Abstract

The purpose of this paper is to reflect the author’s views on the methodology of final grades in the evaluation of shares in the company based on the results of the use of multiple valuation approaches. In contrast to the widespread use of information, evaluation results obtained from the use of different evaluation approaches, by their weighting is proposed to establish upper and lower bounds of property being valued. The presence of these borders is due to the logic of rational behavior of economic (economic) entities as well as the provisions of the current edition of the International Valuation Standards. A further mechanism for obtaining the final valuations of shares in companies similar to the traditional. In general, the proposals made in the work permit to get a more informed assessment of the total value of shares in the companies.

Highlights

  • As you know, the evaluation professional appraisers generally use multiple valuation approaches - expensive, comparative and profitable

  • Subjective weighting method (Most often applicable), within which the evaluators on the basis of various arguments and/or analysis of data series have come to believe about the significance of the results of evaluation approaches, while appointing an interim assessment received the appropriate weight, the amount of which is equal to one; Analytic hierarchy process is a mechanism for ranking the quality properties and attributes used in the calculation of the estimated approaches, the use of which may be justified by using at least three valuation approaches when direct analysis of the quality of the results obtained in the different approaches leads to mixed results [1]

  • (For example, the quality of the i-th property/attribute in the cost approach is better than the quality of the same property in the income approach, the quality of the i-th property/attribute in the income approach is better than the quality of the same property in a comparative approach, but the quality of the i-th property/attribute in the cost approach is worse than the quality of the same properties in the comparative approach); Choice as the total value of the result of one of the approaches Such a mechanism is most often used in the estimates for reflection IFRS

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Summary

Introduction

The evaluation professional appraisers generally use multiple valuation approaches - expensive, comparative and profitable. After receiving the results of the calculations in the framework of these approaches, several interim valuations, appraisers output the final judgment on the value of the property valuation. For this purpose, usually the following mechanisms were used. Subjective weighting method (Most often applicable), within which the evaluators on the basis of various arguments and/or analysis of data series have come to believe about the significance of the results of evaluation approaches, while appointing an interim assessment received the appropriate weight, the amount of which is equal to one; Analytic hierarchy process is a mechanism for ranking the quality properties and attributes used in the calculation of the estimated approaches, the use of which may be justified by using at least three valuation approaches when direct analysis of the quality of the results obtained in the different approaches leads to mixed results [1]. Is a look at the problem of estimation of the final value of the objects from the perspective of assessing the reality of the transaction at a price that reflected in the evaluation report, and reflects the author’s vision problems [2]

Features of determining the market value of different approaches
The range of values of market value
The ratio between the results of approaches
Conclusion
Full Text
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