July 2009
Intermediate to advanced
600 pages
19h 50m
English
book
The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Second Edition
by Aswath Damodaran
Content preview from The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Second Edition
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The Light Side of Valuation
While growth companies raise thorny estimation problems, we can navigate our way through them to arrive at values for these firms that are less likely to be contaminated by internal inconsistencies. This section describes the steps to follow in discounted cash flow and relative valuations of growth companies.
Discounted Cash Flow Valuation
The objective in discounted cash flow valuation is to arrive at reasonable estimates of the cash flows and discount rates. Therefore, the following sections describe some of the considerations that should enter into the process when we value growth companies.
Choice of Model
Chapter 2 described the choices we face with discounted cash flow models. We can either value the entire ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.