Factors of value of a food company (on the example of pjsc cherkizovo)

Issue № 12, 2018, article № 9, pages 80-87

Language: Russian

Original language title: ФАКТОРЫ СТОИМОСТИ КОМПАНИИ ПРОДОВОЛЬСТВЕННОГО СЕКТОРА (НА ПРИМЕРЕ ПАО «ЧЕРКИЗОВО»)

Keywords: MARKET VALUE, SANCTIONS, EFFICIENCY

Abstract: The present paper contains a valuation of the PAO “Group “Cherkizovo”. The importance of this problem can be explained by the following reasons: analysis of efficiency of food companies is extremely important in the situation of food embargo, and the market value is an integral indicator of efficiency. In addition, PAO “Group “Cherkizovo” is one of the leading companies of the Russian agriculture and food industry and plays an important part on the food market. Valuation is based on cash flow analysis as other methods could not be implemented (either there were no necessary information or these methods did not correspond to the specificity of the problem). Cash flows were calculated on the basis of forecasted cash flows. The analysis demonstrated that the financial situation of the company is stable and that investors valuate it above the minimum value.

Authors: Lipatnikov Vitalii Sergeevich, Sushich Semen Grigorevich