Investment valuation : tools and techniques for determining the value of any asset
Damodaran, Aswath
Investment valuation : tools and techniques for determining the value of any asset / Aswath Damodaran. - Second edition ; University edition. - New York, NY : Wiley, 2002. - xvi, 992 pages : illustrations, tables, graphs (black and white) ; 26 cm. - Wiley finance series. .
Includes bibliographical references and index.
1. Introduction to valuation ― 2. Approaches to valuation ― 3. Understanding financial statements ― 4. The basics of risk ― 5. Option pricing theory and models ― 6. Market efficiency--definition, tests and evidence ― 7. Riskless rates and risk premiums ― 8. Estimating risk parameters and costs of financing ― 9. Measuring earnings ― 10. From earnings to cash flows ― 11. Estimating growth ― 12. Stable growth and firm value ― 13. Dividend discount models ― 14. Free cash flow to equity discount models ― 15. Valuing a firm--the free cash flow to firm approach ― 16. Aluing real estate in private company valuation? ― 17. Fundamental principles of relative valuation ― 18. Earnings multiples ― 19. Book value multiples ― 20. Other multiples ― 21. Valuing financial service firms ― 22. Valuing troubled firms ― 23. Valuing young or start-up firms ― 24. Valuing private firms ― 25. Acquisitions and takeovers ― 26. Valuing real estate ― 27. Valuing other assets ― 28. The option to delay and valuation implications ― 29. The option to expand and valuation implications ― 30. Valuing equity in troubled firms as options ― 31. Value enhancement: a discounted cashflow framework ― 32. Value enhancement: EVA, CFROI and other tools ― 33. Valuing fixed income securities ― 34. Valuing futures contracts ― 35. Overview and conclusion.
Investment Valuation Tools and Techniques for Determining the Value of Any Asset Valuation is at the heart of every investment decision, whether that decision is to buy, sell, or hold. But the pricing of any financial asset has become a more complex task in modern financial markets. Now completely revised and fully updated to reflect changing market conditions, Investment Valuation, Second Edition, provides expert instruction on how to value virtually any type of asset-stocks, bonds, options, futures, real assets, and much more. Noted valuation authority and acclaimed NYU finance professor Aswath Damodaran uses real-world examples and the most current valuation tools, as he guides you through the theory and application of valuation models and highlights their strengths and weaknesses. Expanded coverage addresses: Valuation of unconventional assets, financial service firms, start-ups, private companies, dot-coms, and many other traditionally valued assets Risk in foreign countries and how best to deal with it; Using real option theory and option pricing models in valuing business and equity; The models used to value different types of assets and the elements of these models; How to choose the right model for any given asset valuation scenario; Online real-time valuations that are continually updated. A perfect guide for those who need to know more about the tricky business of valuation, Investment Valuation, Second Edition, will be a valuable asset for anyone learning about this critical part of the investment process.
9780471414902
Corporations--Valuation--Mathematical models
HG4028.V3 / D353 2002
Investment valuation : tools and techniques for determining the value of any asset / Aswath Damodaran. - Second edition ; University edition. - New York, NY : Wiley, 2002. - xvi, 992 pages : illustrations, tables, graphs (black and white) ; 26 cm. - Wiley finance series. .
Includes bibliographical references and index.
1. Introduction to valuation ― 2. Approaches to valuation ― 3. Understanding financial statements ― 4. The basics of risk ― 5. Option pricing theory and models ― 6. Market efficiency--definition, tests and evidence ― 7. Riskless rates and risk premiums ― 8. Estimating risk parameters and costs of financing ― 9. Measuring earnings ― 10. From earnings to cash flows ― 11. Estimating growth ― 12. Stable growth and firm value ― 13. Dividend discount models ― 14. Free cash flow to equity discount models ― 15. Valuing a firm--the free cash flow to firm approach ― 16. Aluing real estate in private company valuation? ― 17. Fundamental principles of relative valuation ― 18. Earnings multiples ― 19. Book value multiples ― 20. Other multiples ― 21. Valuing financial service firms ― 22. Valuing troubled firms ― 23. Valuing young or start-up firms ― 24. Valuing private firms ― 25. Acquisitions and takeovers ― 26. Valuing real estate ― 27. Valuing other assets ― 28. The option to delay and valuation implications ― 29. The option to expand and valuation implications ― 30. Valuing equity in troubled firms as options ― 31. Value enhancement: a discounted cashflow framework ― 32. Value enhancement: EVA, CFROI and other tools ― 33. Valuing fixed income securities ― 34. Valuing futures contracts ― 35. Overview and conclusion.
Investment Valuation Tools and Techniques for Determining the Value of Any Asset Valuation is at the heart of every investment decision, whether that decision is to buy, sell, or hold. But the pricing of any financial asset has become a more complex task in modern financial markets. Now completely revised and fully updated to reflect changing market conditions, Investment Valuation, Second Edition, provides expert instruction on how to value virtually any type of asset-stocks, bonds, options, futures, real assets, and much more. Noted valuation authority and acclaimed NYU finance professor Aswath Damodaran uses real-world examples and the most current valuation tools, as he guides you through the theory and application of valuation models and highlights their strengths and weaknesses. Expanded coverage addresses: Valuation of unconventional assets, financial service firms, start-ups, private companies, dot-coms, and many other traditionally valued assets Risk in foreign countries and how best to deal with it; Using real option theory and option pricing models in valuing business and equity; The models used to value different types of assets and the elements of these models; How to choose the right model for any given asset valuation scenario; Online real-time valuations that are continually updated. A perfect guide for those who need to know more about the tricky business of valuation, Investment Valuation, Second Edition, will be a valuable asset for anyone learning about this critical part of the investment process.
9780471414902
Corporations--Valuation--Mathematical models
HG4028.V3 / D353 2002
