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

eng

Includes bibliographical references and index

index present

non fiction

Valuation techniques

electronic resource eBook

dictionaries

David T. Larrabee, Jason A. Voss [editors]

CFA Institute investment perspectives

discounted cash flow, earnings quality, measures of value added, and real options

Analysis and insights from top thought leaders on a pivotal topic in investing and asset management Valuation is the cornerstone for investment analysis, and a thorough understanding and correct application of valuation methodologies are critical for long-term investing success. Edited by two leading valuation experts from CFA Institute, this book brings together the insights and expertise of some of the most astute and successful investment minds of the past 50 years. From Benjamin Graham, the "father of value investing," to Aswath Damodaran, you'll learn what these investment luminaries have to say about investment valuation techniques, including earnings and cash flow analysis.-Features the best thinking on valuation from the industry's masters on the topic, supplemented with dozens of fascinating and instructive real-world examples -Comprehensively discusses special valuation situations, such as real options, employee stock options, highly leveraged firms, corporate takeovers, and more -Supplies you with the tools you need to successfully navigate and thrive in the ever-changing financial markets -Is being produced with the full support and input of CFA Institute, the world's leading association of investment professionals

Two illustrative approaches to formula valuations of common stocks / Benjamin Graham -- Seeking a margin of safety and valuation / Matthew B. McLennan -- Company performance and measures of value added / Pamela P. Peterson and David R. Peterson -- The affordable dividend approach to equity valuation / Alfred Rappaport -- Discounted-cash-flow approach to valuation / Gregory A. Gilbert -- Equity securities analysis case study : Merck & Company / Randall S. Billingsley -- Traditional equity valuation methods / Thomas A. Martin Jr. -- A simple valuation model and growth expectations / Morris G. Danielson -- Franchise valuation under Q-type competition / Martin L. Leibowitz -- Value enhancement and cash-driven valuation models / Aswath Damodaran -- FEVA : a financial and economic approach to valuation / Xavier Adserà and Pere Viñolas -- Choosing the right valuation approach / Charles M.C. Lee -- Choosing the right valuation approach / Robert Parrino -- Valuing illiquid common stock / Edward A. Dyl and George J. Jiang -- Earnings : measurement, disclosure, and the impact on equity valuation / D. Eric Hirst and Patrick E. Hopkins -- Cash flow analysis and equity valuation / James A. Ohlson -- Accounting valuation : is earnings quality an issue? / Bradford Cornell and Wayne R. Landsman -- Earnings quality analysis and equity valuation / Richard G. Sloan -- Is cash flow king in valuations? / Jing Liu, Doron Nissim, and Jacob Thomas -- Employee stock options and equity valuation / Mark Lang -- Employee stock options valuation with an early exercise boundary / Neil Brisley and Chris K. Anderson -- Real options and investment valuation / Don M. Chance and Pamela P. Peterson -- Real-options valuation for a biotechnology company / David Kellogg and John M. Charnes