Özet:

The company’s valuation has been a topic that has been on the agenda since the 1980s in financial literature. Today, the free circulation of capital, the sale of shares, the division of the company and the merger of the merger are present. In addition, the determination of alternatives to the increase in the value of the company in a competitive environment and the strategic management of the company’s value also gain importance. In this regard, financial discipline considers the subject as the determination of the company’s value and management of the company’s value in terms of company shareholders. The method in the company’s assessment is the method of cash flow. The strong side of this method is that it takes into account the company’s potential to generate income. Also, when it is easy to predict the future, it is easy to apply the cash flow. However, as uncertainty about the future increases, there is a number of failures in practice. In such a environment, the use of models that take into account uncertainty in is an option.