TY  - JOUR
T1  - The Estimation of the Value by Using the Free Cash Flow Method of
Listed Companies in Tehran Stock Exchange
AU - Sheikhmoradi, Saman AU - Sedaghat, Parastoo 
JO  - International Business Management
VL  - 10
IS  - 27
SP  - 6281
EP  - 6285
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.6281.6285
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.6281.6285
KW  - ability
KW  -Tehran Stock Exchange (TSE)
KW  -company’s value
KW  -Free cash flow
KW  -market
AB  - The aim of the present study is to estimate the value by using the free cash flow relationship of listed
companies in Tehran Stock Exchange; therefore, free cash flow is a criteria for performance appraisal. In this
study, the market value added changes criterion has been used to measure the value of the company. For this
purpose, 121 companies have been selected from Tehran Stock Exchange through screening technique during
a 7 years period from 1386-1392. The data has been collected through the companies’ financial statements
published on the Tehran Stock Exchange site. For data analysis, multivariate regression analysis has been used.
The results obtained from hypothesis test indicate that no significant difference has been observed between
free cash flow and the company’s value. The results show that free cash flow does not have the ability to
estimate the value of companies listed in Tehran Stock Exchange.
ER  -