Damodaran on Valuation: Security Analysis for Investment and Corporate Finance / Edition 2

Damodaran on Valuation: Security Analysis for Investment and Corporate Finance / Edition 2

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by Aswath Damodaran
     
 

ISBN-10: 0471751219

ISBN-13: 9780471751212

Pub. Date: 08/04/2006

Publisher: Wiley

The ability to value any asset is an essential skill in a wide variety of professional environments, from corporate finance to portfolio management to strategy. And while the reasons for doing valuation are as wide-ranging and varied as business itself, the fundamental precepts underlying valuation are surprisingly similar in both form and function.

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Overview

The ability to value any asset is an essential skill in a wide variety of professional environments, from corporate finance to portfolio management to strategy. And while the reasons for doing valuation are as wide-ranging and varied as business itself, the fundamental precepts underlying valuation are surprisingly similar in both form and function.

Damodaran on Valuation, Second Edition provides you with today's most straightforward and comprehensive examination of the approaches and models necessary for performing valuations. Written by renowned teacher, author, and valuation authority Aswath Damodaran, and fully revised and updated from its top-selling first edition—which has become the essential reference for any professional needing accurate and reliable valuation information—this invaluable book now provides you with:

  • In-depth coverage of different distinct valuation approaches and key models within each
  • Techniques for accurately assessing the effect on value of employee stock options and other equity-based compensation
  • Methodologies for using valuation models to value intangible assets—patents, copyrights, trademarks, licenses, brand names, and more
  • Sound strategies for identifying and measuring the value of control in any business and why the expected value of control plays a role in many different valuation contexts
  • Discussion of how liquidity—or, more accurately, illiquidity—affects value, along with ways to measure this impact on value
  • Potential sources of the ever-elusive "synergy" when combining two entities, how best to value each type of synergy, and an examination of why firms so often overpay for synergy
  • Techniques for measuring the costs of accounting opacity and business complexity, and accurately discounting the value of complex firms to promote transparency at every level
  • A commonsense framework you can use to sift through numerous possible valuation models to determine the best model for your valuation task

For more than a decade, Damodaran on Valuation has been the standard valuation reference for professionals in virtually everyfield. Business realities have changed dramatically over that time, but the principles underlying valuation have not. Let this comprehensively revised and updated edition give you the knowledge and tools you need to address today's increasingly complex—and uncompromising—corporate and investment valuation environment.

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Product Details

ISBN-13:
9780471751212
Publisher:
Wiley
Publication date:
08/04/2006
Series:
Wiley Finance Series, #324
Edition description:
Revised Edition
Pages:
696
Sales rank:
495,191
Product dimensions:
7.32(w) x 10.06(h) x 1.54(d)

Table of Contents

Preface.

Chapter 1: Introduction to Valuation.

Introduction to Chapters 2-6: Discounted Cashflow Valuation.

Chapter 2: Estimating Discount Rates.

Chapter 3: Measuring Cash Flows.

Chapter 4: Forecasting Cash Flows.

Chapter 5: Equity Discounted Cash Flow Models.

Chapter 6: Firm Valuation Models.

Introduction to Chapters 7-9: Relative Valuation.

Chapter 7: Relative Valuation: First Principles.

Chapter 8: Equity Multiples.

Chapter 9: Value Multiples.

Introduction to Chapters 10-17: Loose Ends in Valuation.

Chapter 10: Cash, Cross Holdings and Other Assets.

Chapter 11: Employee Equity Options and Compensation.

Chapter 12: The Value of Intangibles.

Chapter 13: The Value of Control.

Chapter 14: The Value of Liquidity.

Chapter 15: The Value of Synergy.

Chapter 16: The Value of Transparency.

Chapter 17: The Cost of Distress.

Chapter 18: Closing Thoughts.

Index.

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Damodaran on Valuation: Security Analysis for Investment and Corporate Finance 1 out of 5 based on 0 ratings. 1 reviews.
marketinvestor2 More than 1 year ago
The book is tailored totally for the academic market, which often ignores the reality on Wall Street. The wirter is a professor and it shows.