Eléments d’analyse d’évaluations financières concernant les sociétés d’Europe Centrale.
Elements of financial valuations of companies of Central Europe.

Summary/Abstract: The considered text aims at explaining how companies are valued an assessed in Central Europe after the collapse of the Soviet Union. In the first part of the text, a global overview of the theory of valuations is provided. The first part includes the major type of valuations that are utilized by professional from the valuation sector. The first part includes the main valuations methodes (the net book value, discounted cash flows and multiples -market capitalization to financial indicators of a considered company-). The second part of the text concerns particularly the societies of Central Europe as well as the specifics of this region. Some examples of European companies are provided and studied. Multiples of Central European Countries are studied as well as other factors related to the financial assesment of companies. We will particularly remark that multiples are highly different from one country to the other and therefore the fundamental analysis is less strict in Central Europe in comparison to Western countries of Europe.

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