Fernandes, António B.Armada, Manuel José da RochaRodrigues, Lúcia Lima2011-05-312011-05-312005Fernandes, António B.; Armada, Manuel J. Rocha; Rodrigues, Lúcia Maria Portela Lima (2005)- Valuation of companies not quoted on the stock market. In 3º International Finance Conference IFC 3. Hammamet - Tunisia.http://hdl.handle.net/10198/4768Valuation of companies not quoted on the stock market, arch of relatively small sizee have not been studied (evaluated) as compared with other large and quoted companies. In the present study, and as starting point, we apply the “CVA – Cash Value Added” method particularly adequate for the type of Portuguese (Small) firms. We proceed by performing a sensitivity and simulation analysis, in order to estimate the associated with the previous classic (static) valuation methodology. This, in our opinion, is another contribution of this research.engValuation of firmsTraditional (static)CVAFirms not quoted on the stock marketSmall firmsSimulation analysisRiskconference object