The Valuation Handbook: Valuation Techniques from Today's Top Practitioners

Table of Contents

 

Title Page

Copyright Page

Dedication

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

 

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 WAY

INCENTIVE 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 IDENTIFIES 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 Valuation

 

CHOICE 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 ...