Empirical analysis and comparison of Edwards-Bell-Ohlson valuation model against discounted cash flow model and dividend discount model in tracking price variation and predicting stock returns of selected publicly-listed companies in the Philippines for the year 2002-2009
This thesis aims to evaluate which among the three valuation models namely, the Edwards-Bell-Ohlson Valuation Model, Discounted Cash Flow Model and Dividend Discount Model will generate more accurate results that would satisfy the price tracking variablitlity and predicting stock returns criteria wh...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2009
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/5753 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | This thesis aims to evaluate which among the three valuation models namely, the Edwards-Bell-Ohlson Valuation Model, Discounted Cash Flow Model and Dividend Discount Model will generate more accurate results that would satisfy the price tracking variablitlity and predicting stock returns criteria when applied to the chosen publicly-listed firms in the Philippine Stock Exchange.
Based on the results, regardless of which intrinsic valuation model is utilized, we came up with the same results as to the tracking price variation ability of the models. For the predicting stock returns, all with the exception of EBO's prediction for PHILEX has the ability to predict stock returns. In summary, EBO, DCF and DDM are indifferent in terms of accuracy in tracking price variability and predicting stock returns. |
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