Valuation: Measuring and Managing the Value of Companies (Wiley Finance)

Description: About this productProduct InformationPraise for Previous Editions The #1 guide to corporate valuation is back . . . and better than ever! "The best valuation book just got better. This editions greater emphasis on what drives value and how to measure it will improve the way practitioners conduct financial analysis and, ultimately, make strategic decisions. It is required reading for all executives." Professor Benjamin C. Esty, Harvard Business School, author of Modern Project Finance: A Casebook "The bible in its field. Anyone wanting to understand what drives corporate value should read this latest edition." Dr. Raymund Breu, retired Chief Financial Officer, Novartis AG "A how-to guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies." New York Times "The books clarity and comprehensive coverage make it one of the best practitioners guides to valuation." Financial Times Also available from McKinseys suite of Valuation, Sixth Edition products: Valuation DCF Model Download : is available as a download (978-1-118-87374-8) on www.wiley.com. It is also available via flatpack (978-1-118-87366-3) at online bookstores. This interactive version of McKinseys DCF Valuation model allows readers to conduct, with the guidance of McKinseys valuation techniques, their own valuation analysis of companies. Valuation Workbook, Sixth Edition : Part of McKinseys esteemed Valuation approach, this companion workbook (978-1-118-87387-8) is a must-have guide to reviewing and applying the valuation concepts and techniques discussed in Valuation, Sixth Edition . Value: The Four Cornerstones of Corporate Finance (978-0-470-42460-5) offers an executive overview of the core concepts of corporate finance and their ties to value. Intended for managers and students, this accessible guide offers a solid foundation to valuation.Product IdentifiersPublisherWiley & Sons, Incorporated, JohnISBN-10111887370xISBN-139781118873700eBay Product ID (ePID)5038758182Product Key FeaturesAuthorTim Koller, Mckinsey and Company Inc. Staff, Franziska Manoury, David Wessels, Marc GoedhartPublication NameValuation : Measuring and Managing the Value of Companies, + WebsiteFormatHardcoverLanguageEnglishPublication Year2015SeriesWiley Finance Ser.TypeTextbookNumber of Pages848 PagesDimensionsItem Length10.2in.Item Height1.3in.Item Width7.1in.Item Weight47.3 OzAdditional Product FeaturesLc Classification NumberHg4028.V3Edition Number6Table of ContentAbout the Authors ix Preface xi Acknowledgments xv Part One Foundations of Value 1 Why Value Value? 3 2 Fundamental Principles of Value Creation 17 3 Conservation of Value and the Role of Risk 35 4 The Alchemy of Stock Market Performance 49 5 The Stock Market Is Smarter Than You Think 65 6 Return on Invested Capital 93 7 Growth 115 Part Two Core Valuation Techniques 8 Frameworks for Valuation 135 9 Reorganizing the Financial Statements 165 10 Analyzing Performance 201 11 Forecasting Performance 221 12 Estimating Continuing Value 247 13 Estimating the Cost of Capital 269 14 Moving from Enterprise Value to Value per Share 301 15 Analyzing the Results 321 16 Using Multiples 331 17 Valuation by Parts 353 Part Three Advanced Valuation Techniques 18 Taxes 373 19 Nonoperating Items, Provisions, and Reserves 387 20 Leases and Retirement Obligations 405 21 Alternative Ways to Measure Return on Capital 423 22 Inflation 445 23 Cross-Border Valuation 459 24 Case Study: Heineken 481 Part Four Managing for Value 25 Corporate Portfolio Strategy 525 26 Performance Management 543 27 Mergers and Acquisitions 565 28 Divestitures 593 29 Capital Structure, Dividends, and Share Repurchases 611 30 Investor Communications 643 Part Five Special Situations 31 Emerging Markets 667 32 Valuing High-Growth Companies 691 33 Cyclical Companies 705 34 Banks 713 35 Flexibility 741 Appendix A Discounted Economic Profit Equals Discounted Free Cash Flow 775 Appendix B Derivation of Free Cash Flow, Weighted Average Cost of Capital, and Adjusted Present Value 781 Appendix C Levering and Unlevering the Cost of Equity 787 Appendix D Leverage and the Price-to-Earnings Multiple 795 Appendix E Other Capital Structure Issues 799 Appendix F Technical Issues in Estimating the Market Risk Premium 805 Index 809Copyright Date2015Target AudienceScholarly & ProfessionalTopicCorporate Finance / ValuationLccn2017-394421Dewey Decimal658.1/5Dewey Edition23IllustratedYesGenreBusiness & Economics

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