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The valuation handbook [[electronic resource] ] : valuation techniques from today's top practitioners / / Rawley Thomas, Benton E. Gup
The valuation handbook [[electronic resource] ] : valuation techniques from today's top practitioners / / Rawley Thomas, Benton E. Gup
Autore Thomas Rawley <1946->
Edizione [1st edition]
Pubbl/distr/stampa Hoboken, NJ, : Wiley, c2010
Descrizione fisica 1 online resource (659 p.)
Disciplina 332.63221
658.15
Altri autori (Persone) GupBenton E
Collana Wiley finance
Soggetto topico Corporations - Valuation
Stocks - Prices
ISBN 0-470-53997-6
1-282-30762-2
9786612307621
1-118-26817-2
0-470-53995-X
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto The Valuation Handbook: Valuation Techniques from Today's Top Practitioners; Contents; Preface; VALUATIONS ARE IMPORTANT; VALUATION CHALLENGES: WHICH TECHNIQUES TO APPLY; CONTRIBUTORS; CHAPTER SUMMARIES; Chapter 1: Two Frameworks for Understanding Valuation Models; TOP-DOWN/BOTTOM-UP ANALYSIS; LIFE CYCLE; FIRMS; CONCLUSION; NOTES; Chapter 2: The Value Edge: Reap the Advantage of Disciplined Techniques; VALUATION DECISIONS ARE MADE DIFFERENTLY BY DIFFERENT PEOPLE; TECHNIQUES OF COMMUNICATING VALUE CAN DEMONSTRATE A COMMITMENT TO VALUE BUILDING
ANALYSTS BEWARE: ONCE-SUCCESSFUL PUBLIC COMPANIES CAN LOSE THEIR WAYINCENTIVE COMPENSATION TECHNIQUES BASED ON VALUE ARE BETTER; VALUATION TECHNIQUES FOR PRIVATE COMPANIES ARE ALSO MORE DATA DRIVEN; ESTIMATES OF VALUE MAY DIFFER DEPENDING ON DATA INTEGRITY; FINANCE THEORY AND CORPORATE VALUE; THE VALUE EDGE BEGINS AT THE STRATEGIC BUSINESS UNIT LEVEL; THE WATERFALL OF VALUE I DENTIFIES VALUE CREATORS AND DESTROYERS; BETTER VALUATION FRAMEWORKS PROVIDE DISCIPLINE; THE VALUE JOURNEY HAS MANY STEPS ALONG THE WAY; ACKNOWLEDGMENTS; REFERENCES
Chapter 3: Applying a Systems Mindset to Stock ValuationCHOICE 1: A SYSTEMS MINDSET; CHOICE 2: FIRMS' COMPETITIVE LIFE CYCLE; CHOICE 3: INFLATION ADJUSTMENTS AND ECONOMIC RETURNS; CHOICE 4: DENOMINATOR DEPENDS ON THE NUMERATOR; CHOICE 5: INSIGHTS AND PLAUSIBILITY JUDGMENTS; BACK TO THE FUTURE; SEARCHING FOR FAILURES AND SUCCESSES; CONCLUSION; NOTES; REFERENCES; Chapter 4: Comparing Valuation Models; LITERATURE REVIEW; BRIEF DESCRIPTION OF THE VALUATION MODELS THAT ARE COMPARED; AN EXPERT SYSTEM THAT DOES VALUATION; GOODNESS OF FIT: INITIAL SAMPLE (1,395 VALUATIONS 1993 TO 2000)
TESTS OF DCF IN A HOLDOUT SAMPLE (NEW SAMPLE 2000-2008)CONVERGENCE TESTS; STRAW MAN HORSE RACES (COMPARISON OF THREE MODELS); CONVERGENCE; CONCLUSION; NOTES; REFERENCES; Chapter 5: Developing an Automated Discounted Cash Flow Model; MODELS EXAMINED; DATA AND INITIAL PARAMETERIZATION; MEASUREMENT PRINCIPLES; PROPRIETARY MODELS; CONCLUSION; APPENDIX: ACADEMIC LITERATURE; NOTES; REFERENCES; Chapter 6: The Essence of Value-Based Finance; INTRODUCING VALUE-BASED FINANCE (A TRANSITION FROM ACCOUNTING TO ECONOMICS); VALUATION PERSPECTIVES: ECONOMIC PROFIT AND MARKET VALUE ADDED
