My last post on valuing the Tata companies, all of which have significant holdings in other companies, has raised a natural follow up question. When valuing a company, is it better to use stand-alone parent company financial statements or should we use consolidated financial statements? More generally, which of these two should you focus on as an investor/manager/regulator?
Parent versus Consolidated financial statements
Parent versus Consolidated financial…
Parent versus Consolidated financial statements
My last post on valuing the Tata companies, all of which have significant holdings in other companies, has raised a natural follow up question. When valuing a company, is it better to use stand-alone parent company financial statements or should we use consolidated financial statements? More generally, which of these two should you focus on as an investor/manager/regulator?