Measuring and managing the value of companies
Valuation: Measuring and Managing the Value of Companies by Tim KollerHailed by financial professionals worldwide as the single best guide of its kind, Valuation, Fourth Edition is thoroughly revised and expanded to reflect business conditions in todays volatile global economy. Valuation provides up-to-date insights and practical advice on how to create, manage, and measure an organizations value. Along with all-new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect the events of the Internet bubble and its effect on stock markets, new developments in academic finance, changes in accounting rules (both U. S. and IFRS), and an enhanced global perspective. This edition contains the solid framework that managers at all levels, investors, and students have come to trust.
2. Value a Small Business like Warren Buffett
Valuation: Measuring and Managing the Value of Companies, 6th Edition
Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Our flagship business publication has been defining and informing the senior-management agenda since Our learning programs help organizations accelerate growth by unlocking their people's potential. The 6th edition of Valuation , now celebrating 25 years in print, has been thoroughly revised to reflect business conditions in today's volatile global economy. It provides insights on how to create, manage, and measure the value of an organization, including practical advice on:.
This new sixth edition provides insights on the strategic advantages of value—based management, complete detailed instruction, and nuances managers should know about valuation and valuation techniques as applied to different industries, emerging markets, and other special situations. Valuation lies at the crossroads of corporate strategy and finance. This guide shows you everything you need to know, and gives you the understanding you need to be effective. Valuation stands ahead of the field for its reputation, quality, and prestige, putting the solutions you need right at your fingertips. Fundamental Principles of Value Creation 3. Conservation of Value and the Role of Risk 4.
Not all CEOs, business managers, and financial managers possess a deep understanding of value, although it is essential knowledge to creating value for companies and shareholders. McKinsey's Valuation: Measuring and Managing the Value of Companies, Sixth Edition , with its companion DCF Model Download , provides the knowledge executives need to make value-creating decisions--replacing some of the myths that pervade the corporate world with proven principles of value creation. The Sixth Edition provides: An overview of the two core principles of valuation: the idea that return on invested capital and growth drive cash flow, and a conversation principle that anything that doesn't increase cash flow doesn't create value unless it reduces risk. Guidance for using discounted cash flow DCF to value a company, with an emphasis on how to analyze historical performance, forecast free cash flows, estimate the appropriate opportunity cost of capital, identify sources of value, and interpret results. An explanation of how to analyze and incorporate in your valuation such complex issues as taxes, pensions, reserves, inflation, and foreign currency, complete with a case-study example. An exploration of special situations in which valuation is complex, such as the multi-dimensional challenges of valuing higher growth companies, emerging markets, cyclical companies, and banks; or in the use of option-pricing theory and decision trees in valuations. Acclaimed for 25 years by corporate finance experts as the best guide in its class, Valuation, Sixth Edition explains, step-by-step, how to do valuation well.
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