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Valuation : theories and concepts /
Valuation: Theories and Concepts provides an understanding on how to value companies that employ non-standard accounting procedures, particularly companies in emerging markets and those that require a wider variety of options than standard texts provide. The book offers a broader, more holistic pers...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
London :
Academic Press, an imprint of Elsevier,
[2015]
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; Valuation; Copyright Page; Dedication; Contents; Preface; Acknowledgments; I. Theories and Concepts; 1 Perspectives on value and valuation; 1.1 Introduction; 1.2 Application of valuation; 1.3 Approaches to valuation; 1.4 Steps in value creation; 1.5 Value drivers; 1.6 Empirical evidence on value drivers; 1.7 Strategic models of valuation; 1.8 Stock price maximization; 1.8.1 Shareholder value and wealth creation; 1.8.2 Value drivers for shareholder wealth creation; 1.8.3 Measures of shareholder value creation; 1.8.3.1 Economic value; 1.8.3.2 Equity spread; 1.8.3.3 Implied value.
- 1.8.3.4 Cash flow return on investment (CFROI)1.8.4 Measures of shareholder wealth creation; 1.8.5 Hybrid wealth creation measure; 1.8.5.1 Market value added (MVA); 1.9 Linkage between strategic management and shareholder value; 1.9.1 Value-based management; 1.9.2 Significance of shared value; 1.9.3 Intangibles; 1.9.4 Valuation of intangibles; 1.9.4.1 Market approach; 1.9.4.2 Cost approach; 1.9.4.3 Income method; 1.9.4.4 Calculated intangible value (CIV); 1.9.5 Brand value; 1.9.6 Brand valuation; 1.10 Challenges in valuing intangibles; 1.11 Innovation and value creation.
- 1.12 Review of research studies on usage of valuation methods1.13 Challenges for valuation; 1.14 Review on theories of valuation; 1.15 Most valuable companies; Appendix: Financial statement analysis; Sources and uses of cash; Cash flow identity; Measures of cash flow; Common size statements; Common base year statements; Ratio analysis; Short-term solvency or liquidity measures; Current ratio; Quick or acid test ratio; Absolute liquid or cash ratio; Profitability measures; Net profit margin; Return on assets (ROA); Return on capital employed (ROCE); Return on equity (ROE).
- Long-term solvency measuresEarnings and cash flow coverage ratios; Interest coverage ratio; Cash coverage ratio; Operational efficiency or asset utilization ratios; Inventory turnover ratio; Receivables turnover ratio; Market value measures; Du Pont system; Business risk; Analysis of growth potential; Analysis of bank performance; Profitability measures; Efficiency measures; Expense measures; Leverage ratios; Asset quality; Management quality; Limitations of ratio analysis; Links for websites for financial analysis; Fundamentals of valuation; Time value of money; Future value and compounding.
- Present value and discountingDiscounted cash flow valuation; Annuities; Perpetuities; Growing annuity; Continuous compounding; Different types of interest rates; Nominal or stated interest rate; Annual percentage rate; Periodic rate; Effective annual rate; Different types of loans; Pure discount loans; Interest only loans; Amortized loans; Bond valuation and interest rates; Basics of bonds; Features of bond; Indenture; Bond terminology; Par value; Coupon and coupon rate; Maturity date; Yield to maturity (YTM); Current yield; Yield to call; Premium and discount bond; Value of bond.