Valuation : measuring and managing the value of companies / McKinsey & Company, Tim Koller, Marc Goedhart, David Wessels.

Format:

Book

Author/Creator:

McKinsey and Company.

Koller, Tim, author.

Goedhart, Marc H., author.

Wessels, David, author.

Contributor:

Lippincott Library Book Endowment Fund.

Series:

Wiley finance series

Language:

English

Subjects (All):

Corporations--Valuation.

Corporations--Valuation--Handbooks, manuals, etc.

Corporations.

Genre:

Handbooks and manuals.

Physical Description:

xviii, 878 pages : illustrations ; 26 cm.

Edition:

Seventh edition.

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons, Inc., [2020]

Summary:

"Valuation lies at the crossroads of corporate strategy and finance. In today's economy, it has become an essential role -- and one that requires excellence at all points. This guide shows you everything you need to know, and gives you the understanding you need to be effective. Valuation is the single best guide of its kind, helping financial professionals worldwide excel at measuring, managing, and maximizing shareholder and company value. This new seventh edition provides insights on the strategic advantages of value-based management, complete detailed instruction, and nuances managers should know about valuation and valuation techniques as applied to different industries, emerging markets, and other special situations"-- Provided by publisher.

Contents:

Part 1 Foundations of Value

1 Why Value Value? p. 3

2 Finance in a Nutshell p. 17

3 Fundamental Principles of Value Creation p. 27

4 Risk and the Cost of Capital p. 55

5 The Alchemy of Stock Market Performance p. 69

6 Valuation of ESG and Digital Initiatives p. 83

7 The Stock Market Is Smarter Than You Think p. 99

8 Return on Invested Capital p. 127

9 Growth p. 155

Part 2 Core Valuation Techniques

10 Frameworks for Valuation p. 177

11 Reorganizing the Financial Statements p. 205

12 Analyzing Performance p. 239

13 Forecasting Performance p. 259

14 Estimating Continuing Value p. 285

15 Estimating the Cost of Capital p. 305

16 Moving from Enterprise Value to Value per Share p. 335

17 Analyzing the Results p. 357

18 Using Multiples p. 367

19 Valuation by Parts p. 391

Part 3 Advanced Valuation Techniques

20 Taxes p. 413

21 Nonoperating Items, Provisions, and Reserves p. 427

22 Leases p. 443

23 Retirement Obligations p. 457

24 Measuring Performance in Capital-Light Businesses p. 467

25 Alternative Ways to Measure Return on Capital p. 483

26 Inflation p. 493

27 Cross-Border Valuation p. 507

Part 4 Managing for Value

28 Corporate Portfolio Strategy p. 527

29 Strategic Management: Analytics p. 547

30 Strategic Management: Mindsets and Behaviors p. 571

31 Mergers and Acquisitions p. 585

32 Divestitures p. 613

33 Capital Structure, Dividends, and Share Repurchases p. 633

34 Investor Communications p. 667

Part 5 Special Situations

35 Emerging Markets p. 691

36 High-Growth Companies p. 709

37 Cyclical Companies p. 725

38 Banks p. 733

39 Flexibility p. 759.

Notes:

First edition entered under: Copeland, Thomas E.

Includes bibliographical references and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Lippincott Library Book Endowment Fund.

Other Format:

Online version: McKinsey & Company, Valuation

ISBN:

9781119610885

1119610885

9781119612469

1119612462

OCLC:

1151521816