A Pragmatic Look at Valuation (Collection)

A Pragmatic Look at Valuation (Collection)
Author: Barbara S. Petitt
Publisher: FT Press
Total Pages: 609
Release: 2014-05-29
Genre: Business & Economics
ISBN: 0133444015

A new collection of corporate finance best practices for establishing accurate valuations… 2 authoritative books, now in a convenient e-format, at a great price! 2 authoritative eBooks help you accurately value companies and assets for M&A, restructurings, and key corporate investments Valuation decisions can make or break the success of any merger, acquisition, restructuring, or large-scale corporate investment. Few areas of finance are so important -- or so challenging. This unique 2 eBook package brings together comprehensive and up-to-date guidance for arriving at valuations you can rely upon. Valuation: Methods and Models in Applied Corporate Finance is focused entirely on achieving useful results -- avoiding ivory-tower theory you don't need and elementary material you already know. George Chacko and Carolyn L. Evans present a 100% practical and rigorous approach to conducting valuation. Step-by-step, they address the projection of financial statements, calculating free cash flows, risk-adjusted cost of capital, and several leading methodologies, including WACC, flow-to-equity, and APV. Throughout, each concept is explained with realistic examples, and demonstrated with accessible math. No previous mathematical understanding is required beyond basic algebra, probability, and statistics: wherever more advanced math is required, the authors explain it fully. Next, in Valuation for Mergers and Acquisitions, Second Edition, Barbara S. Petitt and Kenneth R. Ferris present a complete, practitioner-oriented view of valuation in the context of M&A and corporate restructurings. Petitt and Ferris guide you through performing a target's financial review, developing forecasts, and assessing the sensitivity of these forecasts to key assumptions. You'll review both traditional and alternative valuation methods, from the basic P/E ratio to a wide range of discounted cash flow models, economic value analysis, and real option analyses. The authors also address closely-related issues such as accounting, financial reporting, and tax considerations. Throughout, you'll find realistic advice for making more informed choices, handling common dilemmas, and overcoming common errors -- all illuminated with real-world examples and illustrations. Whatever your role in establishing valuations or making corporate investment decisions, this collection will help you reduce your risks and improve your performance. From world-renowned valuation experts George Chacko, Carolyn L. Evans, Barbara S. Petitt, and Kenneth R. Ferris

A Pragmatic Look at Valuation (Collection)

A Pragmatic Look at Valuation (Collection)
Author: George Chacko
Publisher:
Total Pages: 433
Release: 2014
Genre: Business enterprises
ISBN:

A new collection of corporate finance best practices for establishing accurate valuations ... 2 authoritative books, now in a convenient e-format, at a great price! 2 authoritative eBooks help you accurately value companies and assets for M & A, restructurings, and key corporate investments Valuation decisions can make or break the success of any merger, acquisition, restructuring, or large-scale corporate investment. Few areas of finance are so important -- or so challenging. This unique 2 eBook package brings together comprehensive and up-to-date guidance for arriving at valuations you can rely upon. Valuation: Methods and Models in Applied Corporate Finance is focused entirely on achieving useful results -- avoiding ivory-tower theory you don't need and elementary material you already know. George Chacko and Carolyn L. Evans present a 100% practical and rigorous approach to conducting valuation. Step-by-step, they address the projection of financial statements, calculating free cash flows, risk-adjusted cost of capital, and several leading methodologies, including WACC, flow-to-equity, and APV. Throughout, each concept is explained with realistic examples, and demonstrated with accessible math. No previous mathematical understanding is required beyond basic algebra, probability, and statistics: wherever more advanced math is required, the authors explain it fully. Next, in Valuation for Mergers and Acquisitions, Second Edition, Barbara S. Petitt and Kenneth R. Ferris present a complete, practitioner-oriented view of valuation in the context of M & A and corporate restructurings. Petitt and Ferris guide you through performing a target's financial review, developing forecasts, and assessing the sensitivity of these forecasts to key assumptions. You'll review both traditional and alternative valuation methods, from the basic P/E ratio to a wide range of discounted cash flow models, economic value analysis, and real option analyses. The authors also address closely-related issues such as accounting, financial reporting, and tax considerations. Throughout, you'll find realistic advice for making more informed choices, handling common dilemmas, and overcoming common errors -- all illuminated with real-world examples and illustrations. Whatever your role in establishing valuations or making corporate investment decisions, this collection will help you reduce your risks and improve your performance. From world-renowned valuation experts George Chacko, Car ...

Valuation Approaches and Metrics

Valuation Approaches and Metrics
Author: Aswath Damodaran
Publisher: Now Publishers Inc
Total Pages: 102
Release: 2005
Genre: Business & Economics
ISBN: 1601980140

Valuation lies at the heart of much of what we do in finance, whether it is the study of market efficiency and questions about corporate governance or the comparison of different investment decision rules in capital budgeting. In this paper, we consider the theory and evidence on valuation approaches. We begin by surveying the literature on discounted cash flow valuation models, ranging from the first mentions of the dividend discount model to value stocks to the use of excess return models in more recent years. In the second part of the paper, we examine relative valuation models and, in particular, the use of multiples and comparables in valuation and evaluate whether relative valuation models yield more or less precise estimates of value than discounted cash flow models. In the final part of the paper, we set the stage for further research in valuation by noting the estimation challenges we face as companies globalize and become exposed to risk in multiple countries.

