Firma Değerinin Piyasa Çarpanları ile Tahmin Edilmesi: BIST Dokuma, Giyim Eşyası Ve Deri Sanayii Sektöründe Bir Uygulama

Abstract

There are different methods for determining the firm value. Although these methods vary, the main purpose here is to determine the true value of the firm. In this study, a comparative valuation method, that is also called market multipliers, is used for determining the value of corporations. We used data set of 20 firms operate in textile, clothing and leather industry in Istanbul Stock Exchange during the period 2003 and 2012. We estimated the value of ROYAL HALI Co. which was offered to public in March 2013 and discussed the robustness of model for corporate valuation.