Abstract

http://ssrn.com/abstract=319163
 
 

Citations (1)



 
 

Footnotes (6)



 


 



Repsol-YPF: Valuation in Emerging Markets


Javier Estrada


IESE Business School

January 2002


Abstract:     
SUBJECT AREAS: Valuation in emerging markets; Cost of equity in emerging markets

The case aims to introduce MBAs and executives to the issue of valuation in emerging markets. It stresses the differences between estimating the expected cash flows and cost of capital of companies in developed markets and in emerging markets, with particular emphasis on the estimation of the cost of equity of companies in emerging markets. The case makes it possible to compute the cost of equity of YPF using the CAPM and three alternative approaches to this model, the three of them specifically designed for emerging markets. The case also makes it possible to perform relative-valuation analyses by using price-to-earning ratios, price-to-book ratios, and some other widely-used multiples, as well as a valuation of YPF's main asset, its reserves of oil and gas.

Number of Pages in PDF File: 19

Case and Teaching Paper Series


Download This Paper

Date posted: August 1, 2002  

Suggested Citation

Estrada, Javier, Repsol-YPF: Valuation in Emerging Markets (January 2002). IESE Case No.: 01988300. Available at SSRN: http://ssrn.com/abstract=319163

Contact Information

Javier Estrada (Contact Author)
IESE Business School ( email )
Avenida Pearson 21
Barcelona, 08034
Spain
+34 93 253 4200 (Phone)
+34 93 253 4343 (Fax)
HOME PAGE: http://web.iese.edu/jestrada
Feedback to SSRN


Paper statistics
Abstract Views: 2,415
Downloads: 825
Download Rank: 14,807
Citations:  1
Footnotes:  6

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.266 seconds