Value Practices in the Life Sciences and Medicine

Value Practices in the Life Sciences and Medicine
Author: Isabelle Dussauge
Publisher: Oxford University Press (UK)
Total Pages: 346
Release: 2015
Genre: Business & Economics
ISBN: 019968958X

This book provides a compelling scholarly statement about the interrelation and pliability of values in the life sciences, medicine and health care. The volume aims to aid our understanding of the roles of power, knowledge production, and economic action in the heavily scientised and economised areas of life science and medicine.

The Routledge International Handbook of Valuation and Society

The Routledge International Handbook of Valuation and Society
Author: Anne Krüger
Publisher: Taylor & Francis
Total Pages: 388
Release: 2024-10-15
Genre: Social Science
ISBN: 1040109721

The Routledge International Handbook of Valuation and Society builds on the growing research interest in practices of valuation throughout contemporary society, providing an up-to-date overview of the different facets of research in the sociology of valuation. The handbook is divided into five major sections with attention to the treatment of valuation in major areas of sociological theory, as well as its key concepts, discourses, and approaches: Part I: Theoretical perspectives Part II: Central valuation practices in societal spheres Part III: Cross-cutting valuation practices Part IV: Valuation and societal change Part V: Reflections Together, the chapters in this book characterize distinctive practices of valuation across different societal spheres, such as education and science, arts and culture, economic life, the environment or digital culture and social media. They also examine the role of valuation in contemporary society and consider the ways it effects social change. This seminal handbook aims at taking stock of the development of the study of valuation with a selection of topics that are important for understanding core perspectives and developments as well as anticipating its future orientation. It will appeal to scholars across the social sciences with interest in the ubiquity of the valuation practices and its effects on social life.

Applied Valuation

Applied Valuation
Author: Clifford S. Ang
Publisher: Walter de Gruyter GmbH & Co KG
Total Pages: 234
Release: 2023-01-30
Genre: Business & Economics
ISBN: 3110771780

Valuation is part art and part science. While there are wrong ways to value a stock, there may be no single correct way to value a stock. Applied Valuation: A Pragmatic Approach helps to bridge theory and how valuations can be implemented in practice. It offers pragmatic solutions that are in line with valuation principles, and explains the implications of certain approaches and rules of thumb that are commonly used in practice, so the reader understands why or when such methods make sense. Valuation is a highly case-specific exercise and slight changes in the conditions at the time of the valuation could change the approach and inputs that an analyst should be using. This book discusses how to develop the intuition and skills that would allow you to determine the appropriate or reasonable approach to take regardless of what situation may arise in the future. Also including in-depth case studies of Walmart and Tesla, this book examines concepts like projections, discount rates, terminal value, and relative valuation to equip students, practitioners, and the general reader with a better understanding of the methods that will help them build their own framework to value businesses and analyze valuation issues.

Transfer Pricing and Customs Valuation

Transfer Pricing and Customs Valuation
Author: Anuschka Bakker
Publisher: IBFD
Total Pages: 695
Release: 2009
Genre: Customs appraisal
ISBN: 9087220596

This book discusses the intricate role of transfer pricing and customs value in international business environment. It examines the relationship between valuation for transfer pricing purposes and valuation for customs, and the significance of the relationship for multinational enterprises, tax authorities and customs administrations. The book begins by reviewing relevant international standards such as the OECD Guidelines and the GATT/WTO Customs Valuation Agreement. This is followed by a discussion of related issues such as VAT and administrative matters. Country chapters provide an overview of the applicable legislation and valuation methods, and case studies allow direct comparison between the practices of the different countries. The book concludes by summarizing the existing relationship between transfer pricing valuations and customs valuations, and by suggesting possible solutions towards a more integrated approach.

The Value of Art Education

The Value of Art Education
Author: Henrik Fürst
Publisher: Springer Nature
Total Pages: 194
Release: 2023-05-11
Genre: Education
ISBN: 3031140613

This book shows the continuing importance of art education. Art education attracts students who see multiple meanings and justifications for the worth of that education. Their engagement in art education is not limited to the uncertain prospects for jobs or routes into employment in the arts. Fürst and Nylander approach art education through a rich array of empirical examples derived from Swedish folk high school programs in music, visual arts, and creative writing. Based on an analytical framework of pragmatic sociology, the book allows the reader to understand the competences and critical capacities held by students and teachers. The book challenges the dominant public perception of art education and broadens our understanding of what it is good for. The Value of Art Education is essential reading for those defending the status of this vital sector of education, offering a deeper understanding of why people engage, what they gain, and the social importance of the arts.

Value in a Changing Built Environment

Value in a Changing Built Environment
Author: David Lorenz
Publisher: John Wiley & Sons
Total Pages: 248
Release: 2017-12-26
Genre: Business & Economics
ISBN: 144433476X

A new framework for understanding the underpinnings of real estate property value and the role it plays in the larger economy Value in a Changing Built Environment examines the professional foundations on which the valuation exercise and the valuation profession rest. Written by noted experts in the field, the book addresses the often limited understanding of the concept of property value by explaining the intrinsic linkages between economic, environmental, social, and cultural measures and components of property value. The book offers a framework that paves the way towards a more holistic approach to property value. Value in a Changing Built Environment unwraps many of the traditional assumptions that have underpinned market participants’ decision making over the last few decades. The authors explore the concept that a blindfold application of valuation theories and approaches adopted from finance is unlikely to be able to cope with the nature of property as an economic and public good. This vital resource: Explains the criteria for making estimates of value that can be applied worldwide Offers an integrated approach to property value and the valuation processes Captures the often illusive intangibles such as environmental performance into valuation Addresses a market failure to account for wider criteria on building performance Value in a Changing Built Environment examines how real estate valuation plays a pivotal role in decision making and how can a new body of knowledge improve the practice in both business and social domains.