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The concept of evaluating the intrinsic value of the company


Mavlit K. Akhtyamov, Evgeniya A. Gonchar, Natalia V. Tikhonova
(about the authors)

Akhtyamov Mavlit K. – Doctor of Science, Economics, Professor of Department of Logistics, Economics and Management in Transportation, Supply and Marketing Enterprises (South Ural State University (National Research University), Chelyabinsk)

Gonchar Evgeniya A. – Candidate of Science, Economics, Associate professor of Department of Accounting, Analysis and Audit (South Ural State University (National Research University), Chelyabinsk)

Tikhonova Natalia V. – Assistant of the Department of Economics and Management at the Enterprises of Services, Recreation and Tourism (South Ural State University (National Research University), Chelyabinsk)

Published in:
Russian Journal of Entrepreneurship
– Volume 17, Number 14 (July 2016)

JEL classification: C13, D24, G32, O34

Keywords: financial capital, intellectual capital, intrinsic value of the company, market capital, the market value of the company


Citation:
Mavlit K. Akhtyamov, Evgeniya A. Gonchar, Natalia V. Tikhonova (2016). The concept of evaluating the intrinsic value of the company. Russian Journal of Entrepreneurship, 17(14), 1619–1628. doi: 10.18334/rp.17.14.35988


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Abstract:

The article describes the concept of evaluation of the intrinsic value of the company. To make a decision about investing the capital, the investor needs to know whether the company, in which the financial resources will be allocated, is investment-attractive, or the value of the company is overvalued and the investment in it is inexpedient. The basic model to determine the intrinsic value of the company is a L. Edvinsson's model for estimating the market value, which was updated by the authors of this article. The developed model is a tool for effective cost and development management of enterprise.







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