Damodaran on Valuation, Study Guide: Security Analysis for Investment and Corpor

Description: Damodaran on Valuation, Study Guide by Aswath Damodaran Damondaran on Valuation will not only convince you of the vitality of the many valuation models available to you, it will help ensure that you develop the acumen needed to select the right model for any valuation scenario. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Damondaran on Valuation will not only convince you of the vitalityof the many valuation models available to you, it will help ensurethat you develop the acumen needed to select the right model forany valuation scenario. Written by a gifted teacher and respected valuation authority, Damodaran on Valuation offers systematic examination of the threebasic approaches to valuation - discounted cash-flow valuation,relative valuation, and contingent claim valuation - and thevarious models within these broad categories. Using numerous real-world examples involving both US andInternational firms, the book illuminates the purpose of eachparticular model, its advantages and limitatations, thestep-by-step process involved in putting the model to work, and thekinds of firms to which it is best applied. Among the toolspresented are designed to: Estimate the cost of equity - including the capital asset pricingmodel and arbitrage pricing modelEstimate growth rates - with coverage of how to arrive at aweighted average of growth rates by blending three separateapproachesValue equity - focusing on the Gordon Growth Model and thetwo-and three-stage dividend discount modelMeasure free cash flow to equity - cash flows that are carefullydelineated from the dividends of most firmsValue firms - including free cash flow to firm models, which areespecially suited to highly leveraged firmsEstimate the value of assets by looking at the pricing ofcomparable assets - with insight into the use and misuse ofprice/earning and price/book value ratios, and underutilizedprice-to-sales ratiosMeasure the value of assets that share option characteristics -including a comparative look at the classic Black-Scholes andsimpler binomial models Supported by an optional IBM-compatible disk, which consists ofspreadsheet programs designed to help users apply the modelshighlighted in the book, Damodaran on Valuation providespractitioners involved in securities analysis, portfoliomanagement, M&A, and corporate finance with the knowledge theyneed to value any asset. Back Cover Pick the right model for the right moment every time. Whatever your investment philosophy and goals, youve probably had trouble at one time or another in measuring the value of a particular asset. Maybe youve been wary of the effectiveness of all the valuation models out there and relied on the "guesstimate" approach or simply picked the wrong model for the asset under consideration. Whatever past problems you may have encountered, Damodaran on Valuation will not only convince you of the vitality of the many valuation models available to you, it will help ensure that you develop the acumen needed to select the right model for any valuation scenario. Written by a gifted teacher and respected valuation authority, Damodaran on Valuation offers an overview of the three basic valuation approaches-discounted cash flow, relative, and contingent claim valuation-and the models within these classes. Using plenty of real-world case studies, it explains the purpose of each model, its pros and cons, the steps involved in applying it, and the types of firms to which it is most suited. Soon, youll have a solid, practical grasp of tools designed to help you estimate the cost of equity, estimate growth rates, value equity, measure free cash flows to equity, value firms, estimate the value of assets via pricing of comparable assets, and measure the value of assets with option-like characteristics. No model is foolproof. And every valuation is vulnerable to changes in the environment, the economy, and the asset itself. But with Damodaran on Valuation at your side, you can be certain that youll have every weapon at your disposal in the battle to accurately determine the value of an asset and to make the right financial decisions under pressure. Flap Pick the right model for the right moment every time. Whatever your investment philosophy and goals, youve probably had trouble at one time or another in measuring the value of a particular asset. Maybe youve been wary of the effectiveness of all the valuation models out there and relied on the "guesstimate" approach or simply picked the wrong model for the asset under consideration. Whatever past problems you may have encountered, Damodaran on Valuation will not only convince you of the vitality of the many