The financial analysis allows to reveal tendencies of development of business in the past, to estimate its today's position, to prove development in the future. Results of the analysis of dynamics of a gain, the cost price, total and net profit, profitability of sales and so forth are used in all ways of estimation of cost of business and directly influence forecasting of incomes and company expenses.
There are various approaches to business estimation of cost, basic of which are profitable, zatratnyj and comparative (market).
The profitable approach to a business estimation is based on definition of expected incomes, thus it is supposed that business cost is equal to current cost of the future incomes of possession to them. At use of the profitable approach it is necessary to make the forecast of the future monetary receipts during certain quantity of years (usually about 7 years), and for maintenance of a commensurability of monetary streams occurring at different times they are necessary for discounting, i.e. to correct on the factor reflecting the future rate of inflation and other risks.
By means of the profitable approach it is possible to establish cost of operating business in whole or its share, a package of securities.
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