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The Art of Company Valuation and Financial Statement Analysis [[electronic resource] ] : A value investor's guide with real-life case studies
| The Art of Company Valuation and Financial Statement Analysis [[electronic resource] ] : A value investor's guide with real-life case studies |
| Autore | Schmidlin Nicolas |
| Pubbl/distr/stampa | Hoboken, : Wiley, 2014 |
| Descrizione fisica | 1 online resource (264 p.) |
| Disciplina |
658.16
658.162 |
| Collana | The Wiley Finance Series |
| Soggetto topico |
Consolidation and merger of corporations
Corporations -- Finance Corporations -- Valuation Investment analysis |
| ISBN |
1-119-20802-5
1-118-84304-5 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Title Page; Copyright Page; Contents; Acknowledgements; Preface; 1 Introduction; 1.1 Importance and development of business accountancy; 1.1.1 Limited significance of financial statements; 1.1.2 Special features of the financial sector; 1.2 Composition and structure of financial statements; 1.2.1 Income statement; 1.2.2 Balance sheet; 1.2.3 Cash flow statement; 1.2.4 Statement of changes in equity; 1.2.5 Notes; 2 Key Ratios for Return and Profitability; 2.1 Return on equity; 2.2 Net profit margin; 2.3 EBIT/EBITDA margin; 2.4 Asset turnover; 2.5 Return on assets
2.6 Return on capital employed 2.7 Operating cash flow margin; 3 Ratios for Financial Stability; 3.1 Equity ratio; 3.2 Gearing; 3.3 Dynamic gearing ratio; 3.4 Net debt/EBITDA; 3.5 Capex ratio; 3.6 Asset depreciation ratio; 3.7 Productive asset investment ratio; 3.8 Cash burn rate; 3.9 Current and non-current assets to total assets ratio; 3.10 Equity to fixed assets ratio and equity and long-term liabilities to fixed assets ratio; 3.11 Goodwill ratio; 4 Ratios for Working Capital Management; 4.1 Days sales outstanding and days payables outstanding; 4.2 Cash ratio; 4.3 Quick ratio 4.4 Current ratio/working capital ratio 4.5 Inventory intensity; 4.6 Inventory turnover; 4.7 Cash conversion cycle; 4.8 Ratios for order backlog and order intake; 5 Business Model Analysis; 5.1 Circle of competence; 5.2 Characteristics; 5.3 Framework conditions; 5.4 Information procurement; 5.5 Industry and business analysis; 5.6 SWOT analysis; 5.7 Boston Consulting Group (BCG) analysis; 5.8 Competitive strategy; 5.9 Management; 6 Profit Distribution Policy; 6.1 Dividend; 6.2 Share buyback; 6.3 Conclusion; 7 Valuation Ratios; 7.1 Price-to-earnings ratio; 7.2 Price-to-book ratio 7.3 Price-to-cash flow ratio 7.4 Price-to-sales ratio; 7.5 Enterprise value approach; 7.6 EV/EBITDA; 7.7 EV/EBIT; 7.8 EV/FCF; 7.9 EV/sales; 8 Company Valuation; 8.1 Discounted cash flow model; 8.1.1 Equity approach; 8.1.2 Entity approach; 8.1.3 Adjusted-present-value (APV) approach; 8.1.4 Operating and financial leverage; 8.1.5 Alternative use of DCF models; 8.1.6 DCF case studies; 8.2 Valuation using multiples; 8.2.1 Fair price-to-earnings ratio; 8.2.2 Fair price-to-book ratio; 8.2.3 Fair price-to-sales ratio; 8.2.4 Fair enterprise value-to-EBIT ratio; 8.2.5 Fair EV/sales 8.2.6 Multiple valuation: mathematical background 8.2.7 Liquidation approach/net-asset-value approach; 8.3 Financial statement adjustments; 8.3.1 Pro-forma statements and one-off effects; 8.4 Overview of the valuation methods; 9 Value Investing; 9.1 Margin of safety approach; 9.2 Value investing strategies; 9.2.1 Quality investments; 9.2.2 Cigarbutt investments; 9.2.3 Net-nets/arbitrage; 9.3 The identification of investment opportunities; 9.4 Portfolio management; 9.4.1 Diversification; 9.4.2 Risk; 9.4.3 Cash; 9.5 Buying and selling: investment horizon; 9.5.1 Buying; 9.5.2 Selling 9.6 Conclusion |
| Record Nr. | UNINA-9910139149103321 |
Schmidlin Nicolas
|
||
| Hoboken, : Wiley, 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The Art of Company Valuation and Financial Statement Analysis : A value investor's guide with real-life case studies
| The Art of Company Valuation and Financial Statement Analysis : A value investor's guide with real-life case studies |
| Autore | Schmidlin Nicolas |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Hoboken, : Wiley, 2014 |
| Descrizione fisica | 1 online resource (264 p.) |
| Disciplina |
658.16
658.162 |
| Collana | The Wiley Finance Series |
| Soggetto topico |
Consolidation and merger of corporations
Corporations -- Finance Corporations -- Valuation Investment analysis |
| ISBN |
1-119-20802-5
1-118-84304-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Title Page; Copyright Page; Contents; Acknowledgements; Preface; 1 Introduction; 1.1 Importance and development of business accountancy; 1.1.1 Limited significance of financial statements; 1.1.2 Special features of the financial sector; 1.2 Composition and structure of financial statements; 1.2.1 Income statement; 1.2.2 Balance sheet; 1.2.3 Cash flow statement; 1.2.4 Statement of changes in equity; 1.2.5 Notes; 2 Key Ratios for Return and Profitability; 2.1 Return on equity; 2.2 Net profit margin; 2.3 EBIT/EBITDA margin; 2.4 Asset turnover; 2.5 Return on assets
2.6 Return on capital employed 2.7 Operating cash flow margin; 3 Ratios for Financial Stability; 3.1 Equity ratio; 3.2 Gearing; 3.3 Dynamic gearing ratio; 3.4 Net debt/EBITDA; 3.5 Capex ratio; 3.6 Asset depreciation ratio; 3.7 Productive asset investment ratio; 3.8 Cash burn rate; 3.9 Current and non-current assets to total assets ratio; 3.10 Equity to fixed assets ratio and equity and long-term liabilities to fixed assets ratio; 3.11 Goodwill ratio; 4 Ratios for Working Capital Management; 4.1 Days sales outstanding and days payables outstanding; 4.2 Cash ratio; 4.3 Quick ratio 4.4 Current ratio/working capital ratio 4.5 Inventory intensity; 4.6 Inventory turnover; 4.7 Cash conversion cycle; 4.8 Ratios for order backlog and order intake; 5 Business Model Analysis; 5.1 Circle of competence; 5.2 Characteristics; 5.3 Framework conditions; 5.4 Information procurement; 5.5 Industry and business analysis; 5.6 SWOT analysis; 5.7 Boston Consulting Group (BCG) analysis; 5.8 Competitive strategy; 5.9 Management; 6 Profit Distribution Policy; 6.1 Dividend; 6.2 Share buyback; 6.3 Conclusion; 7 Valuation Ratios; 7.1 Price-to-earnings ratio; 7.2 Price-to-book ratio 7.3 Price-to-cash flow ratio 7.4 Price-to-sales ratio; 7.5 Enterprise value approach; 7.6 EV/EBITDA; 7.7 EV/EBIT; 7.8 EV/FCF; 7.9 EV/sales; 8 Company Valuation; 8.1 Discounted cash flow model; 8.1.1 Equity approach; 8.1.2 Entity approach; 8.1.3 Adjusted-present-value (APV) approach; 8.1.4 Operating and financial leverage; 8.1.5 Alternative use of DCF models; 8.1.6 DCF case studies; 8.2 Valuation using multiples; 8.2.1 Fair price-to-earnings ratio; 8.2.2 Fair price-to-book ratio; 8.2.3 Fair price-to-sales ratio; 8.2.4 Fair enterprise value-to-EBIT ratio; 8.2.5 Fair EV/sales 8.2.6 Multiple valuation: mathematical background 8.2.7 Liquidation approach/net-asset-value approach; 8.3 Financial statement adjustments; 8.3.1 Pro-forma statements and one-off effects; 8.4 Overview of the valuation methods; 9 Value Investing; 9.1 Margin of safety approach; 9.2 Value investing strategies; 9.2.1 Quality investments; 9.2.2 Cigarbutt investments; 9.2.3 Net-nets/arbitrage; 9.3 The identification of investment opportunities; 9.4 Portfolio management; 9.4.1 Diversification; 9.4.2 Risk; 9.4.3 Cash; 9.5 Buying and selling: investment horizon; 9.5.1 Buying; 9.5.2 Selling 9.6 Conclusion |
| Record Nr. | UNINA-9910826390203321 |
|
Schmidlin Nicolas
|
||
| Hoboken, : Wiley, 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Equity Valuation, Risk and Investment [[electronic resource] ] : A Practitioner's Roadmap
| Equity Valuation, Risk and Investment [[electronic resource] ] : A Practitioner's Roadmap |
| Autore | Stimes Peter C |
| Edizione | [1st edition] |
| Pubbl/distr/stampa | Chichester, : Wiley, 2011 |
| Descrizione fisica | 1 online resource (423 p.) |
| Disciplina |
332.63/2
332.632 |
| Collana | Wiley Finance |
| Soggetto topico |
Corporations - Valuation
Corporations -- Valuation Investment analysis Portfolio management Risk Securities - Valuation Securities -- Valuation Financial Management & Planning Finance Business & Economics |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-119-19697-3
1-118-16075-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; Title; Copyright; Dedication; Foreword; Preface; About the Author; Chapter 1: Introduction; Theoretical Precision or Theoretical Resilience?; Practical Difficulties as Well; Overview of Our Analysis; A Quick and Important Note on Mathematical Notation; Chapter 2: Inflation-Protected Bonds as a Valuation Template; Formulas behind the Intuition; TIPS versus Traditional Fixed-Rate Bonds: Measuring the Differences; A Peek Ahead; Chapter 3: Valuing Uncertain, Perpetual Income Streams; Mathematical Development of Unleveraged Firm Valuation
What Does the Valuation Formula Tell Us about Sensitivity to Inflation?Sensitivity to Real Discount Rates and Growth Factors; Comparison with a Traditional Model of Firm Valuation; Chapter 4: Valuing a Leveraged Equity Security; Leverage in the Presence of Corporate Income Taxes; From Theory to Practice; Chapter 4 Supplement: Relationship between Leveraged Equity Discount Rate and Debt-to-Capital Ratio for Highly Leveraged Companies; Chapter 5: Case Studies in Valuation During the Recent Decade; Case 1: Coca-Cola; Case 2: Intel; Case 3: Procter&Gamble Market-Implied, Inflation-Adjusted Discount Rates for Coca-Cola, Intel, and Procter&GambleCase 4: Enron; Tying Up the Package: Practical Lessons from All Four Cases; Chapter 6: Treatment of Mergers and Acquisitions; Generalizing from the P&G/Gillette Example; Applicability of the Results under Alternate Merger Terms; Analytical Postscript 1: Common Stock Buybacks and Issuances Outside the Merger Framework; Analytical Postscript 2: A Word on Executive Stock Option Grants; Chapter 7: A Fair Representation? Broad Sample Testing over a 10-Year Market Cycle; Sample Descriptive Data Basic Valuation ResultsPredictive Strength of the Model for the Whole Period; Predictive Strength of the Model for Subperiods; Chapter 8: Price Volatility and Underlying Causes; Deriving the Formula for Price Changes; Translating the Price Change Formula into Volatility Estimates; Digression: Impact of Debt Leverage on Equity Volatility; Obtaining the Volatility of the Underlying Variables; Chapter 9: Constructing Efficient Portfolios; Extracting Expected Equity Returns from Observed Price/Earnings Ratios: Part I; Extracting Expected Equity Returns from Observed Price/Earnings Ratios: Part II Extracting Expected Equity Returns from Observed Price/Earnings Ratios: Part IIICreating Efficient Portfolios: Unconstrained Case; Creating Efficient Portfolios: Case Where Asset Weights Are Required to Be Nonnegative; Computing the Variance/Covariance Matrix Inputs; Chapter 10: Selecting among Efficient Portfolios and Making Dynamic Rebalancing Adjustments; Reconciling Portfolio Desirability and Feasibility; Turning Theory into Easily Calculated Results; Adjusting for Changes in Long-Term Expected Returns on Common Equity; Adapting to More General Changes in Risk-Adjusted Expected Returns Recapitulation and an Important Caveat |
| Record Nr. | UNINA-9910138907403321 |
|
Stimes Peter C
|
||
| Chichester, : Wiley, 2011 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Equity Valuation, Risk and Investment [[electronic resource] ] : A Practitioner's Roadmap
| Equity Valuation, Risk and Investment [[electronic resource] ] : A Practitioner's Roadmap |
| Autore | Stimes Peter C |
| Edizione | [1st edition] |
| Pubbl/distr/stampa | Chichester, : Wiley, 2011 |
| Descrizione fisica | 1 online resource (423 p.) |
| Disciplina |
332.63/2
332.632 |
| Collana | Wiley Finance |
| Soggetto topico |
Corporations - Valuation
Corporations -- Valuation Investment analysis Portfolio management Risk Securities - Valuation Securities -- Valuation Financial Management & Planning Finance Business & Economics |
| ISBN |
1-119-19697-3
1-118-16075-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; Title; Copyright; Dedication; Foreword; Preface; About the Author; Chapter 1: Introduction; Theoretical Precision or Theoretical Resilience?; Practical Difficulties as Well; Overview of Our Analysis; A Quick and Important Note on Mathematical Notation; Chapter 2: Inflation-Protected Bonds as a Valuation Template; Formulas behind the Intuition; TIPS versus Traditional Fixed-Rate Bonds: Measuring the Differences; A Peek Ahead; Chapter 3: Valuing Uncertain, Perpetual Income Streams; Mathematical Development of Unleveraged Firm Valuation
What Does the Valuation Formula Tell Us about Sensitivity to Inflation?Sensitivity to Real Discount Rates and Growth Factors; Comparison with a Traditional Model of Firm Valuation; Chapter 4: Valuing a Leveraged Equity Security; Leverage in the Presence of Corporate Income Taxes; From Theory to Practice; Chapter 4 Supplement: Relationship between Leveraged Equity Discount Rate and Debt-to-Capital Ratio for Highly Leveraged Companies; Chapter 5: Case Studies in Valuation During the Recent Decade; Case 1: Coca-Cola; Case 2: Intel; Case 3: Procter&Gamble Market-Implied, Inflation-Adjusted Discount Rates for Coca-Cola, Intel, and Procter&GambleCase 4: Enron; Tying Up the Package: Practical Lessons from All Four Cases; Chapter 6: Treatment of Mergers and Acquisitions; Generalizing from the P&G/Gillette Example; Applicability of the Results under Alternate Merger Terms; Analytical Postscript 1: Common Stock Buybacks and Issuances Outside the Merger Framework; Analytical Postscript 2: A Word on Executive Stock Option Grants; Chapter 7: A Fair Representation? Broad Sample Testing over a 10-Year Market Cycle; Sample Descriptive Data Basic Valuation ResultsPredictive Strength of the Model for the Whole Period; Predictive Strength of the Model for Subperiods; Chapter 8: Price Volatility and Underlying Causes; Deriving the Formula for Price Changes; Translating the Price Change Formula into Volatility Estimates; Digression: Impact of Debt Leverage on Equity Volatility; Obtaining the Volatility of the Underlying Variables; Chapter 9: Constructing Efficient Portfolios; Extracting Expected Equity Returns from Observed Price/Earnings Ratios: Part I; Extracting Expected Equity Returns from Observed Price/Earnings Ratios: Part II Extracting Expected Equity Returns from Observed Price/Earnings Ratios: Part IIICreating Efficient Portfolios: Unconstrained Case; Creating Efficient Portfolios: Case Where Asset Weights Are Required to Be Nonnegative; Computing the Variance/Covariance Matrix Inputs; Chapter 10: Selecting among Efficient Portfolios and Making Dynamic Rebalancing Adjustments; Reconciling Portfolio Desirability and Feasibility; Turning Theory into Easily Calculated Results; Adjusting for Changes in Long-Term Expected Returns on Common Equity; Adapting to More General Changes in Risk-Adjusted Expected Returns Recapitulation and an Important Caveat |
| Record Nr. | UNINA-9910829830603321 |
|
Stimes Peter C
|
||
| Chichester, : Wiley, 2011 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Financial Techniques for Business Acquisitions and Disposals - 1998 Update [[electronic resource]]
| Financial Techniques for Business Acquisitions and Disposals - 1998 Update [[electronic resource]] |
| Autore | Smith Ian |
| Pubbl/distr/stampa | London, : Thorogood Publishing, 1998 |
