đź“’ Valuation by McKinsey & Company Inc.

Genre : Business & Economics
Publisher : John Wiley and Sons
ISBN_10 : 9780470424704
Copyright Year : 2010-07-26
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The #1 guide to corporate valuation is back . . . and better than ever! "The best valuation book just got better. This edition's greater emphasis on what drives value and how to measure it will improve the way practitioners conduct financial analysis and, ultimately, make strategic decisions. It is required reading for all executives." —Professor Benjamin C. Esty, Harvard Business School, author of Modern Project Finance: A Casebook "The bible in its field. Anyone wanting to understand what drives corporate value should read this latest edition." —Dr. Raymund Breu, former chief financial officer, Novartis AG "Valuation gets to the heart of how to measure and manage value in a company. Whether you are evaluating an acquisition, restructuring a corporation, or formulating strategy, this book will help you do it well." —John A. Manzoni, Chief Executive Officer, Talisman Energy Inc. "A 'how-to' guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies." —New York Times "The book's clarity and comprehensive coverage make it one of the best practitioners' guides to valuation." —Financial Times

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Genre : Law
Publisher : Kluwer Law International B.V.
ISBN_10 : 9789041127358
Copyright Year : 2008-01-01
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This book provides a clear understanding of the nuts and bolts of valuation approaches for business investments, including market, income and asset-based methods. It reviews tools that arbitrators may employ to reach their final compensation assessment on a principled basis. The bookand’s many practical recommendations explore the decision making processes entailed in three central aspects of the arbitratorand’s role: and• advance planning to enhance understanding of expert valuation evidence; and• identification of and“apples-to-orangesand” miscomparisons; and and• recognition of the true comparability between the business at issue and other examples offered in the expert evidence. The presentation focuses not only on the legal standards applicable to the valuation (full or adequate compensation, reparations, restitution, actual loss, fair market value, fair or reasonably equivalent value, lost profits, etc.), but also on the informed judgment and reasonableness that must enter into the process of weighing the facts of each case and determining its aggregate significance. The book considers common valuation methods like discounted cash flows, adjusted present values, capitalized cash flows, adjusted book values and comparable sales and transactions. Additionally, it addresses means for arbitrators to assess expert valuation evidence in complex business investment disputes. andquot;Best book 2008 of the OGEMID awards!andquot;

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đź“’ Valuation by Seth Bernstrom

Genre : Business & Economics
Publisher : John Wiley & Sons
ISBN_10 : 9781118903902
Copyright Year : 2014-04-25
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The market approach aims to establish the value of a companybased on how similar firms are priced on the stock exchange orthrough company transactions. Using the market approach,price-related indicators such as price to earnings, sales and bookvalues are utilised. An ever-present problem however, is thatdifferent valuation multiples and valuation methodologies tend toprovide the analyst with contradictory outputs. The solution tothis problem so far has been to claim that the market approach ismore art than science, thus providing the analyst with the freedomto alter the multiples at their own discretion to reach a uniformvalue or range. Valuation: The Market Approach puts an end to thisproblem, providing the reader with a rational scientific-basedunderstanding and the necessary tools to perform a sound marketapproach valuation, or if reviewing such valuations, provide thetools to challenge the work of the arts-based senior experts. The book begins with an in-depth review of the basics; which isthen applied in a detailed worked example. Step-by-step, thereader’s expertise is built towards a complete understandingand implementation of the market approach, not only on a standalonebasis but also in relation to the DCF methodology. The book is aimed at the seasoned professional, but will also beinvaluable to students as they apply their academic knowledge tothe real world of valuation and M&A. About the author: SETH BERNSTROM is a Director at the Valuations practice of PwC.He has 15 years of experience as a valuation expert with a specialfocus on private equity, with long-running engagements in Valuationfor some of the leading Nordic private equity houses. Additionally,he provides valuation support and valuation-related advisoryservices to large and medium-sized Nordic and (Nordic-based) globalcompanies. In addition to his regular work at PwC, he also acts asVisiting Lecturer on valuation at KTH Royal Institute of Technologyin Stockholm. Furthermore, he often gives lectures and seminars onvaluation at other leading Nordic universities, investment banks,companies, and organizations. He holds a Master of Science inBusiness Administration and Economics from the Stockholm UniversitySchool of Business.

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Genre : Business & Economics
Publisher : Springer Science & Business Media
ISBN_10 : 9783790817232
Copyright Year : 2006-08-18
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File Download : 241
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Corporate valuation using multiples is one of the most popular corporate valuation approaches. In this book, the different steps of this valuation approach such as the selection of comparable companies or the choice of the reference variables are discussed. Then, the circumstances required for a sound valuation (e.g., the degree of efficiency of the equity market) are described. Additionally, the book gives insight on how the state of the industry and/or the company has an impact on the proper choice of the reference variables. Finally, it is shown how multi-factor models can enrich the universe of valuation models. While always maintaining the academic rigor, the author addresses practice-relevant topics and delivers hands-on solutions for typical valuation problems.

