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Sample Selection Criteria

Sample Selection Criteria

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Table 2 : Sample Selection Criteria
Table 2 have been satisfied.
Table 5 . However, it should be noted that
Table 14 Intrinsic Value Estimates and IBES Price for 3 Selected Firms
Equity Valuation Using Accounting Numbers
Thesis
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  • Sep 2004
This dissertation explores the relationship between equity value and accounting numbers. The link between these two subjects is evident, but how well accounting numbers relate to equity value depends in part on the valuation models used: Multiplesbased Model (MBM), Residual Income Model (RIM) or Ohlson/Juettner-Nauroth z-based Model (OJM). The empi...
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Context 1
... of value drivers is one of the first things to consider in using MBM as these value drivers give diverse results for equity valuation. Liu, (LNT a ) look at wide range of value drivers in their study which includes measures of historical cash flows, historical accrual-based measures and forward-looking measures (details of value drivers used by LNT a is presented in Table 2, on page 4). One important distinction made by LNT a is that since sales and EBITDA are associated with entity value rather than equity alone, these two value drivers also consider multiples based on enterprise value (TP) instead of price (P) only. ...
Context 2
... per share numbers are adjusted for share split and share dividends by using IBES adjustment factors. . The summary of sample selection criteria is shown in Table 2 with number of firms eliminated for each criteria. ...