Damodaran on Valuation: Security Analysis for Investment and Corporate Finance - Couverture rigide

Damodaran, Aswath

 
9780471304654: Damodaran on Valuation: Security Analysis for Investment and Corporate Finance
Couverture rigide
ISBN 10 : 0471304654 ISBN 13 : 9780471304654
Editeur : John Wiley & Sons Inc, 1994

Synopsis

Damondaran on Valuation will not only convince you of the vitality of the many valuation models available to you, it will help ensure that you develop the acumen needed to select the right model for any valuation scenario. Written by a gifted teacher and respected valuation authority, Damodaran on Valuation offers systematic examination of the three basic approaches to valuation - discounted cash-flow valuation, relative valuation, and contingent claim valuation - and the various models within these broad categories. Using numerous real-world examples involving both US and International firms, the book illuminates the purpose of each particular model, its advantages and limitatations, the step-by-step process involved in putting the model to work, and the kinds of firms to which it is best applied. Among the tools presented are designed to: Estimate the cost of equity - including the capital asset pricing model and arbitrage pricing model Estimate growth rates - with coverage of how to arrive at a weighted average of growth rates by blending three separate approaches Value equity - focusing on the Gordon Growth Model and the two-and three-stage dividend discount model Measure free cash flow to equity - cash flows that are carefully delineated from the dividends of most firms Value firms - including free cash flow to firm models, which are especially suited to highly leveraged firms Estimate the value of assets by looking at the pricing of comparable assets - with insight into the use and misuse of price/earning and price/book value ratios, and underutilized price-to-sales ratios Measure the value of assets that share option characteristics - including a comparative look at the classic Black-Scholes and simpler binomial models. Supported by an optional IBM-compatible disk, which consists of spreadsheet programs designed to help users apply the models highlighted in the book, Damodaran on Valuation provides practitioners involved in securities analysis, portfolio management, M&A, and corporate finance with the knowledge they need to value any asset.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Damondaran on Valuation will not only convince you of the vitality of the many valuation models available to you, it will help ensure that you develop the acumen needed to select the right model for any valuation scenario.

Written by a gifted teacher and respected valuation authority, Damodaran on Valuation offers systematic examination of the three basic approaches to valuation – discounted cash–flow valuation, relative valuation, and contingent claim valuation – and the various models within these broad categories.

Using numerous real–world examples involving both US and International firms, the book illuminates the purpose of each particular model, its advantages and limitatations, the step–by–step process involved in putting the model to work, and the kinds of firms to which it is best applied. Among the tools presented are designed to:
∗ Estimate the cost of equity – including the capital asset pricing model and arbitrage pricing model
∗ Estimate growth rates – with coverage of how to arrive at a weighted average of growth rates by blending three separate approaches
∗ Value equity – focusing on the Gordon Growth Model and the two–and three–stage dividend discount model
∗ Measure free cash flow to equity – cash flows that are carefully delineated from the dividends of most firms
∗ Value firms – including free cash flow to firm models, which are especially suited to highly leveraged firms
∗ Estimate the value of assets by looking at the pricing of comparable assets – with insight into the use and misuse of price/earning and price/book value ratios, and underutilized price–to–sales ratios
∗ Measure the value of assets that share option characteristics – including a comparative look at the classic Black–Scholes and simpler binomial models.

Supported by an optional IBM–compatible disk, which consists of spreadsheet programs designed to help users apply the models highlighted in the book, Damodaran on Valuation provides practitioners involved in securities analysis, portfolio management, M&A, and corporate finance with the knowledge they need to value any asset.

Quatrième de couverture

Pick the right model for the right moment every time. Whatever your investment philosophy and goals, you′ve probably had trouble at one time or another in measuring the value of a particular asset. Maybe you′ve been wary of the effectiveness of all the valuation models out there and relied on the "guesstimate" approach or simply picked the wrong model for the asset under consideration. Whatever past problems you may have encountered, Damodaran on Valuation will not only convince you of the vitality of the many valuation models available to you, it will help ensure that you develop the acumen needed to select the right model for any valuation scenario. Written by a gifted teacher and respected valuation authority, Damodaran on Valuation offers an overview of the three basic valuation approaches–discounted cash flow, relative, and contingent claim valuation–and the models within these classes. Using plenty of real–world case studies, it explains the purpose of each model, its pros and cons, the steps involved in applying it, and the types of firms to which it is most suited. Soon, you′ll have a solid, practical grasp of tools designed to help you estimate the cost of equity, estimate growth rates, value equity, measure free cash flows to equity, value firms, estimate the value of assets via pricing of comparable assets, and measure the value of assets with option–like characteristics. No model is foolproof. And every valuation is vulnerable to changes in the environment, the economy, and the asset itself. But with Damodaran on Valuation at your side, you can be certain that you′ll have every weapon at your disposal in the battle to accurately determine the value of an asset and to make the right financial decisions under pressure.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
John Wiley & Sons Inc
Date d'édition
1994
Langue
anglais
ISBN 10 
0471304654
ISBN 13 
9780471304654
Reliure
Relié
Nombre de pages
464
Coordonnées du fabricant
non disponible
Personne responsable
non disponible

Autres éditions populaires du même titre

9780471108979: Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, Study Guide: Security Analysis for Investment and Corporate Finance (Wiley Professional Banking and Finance)

Edition présentée

ISBN 10 :  0471108979 ISBN 13 :  9780471108979
Editeur : Wiley, 1994
Couverture souple