VALUATION PERSPECTIVES: THE MAGNIFIERVALUATION PERSPECTIVES: FINANCIAL DRIVERS AND VALUE PROFIT MARGIN; VALUE ANALYSIS: THE PROPER FOCUS; NOTE; Chapter 7: Residual Income and Stock Valuation Techniques: Does It Matter Which One You Use?; ECONOMIC VALUE ADDED (EVA); RESIDUAL INCOME METHOD OF VALUATION; ABNORMAL EARNINGS GROWTH MODEL; NUMERICAL EXAMPLE OF RI AND AEG; CONCLUSION; NOTES; REFERENCES; Chapter 8: Modern Tools for Valuation: Providing the Investment Community with Better Tools for Investment Decisions; IDENTIFYING THE PROBLEM; WHAT DRIVES STOCK MARKET VALUATION?
OUR VALUATION METHODOLOGY-PROVIDING A SOLUTION
Record Nr. UNINA-9910139883403321
Thomas Rawley <1946->  
Hoboken, NJ, : Wiley, c2010
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
The valuation handbook [[electronic resource] ] : valuation techniques from today's top practitioners / / Rawley Thomas, Benton E. Gup
The valuation handbook [[electronic resource] ] : valuation techniques from today's top practitioners / / Rawley Thomas, Benton E. Gup
Autore Thomas Rawley <1946->
Edizione [1st edition]
Pubbl/distr/stampa Hoboken, NJ, : Wiley, c2010
Descrizione fisica 1 online resource (659 p.)
Disciplina 332.63221
658.15
Altri autori (Persone) GupBenton E
Collana Wiley finance
Soggetto topico Corporations - Valuation
Stocks - Prices
ISBN 0-470-53997-6
1-282-30762-2
9786612307621
1-118-26817-2
0-470-53995-X
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto The Valuation Handbook: Valuation Techniques from Today's Top Practitioners; Contents; Preface; VALUATIONS ARE IMPORTANT; VALUATION CHALLENGES: WHICH TECHNIQUES TO APPLY; CONTRIBUTORS; CHAPTER SUMMARIES; Chapter 1: Two Frameworks for Understanding Valuation Models; TOP-DOWN/BOTTOM-UP ANALYSIS; LIFE CYCLE; FIRMS; CONCLUSION; NOTES; Chapter 2: The Value Edge: Reap the Advantage of Disciplined Techniques; VALUATION DECISIONS ARE MADE DIFFERENTLY BY DIFFERENT PEOPLE; TECHNIQUES OF COMMUNICATING VALUE CAN DEMONSTRATE A COMMITMENT TO VALUE BUILDING
ANALYSTS BEWARE: ONCE-SUCCESSFUL PUBLIC COMPANIES CAN LOSE THEIR WAYINCENTIVE COMPENSATION TECHNIQUES BASED ON VALUE ARE BETTER; VALUATION TECHNIQUES FOR PRIVATE COMPANIES ARE ALSO MORE DATA DRIVEN; ESTIMATES OF VALUE MAY DIFFER DEPENDING ON DATA INTEGRITY; FINANCE THEORY AND CORPORATE VALUE; THE VALUE EDGE BEGINS AT THE STRATEGIC BUSINESS UNIT LEVEL; THE WATERFALL OF VALUE I DENTIFIES VALUE CREATORS AND DESTROYERS; BETTER VALUATION FRAMEWORKS PROVIDE DISCIPLINE; THE VALUE JOURNEY HAS MANY STEPS ALONG THE WAY; ACKNOWLEDGMENTS; REFERENCES
