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Valuation: Measuring and Managing the Value of Companies(Wiley Finance Series)

Valuation: Measuring and Managing the Value of Companies(Wiley Finance Series)

          
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About the Book

The no.1 guide to corporate valuation is now better than ever! In today's economy, it's essential for business professionals to excel at measuring, managing, and maximizing shareholder value. Valuation, hailed by financial professionals worldwide as the single best guide of its kind, shows managers at every level how to create value for their companies. The new Fourth Edition has been updated and expanded to provide critical insights into the business conditions that characterize today's volatile global economy. Along with all-new case studies, it takes a fresh look at topical issues in finance including the Internet bubble in capital markets, new accounting rules, the cost of capital, valuing assets in emerging markets, and managing performance. McKinsey & Co., Inc., is an international top management consulting firm. Founded in 1926, McKinsey & Co. Inc., advises leading companies around the world on issues of strategy, organization, and operations, and in specialized areas such as finance, information technology and the Internet, research and development, sales, marketing, manufacturing, and distribution. Tim Koller, MBA (New York, NY), is a partner at McKinsey & Co., Inc., and has been a coleader of the firm's corporate finance practice in both the United States and Europe. Marc Goedhart (Amsterdam, Netherlands) is an associate principal at McKinsey in their Amsterdam offices. David Wessels, PhD (Philadelphia, PA), is a professor and serves on the finance faculty at the Wharton School of the University of Pennsylvania and the Goizueta Business School of Emory University.

Table of Contents:
Part One: Foundations of Value. 1. Why Maximize Value? 2. The Value Manager. 3. Fundamental Principles of Value Creation. 4. Do Fundamentals Really Drive the Stock Market? Part Two: Core Valuation Techniques. 5. Frameworks for Valuation. 6. Thinking about Return on Invested Capital and Growth. 7. Analyzing Historical Performance. 8. Forecasting Performance. 9. Estimating Continuing Value. 10. Estimating the Cost of Capital. 11. Calculating and Interpreting Results. 12. Using Multiples for Valuation. Part Three: Making Value Happen. 13. Performance Measurement. 14. Performance Management. 15. Creating Value through Mergers and Acquisitions. 16. Creating Value through Divestitures. 17. Capital Structure. 18. Investor Communications. Part Four: Advanced Valuation Issues. 19. Valuing Multibusiness Companies. 20. Valuing Flexibility. 21. Cross-Border Valuation. 22. Valuation in Emerging Markets. 23. Valuing High-Growth Companies. 24. Valuing Cyclical Companies. 25. Valuing Financial Institutions. Appendix A: Economic Profit and the Key Value Driver Formula. Appendix B: Discounted Economic Profit Equals Discounted Free Cash Flow. Appendix C: Adjusted Present Value Equals Discounted Free Cash Flow. Appendix D: Levering and Unlevering the Cost of Equity. Appendix E: Leverage and the Price-Earnings Multiple. Index.


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Product Details
  • ISBN-13: 9780471702184
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: John Wiley & Sons Inc
  • Edition: Revised edition
  • Language: English
  • Returnable: N
  • Spine Width: 42 mm
  • Weight: 1434 gr
  • ISBN-10: 0471702188
  • Publisher Date: 08 Jun 2005
  • Binding: Hardback
  • Height: 256 mm
  • No of Pages: 639
  • Series Title: Wiley Finance Series
  • Sub Title: Measuring and Managing the Value of Companies
  • Width: 187 mm


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