The Little Book of Valuation : How to Value a Company, Pick a Stock, and Profit / Aswath Damodaran.

Format:

Book

Author/Creator:

Damodaran, Aswath, author.

Series:

Little Books. Big Profits Series.

Little Books. Big Profits Series

Language:

English

Subjects (All):

Corporations--Valuation.

Corporations.

Stocks--Prices.

Stocks.

Investment analysis.

Physical Description:

1 online resource (307 pages)

Edition:

Second edition.

Place of Publication:

Hoboken, New Jersey : Wiley, [2024]

Summary:

"Aswath Damodaran is "the Dean of Valuation". He has been regarded as a definitive source on the best valuation techniques that investors can deploy to value companies and stocks precisely and wisely. Valuation is at the heart of any investment decision, whether that decision is buy, sell or hold. Here he explains the techniques in language that even individual investors can understand, so they can make better investment decisions when reviewing fundamental stock research reports and engaging in their own independent efforts to value and pick stocks"-- Provided by publisher.

Contents:

Intro

Title Page

Copyright Page

Contents

Foreword

Part 1 Hit the Ground Running-Valuation Basics

Chapter 1 Value-More than a Number!: Understanding the Terrain

Two Approaches to Valuation

Why Should You Care?

Some Truths about Valuation

All Valuations Are Biased

Valuations (Even Good Ones) Are Wrong

Simpler Can Be Better

Start Your Engines!

Chapter 2 Power Tools ofthe Trade: Time Value, Risk, and Statistics

Time Is Money

Grappling with Risk

Accounting 101

Making Sense of Data

The Toolbox Is Full

Chapter 3 Yes, Virginia, Every Asset Has an Intrinsic Value: Determining Intrinsic Value

Value the Business or Just the Equity?

Inputs to Intrinsic Valuation

Cash Flows

Risk

Growth Rates

Terminal Value

Tying Up Loose Ends

What Do These Models Tell Us?

It's All in the Intrinsic Value!

Chapter 4 It's All Relative!: Determining Relative Value

Standardized Values and Multiples

Four Keys to Using Multiples

Definitional Tests

Descriptive Tests

Analytical Tests

Application Tests

Asset-based Valuation/Pricing

Intrinsic vs. Relative Value (Pricing)

Einstein Was Right

Chapter 5 Stories and Numbers: Narrative, Value, and Price

Valuation as a Bridge

From Story to Numbers: The Process

Step 1: Construct a Business Story

Step 2: The 3P Test

Step 3: Connecting Stories to Inputs

Step 4: From Inputs to Value

Step 5: Keeping the Feedback Loop Open

Story Resets, Changes, and Breaks

Stories + Numbers

Part 2 From Cradle to Grave-Life Cycle and Valuation

Chapter 6 Promise Aplenty: Valuing Young Growth Companies

Valuation Issues

Valuation Solutions

Intrinsic Valuation

Relative Valuation/Pricing

Are We Missing Something?

Chapter 7 Growing Pains: Valuing Growth Companies

Relative Valuation (Pricing)

Chapter 8 Valuation Viagra: Valuing Mature Companies

Operating Restructuring

Financial Restructuring

Nonoperating Assets

Can Changing Management Change Value?

Chapter 9 Doomsday: Valuing Declining Companies

Part 3 Breaking the Mold-Special Situations in Valuation

Chapter 10 Bank on It: Valuing Financial Service Companies

Chapter 11 Roller Coaster Investing: Valuing Cyclical and Commodity Companies

The Real Option Argument for Undeveloped Reserves

Conclusion: Rules for the Road

EULA.

Notes:

Description based on publisher supplied metadata and other sources.

"Fully updated and revised."

Description based on print version record.

ISBN:

1-394-24505-X

OCLC:

1427659398