EVA and other measures

CFROI

HOLT Value Associates explain how CFROI is calulated and how it is related to market values. www.holtvalue.com

http://www.holtvalue.com/public/html/fulpages/cfroix.htm

"Economic Value Added or Cash Value Added?"

An Article By Fredrik Weissenrieder. Mr Weissenrieder is a Consultant within Value Based Management and has been Lecturer at Gothenburg School of Economics and Commercial Law. He has presented a consept Cash Value Added (CVA) that is a kind of "cash-based EVA" (This is our notation and not one from Mr Weissenrieder). In our opinion CVA is a good consept and it certainly pays to have a look at it especially if EVA is problematic within your industry because of long term investments or big difference between book and market values of assets etc.

http://www.anelda.com/3/articles/article8.html

Why EVA is better than ROI

7 slides by Esa Mäkeläinen

http://www.evanomics.com/evaroi/evaroiindex.shtml

Working paper, University of Tennessee

"Free Cash Flow (FCF), Economic Value Added (EVA TM), and Net Present Value(NPV): A Reconciliation of Variations of Discounted-Cash-Flow (DCF) Valuation" by Ronald E. Shrieves, Ph.D. SunTrust Bank Professor of Finance and John M. Wachowicz,Jr., Ph.D., CPA Professor of Finance, University of Tennessee

http://web.utk.edu/finrev/WP/eva.pdf

2.3.6 EVA vs. other Value-based measures (A chapter in a study)

A chapter from a long study (by Esa Mäkeläinen). Please click the corresponding chapter number (2.3.6.) from the table of contents after you have chosen this link.

http://http://www.evanomics.com/evastudy/evastudy.shtml

2.3.5 EVA vs. traditional performance measures (A chapter in a study)

A chapter from a long study (by Esa Mäkeläinen). Please click the corresponding chapter number (2.3.5.) from the table of contents after you have chosen this link.

http://http://www.evanomics.com/evastudy/evastudy.shtml