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Discount, Variety Stores

Discount, Variety Stores. Module 7 : Valuation Using Abnormal Enterprise Income Growth Claire ( Lan ) Lin. AGR Model. AGR Model. serves as the starting point Abnormal enterprise income growth explains the premium of market value over capitalized EPAT.

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Discount, Variety Stores

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  1. Discount, Variety Stores Module 7: Valuation Using Abnormal Enterprise Income Growth Claire (Lan) Lin

  2. AGRModel

  3. AGRModel • serves as the starting point • Abnormal enterprise income growth explains the premium of market value over capitalized EPAT

  4. Growth rate from 2014 to 2018 is 4.3% then changes to 1.5% afterwards • AGR of 2020 is used when calculating continuing value

  5. Growth rate from 2014 to 2018 is 4.3% then changes to 1.5% afterwards • FCF of 2020 is used when calculating continuing value

  6. More than 50%!!

  7. Comparison of AGR, REI & FCF

  8. Comparison of AGR, REI & FCF

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