| Description |
1 online resource |
| Bibliography |
Includes bibliographical references and index |
| Summary |
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 perspective that is perfectly suited to companies and worldwide markets. By emphasizing cases on valuation, including mergers and acquisition valuation, it responds to the growing expectation that students and professionals must generate comprehensive perspectives based on thorough investigations and a library of valuation theories. Readers will gain a better understanding of the development of complete analyses, including trend analysis of financial parameters, ratio analysis, and differing perspectives on valuation and strategic initiatives. Case studies include stock market performance and synergies and the intrinsic value of the firm are compared with offer price. In addition, full data sets for each chapter are available online. Provides an understanding on how to value companies that employ non-standard accounting procedures, particularly companies in emerging markets. Gives readers the ability to compare the intrinsic value of the firm with the offer price. Showcases a variety of valuation techniques and provides details about handling each part of the valuation process. Each case has data in Excel spreadsheets for all companies, and data sets for each chapter are available online provider's description |
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Annotation This title 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. |
| Contents |
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. |
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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. |
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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). |
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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. |
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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. |
| Subject |
Valuation.
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Evaluation.
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Évaluation. |
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appraisals (financial records) |
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Evaluation |
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Valuation |
| Other Form: |
Print version: Kumar, B. Rajesh. Valuation. London : Academic Press is an imprint of Elsevier, [2016] 9780128023037 (DLC) 2015955087 (OCoLC)940355764 |
| ISBN |
9780128025437 (electronic bk.) |
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0128025433 (electronic bk.) |
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