Corporate Valuation : measuring the Value of Companies in Turbulent Times /
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| Author / Creator: | Massari, Mario, author. |
|---|---|
| Imprint: | Somerset [New Jersey] : John Wiley & Sons, Inc., [2016] ©2016 |
| Description: | 1 online resource ( 515 pages) |
| Language: | English |
| Series: | Wiley finance |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/10834988 |
Table of Contents:
- Cover; Title Page; Copyright; Contents; Preface; Acknowledgments; About the Author; Chapter 1 Introduction; 1.1 What We Should Know to Value a Company; 1.2 Valuation Methods: An Overview; 1.2.1 Common Practices in the Accounting and Financial Communities; 1.2.2 Approach of This Book; 1.3 The Time Value of Money; 1.4 Uncertainty in Company Valuations; 1.4.1 Organizing the Analysis; 1.5 Uncertainty and Managerial Flexibility; 1.5.1 Static versus Dynamic Assumption; 1.5.2 Some Conclusions on Uncertainty and Managerial Flexibility; 1.5.3 Valuing Companies Assuming a Dynamic Standpoint.
- 1.6 Relationship between Value and UncertaintyChapter 2 Business Forecasting for Valuation; 2.1 Introduction; 2.2 Key Phases of the Business Plan Elaboration; 2.2.1 Markets, Competitive Positioning, and Past Results; 2.2.2 Definition of the Competitive Strategies; 2.2.3 Definition of the Actions Needed to Implement the Competitive Strategy; 2.2.4 The Formulation of the Quantitative Assumptions; 2.2.5 Preparation of the Plan Forecasts; 2.3 What Drives the Preparation of a Business Plan?; 2.3.1 A Components Manufacturer; 2.3.2 Commercial Companies Operating through a Network of Points of Sale.
- 2.3.3 Companies Operating on Order2.3.4 Companies Operating in Regulated Sectors; 2.4 The Main Methodological Issues; 2.4.1 Time Horizon Covered by the Plan; 2.4.2 Real Business Plans versus Nominal Business Plans; 2.4.3 Aspects to Develop in the Phase of Business Plan Critical Analysis; 2.4.4 Sensitivity Analysis; Chapter 3 Scenario Analysis; 3.1 Introduction; 3.2 What Is Scenario Analysis?; 3.3 Difference between Scenario and Sensitivity Analysis; 3.4 When to Perform Scenario Analysis; 3.5 Worst and Best Cases and What Happens Next; 3.6 Multi-Scenario Analysis; 3.7 Pros and Cons.
- 3.8 How to Perform Scenario Analysis in Excel3.9 Conclusions; Chapter 4 Monte Carlo Valuation; 4.1 Introducing Monte Carlo Techniques; 4.2 Monte Carlo and Corporate Valuation; 4.3 A Step-by-Step Procedure; 4.4 Case Study: Outdoor Inc. Valuation; 4.5 A Step-by-Step Guide Using Excel and Crystal Ball; Chapter 5 Determining Cash Flows for Company Valuation; 5.1 Introduction; 5.2 Reorganization of the Balance Sheet; 5.2.1 Uses of Funds Related to Operating Activities; 5.2.2 Sources of Financing; 5.2.3 Reorganization of the Balance Sheet of Printing Co.
- 5.3 Relationship between a Company's Balance Sheet and~Income Statement5.3.1 Reorganization of Printing Co.'s Income Statement; 5.4 From the Economic to the Financial Standpoint; 5.4.1 Cash Flow from Operating Activities: Cash Generated from Current Operations; 5.4.2 Cash Flow from Operating Activities: Investing Activities; 5.4.3 Cash Flow from Financing Activities; 5.4.4 Cash Flow from Surplus Assets; 5.4.5 Uses and Sources of Funds; 5.5 Cash Flow Definitions and Valuation Models; 5.6 Business Plan and Cash Flow Projections; 5.6.1 The Basic Assumptions.
- Introduction
- Business forecasting for valuation
- Scenario Analysis1
- Monte Carlo Valuation1
- Determining cash flows for company valuation
- Choosing the valuation standpoint
- Leverage and value in growth scenarios
- Estimating the cost of capital
- Cash flow profiles and valuation procedures
- A steady state cash flow model
- Discounting cash flows and terminal value
- Multiples: an overview
- Multiples in practice
- The acquisition value
- Value and prices in the market for corporate control
- Valuation considerations on rights issues
- Carbon risk and corporate value1
- Index.