Investment valuation of young companies with different levels of cash flows uncertainty and risk using DCF and ROV methods (the example of Whoosh Holding PJSC)

In this article, the author examines the mechanism for integrating the results of investment assessment of the intrinsic equity value of young companies using discounted cash flows (DCF) and real options (ROV) methods. The author proposed an algorithm (logical tree) for clustering cash flows of a developing business into stable and volatile ones (involving a high degree of uncertainty and risk) and tested it during the investment analysis of Whoosh Holding PJSC.