CHARACTERISTICS OF INDICATORS IN PRIVATE CAPITAL VALUATION OF JOINT STOCK COMPANIES IN UZBEKISTAN

• Khurshid Kgudoykulov

  International School of Finance Technology and Science

in the article, the indicators that affect the assessment of the capital value of the joint-stock company are analyzed based on the value of the calculated assets, private capital values from 2015 to 2019. In particular, the main attention is paid to the factors affecting the capital value of joint-stock companies in our country "Kizilkumtsement", "Uzmetkombinat", "Kokon Mechanical Plant" and "Kvarts". Also, the analysis of operating profit after tax NOPLAT and margin NOPLAT indicators of these joint stock companies and return on invested capital (ROIC) coefficients is presented. In turn, existing problems in the evaluation of the capital value of the joint-stock company were identified and scientific proposals and practical recommendations aimed at their elimination were developed

. B. Knapová, T. Krabec, and J. Roubíčková, "EBIT Criterion: Financial Analysis Issues," International Journal of Mathematical Models and Methods in Applied Sciences, vol. 5, no. 3, 2011.

. P. Kogler and T. Krabec, "Firms as a Bundle of Core Competencies: A Valuation Approach Using the Dresdner Reference Model," in Proc. 6th WSEAS International Conference on Business Administration, Cambridge, 2012, pp. 124–129.

. Damodaran, The Dark Side of Valuation: Valuing Old Tech, New Tech and New Economy Companies. Upper Saddle River, NJ: Prentice Hall, 2001.

. J. P. Russell, "Valuation of Imaging Centers: Alternative Methods and Detailed Description of the Discounted Cash Flow Approach," Journal of the American College of Radiology, vol. 4, no. 1, pp. 53–64, 2007.

. Damodaran, "Valuation Approaches and Metrics: A Survey of the Theory and Evidence," Hanover: Publishers Inc., 2005, pp. 693–784.

. D. Dluhosova, "Application Possibilities of Real Option Methodology to Company Valuation," ECON'05, vol. 12, no. 1, pp. 51–59, 2005.

. S. Panda, "Valuation of Selected Indian Stocks Using Discounted Cash Flow Technique," International Journal of Business and Management Invention, vol. 2, no. 7, pp. 09–17, 2013. [Online]. Available: www.ijbmi.org

. Rich, "Commentary: Using a Projection-Based Business Valuation Approach," Daily Record, June 20, 2008. [Online]. Available: http://findarticles.com/p/articles/mi_qn4180/is_20080620/ai_n27515461/?tag=content

. E. Lie and H. J. Lie, "Multiples Used to Estimate Corporate Value," Journal of Financial Analysts, vol. 58, pp. 44–54, 2002.

. S. Bhojraj and C. M. C. Lee, "Who Is My Peer? A Valuation Based Approach to the Selection of Comparable Firms," Journal of Accounting Research, vol. 40, pp. 407–439, 2002.

. Demirakos, D. Strong, and M. Walker, "DCF Covers Multi-Period and Hybrid Cash Flow Valuation Models: RIV Covers Multi-Period and Hybrid Accrual Flow Valuation Models," pp. 230–231, 2004.

. P. N. Kumar, V. Mohan, and A. P. Jose, "Validity of Discounted Cash Flow Valuation," Research Review International Journal of Multidisciplinary, vol. 3, no. 12, 2018. ISSN: 2455-3085.

. N. Ivanovska, Z. Ivanovski, and Z. Narasanov, "Fundamental Analysis and Discounted Free Cash Flow Valuation of Stocks at the Macedonian Stock Exchange," UTMS Journal of Economics, vol. 5, no. 1, pp. 11–24, 2014.

• View Article

This work is licensed under a Creative Commons Attribution 4.0 International License.