| Description |
1 online resource (vii, 201 pages) : illustrations |
| Bibliography |
Includes bibliographical references and index. |
| Summary |
"Provid[es] the reader with a rational scientific-based understanding and the necessary tools to perform a sound market approach valuation, or if reviewing such valuations, provide[s] the tools to challenge the work of the arts-based senior experts."--Provided by publisher |
| Contents |
Machine generated contents note: 1. Corporate Valuation -- 1.1. The discounted cash flow approach -- 1.2. The market approach -- 1.3. The net asset approach -- 2. What Value? -- 2.1. Standard of values -- 2.2. Marketability and control -- 2.2.1. Marketability (liquidity) -- 2.2.2. Control -- 2.2.3. Adjusting for marketability and control -- 3. Exchange-traded Shares vs. Transactions -- 3.1. Exchange-traded shares -- 3.2. Transactions -- 4. How to Put the Peer Group Together -- 4.1. The selection process -- 4.1.1. Geography -- 4.1.2. Business model -- 4.2. How many comparables? -- 4.3. Analyzing the history -- 5. Market Value of Equity vs. Market Value of Operating/Invested Capital -- 5.1. Market value of equity -- 5.2. Market value of operating/invested capital -- 6. The Value Multiples -- 6.1. EV multiples -- 6.2. P multiples -- 6.3. Other details to consider -- 7. The Value Drivers -- 7.1. Primary value drivers of the EV multiples -- 7.2. Primary value drivers of the P multiples -- 7.3. Assumptions regarding value drivers -- 8. Applying the Market Approach in Practice -- 8.1. The case study -- 8.1.1. EV/Sales -- 8.1.2. EV/EBIT -- 8.1.3. EV/BEV -- 8.1.4. Some closing remarks -- 8.2. Risk -- 8.2.1. The discounted cash flow approach (DCF) -- 8.2.2. Forecasted cash flows -- 8.2.3. Cost of capital (discount rate) -- 8.2.4. Cost of equity (Ke) -- 8.2.5. The capital asset pricing model (CAPM) -- 8.2.6. Adjusted CAPM -- 8.2.7. Cost of debt (Kd) -- 8.2.8. Capital structure -- 8.2.9. Weighted average cost of capital (WACC) -- 8.3. Summary of calculated values -- 8.3.1. EV multiples -- 8.3.2. Price multiples -- short tuning -- 8.3.3. Concluding remarks -- 9. Using the Market Approach for Reconciliation -- 9.1. The discounted cash flow value of Engineering Corp -- 9.1.1. EV/Sales -- 9.1.2. EV/EBIT -- 9.1.3. EV/BEV -- 9.1.4. Some closing remarks -- 10. Forward-looking Value Multiples -- 11. Summary and Concluding Remarks -- 12. Epilog. |
| Language |
English. |
| Subject |
Valuation.
|
|
Accounting.
|
|
Evaluation.
|
|
Évaluation. |
|
appraisals (financial records) |
|
Evaluation |
|
Accounting |
|
Valuation |
| Other Form: |
Print version: Valuation. John Wiley & Sons Inc 2014 9781118903926 (OCoLC)870286202 |
| ISBN |
9781118903889 (electronic bk.) |
|
1118903889 (electronic bk.) |
|
9781118903896 (electronic bk.) |
|
1118903897 (electronic bk.) |
|
130670622X (electronic bk.) |
|
9781306706223 (electronic bk.) |
|
9781118903902 (electronic bk.) |
|
1118903900 (electronic bk.) |
|
1118903927 |
|
9781118903926 |
|
(hbk.) |
|
More Resources