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Valuation: The Art and Science of Corporate Investment Decisions, 3rd edition

  • Sheridan Titman

Published by Pearson (December 24th 2014) - Copyright © 2016

3rd edition

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Valuation: The Art and Science of Corporate Investment Decisions

ISBN-13: 9780133479522

Includes: Hardcover
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$133.32 $166.65

What's included

  • Hardcover

    You'll get a bound printed text.

Overview

Key Benefit:

The Art and Science of Corporate Investment Decisions provides an up-to-date, integrated treatment of the valuation of investment opportunities. Taking both industry practice and recent advances in valuation methods into consideration, this text introduces readers to a broad spectrum of valuation approaches and equips them to make wise investment decisions. The Third Edition exposes readers to the latest valuation tools being used in the industry. Practical examples are offered throughout the text to help readers understand core principles in the context of realistic situations. Using the accompanying spreadsheets and simulation tools, readers will be able to glean information from a variety of sources, construct models that utilize this information, and then summarize their analysis in a meaningful way.

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Key Topics:

Overview of Valuation; Forecasting and Valuing Cash Flows; Project Risk Analysis; Estimating a Firm’s Cost of Capital; Estimating Required Rates of Return for Projects; Forecasting Financial Performance; Earnings Dilution, Incentive Compensation, and Project Selection; Relative Valuation Using Market Comparables; Enterprise Valuation; Valuation in a Private Equity Setting; Using Futures and Options to Value Real Investments; Managerial Flexibility and Project Valuation: Real Options; Strategic Options: Evaluating Strategic Opportunities

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Market:

Suitable for readers looking to evaluate investment opportunities.

Table of contents

Preface

Acknowledgments

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1. Overview of Valuation

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PART I:¿ PROJECT ANALYSIS USING DISCOUNTED CASH FLOW (DCF)

2. Forecasting and Valuing Cash Flows

3.¿Project Risk Analysis

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PART II: COST OF CAPITAL

4. Estimating a Firm’s Cost of Capital

5. Estimating Required Rates of Return for Projects

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PART III: FINANCIAL STATEMENTS AND VALUATION

6. Forecasting Financial Performance

7. Earnings Dilution, Incentive Compensation, and Project Selection

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PART IV: ENTERPRISE VALUATION

8. Relative Valuation Using Market Comparables

9. Enterprise Valuation

10. Valuation in a Private Equity Setting

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PART V : FUTURES, OPTIONS, AND THE VALUATION OF REAL INVESTMENTS

11. Using Futures and Options to Value Real Investments

12. Managerial Flexibility and Project Valuation: Real Options

13. Strategic Options: Evaluating Strategic Opportunities

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Epilogue

Index

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