Valuation, 7th Edition

Index

• Accelerated depreciation, 421
• Accounting:
  • changes and irregularities in, 251–253
  • financial institutions (see Banks)
  • goodwill amortization, 607
  • mergers and acquisitions (M&A), 607–609
  • statements (see Financial statements)
• Accounting standards. See Generally Accepted Accounting Principles (GAAP)
• Acquired intangibles, 422
• Acquisitions, 46–48. See also Mergers and acquisitions (M&A)
  • bolt-on, 162
  • and conservation of value, 46–48
  • in corporate portfolio strategy, 535–537
  • effect on free cash flow, 239–231
  • effect on ROIC, 152
  • revenue growth through, 162–163
• Active share, 673
• Adjusted present value (APV) model, 177–178, 195–196, 802–803
  • tax shields, 198–199
  • unlevered cost of equity, 196–198
• Aggressive growth formula, 300
• Ainslie, Lee, 672
• Alphabet (Google), 11, 109, 140–141
• Amazon, 109, 128, 137, 141, 160, 161–162, 163, 387, 388, 391, 678
• Amazon Web Services (AWS), 532
• Analysts, sell-side, 675
• Analyzing performance. See Historical performance analysis
• Anders, William A., 535
• Annual operating plan (AOP), 581–582
• Apple, 132, 140, 147, 477, 558, 596
• Arbitrage pricing model, 323–324
• Aspen Institute Business and Society Program, 676, 683
• Asset-based valuations, 302
• Asset health metrics, 558
• Asset optimization, in ESG, 89–90
• Assets
  • gains and losses on sales of, 435
  • traded vs. untraded, 778
• AT&T, 618
• Automation, 94, 96, 140
• Aventis, 536

• Balance sheet, 205, 206–207, 211, 273–276, 458–459. See also Income statements
• Banks, 733–758
  • digital initiatives, 91–92
  • economics of banking, ...