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This article discusses the valuation of independent insurance agencies and presents a spreadsheet model used for that purpose. The authors consider the reasons and purposes for agency valuation, review previous literature concerning agency valuations, and discuss the discounted cash flow method of valuation. The model is based on the use of spreadsheet software and provides the flexibility to handle numerous assumptions. [ABSTRACT FROM AUTHOR]

Discusses how to estimate the value the benefits of knowledge management with discounted cash flow models. Basics of solving the knowledge-value equation; Case study examples of how the equation works in practice; Language of finance. INSETS: Time value of money;Ways to manage KM risk.

Asserts that the discounted cash flow (DCF) is still the best method for valuing Internet stocks. Flaws of price/earnings and revenues multiples; Variations to the DCF approach; Includes the use of probability-weighted scenarios; Application of DCF on Amazon.com Inc.

Discusses a form of discounted cash flow analysis which would do equally well as either of the primary methods in any investment analysis situation. Problems arising with the use of the Internal Rate of Return (IRR) method; Formula form of the method; Advantages of the Net Present Vale method over IRR.

The article reports that Saudi Aramco, the integrated oil and gas company, will go ahead with an Initial public offering on the main market of the Saudi Tadawul stock exchange in Riyadh. It mentions that the IPO has been approved by the Saudi Capital Market Authority. It also informs that Saudi government, currently Aramco's sole shareholder, is expected to sell its shares to Saudi and international investors in the listing.

Describes methods used in analyzing manufacturing processes in the U.S. Role of return on investment (ROI) in describing the capital investment for a proposed improvement; Use of a discounted cash flow analysis in incorporating the time value of money in an ROI calculation; Description of an investment as an income stream to understand internal rate of return.

Discusses the concept of discounted cash flow, a way to calculate the value of a high-priced item over time. Calculation of discounted cash flow in a PC leasing agreement; Advice to an information technology (IT) manager for renegotiating the lease of subsequent terms.

Presents a brief interview with Bram Reinders, on how he was able to save on a renegotiated lease on SAP R/3 servers for the chemical unit of Akzo Nobel NV, by knowing how to calculate discounted cash flow.

Reports on the importance of the price/earning ratio (p/e) to businesses figuring out the value of their stocks. Price of Telstra stocks as of February 22, 1999; How Deutsche Bank plots the forecast market p/e for leading industrial stocks; Other values to take into account when determining p/e such as economic value analysis (EVA) and the discounted-cashflow (DCF); Comments from Robert Credaro, an investment strategist with Macquarie Equities.