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| About the authors | |
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| Preface--reading guide | |
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| Acknowledgements | |
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| Publisher's acknowledgements | |
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| Introduction | |
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| Presentation of model company | |
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| When do you need to value a company? | |
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| Raising capital for growth | |
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| Creating an incentive programme to keep and attract employees | |
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| Executing a merger, acquisition or divestiture | |
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| Conducting an initial public offering (IPO) | |
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| Summary | |
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| Company valuation--an overview | |
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| Theoretical overview | |
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| The most important valuation models | |
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| What models to use? | |
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| Summary | |
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| Ratio-based valuation | |
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| Classification of multiples | |
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| Finding your multiple | |
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| Different multiples | |
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| How to find input data for multiple valuations | |
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| Summary | |
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| Discounted cash flow valuation | |
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| Estimating the cost of capital--WACC | |
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| Calculating free cash flow | |
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| Computing terminal value | |
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| Discounting and final corporate value | |
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| The most important variables in a DCF analysis | |
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| The DCF approach--only a calculation machine | |
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| Checking your assumptions | |
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| Summary | |
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| Underlying analysis and key value drivers | |
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| What is a value driver? | |
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| How to identify key value drivers | |
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| Structuring the underlying analysis | |
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| Generic operational value drivers | |
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| Framework for the underlying analysis | |
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| Temporary monopolies--an additional tool for the underlying analysis | |
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| Summary | |
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| How to value your company in practice--an example | |
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| Underlying analysis of Mobitronics | |
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| DCF valuation of Mobitronics | |
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| Scenario analysis | |
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| Checking the underlying assumptions | |
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| Multiple-based valuation of Mobitronics | |
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| Piecing it all together--the value of the company | |
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| Summary | |
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| Value-based management | |
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| Strategy development | |
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| Target setting | |
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| Action plans, budgets and training | |
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| Incentive programmes | |
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| Outcomes of value-based management | |
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| Summary | |
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| Afterword | |
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| Inspirational list of key value drivers | |
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| Suggested information needed for a valuation | |
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| Notes | |
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| Glossary | |
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| Further reading | |
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| Index | |