelling and valuation insights that render the reduction of net debt and growth in the multiplier of earnings before interest, taxes, depreciation and amortisation (EBITDA) for the case. Besides, the relevant findings are decent argument in assessing a current business without taking into consideration “war chess game“. In the final part, the authors are summarising useful findings related to multiple modelling and valuation structuring in studies and business.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Interdisciplinarne društvene znanosti

POVEZANOST RADA