| Description |
1 online resource (xi, 202 pages) : illustrations. |
| Series |
Financial Times guides |
|
Financial times guides.
|
| Note |
Previous edition: 2003. |
| Bibliography |
Includes bibliographical references (pages 196-197) and index. |
| Summary |
A short, practical book that gives a thorough understanding and knowledge of valuation in just two hours. It tackles the most commonly used valuation methods in a quick and easy - yet comprehensive - way. Ùnderstanding valuation is relevant to everyone with an ambition in business. For us a Cevian Capital it is an absolutely critical skill. This book will take you there faster than any other in the field.' Christer Gardell Former Partner McKinsey, Managing Partner and co-founder of Cevian Capital À handy, accessible and well-written guide to valuation. The authors manage to capture the reader with high-level synthesis as well as more detailed insights in a great way.'Anna StorakersHead of Group Strategy & Corporate Development, Nordea Bank AB, formerly with Goldman Sachs & Co and McKinsey & Co "If you can envision the future value of a company you are a winner. Make this comprehensive and diligent book on corporate valuation your companion pursuing transactions and you will succeed."Hans Otterling,Founding Partner, CEO Northzone Capital "Both in my previous position as an investment banker and today as an investor in high growth technology companies, corporate valuation has been a most critical subject. The Financial Times guide to Valuationserves as the perfect introduction to the subject and I recommend it to entrepreneurs as well as fellow private investors." Carl Palmstierna, former Partner Goldman Sachs, Business Angel Ǹot only will Financial Times Guide to Corporate Valuation provide you with the basic understanding of corporate valuation, it also gives you an interesting insight into non-operational challenges that companies will face. And it does it all in an unexpectedly efficient and reader friendly manner. If you want to learn the basics and only have a few hours to spare, invest them into reading this book!' Daniel HummelHead of Corporate Finance, Swedbank Ìn this highly accessible and reliable introduction to valuation, Messieurs Frykman and Tolleryd have succeeded in selecting only the essential building blocks in a topic that can otherwise be difficult to navigate. Indeed a guide, this book will prove handy to many of us and a breakthrough to some.' Per Hedberg, Academic Director Stockholm School of Economics Russia T̀his book provides an accessible and informative entry point to the vast topic of valuation. The book covers mechanics as well as how value is linked to intangibles, growth opportunities and industry structure, all the way providing clear examples of every key idea. The authors understand value: they know what is useful, what is practical and what is critical, and give any reader great guidance to the challenge of getting values right.' Bo Becker Assistant Professor Harvard Business School "I read Frykman & Tolleryds book on Corporate Valuation the first time in the late 90's - the book has not only thought me how to value investments, but also how important it is to focus on long term cashflow when building and leading an organization"Mikael SchillerOwner, Chairman, Acne Studios T̀he easy, no-nonsense approach to corporate valuation.' Fiona McGuire, Corporate Finance Director FGS Understanding corporate valuation is crucial for all business people in today's corporate world. No other measure can indicate as completely the current status as well as the future prospects of a company. The Financial Times Guide to Corporate Valuation is a quick, no-nonsense guide to a complex subject. Whether you're a manager, executive, entrepreneur or student this comprehensive reading guide will help you tailor your learning according to your experience, existing knowledge and time constraints. Using the example of a fictional European telecommunications company, Mobitronics, as a model, it provides key insights into universal issues in corporate valuation and the most commonly used valuation methods. THE ONLY STRAIGHTFORWARD GUIDE TO CORPORATE VALUATION. |
| Access |
Limited Users and Download Restrictions may Apply, VLEbooks 1 User Licence. Available using University of Exeter Username and Password. GB-UKExU |
| Contents |
Cover -- Praise for the Second Edition of The Financial Times Guide to Corporate Valuation -- Contents -- Preface -- Acknowledgements -- Chapter 1: Introduction -- Chapter 2: Presentation of Model Company -- Chapter 3: When Do You Need to Value a Company? -- Raising Capital for Growth -- Creating An Incentive Programme to Keep and Attract Employees -- Executing a Merger, Acquisition or Divestiture -- Conducting An Initial Public Offering (Ipo) -- Summary -- Chapter 4: Company Valuation -- An Overview -- Theoretical Overview -- The Most Important Fundamental Valuation Models -- What Models to Use? -- Summary -- Chapter 5: Ratio-Based Valuation -- Classification of Multiples -- Finding Your Multiple -- Different Multiples -- How to Find Input Data for Multiple Valuations -- Summary -- Chapter 6: Discounted Cash Flow Valuation -- Estimating the Cost of Capital -- Wacc -- Calculating Free Cash Flow -- Computing Terminal Value -- Discounting and Final Corporate Value -- The Most Important Variables in a Dcf Analysis -- The Dcf Approach -- Only a Calculation Machine -- Checking Your Assumptions -- Summary -- Chapter 7: Underlying Analysis and Key Value Drivers -- What Is a Value Driver? -- How to Identify Key Value Drivers -- Structuring the Underlying Analysis -- Generic Operational Value Drivers -- Framework for the Underlying Analysis -- Temporary Monopolies -- An Additional Tool for the Underlying Analysis -- Summary -- Chapter 8: How to Value Your Company in Practice -- An Example -- Underlying Analysis of Mobitronics -- Dcf Valuation of Mobitronics -- Scenario Analysis -- Checking the Underlying Assumptions -- Ratio-Based Valuation of Mobitronics -- Piecing It All Together -- the Value of the Company -- Summary -- Chapter 9: Value-Based Management -- Strategy Development -- Target Setting -- Action Plans, Budgets and Training -- Incentive Programmes. |
|
Outcomes of Value-Based Management -- Summary -- Afterword -- Appendix A Inspirational List of Key Value Drivers -- Appendix B Suggested Information Needed for a Valuation -- Glossary -- Further Reading -- Index. |
| Subject |
Corporations -- Valuation.
|
|
Sociétés -- Évaluation. |
|
Corporations -- Valuation |
|
Finance and Accounting. |
| Added Author |
Tolleryd, Jakob.
|
| Added Title |
Guide to corporate valuation |
| Cover Title |
Corporate valuation |
| Other Form: |
Print version: Frykman, David. Financial Times guide to corporate valuation. 2nd ed. Harlow, England : Financial Times Prentice Hall, ©2010 9780273729105 (OCoLC)477258998 |
| ISBN |
(pbk.) |
|
(pbk.) |
|
9780273729112 (e-book) |
|
027372911X |
|
9786612983474 |
|
6612983477 |
| Standard No. |
9786612983474 |
|
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