Cantitate/Preț
Produs

Valuation – Measuring and Managing the Value of Companies, Seventh Edition: Wiley Finance

Autor McKinsey & Company
en Limba Engleză Hardback – 5 aug 2020

Valuation has been the foremost resource for measuring company value for nearly three decades. Now in its seventh edition, this acclaimed volume continues to help financial professionals around the world gain a deep understanding of valuation and help their companies create, manage, and maximize economic value for their shareholders.

This latest edition has been carefully revised and updated throughout, and includes new insights on topics such as digital, ESG (environmental, social and governance), and long-term investing, as well as fresh case studies.  

Clear, accessible chapters cover the fundamental principles of value creation, analyzing and forecasting performance, capital structure and dividends, valuing high-growth companies, and much more. The Financial Times calls the book “one of the practitioners’ best guides to valuation.” 

This book: 

  • Provides complete, detailed guidance on every crucial aspect of corporate valuation
  • Explains the strategies, techniques, and nuances of valuation every manager needs to know
  • Covers both core and advanced valuation techniques and management strategies
  • Features/Includes a companion website that covers key issues in valuation, including videos, discussions of trending topics, and real-world valuation examples from the capital markets

For over 90 years, McKinsey & Company has helped corporations and organizations make substantial and lasting improvements in their performance. Through seven editions and 30 years, Valuation: Measuring and Managing the Value of Companies, has served as the definitive reference for finance professionals, including investment bankers, financial analysts, CFOs and corporate managers, venture capitalists, and students and instructors in all areas of finance.

Citește tot Restrânge

Din seria Wiley Finance

Preț: 55775 lei

Preț vechi: 68018 lei
-18% Nou

Puncte Express: 837

Preț estimativ în valută:
10675 11261$ 8896£

Carte disponibilă

Livrare economică 12-26 decembrie
Livrare express 27 noiembrie-03 decembrie pentru 7414 lei

Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9781119610885
ISBN-10: 1119610885
Pagini: 896
Dimensiuni: 179 x 271 x 39 mm
Greutate: 1.66 kg
Ediția:7th Edition
Editura: Wiley
Seria Wiley Finance

Locul publicării:Hoboken, United States

Notă biografică

TIM KOLLER is a partner in McKinsey's Stamford, Connecticut office, where he leads a global team of corporate-finance expert consultants. Tim has served clients globally on corporate strategy and capital markets, mergers and acquisitions transactions, and strategic planning and resource allocation. MARC GOEDHART is a senior expert in McKinsey's Amsterdam office and endowed professor of corporate valuation at Rotterdam School of Management, Erasmus University (RSM). DAVID WESSELS is an adjunct professor of finance at the Wharton School of the University of Pennsylvania. He was named by Bloomberg Businessweek as one of America's top business school instructors. MCKINSEY & COMPANY is a global management-consulting firm that serves leading global organizations across a wide range of industries and functions, helping them create change that matters.


Cuprins

About the Authors ix Preface xi Acknowledgments xv Part One Foundations of Value 1 Why Value Value? 3 2 Finance in a Nutshell 17 3 Fundamental Principles of Value Creation 27 4 Risk and the Cost of Capital 55 5 The Alchemy of Stock Market Performance 69 6 Valuation of ESG and Digital Initiatives 83 7 The Stock Market is Smarter Than You Think 99 8 Return on Invested Capital 127 9 Growth 155 Part Two Core Valuation Techniques 10 Frameworks for Valuation 177 11 Reorganizing the Financial Statements 205 12 Analyzing Performance 239 13 Forecasting Performance 259 14 Estimating Continuing Value 285 15 Estimating the Cost of Capital 305 16 Moving from Enterprise Value to Value per Share 335 17 Analyzing the Results 357 18 Using Multiples 367 19 Valuation by Parts 391 Part Three Advanced Valuation Techniques 20 Taxes 413 21 Nonoperating Items, Provisions, and Reserves 427 22 Leases 443 23 Retirement Obligations 457 24 Measuring Performance in Capital-Light Businesses 467 25 Alternative Ways to Measure Return on Capital 483 26 Inflation 493 27 Cross-Border Valuation 507 Part Four Managing for Value 28 Corporate Portfolio Strategy 527 29 Strategic Management: Analytics 547 30 Strategic Management: Mindsets and Behaviors 571 31 Mergers and Acquisitions 585 32 Divestitures 613 33 Capital Structure, Dividends, and Share Repurchases 633 34 Investor Communications 667 Part Five Special Situations 35 Emerging Markets 691 36 High-Growth Companies 709 37 Cyclical Companies 725 38 Banks 733 39 Flexibility 759 Appendix A Discounted Economic Profit Equals Discounted Free Cash Flow 793 Appendix B Derivation of Free Cash Flow, Weighted Average Cost of Capital, and Adjusted Present Value 799 Appendix C Levering and Unlevering the Cost of Equity 805 Appendix D Leverage and the Price-to-Earnings Multiple 813 Appendix E Other Capital Structure Issues 817 Appendix F Technical Issues in Estimating the Market Risk Premium 823 Appendix G Global, International, and Local CAPM 827 Appendix H A Valuation of Costco Wholesale 835 Appendix I Two-Stage Formula for Continuing Value 859 Index 861