Chapter 3: Applying a Systems Mindset to Stock ValuationCHOICE 1: A SYSTEMS MINDSET; CHOICE 2: FIRMS' COMPETITIVE LIFE CYCLE; CHOICE 3: INFLATION ADJUSTMENTS AND ECONOMIC RETURNS; CHOICE 4: DENOMINATOR DEPENDS ON THE NUMERATOR; CHOICE 5: INSIGHTS AND PLAUSIBILITY JUDGMENTS; BACK TO THE FUTURE; SEARCHING FOR FAILURES AND SUCCESSES; CONCLUSION; NOTES; REFERENCES; Chapter 4: Comparing Valuation Models; LITERATURE REVIEW; BRIEF DESCRIPTION OF THE VALUATION MODELS THAT ARE COMPARED; AN EXPERT SYSTEM THAT DOES VALUATION; GOODNESS OF FIT: INITIAL SAMPLE (1,395 VALUATIONS 1993 TO 2000)
TESTS OF DCF IN A HOLDOUT SAMPLE (NEW SAMPLE 2000-2008)CONVERGENCE TESTS; STRAW MAN HORSE RACES (COMPARISON OF THREE MODELS); CONVERGENCE; CONCLUSION; NOTES; REFERENCES; Chapter 5: Developing an Automated Discounted Cash Flow Model; MODELS EXAMINED; DATA AND INITIAL PARAMETERIZATION; MEASUREMENT PRINCIPLES; PROPRIETARY MODELS; CONCLUSION; APPENDIX: ACADEMIC LITERATURE; NOTES; REFERENCES; Chapter 6: The Essence of Value-Based Finance; INTRODUCING VALUE-BASED FINANCE (A TRANSITION FROM ACCOUNTING TO ECONOMICS); VALUATION PERSPECTIVES: ECONOMIC PROFIT AND MARKET VALUE ADDED
VALUATION PERSPECTIVES: THE MAGNIFIERVALUATION PERSPECTIVES: FINANCIAL DRIVERS AND VALUE PROFIT MARGIN; VALUE ANALYSIS: THE PROPER FOCUS; NOTE; Chapter 7: Residual Income and Stock Valuation Techniques: Does It Matter Which One You Use?; ECONOMIC VALUE ADDED (EVA); RESIDUAL INCOME METHOD OF VALUATION; ABNORMAL EARNINGS GROWTH MODEL; NUMERICAL EXAMPLE OF RI AND AEG; CONCLUSION; NOTES; REFERENCES; Chapter 8: Modern Tools for Valuation: Providing the Investment Community with Better Tools for Investment Decisions; IDENTIFYING THE PROBLEM; WHAT DRIVES STOCK MARKET VALUATION?
OUR VALUATION METHODOLOGY-PROVIDING A SOLUTION
Record Nr. UNINA-9910826118003321
Thomas Rawley <1946->  
Hoboken, NJ, : Wiley, c2010
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
ValuFocus investing [[electronic resource] ] : a cash-loving contrarian way to invest in stocks / / Rawley Thomas with William F. Mahoney
ValuFocus investing [[electronic resource] ] : a cash-loving contrarian way to invest in stocks / / Rawley Thomas with William F. Mahoney
Autore Thomas Rawley <1946->
Edizione [1st edition]
Pubbl/distr/stampa Hoboken, N.J., : John Wiley & Sons, 2012
Descrizione fisica 1 online resource (386 p.)
Disciplina 332.63/22
332.6322
Altri autori (Persone) MahoneyWilliam F
Collana Wiley finance series
Soggetto topico Stocks - Prices
Value investing
Corporations - Valuation
Investment analysis
Soggetto genere / forma Electronic books.
