Valuation techniques : discounted cash flow, earnings quality, measures of value added, and real options / David T. Larrabee, Jason A. Voss.

Format:

Book

Author/Creator:

Larrabee, David T.

Contributor:

Voss, Jason Apollo.

Series:

CFA Institute investment perspectives series

Language:

English

Subjects (All):

Corporations--Valuation.

Corporations.

Investment analysis.

Physical Description:

x, 608 pages : illustrations ; 27 cm.

Place of Publication:

Hoboken, N.J. : Wiley, [2013]

Contents:

Part I Valuation Perspectives: Then and Now 3

Chapter 1 Two Illustrative Approaches to Formula Valuations of Common Stocks / Benjamin Graham Graham, Benjamin 5

Reprinted from the Financial Analysts Journal (November 1957): 11-15.

Chapter 2 Seeking a Margin of Safety and Valuation / Matthew B. McLennan, CFA McLennan, Matthew B., CFA 17

Reprinted from CFA Institute Conference Proceedings Quarterly (June 2011): 27-34.

Part II Valuation Methodologies 29

Chapter 3 Company Performance and Measures of Value Added / Pamela P. Peterson Peterson, Pamela P., David R. Peterson Peterson, David R. 31

Reprinted from the Research Foundation of CFA Institute (December 1996).

Chapter 4 The Affordable Dividend Approach to Equity Valuation / Alfred Rappaport Rappaport, Alfred 93

Reprinted from the Financial Analysts Journal (July/August 1986): 52-58.

Chapter 5 Discounted-Cash-Flow Approach to Valuation / Gregory A. Gilbert Gilbert, Gregory A. 105

Reprinted from ICFA Continuing Education Series (1990): 23-30.

Chapter 6 Equity Securities Analysis Case Study: Merck & Company / Randall S. Billingsley Billingsley, Randall S. 115

Reprinted from AIMR Conference Proceedings: Equity Securities Analysis and Evaluation (December 1993): 63-95.

Chapter 7 Traditional Equity Valuation Methods / Thomas A. Martin Martin, Thomas A. 155

Reprinted from AIMR Conference Proceedings (May 1998): 21-35.

Chapter 8 A Simple Valuation Model and Growth Expectations / Morris G. Danielson Danielson, Morris G. 177

Reprinted from the Financial Analysts Journal (May/June 1998): 50-57.

Chapter 9 Franchise Valuation under Q-Type Competition / Martin L. Leibowitz Leibowitz, Martin L. 189

Reprinted from the Financial Analysts Journal (November/December 1998): 62-74.

Chapter 10 Value Enhancement and Cash-Driven Valuation Models / Aswath Damodaran Damodaran, Aswath 209

Reprinted from AIMR Conference Proceedings: Practical Issues in Equity Analysis (February 2000): 4-17.

Chapter 11 FEVA: A Financial and Economic Approach to Valuation / Xavier Adserà Adserà, Xavier, Pere Viñolas Viñolas, Pere 229

Reprinted from the Financial Analysts Journal (March/April 2003): 80-87.

Chapter 12 Choosing the Right Valuation Approach / Charles M.C. Lee Lee, Charles M.C. 243

Reprinted from AIMR Conference Proceedings: Equity Valuation in a Global Context (April 2003): 4-14.

Chapter 13 Choosing the Right Valuation Approach / Robert Parrino Parrino, Robert 259

Reprinted from CFA Institute Conference Proceedings: Analyzing Researching and Valuing Equity Investments (June 2005): 15-28.

Chapter 14 Valuing Illiquid Common Stock / Edward A. Dyl Dyl, Edward A., George J. Jiang Jiang, George J. 279

Reprinted from the Financial Analysts Journal (July/August 2008): 40-47.

Part III Earnings and Cash Flow Analysis 291

Chapter 15 Earnings: Measurement, Disclosure, and the Impact on Equity Valuation / D. Eric Hirst Hirst, D. Eric, Patrick E. Hopkins Hopkins, Patrick E. 293

Reprinted from die Research Foundation of CFA Institute (August 2000).

Chapter 16 Cash Flow Analysis and Equity Valuation / James A. Ohlson Ohlson, James A. 349

Reprinted from AIMR Conference Proceedings: Equity Research and Valuation Techniques (May 1998): 36-43.

Chapter 17 Accounting Valuation: Is Earnings Quality an Issue? / Bradford Cornell Cornell, Bradford, Wayne R. Landsman Landsman, Wayne R. 361

Reprinted from the Financial Analysts Journal (November/December 2003): 20-28.

Chapter 18 Earnings Quality Analysis and Equity Valuation / Richard G. Sloan Sloan, Richard G. 375

Reprinted from CFA Institute Conference Proceedings Quarterly (September 2006): 52-60.

Chapter 19 Is Cash Flow King in Valuations? / Jing Liu Liu, Jing, Doron Nissim Nissim, Doron, Jacob Thomas Thomas, Jacob 389

Reprinted from the Financial Analysts Journal (March/April 2007): 56-68.

Part IV Option Valuation 407

Chapter 20 Employee Stock Options and Equity Valuation / Mark Lang Lang, Mark 409

Reprinted from the Research Foundation of CFA Institute (July 2004).

Chapter 21 Employee Stock Option Valuation with an Early Exercise Boundary / Neil Brisley Brisley, Neil, Chris K. Anderson Anderson, Chris K. 465

Reprinted from the Financial Analysts Journal (September/October 2008): 88-100.

Part V Real Options Valuation 483

Chapter 22 Real Options and Investment Valuation / Don M. Chance Chance, Don M., Pamela P. Peterson Peterson, Pamela P. 485

Reprinted from the Research Foundation of CFA Institute (July 2002).

Chapter 23 Real-Options Valuation for a Biotechnology Company / David Kellogg Kellogg, David, John M. Charnes Charnes, John M. 573

Reprinted from the Financial Analysts Journal (May/June 2000): 76-84..

Notes:

Includes bibliographical references and index.

ISBN:

9781118397435

1118397436

OCLC:

781681239