Valuation Based on Required Payback Period

Zhiqiang Zhang ()
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Zhiqiang Zhang: Renmin University of China

Chapter Chapter 3 in Finance – Fundamental Problems and Solutions, 2013, pp 23-50 from Springer

Abstract: Abstract This chapter finds a new valuation method competitive to the DCF method and further derives a series of valuation models based on the new method. These models solve the key valuation issues in absolute valuation ---- can avoid the ZZ growth paradox trouble, and are flexible enough to value individual stocks in stable sectors and in high-growth sectors. These models solve as well the key valuation issues in relative valuation ---- can find the theoretical valuation ratios (P/E, P/B and P/S) effectively, and measure the bubbles of the individual stocks and the overall market. This chapter finally indicates the vast potentials of this brand new valuation method by demonstrating some basic applications.

Keywords: Cash Flow; Stock Price; Option Price; Future Cash Flow; Option Price Model (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbrcp:978-3-642-30512-2_3

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DOI: 10.1007/978-3-642-30512-2_3

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