How to Deal With Inflation in DCF-Valuation? Theory & Practice
- Handling inflation risk properly gains in relevance in times of high and volatile inflation.
- The presentation covers theoretical and practical issues relevant for valuing a company in a world with inflation.
- It addresses the proper definition of free cash flows and cost of capital in real and nominal terms as well as the link between them.
- Regarding valuation practice, it discusses how German practitioners deal with inflation especially for the terminal value, and how company value is influenced by assumptions set by them.
This session will be held in English language.
Session C-3: Thursday, 30 November 2023 I 2:30 – 3:30 p.m.
Prof. Dr. Andreas Schüler
University of the Bundeswehr Munich
Received his PhD in 1997 from the University of Regensburg, Germany, with summa cum laude and finished his post-doc degree (Habilitation) in January 2004 at this university. He has taught at several other Universities and in executive training programs. He is also experienced in consulting on valuation issues. His major areas of research are corporate valuation, corporate restructuring, value based management, and performance measurement.
Prof. Schueler has (co)authored several books on valuation (Unternehmensbewertung, together with Jochen Drukarczyk; Akquisitionen, Börsengänge und Restrukturierungen: Fallstudien zur Unternehmensbewertung, together with Jochen Drukarczyk; Finanzmanagement mit Excel) and a number of articles in national and international journals in finance and accounting (see www.unibw.de/finance or www.researchgate.net/profile/Andreas_Schueler3).