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Valuation Workbook Step-by-Step Exercises and Tests to Help You Master Valuation

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ISBN-10: 0470424648

ISBN-13: 9780470424643

Edition: 5th 2011

Authors: Inc. Staff McKinsey and Company, Tim Koller, Marc Goedhart, David Wessels

List price: $30.99
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Description:

The Workbook to Valuation, Fifth Edition complements the comprehensive knowledge found in the cloth edition. It allows readers to self-test their knowledge before putting it to work in real-world situations. Along with a complete answer key, the Workbook also covers such essentials as what drives value creation, value metrics, M&A and joint ventures, valuation frameworks, how to analyze historical information, estimating the cost of capital and continuing value, forecasting performance, and calculating results. Brief summary chapters also help to reinforce major points from the main text.
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Book details

List price: $30.99
Edition: 5th
Copyright year: 2011
Publisher: John Wiley & Sons, Limited
Publication date: 4/15/2011
Binding: Paperback
Pages: 268
Size: 6.75" wide x 10.00" long x 0.75" tall
Weight: 1.012
Language: English

McKINSEY & COMPANY is a management consulting firm that helps leading corporations and organizations make distinctive, lasting, and substantial improvements in their performance. Over the past seven decades, the firm's primary objective has remained constant: to serve as an organization's most trusted external advisor on critical issues facing senior management. With consultants deployed from over eighty offices in more than forty countries, McKinsey advises companies on strategic, operational, organizational, financial, and technological issues. The firm has extensive experience in all major industry sectors and primary functional areas, as well as in-depth expertise in high-priority areas…    

McKINSEY & COMPANY is a management consulting firm that helps leading corporations and organizations make distinctive, lasting, and substantial improvements in their performance. Over the past seven decades, the firm's primary objective has remained constant: to serve as an organization's most trusted external advisor on critical issues facing senior management. With consultants deployed from over eighty offices in more than forty countries, McKinsey advises companies on strategic, operational, organizational, financial, and technological issues. The firm has extensive experience in all major industry sectors and primary functional areas, as well as in-depth expertise in high-priority areas…    

McKINSEY & COMPANY is a management consulting firm that helps leading corporations and organizations make distinctive, lasting, and substantial improvements in their performance. Over the past seven decades, the firm's primary objective has remained constant: to serve as an organization's most trusted external advisor on critical issues facing senior management. With consultants deployed from over eighty offices in more than forty countries, McKinsey advises companies on strategic, operational, organizational, financial, and technological issues. The firm has extensive experience in all major industry sectors and primary functional areas, as well as in-depth expertise in high-priority areas…    

About the Authors
Introduction
Questions
Why Value Value?
Fundamental Principles of Value Creation
The Expectations Treadmill
Return on Invested Capital
Growth
Frameworks for Valuation
Reorganizing the Financial Statements
Analyzing Performance and Competitive Position
Forecasting Performance
Estimating Continuing Value
Estimating the Cost of Capital
Moving from Enterprise Value to Value per Share
Calculating and Interpreting Results
Using Multiples to Triangulate Results
Market Value Tracks Return on Invested Capital and Growth
Markets Value Substance, Not Form
Emotions and Mispricing in the Market
Investors and Managers in Efficient Markets
Corporate Portfolio Strategy
Performance Management
Mergers and Acquisitions
Creating Value through Divestitures
Capital Structure
Investor Communications
Taxes
Nonoperating Expenses, One-Time Charges, Reserves, and Provisions
Leases, Pensions, and Other Obligations
Capitalized Expenses
Inflation
Foreign Currency
Case Study: Heineken
Valuing Flexibility
Valuation in Emerging Markets
Valuing High-Growth Companies
Valuing Cyclical Companies
Valuing Banks
Answers
Why Value Value?
Fundamental Principles of Value Creation
The Expectations Treadmill
Return on Invested Capital
Growth
Frameworks for Valuation
Reorganizing the Financial Statements
Analyzing Performance and Competitive Position
Forecasting Performance
Estimating Continuing Value
Estimating the Cost of Capital
Moving from Enterprise Value to Value per Share
Calculating and Interpreting Results
Using Multiples to Triangulate Results
Market Value Tracks Return on Invested Capital and Growth
Markets Value Substance, Not Form
Emotions and Mispricing in the Market
Investors and Managers in Efficient Markets
Corporate Portfolio Strategy
Performance Management
Mergers and Acquisitions
Creating Value through Divestitures
Capital Structure
Investor Communications
Taxes
Nonoperating Expenses, One-Time Charges, Reserves, and Provisions
Leases, Pensions, and Other Obligations
Capitalized Expenses
Inflation
Foreign Currency
Case Study: Heineken
Valuing Flexibility
Valuation in Emerging Markets
Valuing High-Growth Companies
Valuing Cyclical Companies
Valuing Banks