Companies Listed In Tehran Stock Exchange -Myassignmenthelp.Com

Question: Discuss About The Companies Listed In Tehran Stock Exchange? Answer: Introducation In this scenario, the FCF has no growth rate after 2009. The FCF is calculated by obtaining the difference between operating cash flows and investing cash flows for the provided years. With the help of this calculation, it is possible to compute the discounting factor values and after that, discount rate is multiplied for obtaining the PV until 2009. In order to compute CV, FCF obtained for 2009 is divided by the rate of discount. This value has helped in calculating PV of CV by the value of the discounting factor for the last year. Depending on this, the EV is calculated by dividing the value of FCF per year and then, CV is added together divided by the value of discounting factor after 2009. As the value of total debt is provided, it is deducted from EV in order to derive the equity value. In addition, the case study provides both market price per share and number of outstanding shares. Based on this information, the value of equity is divided by outstanding shares providing the book value per share. Finally, the book value per share is divided by the market value per share to obtain the value-to-price ratio (Chong et al., 2017). In this scenario, the FCF has growth rate of 3% after 2009. Thus, for this problem, the CV and PV from the previous part are considered. This signifies that the CV value is anticipated to rise. The computation of the new CV is computed by multiplying the CV computed in the past part with addition in the growth rate of CV divided by the rate of discount minus the growth rate in CV (Jafari, Mohammadi Rakhshani, 2017). The value-to-price ratio and the book value per share is calculated with the application of the above-used formula. Free Cash Flow for Kimberly-Clark Corporation For computing FCF, there is reformulation of balance sheet statement. After thus, the two calculations are carried out, which are described as follows: Net operating assets = Operating assets Operating liabilities Financial assets Financial obligations In this situation, FCF is calculated with the help of the following formula References: Chong, W. L., Chong, W. L., Ting, K. H., Ting, K. H., Cheng, F. F., Cheng, F. F. (2017). The performance of externally managed REITs in Asia: Further evidence from free cash flow and agency costs.Journal of Property Investment Finance,35(2), 200-227. Jafari, F., Mohammadi, H., Rakhshani, M. (2017). The impact of free cash flow on forecasted earning success in companies listed in tehran stock exchange.Revista QUID,1(1), 2182-2191.