Valoración de Empresas por Descuento de Flujos: lo fundamental y las Complicaciones Innecesarias (Valuing Companies by Cash Flow Discounting: Fundamental Ideas and Unnecessary Complications)

ArXiv ID: ssrn-2089397 “View on arXiv”

Authors: Unknown

Abstract

No abstract found

Keywords: No abstract available, Unknown

Complexity vs Empirical Score

• Math Complexity: 2.0/10
• Empirical Rigor: 1.5/10
• Quadrant: Philosophers
• Why: The paper focuses on explaining fundamental DCF concepts and criticizing unnecessary complications, using basic arithmetic and algebra rather than advanced mathematics. It is theoretical and educational, lacking any backtesting, datasets, or implementation details.

  flowchart TD
    A["Research Goal<br>Identify essential vs. unnecessary complexities<br>in DCF valuation"] --> B["Methodology<br>Theoretical analysis of DCF models"]
    B --> C["Data/Inputs<br>Mathematical formulas & market assumptions"]
    C --> D["Computational Process<br>Simulate valuation outcomes under varying complexities"]
    D --> E{"Key Findings<br>Simple models (FCFF) often match<br>complex ones (FCFE/Dividends) in efficiency"}<br>Complexity adds computation cost, not accuracy
    E --> F["Outcome<br>Recommendation: Avoid unnecessary<br>complexity in valuation models"]