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Genre : Business & Economics
Publisher : John Wiley & Sons
ISBN_10 : 9781945498305
Copyright Year : 2017-12-11
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This fifth edition simplifies a technical and complex area of practice with real-world experience and examples. Expert author Gary Trugman's informal, easy-to-read style, covers all the bases in the various valuation approaches, methods, and techniques. Author note boxes throughout the publication draw on Trugman's veteran, practical experience to identify critical points in the content. Suitable for all experience levels, you will find valuable information that will improve and fine-tune your everyday activities.

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đź“’ Damodaran On Valuation by Aswath Damodaran

Genre : Business & Economics
Publisher : John Wiley & Sons
ISBN_10 : 9781118161081
Copyright Year : 2011-09-13
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File Download : 696
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"Aswath Damodaran is simply the best valuation teacher around. If you are interested in the theory or practice of valuation, you should have Damodaran on Valuation on your bookshelf. You can bet that I do." -- Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places In order to be a successful CEO, corporate strategist, or analyst, understanding the valuation process is a necessity. The second edition of Damodaran on Valuation stands out as the most reliable book for answering many of today?s critical valuation questions. Completely revised and updated, this edition is the ideal book on valuation for CEOs and corporate strategists. You'll gain an understanding of the vitality of today?s valuation models and develop the acumen needed for the most complex and subtle valuation scenarios you will face.

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Genre : Business & Economics
Publisher : FT Press
ISBN_10 : 013040652X
Copyright Year : 2001
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File Download : 479
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Concurrent with the rise of technology companies, particularly dot.coms. there has been a disquiet among investors. Just what is their worth? How do you assess them as an investor? This book, by Damodaran, who is considered the world's leading authority on valuation, answers these questions and more.

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đź“’ Investment Valuation by Aswath Damodaran

Genre : Business & Economics
Publisher : John Wiley & Sons
ISBN_10 : 0471414905
Copyright Year : 2002-01-31
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Valuation is a topic that is extensively covered in business degree programs throughout the country. Damodaran's revisions to "Investment Valuation" are an addition to the needs of these programs.

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Genre : Business & Economics
Publisher : John Wiley & Sons
ISBN_10 : 0470485450
Copyright Year : 2009-04-08
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File Download : 504
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Business Valuation Discounts and Premiums SECOND EDITION Discounts and premiums do not just affect the value of a company; they play a crucial role in influencing a host of other factors and conditions that can make or break a deal. When it comes to business valuations, it's the business appraiser's responsibility to be intimately knowledgeable with every aspect of discounts and premiums: the different types, the situations when they may or may not apply, and how to quantify them. In this newly updated edition of Business Valuation: Discounts and Premiums, Shannon Pratt—one of the nation's most recognized and respected business valuation consultants—brings together the latest collective wisdom and knowledge about all major business discounts and premiums. Addressing the three basic approaches to conducting a valuation—the income approach, the market approach, and the asset approach—Shannon Pratt deftly and logically details the different discounts or premiums that may be applicable, depending on the basic valuation approach used, and how the valuation approaches used affect the level. Clearly written and thorough, Business Valuation: Discounts and Premiums, Second Edition provides business appraisers, accountants, attorneys, and business owners with an arsenal of information for their professional toolkit that can be applied to every major evaluation case they might face in any deal. This updated edition features timely, comprehensive coverage on: Strategic acquisitions Extensive empirical data Pre-IPO marketability discount studies Merger and acquisition negotiations, empirical evidence from completed transactions, and positions taken by courts in litigations Strategic acquisition premiums Studies on minority discounts Detailed, authoritative, and complete in its coverage, Business Valuation: Discounts and Premiums, Second Edition gets to the core of one of the more complex challenges faced by business appraisers, and arms readers with the understanding and techniques needed to successfully meet and exceed their job expectations.

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Genre : Business & Economics
Publisher : The Stationery Office
ISBN_10 : 9780115526954
Copyright Year : 2005-01-01
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File Download : 113
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This document contains guidance on a common framework for the discussion, development and implementation of highway infrastructure asset valuation by local highway authorities in the UK, in line with financial reporting and asset management requirements. Specific guidance is given for roads, segregated footpaths and cycle routes, and the document covers all fixed assets that form an essential part of the highway network, including earthworks and drainage, pavements and verges, fencing, lighting, street furniture, traffic management and communication assets. It sets out a step by step procedure covering asset clarification, data requirements, calculation of Gross Replacement Cost, calculation of depreciation and impairment, reporting and monitoring of asset value; and examples are given in the appendices to illustrate methodology application.

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