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

Date of Publication

2009

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Honor/Award

David, Joseph Vincent, adviser Joven, Ma. Esperanza, chair Almonte, Catherine, panelist Lim, Steven, panelist

Thesis Adviser

Joseph Vincent David

Defense Panel Chair

Ma. Esperanza Joven

Defense Panel Member

Catherine Almonte
Steven Lim


Abstract/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.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21912

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

103 leaves: tables (some colored); 28 cm.

Keywords

Cash flow -- Philippines; Cash management -- Philippines; Dividends -- Philippines; Stocks -- Philippines

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