Valuation Measuring and Managing the Value of Companies
McKinsey's Trusted Guide to Teaching Corporate Valuation is Back and Better than Ever Designed for classroom use, Valuation, University Edition Fifth Edition is filled with the expert guidance from McKinsey & Company that students and professors have come to trust. Fully Revised and Updated...
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| Otros Autores: | , , |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Chichester :
Wiley
2010.
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| Edición: | 5th ed |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009623427906719 |
Tabla de Contenidos:
- Valuation University Edition, Fifth Edition: Measuring and Managing the Value of Companies; Contents; About the Authors; Preface; Acknowledgments; Part One: Foundations of Value; Chapter 1: Why Value Value?; CONSEQUENCES OF FORGETTING TO VALUE VALUE; BENEFITS OF FOCUSING ON LONG-TERM VALUE; CHALLENGES OF FOCUSING ON LONG-TERM VALUE; REVIEW QUESTIONS; Chapter 2: Fundamental Principles of Value Creation; GROWTH AND ROIC: DRIVERS OF VALUE; CONSERVATION OF VALUE; RISK AND VALUE CREATION; THE MATH OF VALUE CREATION; SUMMARY; REVIEW QUESTIONS; Chapter 3: The Expectations Treadmill
- WHY SHAREHOLDER EXPECTATIONS BECOME A TREADMILLREAL-WORLD EFFECTS OF THE EXPECTATIONS TREADMILL; DECOMPOSING TRS; UNDERSTANDING EXPECTATIONS; MANAGERIAL IMPLICATIONS; REVIEW QUESTIONS; Chapter 4: Return on Invested Capital; DRIVERS OF RETURN ON INVESTED CAPITAL; COMPETITIVE ADVANTAGE; SUSTAINABILITY OF RETURN ON INVESTED CAPITAL; EMPIRICAL ANALYSIS OF RETURNS ON INVESTED CAPITAL; SUMMARY; REVIEW QUESTIONS; Chapter 5: Growth; DRIVERS OF REVENUE GROWTH; GROWTH AND VALUE CREATION; DIFFICULTY OF SUSTAINING GROWTH; EMPIRICAL ANALYSIS OF CORPORATE GROWTH; SUMMARY; REVIEW QUESTIONS
- Part Two: Core Valuation TechniquesChapter 6: 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; Chapter 7: Reorganizing the Financial Statements; REORGANIZING THE ACCOUNTING STATEMENTS: KEY CONCEPTS; REORGANIZING THE ACCOUNTING STATEMENTS: IN PRACTICE; ADVANCED ANALYTICAL ISSUES; REVIEW QUESTIONS
- Chapter 8: Analyzing Performance and Competitive PositionANALYZING RETURNS ON INVESTED CAPITAL; ANALYZING REVENUE GROWTH; CREDIT HEALTH AND CAPITAL STRUCTURE; ALTERNATIVES TO ROIC; GENERAL CONSIDERATIONS; REVIEW QUESTIONS; Chapter 9: Forecasting Performance; DETERMINE LENGTH AND DETAIL OF THE FORECAST; COMPONENTS OF A GOOD MODEL; MECHANICS OF FORECASTING; ADDITIONAL ISSUES; REVIEW QUESTIONS; Chapter 10: Estimating Continuing Value; RECOMMENDED FORMULA FOR DCF VALUATION; RECOMMENDED FORMULA FOR ECONOMIC-PROFIT VALUATION; SUBTLETIES OF CONTINUING VALUE; COMMON PITFALLS
- EVALUATING OTHER APPROACHES TO CONTINUING VALUEADVANCED FORMULAS FOR CONTINUING VALUE; REVIEW QUESTIONS; Chapter 11: Estimating the Cost of Capital; WEIGHTED AVERAGE COST OF CAPITAL; ESTIMATING THE COST OF EQUITY; ESTIMATING THE AFTER-TAX COST OF DEBT; USING TARGET WEIGHTS TO DETERMINE THE COST OF CAPITAL; COMPLEX CAPITAL STRUCTURES; REVIEW QUESTIONS; Chapter 12: Moving from Enterprise Value to Value per Share; VALUING NONOPERATING ASSETS; VALUING DEBT AND DEBT EQUIVALENTS; VALUING HYBRID SECURITIES AND MINORITY INTERESTS; ESTIMATING VALUE PER SHARE; REVIEW QUESTIONS
- Chapter 13: Calculating and Interpreting Results
