摘要：In the discounted cash flow methodology, there are three principal methods: Net Operational Cash Flow, Adjusted Present Value and Cash Flow to the Equity. Each model has its own particular characteristics and supplies different information, but, theoretically, they should give equivalent financial results if the same data base is used. The objective of this study is to determine if there are methodological conflicts among the three methods when the same basic data is used or if the results are the same. The results show great differences among the values themselves and with the sales price
关键词：Avaliação de empresas;Fluxo de caixa descontado;Metodologia de avaliação de empresas;Business valuation;Discounted cash flow;Business valuation methodology
