Abstract

SAAVEDRA, María Luisa. Valuation of Companies Quoted in Mexico, by means of the Methodology of the Model of Cash flow Available: Relations with Valuation of the Market. Contad. Adm [online]. 2007, n.223, pp.91-112. ISSN 0186-1042.

The objective of this investigation was to apply the model of Cash flow available to determine the value of a group of companies that quote in stock-market Mexican of Values, and of comparing the values obtained with the price of market. The revision of the Literature of the model of Cash flow Available allowed to identify and to describe the main variables that he himself contains, with the objetive of proposing a methodology of application to the companies that quote in stock-market Mexican of values, considering that single was counted on public information. With the propose methodology the model of Cash flow Available was applied to the companies that quote in stock-market Mexican of Values, with the purpose of determine their value and of try to find if some pattern of behavior of the model when estimating to this set of companies exists, by a period of 10 years from 1991 to 2000. We found that the model of Cash flow Available follows a very similar tendency at the cost of market, which would be indicating to this model like the most adapted to estimate to this set of companies taking, of course, the value from market like reference pattern.

Keywords : Cash flow available; Valuation of companies; Capital cost; Mexican stock market of values; Price of market.

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