{"id":5734,"date":"2006-11-14T23:59:00","date_gmt":"2006-11-14T23:59:00","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=5734"},"modified":"2026-04-02T09:14:35","modified_gmt":"2026-04-02T09:14:35","slug":"trioul-evaluarii","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=5734","title":{"rendered":"TRIOUL EVALUARII"},"content":{"rendered":"<p><P class=text style=\"MARGIN: 0cm 0cm 0pt\" align=justify>Cele mai vehiculate metode de evaluare a unui business in <?xml:namespace prefix = st1 ns = \"urn:schemas-microsoft-com:office:smarttags\" \/><st1:place w:st=\"on\"><st1:country-region w:st=\"on\">Romania<\/st1:country-region><\/st1:place>, conform Roland Berger Strategy Consultants:<\/P><SPAN class=text>  <P class=MsoNormal style=\"MARGIN: 0cm 0cm 0pt\" align=justify><BR><STRONG>DISCOUNTED CASH FLOWS<\/STRONG>: Metoda fluxurilor de numerar actualizate: estimarea fluxurilor financiare actualizate si a valorii reziduale, luand in considerare mai multe scenarii bazate pe diferite conditii macroeconomice, variatii in sectorul respectiv si in evolutia respectivei companii.<\/P>  <P class=MsoNormal style=\"MARGIN: 0cm 0cm 0pt\" align=justify><BR><STRONG>MULTIPLI DE EVALUARE<\/STRONG> (\u0084peer group comparison\u0093): Evaluarea companiei folosind multiplicatori specifici industriei respective (pret pe abonat in telecomunicatii, zile de ocupare a unei camere intr-un an pentru hoteluri sau numar de magazine pentru retelele de retail), rezultati fie din tranzactii care au implicat companii similare celei evaluate, fie din cotatiile bursiere ale unor companii similare. \u0084Importante sunt ajustarile pe care le aplici multiplilor; spre exemplu, daca ai o tranzactie in cablu in UE, niciodata nu vei obtine aceiasi multipli in <st1:place w:st=\"on\"><st1:country-region w:st=\"on\">Romania<\/st1:country-region><\/st1:place>\u0093, spune Marian Tescaru de la Altria Capital. <\/P>  <P class=MsoNormal style=\"MARGIN: 0cm 0cm 0pt\" align=justify><BR><STRONG>ACTIVE<\/STRONG>: Evaluarea companiei drept suma a valorilor reprezentate de activele pe care le detine este o metoda folosita in special pentru companiile aflate in lichidare sau la companiile din sectoare predispuse la castiguri proportionale cu dimensiunile bilantiere ale companiilor (banci comerciale, firme de leasing, asiguratori).<\/P>  <P class=MsoNormal style=\"MARGIN: 0cm 0cm 0pt\" align=justify><BR><STRONG>PROCEDURA<\/STRONG>: In general, primele doua metode sunt cele mai uzitate in <st1:country-region w:st=\"on\"><st1:place w:st=\"on\">Romania<\/st1:place><\/st1:country-region> si, de obicei, se folosesc amandoua pentru obtinerea unui interval valoric estimativ si nu a unei estimari punctuale.<\/P><\/SPAN><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cele mai vehiculate metode de evaluare a unui business in Romania, conform Roland Berger Strategy Consultants: DISCOUNTED CASH FLOWS: Metoda fluxurilor de numerar actualizate: estimarea fluxurilor financiare actualizate si a valorii reziduale, luand in considerare mai multe scenarii bazate pe diferite conditii macroeconomice, variatii in sectorul respectiv si in evolutia respectivei companii. MULTIPLI DE EVALUARE [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[698],"tags":[5021],"class_list":["post-5734","post","type-post","status-publish","format-standard","hentry","category-cover-story","tag-trioul-evaluarii"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/5734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5734"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/5734\/revisions"}],"predecessor-version":[{"id":27099,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/5734\/revisions\/27099"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}