Valoración de empresa por el método flujos de caja descontados para una clínica especializada en oftalmología

Abstract

This investigation work search to contribute to the Ophthalmology Clinic a tool that let know the clinical value for the shareholders in the next five years by the method of Free Cash Flow. The method more use for companies’ valuation is the “FREE CASH FLOW” because it shows the ability of a company for generates future cash flows for the shareholders. For this will take historical financial statements for five years and will be screened for other equal period, for this will take in account macroeconomics variables that affect the environment aspects as are IGBC, DTF, Inflation, and strategic policy by the Management of the Clinic. The valuation by Free Cash Flow will realize in Excel of a form very nice allowing update the information at any time and so can track to the projections. In the last five years, the Clinic has realized invested in non operational assets (real estate), obtaining only valuations and without making any contribution to normal turn of the activity Ophthalmology.