
Investment Valuation, University Edition
Tools and Techniques for Determining the Value of any Asset
- 1,134 pages
- English
- PDF
- Available on iOS & Android
Investment Valuation, University Edition
Tools and Techniques for Determining the Value of any Asset
About this book
Updated edition of the definitive guide to investment valuation tools and techniques
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset delves into valuation techniques for a variety of different asset classes, including real options, start-up firms, unconventional assets, distressed companies and private equity, real estate, and many more, and explains how to choose the right model for any given asset valuation scenario. The models are presented with real-world examples so as to capture some of the problems inherent in applying these models, with discussion of differences and common elements between the models to provide readers with a holistic understanding of the subject matter.
Written by a professor of finance who is widely regarded as one of the best educators and thinkers on the topic of investment valuation, this newly revised and updated Fourth Edition explores topics including:
- Understanding financial statements, the basics of risk, and tests and evidence for market efficiency
- Estimating risk parameters and costs of financing, terminal value, and equity value per share
- Using scenario analysis, decision trees, and simulations for probabilistic approaches in valuation
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset is an essential resource for all investors and students of financial markets seeking an all-in-one guide to expand their valuation knowledge and make better investment decisions.
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Information
Table of contents
- Cover
- Half Title Page
- Title Page
- Copyright
- Contents
- Preface
- Chapter 1: Introduction to Valuation
- Chapter 2: Approaches to Valuation
- Chapter 3: Understanding Financial Statements
- Chapter 4: The Basics of Risk
- Chapter 5: Option Pricing Theory and Models
- Chapter 6: Market Efficiency—Definition, Tests, and Evidence
- Chapter 7: Riskless Rates and Risk Premiums
- Chapter 8: Estimating Risk Parameters and Costs of Financing
- Chapter 9: Measuring Earnings
- Chapter 10: From Earnings To Cash Flows
- Chapter 11: Estimating Growth
- Chapter 12: Closure in Valuation: Estimating Terminal Value
- Chapter 13: Narrative and Numbers – Story to Value
- Chapter 14: Equity Intrinsic Value Models
- Chapter 15: Firm Valuation: Cost of Capital and Adjusted Present Value Approaches
- Chapter 16: Estimating Equity Value per Share
- Chapter 17: Fundamental Principles of Relative Valuation
- Chapter 18: Earnings Multiples
- Chapter 19: Book Value Multiples
- Chapter 20: Revenue Multiples and Sector-Specific Multiples
- Chapter 21: Valuing Financial Service Firms
- Chapter 22: Valuing Money-Losing Firms
- Chapter 23: Valuing Young or Start-Up Firms
- Chapter 24: Valuing Private Firms
- Chapter 25: Acquisitions and Takeovers
- Chapter 26: Valuing Real Estate
- Chapter 27: Valuing Other Assets
- Chapter 28: The Option to Delay and Valuation Implications
- Chapter 29: The Options to Expand and to Abandon: Valuation Implications
- Chapter 30: Valuing Equity in Distressed Firms
- Chapter 31: Value Enhancement: A Discounted Cash Flow Valuation Framework
- Chapter 32: Value Enhancement: Economic Value Added, Cash Flow Return on Investment, and Other Tools
- Chapter 33: Probabilistic Approaches in Valuation: Scenario Analysis, Decision Trees, and Simulations
- Chapter 34: Overview and Conclusion
- References
- Index
- EULA