Research Catalog

Title

Valuation : measuring and managing the value of companies / McKinsey & Company ; Tim Koller, Marc Goedhart, David Wessels.

Author

Koller, Tim.

Publication

Hoboken, N.J. : Wiley, c2010.

Items in the Library & Off-site

Details

Additional Authors

• Goedhart, Marc H.
• McKinsey and Company.
• Wessels, David.

Description

xvii, 811 p. : ill.; 26 cm.

Subject

Corporations > Valuation

Note

• Previous ed.: 2005.

Bibliography (note)

• Includes bibliographical references and index.

Contents

About the Authors. -- Preface. -- Acknowledgments. -- Part One Foundations of Value. -- 1 Why ValueValue? -- 2 Fundamental Principles of Value Creation. -- 3 The Expectations Treadmill. -- 4 Return on Invested Capital. -- 5 Growth. -- Part Two Core Valuation Techniques. -- 6 Frameworks for Valuation. -- 7 Reorganizing the Financial Statements. -- 8 Analyzing Performance and Competitive Position. -- 9 Forecasting Performance. -- 10 Estimating Continuing Value. -- 11 Estimating the Cost of Capital. -- 12 Moving from Enterprise Value to Value per Share. -- 13 Calculating and Interpreting Results. -- 14 Using Multiples to Triangulate Results. -- Part Three Intrinsic Value and the Stock Market. -- 15 Market Value Tracks Return on Invested Capital and Growth. -- 16 Markets Value Substance, Not Form. -- 17 Emotions and Mispricing in the Market. -- 18 Investors and Managers in Efficient Markets. -- Part Four Managing for Value. -- 19 Corporate Portfolio Strategy. -- 20 Performance Management. -- 21 Mergers and Acquisitions. -- 22 Creating Value through Divestitures. -- 23 Capital Structure. -- 24 Investor Communications. -- Part Five Advanced Valuation Issues. -- 25 Taxes. -- 26 Nonoperating Expenses, One-Time Charges, Reserves, and Provisions. -- 27 Leases, Pensions, and Other Obligations. -- 28 Capitalized Expenses. -- 29 Inflation. -- 30 Foreign Currency. -- 31 Case Study: Heineken. -- Part Six Special Situations. -- 32 Valuing Flexibility. -- 33 Valuation in Emerging Markets. -- 34 Valuing High-Growth Companies. -- 35 Valuing Cyclical Companies. -- 36 Valuing Banks. -- Appendix A Economic Profit and the Key Value Driver Formula. -- Appendix B Discounted Economic Profit Equals Discounted Free Cash Flow. -- Appendix C Derivation of Free Cash Flow,Weighted Average Cost of Capital, and Adjusted Present Value. -- Appendix D Levering and Unlevering the Cost of Equity. -- Appendix E Leverage and the Price-to-Earnings Multiple. -- Index. 9780470424650.

ISBN

• 9780470424650 (cloth)
• 0470424656 (cloth)
• 9780470424698 (cloth with DCF Model Download)
• 0470424699 (cloth with DCF Model Download)
• 0470424702 (university ed.)
• 9780470424704 (university ed.)

Owning Institutions

Columbia University Libraries