valuation models available to you, it will help ensure that you develop the acumen needed to select the right model for any valuation scenario. Written by a gifted teacher and respected valuation authority, Damodaran on Valuation offers an overview of the three basic valuation approaches-discounted cash flow, relative, and contingent claim valuation-and the models within these classes. Using plenty of real-world case studies, it explains the purpose of each model, its pros and cons, the steps involved in applying it, and the types of firms to which it is most suited. Soon, youll have a solid, practical grasp of tools designed to help you estimate the cost of equity, estimate growth rates, value equity, measure free cash flows to equity, value firms, estimate the value of assets via pricing of comparable assets, and measure the value of assets with option-like characteristics. No model is foolproof. And every valuation is vulnerable to changes in the environment, the economy, and the asset itself. But with Damodaran on Valuation at your side, you can be certain that youll have every weapon at your disposal in the battle to accurately determine the value of an asset and to make the right financial decisions under pressure. Author Biography ASWATH DAMODARAN is Professor of Finance at New York Universitys Leonard N. Stern School of Business. He has been the recipient of numerous awards for outstanding teaching, including the NYU university-wide Distinguished Teaching Award, and was named one of the nations top business school teachers by Business Week in 1994. In addition, Damodaran teaches training courses in corporate finance and valuation at many leading investment banks. His publications include Damodaran on Valuation; Investment Valuation; Corporate Finance; Investment Management; and Applied Corporate Finance, all published by Wiley, and The Dark Side of Valuation. Table of Contents Approaches to Valuation. Estimation of Discount Rates. Estimation of Cash Flows. Estimation of Growth Rates. Dividend-Discount Models. Free-Cash-Flow-to-Equity Discount Models. Valuing a Firm--The Free-Cash-Flow-to-Firm Approach. Special Cases in Valuation. Price/Earnings Ratios. Price/Book Value Ratios. Price/Sales Ratio. Management Decisions, Corporate Strategy, and Firm Value. Valuation for Acquisitions and Takeovers. Option-Pricing Theory. Applications of Option-Pricing Theory to Valuation. Overview and Conclusion. Appendices. References. Disk Documentation. Index. Long Description "Aswath Damodaran is simply the best valuation teacher around. If you are interested in the theory or practice of valuation, you should have Damodaran on Valuation on your bookshelf. You can bet that I do." -- Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places In order to be a successful CEO, corporate strategist, or analyst, understanding the valuation process is a necessity. The second edition of Damodaran on Valuation stands out as the most reliable book for answering many of todays critical valuation questions. Completely revised and updated, this edition is the ideal book on valuation for CEOs and corporate strategists. Youll gain an understanding of the vitality of todays valuation models and develop the acumen needed for the most complex and subtle valuation scenarios you will face. Feature Approaches to Valuation. Estimation of Discount Rates. Estimation of Cash Flows. Estimation of Growth Rates. Dividend-Discount Models. Free-Cash-Flow-to-Equity Discount Models. Valuing a Firm?The Free-Cash-Flow-to-Firm Approach. Special Cases in Valuation. Price/Earnings Ratios. Price/Book Value Ratios. Price/Sales Ratio. Management Decisions, Corporate Strategy, and Firm Value. Valuation for Acquisitions and Takeovers. Option-Pricing Theory. Applications of Option-Pricing Theory to Valuation. Overview and Conclusion. Appendices. References. Disk Documentation. Index. Details ISBN0471108979 Author Aswath Damodaran Language English ISBN-10 0471108979 ISBN-13 9780471108979 Media Book Format Paperback DEWEY 658.15 Year 1994 Imprint John Wiley & Sons Inc Place of Publication New York Country of Publication United States Illustrations Ill. Pack Parent 9781742466873 Residence New York, NY, US Affiliation Stern School of Business, New York Univ. Stern School of Business, New Short Title DAMODARAN ON VALUATION SG Edition 1st DOI 10.1604/9780471108979 UK Release Date 1994-11-08 NZ Release Date 1994-10-07 Publisher John Wiley & Sons Inc Publication Date 1994-11-08 Subtitle Security Analysis for Investment and Corporate Finance Audience Undergraduate US Release Date 1994-11-08 AU Release Date 1994-10-06 Pages 240 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:403347;

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