Residual Income Valuation
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Residual Income Valuation
Valuation: 중앙대학교 경영학부 박창헌 교수
The Concept of Residual Income
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Calculating Residual Income
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Calculating Residual Income
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EVA (Economic Value Added)
(Invested Capital)
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Adjustments to F/S before Calculating EVA
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EVA (Economic Value Added)
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MVA (Market Value Added)
[book value of
invested capital]
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Calculating EVA and MVA
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Calculating EVA and MVA
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Uses of Residual Income Models
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Forecasting Residual Income
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Forecasting Residual Income: Example
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Forecasting Residual Income: Example
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Residual Income Valuation Model
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Residual Income Valuation Model
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Computing Intrinsic Value with RIM: Example
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Computing Intrinsic Value with RIM: Example
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Computing Intrinsic Value with RIM: Example
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Single-stage Residual Income Valuation Model
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Single-stage Residual Income Valuation Model
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Single-stage Residual Income Valuation Model
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RI Valuation and Justified P/B Ratio
The relation between residual income valuation and the justified
price-to-book (P/B) ratio based on forecasted fundamentals
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Single-stage Residual Income Model: Example 1a
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Single-stage Residual Income Model: Example 1b
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