CHARACTERISTICS OF INVESTMENT VALUATION OF PUBLIC COMPANIES IN EMERGING CAPITAL MARKETS

Abstract

The article is devoted to the specifics of valuation of companies that belong to emerging markets through the analysis of significant drivers and value constraints and their interpretation through modern methods and approaches to assessing the value of companies. The key differences between the emerging capital markets and the developed ones are revealed so as the methods of their implementation within the framework of modern approaches to valuation are determined. The specifics of the investment valuation were considered on the example of PJSC «MMC Norilsk Nickel» as a company in the developing capital market, taking into account the identified features and patterns of functioning of the non-ferrous metallurgy market. The recommendations to potential investors regarding investment in this company were based on the results of the valuation.