ISBN 1-119-20336-8
1-283-64592-0
1-118-28623-5
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Valu Focus Investing; Contents; Preface; Acknowledgments; Section 1 The LCRT Investment Process; Chapter 1 Introducing Our Investment Process; Key Takeaways; Chapter 2 A Better Way to Invest in Stocks; Put the Focus in the Right Place: On a Company's Fundamental Value; We Bring You an Improved Methodology; Basing Decisions on Under- and Overvaluation by the Market; The Key: Recognizing the Inflection Points; Looking at Our Model; Key Takeaways; Chapter 3 Advantages of Economic, Cash-Based Modeling; Key Takeaway; Chapter 4 Analyzing Mental Models; Key Takeaways
Chapter 5 The Value Creation ProcessCost of Capital and Company Return on Capital; The Importance of Adjusting for Inflation; Where We Are Going; Key Takeaways; Chapter 6 The Corporate Perspective; The Focus for Both Constituencies: Value Creation; Earnings Are the Wrong Measure; Executive Compensation; Creating an Information Advantage; Key Takeaways; Section 2 A Brief History of Investing and Modeling; Chapter 7 Relevant Market History of Investing; Start with Concepts of Risk and Uncertainty; Migrate toward Value and Market Inefficiency; Enter Modern Portfolio Theory
An Emphasis on Earnings, PlusLeading to Multifactor Modeling; Finding the Right Factors; Dissecting a Multifactor Model; Key Takeaways; Chapter 8 Interpreting Market History; Market Is Dealing with Price Change, Not Price Level; Bringing History Up to Now; Back to Earnings: Why They Still Prevail; Key Takeaways; Section 3 Brief Discussions of Various Investing Methods; How Best to Combine Investing Methods with LCRT's Models; Chapter 9 Do Stocks Have Intrinsic Value?; Basing Investment Decision on Intrinsic Value; Value Assets on Economic Basis; Estimating Intrinsic Value through a DCF Model
Key TakeawaysChapter 10 The Pros and Cons of Various Methods and Models; Why Price Level Matters; Why Use Analysts' Traditional Cash Flow Forecasts. Why Not.; Why Use Dividends to Value Stocks. Why Not.; Why Use the Simplest Model, EBITDA. Why Not.; Why Use Earnings. Why Not.; Why Use Price Level from Regression Analysis. Why Not.; Why Use Net Free Cash Flow. Why Not.; Why Use Residual Income or EVA.® Why Not.; Why Use Cash Flow ROI, CFROI,® Economic Cash Margin, or Cash Economic Return. Why Not.; Chapter 11 Suppose You Love Your Current DCF Model; Dividend Discount Models
EVA® or Residual Income ModelsCFROI® or Cash Economic Return Models; Regression Models of Price Level; Multifactor Models; Section 4 Explaining LCRT's Conceptual Framework in Detail; Chapter 12 Our Approach; Differences between Intrinsic Value and Market Value Approaches; Explaining Value; Attacking the Old Ways; Modeling on Economic Fundamentals, Not Accounting Mumbo-Jumbo; The Intricacies of the Price Formation Process; The Foundation Is Intrinsic Value; We're Fighting Standard Practices, but We Can Win; Key Takeaways; Chapter 13 Focusing on Price Formation; Be Proactive, Not Reactive
Building a Price Formation Process
Record Nr. UNINA-9910141401803321
Thomas Rawley <1946->  
Hoboken, N.J., : John Wiley & Sons, 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
ValuFocus investing [[electronic resource] ] : a cash-loving contrarian way to invest in stocks / / Rawley Thomas with William F. Mahoney
ValuFocus investing [[electronic resource] ] : a cash-loving contrarian way to invest in stocks / / Rawley Thomas with William F. Mahoney
Autore Thomas Rawley <1946->
Edizione [1st edition]
Pubbl/distr/stampa Hoboken, N.J., : John Wiley & Sons, 2012
Descrizione fisica 1 online resource (386 p.)
