Defining Capex for Terminal Value Estimation: Theoretical and Practical Considerations
- Deficiency of popular rule of thumb and its alternatives,
- Suggested normalisation for regular and irregular CAPEX,
- Practical challenges with input data for irregular CAPEX modelling: how to capture variation in total and residual useful lives.
Session E-3: Friday, 1 December 2023 I 9:00 – 10:00 a.m.
Hanna Murina, CFA
Kyiv National Economic University / PhD Student
Finance professional with 20 years of diverse experience spanning investment banking, corporate finance, commercial banking, financial sector regulation and consulting.
Her well-rounded education includes degrees from the Ukrainian Banking Academy, Northumbria University, NaUKMA, and EERC, as well as ongoing PhD program at Kyiv National Economic University. Hanna earned her CFA charter in 2008.
Her interest in business valuation, which emerged during her early years at an M&A boutique, has since evolved into a focus on developing sustainable CAPEX proposal to refine terminal value estimation.