A Listed Company Evaluation Based on DCF Model-the Case of Medical Apparatus and Instruments Industry
- 10.2991/assehr.k.211209.137How to use a DOI?
- Johnson&Johnson; Medical Devices; Enterprise value; Free cash flow; Cost of capital
This study pays attention to Johnson&Johnson, which is one of the companies in the medical devices industry that a highly specialized industry with deep growth prospects to examines its enterprise value through the discount the free cash flow for the firm model. The Author conducts comprehensive research that mainly finds its result of operations, liquidity and cash flows using accounting formulas to figure out cash flow from operations and free cash flow for the firm. The paper also demonstrates how to get the weighted average cost of capital by financing data such as interest expense and dividend. Finally, it can calculate the intrinsic value through discount free cash flow by discount capital and determine whether the difference exists between the calculating result and current share price on the market.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Luyao Cheng PY - 2021 DA - 2021/12/15 TI - A Listed Company Evaluation Based on DCF Model-the Case of Medical Apparatus and Instruments Industry BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 846 EP - 850 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.137 DO - 10.2991/assehr.k.211209.137 ID - Cheng2021 ER -