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| The Tools of Valuation | |
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| A User's Guide | |
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| Valuation of Stand-Alone Firms and Business Units | |
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| Free Cash-flow Valuation | |
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| Cost of Capital | |
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| Valuation Multiples | |
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| Economic Value Added | |
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| Valuation with Changing Capital Structure | |
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| Valuation in Developed and Emerging Markets | |
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| Mergers and Acquisitions | |
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| Deal Design and Special Offer Structures | |
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| Leveraged Buyouts | |
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| Recapitalization of Troubled Companies | |
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| Asset Restructuring | |
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| Real Options: Valuing Entry and Exit Options | |
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| Financial Options | |
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| Technical Notes and Problems | |
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| Valuation Aids and Deal Modeler r Software | |
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| Forecasting and Valuation of Free Cash Flows | |
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| Free Cash Flows | |
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| Building a Financial Model | |
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| Enterprise Valuation | |
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| Continuation Value | |
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| Forecast Consistency | |
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| Forecasting FCF T | |
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| A Wrong Way to Forecast Continuation Value | |
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| Sensitivity to Parameter Estimates | |
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| Competitive Advantage Period | |
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| EBITDA Multiples | |
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| An Equivalent Approach: Valuing the Cash Flow to Equity | |
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| Decomposition of Free Cash Flows: Cash Flows to Equity and Debt | |
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| Equity Valuation | |
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| Debt Valuation | |
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| Financial Policy and Dividends | |
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| Some Practical Aspects | |
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| Choosing the Valuation Method | |
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| Personal Taxes and Enterprise Value | |
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| Enterprise Value in Tax-imputation Countries | |
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| Balance Sheet Adjustments | |
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| Cash and Marketable Securities | |
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| Mid-year Discounting | |
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| Dealing with Equity-linked and Other Securities in the Capital Structure | |
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| Restructuring Expenses | |
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| Analysis of Results: The Value of Franchise and Growth | |
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| Summary.Problems | |
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| The Equity Premium and the Cost of Capital | |
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| Estimating the Cost of Capital | |
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| The Cost of Equity | |
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| The Capital Asset Pricing Model Approach | |
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| Choosing the Riskless Rate | |
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| Estimating the Equity Premium: Historical Analyses | |
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| Time Varying Equity Premium | |
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| Prospective Equity Premium | |
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| The Cost of Equity of Large Capitalization Companies | |
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| The Cost of Equity and Leverage | |
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| Beyond the Capital Asset Pricing Model | |
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| The Original CAPM | |
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| The Fama-French Three-factor Model | |
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| Arbitrage Pricing Theory | |
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| Liquidity and Expected Returns | |
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| The Cost of Equity of Small Capitalization Companies | |
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| Estimating the Cost of Equity: A Detailed Example | |
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| The Cost of Debt and Other Components of the Capital Structure | |
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| Investment-grade Debt | |
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| High-yield Debt and Preferred Stock | |
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| Convertible Securities, Warrants, and Other Options | |
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| Estimation of the Cost of Capital in Practice | |
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| Summary.Problems | |
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| Metrics and Multiples | |
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| The Use of Multiples in Valuation | |
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| Using Comparables: An Example | |
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| Multiples and Continuation Value | |
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| Relationships Among Valuation Multiples | |
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| Adjusting Multiples for Leverage and Growth | |
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| The Franchise Factor in Valuation Multiples | |
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| Normalizing P/E Ratios by the Growth Rate | |
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| Summary.Problems | |
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| Economic Value Added | |
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| Measuring Value Creation | |
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| Relation to Free Cash-Flow Valuation | |
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| A Detailed Example of EVA Valuation | |
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| The Sources of Value: Franchise and Growth | |
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| Economic Value-Added and Market Value | |
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| Some Empirical Evidence | |
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| Summary.Problems | |
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| Valuation with Changing Capital Structure | |
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| Leverage Change | |