Disciplina 332.63/22
332.6322
Altri autori (Persone) MahoneyWilliam F
Collana Wiley finance series
Soggetto topico Stocks - Prices
Value investing
Corporations - Valuation
Investment analysis
ISBN 1-119-20336-8
1-283-64592-0
1-118-28623-5
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Valu Focus Investing; Contents; Preface; Acknowledgments; Section 1 The LCRT Investment Process; Chapter 1 Introducing Our Investment Process; Key Takeaways; Chapter 2 A Better Way to Invest in Stocks; Put the Focus in the Right Place: On a Company's Fundamental Value; We Bring You an Improved Methodology; Basing Decisions on Under- and Overvaluation by the Market; The Key: Recognizing the Inflection Points; Looking at Our Model; Key Takeaways; Chapter 3 Advantages of Economic, Cash-Based Modeling; Key Takeaway; Chapter 4 Analyzing Mental Models; Key Takeaways
Chapter 5 The Value Creation ProcessCost of Capital and Company Return on Capital; The Importance of Adjusting for Inflation; Where We Are Going; Key Takeaways; Chapter 6 The Corporate Perspective; The Focus for Both Constituencies: Value Creation; Earnings Are the Wrong Measure; Executive Compensation; Creating an Information Advantage; Key Takeaways; Section 2 A Brief History of Investing and Modeling; Chapter 7 Relevant Market History of Investing; Start with Concepts of Risk and Uncertainty; Migrate toward Value and Market Inefficiency; Enter Modern Portfolio Theory
An Emphasis on Earnings, PlusLeading to Multifactor Modeling; Finding the Right Factors; Dissecting a Multifactor Model; Key Takeaways; Chapter 8 Interpreting Market History; Market Is Dealing with Price Change, Not Price Level; Bringing History Up to Now; Back to Earnings: Why They Still Prevail; Key Takeaways; Section 3 Brief Discussions of Various Investing Methods; How Best to Combine Investing Methods with LCRT's Models; Chapter 9 Do Stocks Have Intrinsic Value?; Basing Investment Decision on Intrinsic Value; Value Assets on Economic Basis; Estimating Intrinsic Value through a DCF Model
Key TakeawaysChapter 10 The Pros and Cons of Various Methods and Models; Why Price Level Matters; Why Use Analysts' Traditional Cash Flow Forecasts. Why Not.; Why Use Dividends to Value Stocks. Why Not.; Why Use the Simplest Model, EBITDA. Why Not.; Why Use Earnings. Why Not.; Why Use Price Level from Regression Analysis. Why Not.; Why Use Net Free Cash Flow. Why Not.; Why Use Residual Income or EVA.® Why Not.; Why Use Cash Flow ROI, CFROI,® Economic Cash Margin, or Cash Economic Return. Why Not.; Chapter 11 Suppose You Love Your Current DCF Model; Dividend Discount Models
EVA® or Residual Income ModelsCFROI® or Cash Economic Return Models; Regression Models of Price Level; Multifactor Models; Section 4 Explaining LCRT's Conceptual Framework in Detail; Chapter 12 Our Approach; Differences between Intrinsic Value and Market Value Approaches; Explaining Value; Attacking the Old Ways; Modeling on Economic Fundamentals, Not Accounting Mumbo-Jumbo; The Intricacies of the Price Formation Process; The Foundation Is Intrinsic Value; We're Fighting Standard Practices, but We Can Win; Key Takeaways; Chapter 13 Focusing on Price Formation; Be Proactive, Not Reactive
Building a Price Formation Process
Record Nr. UNINA-9910830638203321
Thomas Rawley <1946->  
Hoboken, N.J., : John Wiley & Sons, 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
ValuFocus investing [[electronic resource] ] : a cash-loving contrarian way to invest in stocks / / Rawley Thomas with William F. Mahoney
ValuFocus investing [[electronic resource] ] : a cash-loving contrarian way to invest in stocks / / Rawley Thomas with William F. Mahoney
Autore Thomas Rawley <1946->
Edizione [1st edition]
Pubbl/distr/stampa Hoboken, N.J., : John Wiley & Sons, 2012
Descrizione fisica 1 online resource (386 p.)
