Principles of Cash Flow Valuation: An Integrated Market-Based Approach - Couverture rigide

Livre 2 sur 23: Academic Press Advanced Finance

Tham, Joseph; Velez-Pareja, Ignacio

 
9780126860405: Principles of Cash Flow Valuation: An Integrated Market-Based Approach

Synopsis

Principles of Cash Flow Valuation is the only book available that focuses exclusively on cash flow valuation. This text provides a comprehensive and practical, market-based framework for the valuation of finite cash flows derived from a set of integrated financial statements, namely, the income statement, balance sheet, and cash budget. The authors have distilled the essence of years of gathering academic wisdom in the study of cash flow analysis and the cost of capital. Their work should go a long way toward bridging the gap between the application of cost benefit analysis and the theory of capital budgeting. This book covers the basic concepts in market-based cash flow valuation. Topics include the tme value of money (TVM) and an introduction to cost of capital; basic review of financial statements and accounting concepts; construction of integrated pro-forma financial statements; derivation of free cash flows; use of the WACC in theory and in practice; estimating the WACC for non traded firms; calculating the terminal value beyond the planning period. It also revisits the theory for cost of capital and explains how cash flows are valued in reality. The ideas are illustrated using examples and a case study. The presentation is appropriate for a range of technical backgrounds. This text will be of interest to finance professionals as well as MBA and other graduate students in finance.

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À propos de l?auteur

By Joseph Tham and Dr. Ignacio Vélez-Pareja

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Autres éditions populaires du même titre

9781493302048: Principles of Cash Flow Valuation: An Integrated Market-Based Approach

Edition présentée

ISBN 10 :  1493302043 ISBN 13 :  9781493302048
Editeur : Academic Press, 2014
Couverture souple