title: Ð£Ð¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ðµ ÑÑÐ½Ð¾ÑÐ½Ð¾Ð¹ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑÑ Ð¿ÑÐµÐ´Ð¿ÑÐ¸ÑÑÐ¸Ñ ÑÑÑÐ¾Ð¸ÑÐµÐ»ÑÐ½Ð¾Ð¹ Ð¾ÑÑÐ°ÑÐ»Ð¸ (Ð½Ð° Ð¿ÑÐ¸Ð¼ÐµÑÐµ ÐÐÐ Â«ÐÑÑÐ¿Ð¿Ð° ÐÐ¡Ð Â»)
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð±Ð°ÐºÐ°Ð»Ð°Ð²ÑÐ°
titleType: Subtitle
title: Managing the market value of a construction industry enterprise (on the example of PJSC LSR Group)
Creators: name: ÐÐ¾Ð¿Ð°ÑÐ¸Ð½, ÐÐ¼Ð¸ÑÑÐ¸Ð¹
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2023
Subjects: ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸Ñ
ÑÑÑÐ¾Ð¸ÑÐµÐ»ÑÐ½ÑÐ¹ ÑÐµÐºÑÐ¾Ñ
ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ðµ ÑÑÐ½Ð¾ÑÐ½Ð¾Ð¹ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑÑ
ÑÐµÐ½Ð° Ð°ÐºÑÐ¸Ð¸
capitalization
construction sector
market value management
stock price

description: Ð¦ÐµÐ»Ñ ÑÐ°Ð±Ð¾ÑÑ: Ð²ÑÑÐ²Ð»ÐµÐ½Ð¸Ðµ ÑÐ°ÐºÑÐ¾ÑÐ¾Ð², Ð²Ð»Ð¸ÑÑÑÐ¸Ñ Ð½Ð° ÑÑÐ½Ð¾ÑÐ½ÑÑ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ Ð¿ÑÐµÐ´Ð¿ÑÐ¸ÑÑÐ¸Ð¹ ÑÑÑÐ¾Ð¸ÑÐµÐ»ÑÐ½Ð¾Ð¹ Ð¾ÑÑÐ°ÑÐ»Ð¸ Ð Ð¾ÑÑÐ¸Ð¸, Ð° ÑÐ°ÐºÐ¶Ðµ ÑÐ°Ð·ÑÐ°Ð±Ð¾ÑÐºÐ° Ð¼ÐµÑÐ¾Ð¿ÑÐ¸ÑÑÐ¸Ð¹ Ð¿Ð¾ ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ñ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸ÐµÐ¹ Ð½Ð° Ð¿ÑÐ¸Ð¼ÐµÑÐµ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ ÐÑÑÐ¿Ð¿Ð° ÐÐ¡Ð . ÐÐ° Ð¾ÑÐ½Ð¾Ð²Ðµ Ð´Ð°Ð½Ð½ÑÑ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÑ Ð¾ÑÑÐµÑÐ¾Ð² ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð¸ ÑÑÐ°ÑÐ¸ÑÑÐ¸ÐºÐ¸ ÑÑÐ½Ð¾ÑÐ½ÑÑ ÑÐµÐ½ Ð°ÐºÑÐ¸Ð¹ ÑÐ°ÑÑÑÐ¸ÑÐ°Ð½Ñ Ð·Ð½Ð°ÑÐµÐ½Ð¸Ñ ÑÑÐ½Ð´Ð°Ð¼ÐµÐ½ÑÐ°Ð»ÑÐ½Ð¾Ð¹ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð¿Ð¾ Ð¼Ð¾Ð´ÐµÐ»Ð¸ Ð¾ÑÑÐ°ÑÐ¾ÑÐ½Ð¾Ð¹ ÑÐ¸ÑÑÐ¾Ð¹ Ð¿ÑÐ¸Ð±ÑÐ»Ð¸ Ð² Ð¿ÐµÑÐ¸Ð¾Ð´ 2017 â 2022 Ð³.Ð³. Ð Ð°ÑÑÐµÑÑ Ð¿Ð¾ÐºÐ°Ð·Ð°Ð»Ð¸, ÑÑÐ¾ ÑÑÐ½Ð¾ÑÐ½Ð°Ñ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð²ÐºÐ»ÑÑÐ°ÐµÑ Ð¿Ð¾Ð¼Ð¸Ð¼Ð¾ ÑÑÐ½Ð´Ð°Ð¼ÐµÐ½ÑÐ°Ð»ÑÐ½Ð¾Ð¹ ÐºÐ¾Ð¼Ð¿Ð¾Ð½ÐµÐ½ÑÑ ÐµÑÐµ Ð¸ Ð¿Ð¾ÐºÐ°Ð·Ð°ÑÐµÐ»Ñ PVFG (Present Value of Future Growth), ÐºÐ¾ÑÐ¾ÑÑÐ¹ Ð¼Ð¾Ð¶Ð½Ð¾ ÑÐ°ÑÑÐ¼Ð°ÑÑÐ¸Ð²Ð°ÑÑ ÐºÐ°Ðº Ð´Ð¾Ð¿Ð¾Ð»Ð½Ð¸ÑÐµÐ»ÑÐ½ÑÑ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ, ÐºÐ¾ÑÐ¾ÑÑÑ Ð¸Ð½Ð²ÐµÑÑÐ¾ÑÑ Ð¿ÑÐ¸Ð´Ð°ÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Ð¸Ð·-Ð·Ð° Ð¾Ð¶Ð¸Ð´Ð°ÐµÐ¼ÑÑ Ð²Ð¾Ð·Ð¼Ð¾Ð¶Ð½Ð¾ÑÑÐµÐ¹ ÑÐ¾ÑÑÐ° Ð² Ð±ÑÐ´ÑÑÐµÐ¼. Ð£ÑÑÐ°Ð½Ð¾Ð²Ð»ÐµÐ½Ð¾, ÑÑÐ¾ Ð¿Ð¾ÐºÐ°Ð·Ð°ÑÐµÐ»Ñ PVFG Ð¼Ð¾Ð¶ÐµÑ Ð¸Ð¼ÐµÑÑ ÐºÐ°Ðº Ð¿Ð¾Ð»Ð¾Ð¶Ð¸ÑÐµÐ»ÑÐ½ÑÑ, ÑÐ°Ðº Ð¸ Ð¾ÑÑÐ¸ÑÐ°ÑÐµÐ»ÑÐ½ÑÑ Ð²ÐµÐ»Ð¸ÑÐ¸Ð½Ñ. Ð Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð½Ð¾Ð¼ Ð²ÑÐµÐ¼ÐµÐ½Ð½Ð¾Ð¼ Ð¸Ð½ÑÐµÑÐ²Ð°Ð»Ðµ PVFG Ð±ÑÐ» Ð¿Ð¾Ð»Ð¾Ð¶Ð¸ÑÐµÐ»ÑÐ½ÑÐ¼, ÑÑÐ¾ Ð³Ð¾Ð²Ð¾ÑÐ¸Ñ Ð¾ ÑÐ¾Ð¼, ÑÑÐ¾ ÑÑÐ½Ð¾Ðº Ð² ÑÐµÐ»Ð¾Ð¼ Ð¿Ð¾Ð»Ð¾Ð¶Ð¸ÑÐµÐ»ÑÐ½Ð¾ Ð¾ÑÐµÐ½Ð¸Ð²Ð°ÐµÑ Ð²Ð¾Ð·Ð¼Ð¾Ð¶Ð½Ð¾ÑÑÐ¸ Ð±ÑÐ´ÑÑÐµÐ³Ð¾ ÑÐ¾ÑÑÐ° ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ ÑÑÑÐ¾Ð¸ÑÐµÐ»ÑÐ½Ð¾Ð¹ Ð¾ÑÑÐ°ÑÐ»Ð¸. Â  Â  ÐÐ° Ð¾ÑÐ½Ð¾Ð²Ðµ Ð¸Ð·Ð²ÐµÑÑÐ½Ð¾Ð¹ Ð¼Ð¾Ð´ÐµÐ»Ð¸ ÐÐµÐ½ÑÐ°Ð³Ð¾Ð½Ð° ÐÑÐ½Ð¾Ð»ÑÐ´Ð° ÑÐ°Ð·ÑÐ°Ð±Ð¾ÑÐ°Ð½ Ð¿Ð¾ÑÑÐ´Ð¾Ðº Ð´ÐµÐ¹ÑÑÐ²Ð¸Ð¹ Ð¿Ð¾ ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ñ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸ÐµÐ¹ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Â«ÐÑÑÐ¿Ð¿Ð° ÐÐ¡Ð Â». ÐÑÐ°ÐºÑÐ¸ÑÐµÑÐºÐ°Ñ Ð·Ð½Ð°ÑÐ¸Ð¼Ð¾ÑÑÑ Ð²ÑÐ¿ÑÑÐºÐ½Ð¾Ð¹ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð¹ ÑÐ°Ð±Ð¾ÑÑ ÑÐ¾ÑÑÐ¾Ð¸Ñ Ð² ÑÐ¾Ð¼, ÑÑÐ¾ ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÑ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð¼Ð¾Ð³ÑÑ Ð±ÑÑÑ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·Ð¾Ð²Ð°Ð½Ñ Ð² ÐºÐ°ÑÐµÑÑÐ²Ðµ Ð±Ð°Ð·Ñ Ð´Ð»Ñ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°ÑÐµÐ»ÑÑÐºÐ¾Ð¹, Ð°Ð½Ð°Ð»Ð¸ÑÐ¸ÑÐµÑÐºÐ¾Ð¹ Ð¸ Ð¿ÑÐ¾ÐµÐºÑÐ½Ð¾Ð¹ Ð´ÐµÑÑÐµÐ»ÑÐ½Ð¾ÑÑÐ¸ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÑÐµÑÐºÐ¾Ð³Ð¾ Ð¸ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð³Ð¾ Ð¾ÑÐ´ÐµÐ»Ð° Ð¿ÑÐµÐ´Ð¿ÑÐ¸ÑÑÐ¸Ð¹, ÑÐ°ÑÑÐ¼Ð°ÑÑÐ¸Ð²Ð°ÑÑÐ¸Ñ ÑÐµÐ¼Ñ Ð¾ÑÐµÐ½ÐºÐ¸ Ð¸ ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ñ ÑÑÐ½Ð¾ÑÐ½Ð¾Ð¹ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑÑ Ð² Ð¿ÑÐ±Ð»Ð¸ÑÐ½ÑÑ Ð°ÐºÑÐ¸Ð¾Ð½ÐµÑÐ½ÑÑ Ð¾Ð±ÑÐµÑÑÐ²Ð°Ñ ÑÑÑÐ¾Ð¸ÑÐµÐ»ÑÐ½Ð¾Ð¹ Ð¾ÑÑÐ°ÑÐ»Ð¸. ÐÐ»Ñ Ð²ÑÐ¿Ð¾Ð»Ð½ÐµÐ½Ð¸Ñ ÑÐ°Ð±Ð¾ÑÑ Ð±ÑÐ»Ð¸ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·Ð¾Ð²Ð°Ð½Ñ Ð¸Ð½ÑÐ¾ÑÐ¼Ð°ÑÐ¸Ð¾Ð½Ð½ÑÐµ ÑÐµÑÐ½Ð¾Ð»Ð¾Ð³Ð¸Ð¸ Ð¸ Ð¿ÑÐ¾Ð³ÑÐ°Ð¼Ð¼Ñ ÐºÐ°Ðº Microsoft Excel, Word Ð¸ STATA.
description: Objective of the thesis: to identify factors influencing the market value of construction industry enterprises in Russia and develop measures for capitalization management using the example of LSR Group. Based on the financial statements of companies and market stock price statistics, the values of the fundamental companys value were calculated using the residual net income model for the period from 2017 to 2022. The calculations showed that the market value of the companies includes not only the fundamental component but also the PVFG indicator (Present Value of Future Growth), which can be considered as an additional value that investors attribute to the company due to expected growth opportunities in the future. It was found that the PVFG indicator can have both positive and negative values. In the studied time interval, PVFG was positive, indicating that the market overall positively evaluates the growth prospects of the construction industry company. Based on the well-known Pentagon Arnold model, a sequence of actions for capitalization management of the "LSR Group" company was developed. The practical significance of the graduation thesis lies in the fact that the research findings can be used as a basis for research, analytical, and project activities of the economic and financial departments of enterprises that explore the topic of evaluation and management of market value in public joint-stock companies in the construction industry. To perform the work, information technologies and programs such as Microsoft Excel, Word and STATA were used.