Disciplina 332.63/22
332.6322
Altri autori (Persone) MahoneyWilliam F
Collana Wiley finance series
Soggetto topico Stocks - Prices
Value investing
Corporations - Valuation
Investment analysis
ISBN 1-119-20336-8
1-283-64592-0
1-118-28623-5
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Valu Focus Investing; Contents; Preface; Acknowledgments; Section 1 The LCRT Investment Process; Chapter 1 Introducing Our Investment Process; Key Takeaways; Chapter 2 A Better Way to Invest in Stocks; Put the Focus in the Right Place: On a Company's Fundamental Value; We Bring You an Improved Methodology; Basing Decisions on Under- and Overvaluation by the Market; The Key: Recognizing the Inflection Points; Looking at Our Model; Key Takeaways; Chapter 3 Advantages of Economic, Cash-Based Modeling; Key Takeaway; Chapter 4 Analyzing Mental Models; Key Takeaways
Chapter 5 The Value Creation ProcessCost of Capital and Company Return on Capital; The Importance of Adjusting for Inflation; Where We Are Going; Key Takeaways; Chapter 6 The Corporate Perspective; The Focus for Both Constituencies: Value Creation; Earnings Are the Wrong Measure; Executive Compensation; Creating an Information Advantage; Key Takeaways; Section 2 A Brief History of Investing and Modeling; Chapter 7 Relevant Market History of Investing; Start with Concepts of Risk and Uncertainty; Migrate toward Value and Market Inefficiency; Enter Modern Portfolio Theory
An Emphasis on Earnings, PlusLeading to Multifactor Modeling; Finding the Right Factors; Dissecting a Multifactor Model; Key Takeaways; Chapter 8 Interpreting Market History; Market Is Dealing with Price Change, Not Price Level; Bringing History Up to Now; Back to Earnings: Why They Still Prevail; Key Takeaways; Section 3 Brief Discussions of Various Investing Methods; How Best to Combine Investing Methods with LCRT's Models; Chapter 9 Do Stocks Have Intrinsic Value?; Basing Investment Decision on Intrinsic Value; Value Assets on Economic Basis; Estimating Intrinsic Value through a DCF Model
Key TakeawaysChapter 10 The Pros and Cons of Various Methods and Models; Why Price Level Matters; Why Use Analysts' Traditional Cash Flow Forecasts. Why Not.; Why Use Dividends to Value Stocks. Why Not.; Why Use the Simplest Model, EBITDA. Why Not.; Why Use Earnings. Why Not.; Why Use Price Level from Regression Analysis. Why Not.; Why Use Net Free Cash Flow. Why Not.; Why Use Residual Income or EVA.® Why Not.; Why Use Cash Flow ROI, CFROI,® Economic Cash Margin, or Cash Economic Return. Why Not.; Chapter 11 Suppose You Love Your Current DCF Model; Dividend Discount Models
EVA® or Residual Income ModelsCFROI® or Cash Economic Return Models; Regression Models of Price Level; Multifactor Models; Section 4 Explaining LCRT's Conceptual Framework in Detail; Chapter 12 Our Approach; Differences between Intrinsic Value and Market Value Approaches; Explaining Value; Attacking the Old Ways; Modeling on Economic Fundamentals, Not Accounting Mumbo-Jumbo; The Intricacies of the Price Formation Process; The Foundation Is Intrinsic Value; We're Fighting Standard Practices, but We Can Win; Key Takeaways; Chapter 13 Focusing on Price Formation; Be Proactive, Not Reactive
Building a Price Formation Process
Record Nr. UNINA-9910841023203321
Thomas Rawley <1946->  
Hoboken, N.J., : John Wiley & Sons, 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui