Search Ebook here:


Valuation Methods and Shareholder Value Creation



image

Author: Pablo Fernandez

Publisher: Academic Press

Publish Date: 30th August 2002

ISBN-13: 9780080520377

Pages: 631

Language: English

readbooks

Description

Valuation Methods and Shareholder Value Creation provides a comprehensive examination of valuation tools and guidance for analyzing and valuing a business.It covers the basics of valuation methods and shareholder value creation in addition to rigorous approaches to discounted cash flow valuation and real options for valuing a company. It highlights quantitative analyses of firm value; emphasizes qualitative management assessments; and integrates data from international companies.By examining eight different methods of discounted cash flow valuation and discussing the pros and cons of each method, the book offers thorough, accessible coverage of corporate valuation.The book provides well-structured guidance for practitioners and MBA students with a background in finance.

Table of Contents

Basic Concepts; Company Valuation Methods; Price-Earnings Ratio, Profitability, Cost of Capital, and Growth; Splitting the Price-Earnings Ratio: Franchise, Growth, Interest, and Risk Factors; Market Value and Book Value; Dividends and Market Value; Interest Rates; Valuation Using Multiples; Cash Flow and Net Income; Inflation and Value; Cost of Equity; Valuations of Internet Companies; Proposed Measures of Value Creation, Economic Profit, MVA, CVA, CFROI, and TSR; EVA, Economic Profit, and Cash Value Added do not Measure Shareholder Value Creation; The RJR Nabisco Valuation; Valuation and Value Creation in Internet-Related Companies; Discounted Cash Flow Valuation Methods; Optimal Capital Structure; Financial Literature about Discounted Cash Flow Valuation; Application of the Different Theories to RJR Nabisco; Eight Methods and Seven Theories for Valuing Companies by Cash Flow Discounting; Real Options; Valuation of Brands and Intangibles; Appendix A: Capital Asset Pricing Model (CAPM).