Materias: “…Chevron Corporation…”

Materias: “…Chevron Corporation (2005) Trials, litigation, etc…”

“…De la compañía Standard Oil descenderían más tarde compañías como ExxonMobil o Chevron Corporation…”

Tabla de Contenidos: “…4.1.2.2.2 Conditional MRP -- 4.1.2.3 Research discussions on ERP -- 4.1.2.4 Variations in risk premium estimations -- 4.1.2.5 Risk premiums in other markets -- 4.1.2.5.1 Estimation of country risk premium from default spread -- 4.1.2.5.2 Country risk premium from volatility of stock prices -- 4.1.2.5.3 Estimation of default spread from bonds -- 4.1.3 Estimation of cost of equity -- 4.1.4 Beta estimation -- 4.1.4.1 Historical beta estimation -- 4.1.4.1.1 Regression beta calculation -- 4.1.4.2 Fundamental beta estimation -- 4.1.4.2.1 Fundamental beta -- 4.1.4.2.2 Determinants of beta -- 4.1.4.2.3 Bottom-up approach for beta estimation -- 4.1.4.2.4 Steps in bottom-up beta estimation -- 4.1.4.3 Accounting betas -- 4.1.5 Cost of equity -- 4.1.6 Cost of capital -- 4.1.6.1 Cost of debt calculation -- 4.1.6.2 Cost of preferred stocks -- 4.1.6.2.1 Estimation of Weighted Average Cost of Capital (WACC) -- 4.1.6.2.2 Estimation of values of capital components -- 4.1.6.2.3 Estimations of components of debt capital -- 4.1.7 Estimation of cost of capital-industry practices -- 4.1.8 Estimation of WACC-Johnson &amp -- Johnson -- 4.1.8.1 Estimation of cost of capital of Chevron corporation -- References -- 5 Principles of cash flow estimation -- 5.1 Introduction -- 5.2 Adjustments to financial statements -- 5.2.1 Invested capital -- 5.2.2 Debt -- 5.2.3 Equity -- 5.2.4 Return on Invested Capital -- 5.2.5 Free cash flow -- 5.2.6 Operating working capital -- 5.2.7 Net capital expenditure -- 5.2.8 Provisions and reserves -- 5.2.9 Earnings adjustments -- 5.3 Adjustments of expensed investments -- 5.3.1 Adjustment for financing expenses: case of operating leases -- 5.3.2 Adjustment for operating lease: case of IBM in 2013 -- 5.3.3 Summary of adjustments for operating income -- 5.4 Reflections on managed earnings -- 5.4.1 Tax effect on valuation…”