Valuation, Pearson New International Edition, 2nd edition

Published by Pearson (1 August 2013) © 2014

  • Sheridan Titman University of Texas at Austin
  • John D. Martin Baylor University
Products list

Details

  • A print edition

Title overview

For upper-division undergraduate and MBA students as well as business professionals.
Seeing the economic realities of the modern corporation through an integrated approach.
Titman/Martin presents an integrated approach to both project and enterprise valuation, showing readers the economic realities that today’s modern corporations face. This text also goes beyond standard DCF analysis by including additional valuation methods that are commonly used in practice, such as comparables, simulations, and real options.
The second edition includes an increased emphasis on enterprise valuation, a new chapter on financial forecasting, and enhanced examples and illustrations.

Table of contents

Chapter 1. Overview of Valuation
PART I: Project Analysis Using Discounted Cash Flow (DCF)
Chapter 2. Forecasting and Valuing Cash Flows
Chapter 3. Project Risk Analysis
PART II: Cost of Capital
Chapter 4. Estimating a Firm’s Cost of Capital
Chapter 5. Estimating Required Rates of Return for Projects
PART III:  Financial Statements and Valuation
Chapter 6. Forecasting Financial Performance
Chapter 7.  Earnings Dilution, Incentive Compensation, and Project Selection
PART IV:  Enterprise Valuation
Chapter 8. Relative Valuation Using Market Comparables  
Chapter 9.  Enterprise Valuation
Chapter 10.  Valuation in a Private Equity Setting
PART V:  Futures, Options, and the Valuation of Real Investments
Chapter 11. Using Futures and Options to Value Real Investments
Chapter 12. Managerial Flexibility and Project Valuation: Real Options

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