| Descrizione fisica | 1 online resource (90 p.) |
| Disciplina | 332.63221 |
| Soggetto topico |
Corporations -- Valuation
Intellectual capital -- Valuation Portfolio management |
| ISBN |
1-280-23302-8
9786610233021 1-85418-525-X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Contents; Introduction; 1 The Acquisition Process; 2 The Disposal Process; 3 Site Visits and Information to be Gathered; 4 Commercial Rationale (the Basis of Value) and Sustainable Profits; 5 Valuation Techniques: Tools of the Trade; 6 General Guidance; 7 Earn-out Deals; 8 Negotiation Key Features; 9 Heads of Agreement; 10 Guidance on Each Stage of the Process; 11 The Structure of a Management Buy-out |
| Record Nr. | UNISA-996217123203316 |
|
Smith Ian
|
||
| London, : Thorogood Publishing, 1998 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. di Salerno | ||
| ||
Financial Techniques for Business Acquisitions and Disposals - 1998 Update [[electronic resource]]
| Financial Techniques for Business Acquisitions and Disposals - 1998 Update [[electronic resource]] |
| Autore | Smith Ian |
| Pubbl/distr/stampa | London, : Thorogood Publishing, 1998 |
| Descrizione fisica | 1 online resource (90 p.) |
| Disciplina | 332.63221 |
| Soggetto topico |
Corporations -- Valuation
Intellectual capital -- Valuation Portfolio management |
| ISBN |
1-280-23302-8
9786610233021 1-85418-525-X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Contents; Introduction; 1 The Acquisition Process; 2 The Disposal Process; 3 Site Visits and Information to be Gathered; 4 Commercial Rationale (the Basis of Value) and Sustainable Profits; 5 Valuation Techniques: Tools of the Trade; 6 General Guidance; 7 Earn-out Deals; 8 Negotiation Key Features; 9 Heads of Agreement; 10 Guidance on Each Stage of the Process; 11 The Structure of a Management Buy-out |
| Record Nr. | UNINA-9910679886903321 |
|
Smith Ian
|
||
| London, : Thorogood Publishing, 1998 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Valuation [[electronic resource] ] : The Market Approach
| Valuation [[electronic resource] ] : The Market Approach |
| Autore | Bernstrom Seth |
| Pubbl/distr/stampa | Hoboken : , : Wiley, , 2014 |
| Descrizione fisica | 1 online resource (216 p.) |
| Disciplina |
332.63
332.63221 |
| Collana |
The Wiley Finance Series
THEi Wiley ebooks |
| Soggetto topico |
Corporations -- Valuation
Investment analysis Stocks -- Prices |
| ISBN |
1-118-90388-9
1-118-90389-7 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Title Page; Copyright Page; Contents; Acknowledgments; Introduction; 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 Multiples11 Summary and Concluding Remarks; 12 Epilog; Appendix: Brief Derivation of the Respective Value Multiple's Individual Value Drivers; Index |
| Record Nr. | UNINA-9910139149603321 |
|
Bernstrom Seth
|
||
| Hoboken : , : Wiley, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Valuation : The Market Approach
| Valuation : The Market Approach |
| Autore | Bernstrom Seth |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Hoboken : , : Wiley, , 2014 |
| Descrizione fisica | 1 online resource (216 p.) |
| Disciplina |
332.63
332.63221 |
| Collana |
The Wiley Finance Series
THEi Wiley ebooks |
| Soggetto topico |
Corporations -- Valuation
Investment analysis Stocks -- Prices |
| ISBN |
1-118-90388-9
1-118-90389-7 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Title Page; Copyright Page; Contents; Acknowledgments; Introduction; 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 Multiples11 Summary and Concluding Remarks; 12 Epilog; Appendix: Brief Derivation of the Respective Value Multiple's Individual Value Drivers; Index |
| Record Nr. | UNINA-9910816797103321 |
|
Bernstrom Seth
|
||
| Hoboken : , : Wiley, , 2014 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
