Valuation : the market approach /

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"Provid[es] the reader with a rational scientific-based understanding and the necessary tools to perform a sound market approach valuation, or if reviewing such valuations, provide[s] the tools to challenge the work of the arts-based senior experts."--Provided by publisher

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Bernström, Seth (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Chichester, West Sussex, United Kingdom : Wiley, 2014.
Temas:
Valuation.
Accounting.
Evaluation.
Évaluation.
appraisals (financial records)
BUSINESS & ECONOMICS > Finance.
Evaluation
Accounting
Valuation
Acceso en línea:Texto completo (Requiere registro previo con correo institucional)
Tabla de Contenidos:
  • Machine generated contents note: 1. Corporate Valuation
  • 1.1. The discounted cash flow approach
  • 1.2. The market approach
  • 1.3. The net asset approach
  • 2. What Value?
  • 2.1. Standard of values
  • 2.2. Marketability and control
  • 2.2.1. Marketability (liquidity)
  • 2.2.2. Control
  • 2.2.3. Adjusting for marketability and control
  • 3. Exchange-traded Shares vs. Transactions
  • 3.1. Exchange-traded shares
  • 3.2. Transactions
  • 4. How to Put the Peer Group Together
  • 4.1. The selection process
  • 4.1.1. Geography
  • 4.1.2. Business model
  • 4.2. How many comparables?
  • 4.3. Analyzing the history
  • 5. Market Value of Equity vs. Market Value of Operating/Invested Capital
  • 5.1. Market value of equity
  • 5.2. Market value of operating/invested capital
  • 6. The Value Multiples
  • 6.1. EV multiples
  • 6.2. P multiples
  • 6.3. Other details to consider
  • 7. The Value Drivers
  • 7.1. Primary value drivers of the EV multiples
  • 7.2. Primary value drivers of the P multiples
  • 7.3. Assumptions regarding value drivers
  • 8. Applying the Market Approach in Practice
  • 8.1. The case study
  • 8.1.1. EV/Sales
  • 8.1.2. EV/EBIT
  • 8.1.3. EV/BEV
  • 8.1.4. Some closing remarks
  • 8.2. Risk
  • 8.2.1. The discounted cash flow approach (DCF)
  • 8.2.2. Forecasted cash flows
  • 8.2.3. Cost of capital (discount rate)
  • 8.2.4. Cost of equity (Ke)
  • 8.2.5. The capital asset pricing model (CAPM)
  • 8.2.6. Adjusted CAPM
  • 8.2.7. Cost of debt (Kd)
  • 8.2.8. Capital structure
  • 8.2.9. Weighted average cost of capital (WACC)
  • 8.3. Summary of calculated values
  • 8.3.1. EV multiples
  • 8.3.2. Price multiples
  • short tuning
  • 8.3.3. Concluding remarks
  • 9. Using the Market Approach for Reconciliation
  • 9.1. The discounted cash flow value of Engineering Corp
  • 9.1.1. EV/Sales
  • 9.1.2. EV/EBIT
  • 9.1.3. EV/BEV
  • 9.1.4. Some closing remarks
  • 10. Forward-looking Value Multiples
  • 11. Summary and Concluding Remarks
  • 12. Epilog.

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