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Valuation : Measuring and Managing the Value of Companies, University Edition.
| Clasificación: | Libro Electrónico |
|---|---|
| Autor Corporativo: | |
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken :
Wiley,
2015.
|
| Edición: | 6th ed. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Series; Title Page; Copyright; About the Authors; Preface; Why This Book; Structure of the Book; Valuation Spreadsheet; Acknowledgments; Part One: Foundations of Value; 1: Why Value Value?; What Does It Mean to Create Shareholder Value?; Can Stakeholder Interests Be Reconciled?; Shareholder Capitalism Cannot Solve All Social Issues; Consequences of Forgetting Value-Creation Principles; Short-Termism Runs Deep; This Book; Review Questions; Notes; 2: Fundamental Principles of Value Creation; The Relationship of Growth, ROIC, and Cash Flow; Balancing ROIC and Growth to Create Value.
- Real-World ExamplesManagerial Implications; Economic Profit Combines ROIC and Size; The Math of Value Creation; Summary; Review Questions; Notes; 3: Conservation of Value and the Role of Risk; Conservation of Value; Risk and Value Creation; Summary; Review Questions; Notes; 4: The Alchemy of Stock Market Performance; Why Shareholder Expectations Become a Treadmill; Real-World Effects of the Expectations Treadmill; Decomposing TRS; Understanding Expectations; Managerial Implications; Review Questions; Notes; 5: The Stock Market Is Smarter Than You Think; Markets and Fundamentals: A Model.
- Markets and Fundamentals: The EvidenceWhat about Earnings?; Earnings Management; Diversification and the Conglomerate Discount; Size and Value; Market Mechanics Don't Matter; Value Creation Is More Important than Value Distribution; Summary; Review Questions; Notes; 6: Return on Invested Capital; What Drives ROIC?; Competitive Advantage; Sustainability of Return on Invested Capital; An Empirical Analysis of Returns on Invested Capital; Summary; Review Questions; Notes; 7: Growth; Drivers of Revenue Growth; Growth and Value Creation; Why Sustaining Growth Is Hard.
- Empirical Analysis of Corporate GrowthSummary; Review Questions; Notes; Part Two: Core Valuation Techniques; 8: Frameworks for Valuation; Enterprise Discounted Cash Flow Model; Economic-Profit-Based Valuation Models; Adjusted Present Value Model; Capital Cash Flow Model; Cash-Flow-to-Equity Valuation Model; Other Approaches to Discounted Cash Flow; Alternatives to Discounted Cash Flow; Summary; Review Questions; Notes; 9: Reorganizing the Financial Statements; Reorganizing the Accounting Statements: Key Concepts; Reorganizing the Accounting Statements: In Practice; Advanced Issues.
- Review QuestionsNotes; 10: Analyzing Performance; Analyzing Returns on Invested Capital; Analyzing Revenue Growth; Credit Health and Capital Structure; General Considerations; Review Questions; Notes; 11: Forecasting Performance; Determine the Forecast's Length and Detail; Components of a Good Model; Mechanics of Forecasting; Additional Issues; Review Questions; Notes; 12: Estimating Continuing Value; Recommended Formula for DCF Valuation; Continuing Value Using Economic Profit; Subtleties of Continuing Value; Common Pitfalls; Evaluating Other Approaches to Continuing Value.