ESCP Europe

Item type

Book

Language

English

Publication year

2005

Edition no.

4th ed.

ISBN

0-471-70221-8

"This text offers insights into how to measure, manage and maximize a company's value. This fourth edition has been completely updated and expanded in order to reflect the volatile business environment in today's global economy" - by Worldcat.

PART ONE: FOUNDATIONS OF VALUE --- 1. Why maximize value? --- 2. The value manager --- 3. Fundamental principles of value creation --- 4. Do fundamentals really drive the stock market? ---PART TWO: CORE VALUATION TECHNIQUES --- 5. Frameworks for valuation --- 6. Thinking about return on invested capital and growth --- 7. Analyzing historical performance --- 8. Forecasting performance --- 9. Estimating continuing value --- 10. Estimating the cost of capital --- 11. Calculating and interpreting results --- 12. Using multiples for valuation --- PART THREE: MAKING VALUE HAPPEN --- 13. Performance measurement --- 14. Performance management --- 15. Creating value through mergers and acquisitions --- 16. Creating value through divestitures --- 17. Capital structure --- 18. Investor communications --- PART FOUR: ADVANCED VALUATION ISSUES --- 19. Valuing multibusiness companies --- 20. Valuing flexibility --- 21. Cross-border valuation --- 22. Valuation in emerging markets --- 23. Valuing high-growth companies --- 24. Valuing cyclical companies --- 25. Valuing financial institutions --- Appendix A: Economic profit and the key value driver formula ---Appendix B: Discounted economic profit equals discounted free cash flow --- Appendix C: Adjusted present value equals discounted free cash flow --- Appendix D: Levering and unlevering the cost of equity --- Appendix E: Leverage and the price-earnings multiple..