Damodaran on Valuation

Damodaran on ValuationCondition: BRAND NEW ISBN: 9780471108979 Year: 1994 Publisher: John Wiley & Sons Inc (US) Pages: 232 Description: Damondaran on Valuation will not only convince you of the vitalityof the many valuation models available to you, it will help ensurethat you develop the acumen needed to select the right model forany valuation scenario. Written by a gifted teacher and respected valuation authority, Damodaran on Valuation offers systematic examination of

Condition: BRAND NEW
ISBN: 9780471108979
Year: 1994
Publisher: John Wiley & Sons Inc (US)
Pages: 232


Description:


Damondaran on Valuation will not only convince you of the vitalityof the many valuation models available to you, it will help ensurethat you develop the acumen needed to select the right model forany valuation scenario.


Written by a gifted teacher and respected valuation authority, Damodaran on Valuation offers systematic examination of the threebasic approaches to valuation - discounted cash-flow valuation,relative valuation, and contingent claim valuation - and thevarious models within these broad categories.


Using numerous real-world examples involving both US andInternational firms, the book illuminates the purpose of eachparticular model, its advantages and limitatations, thestep-by-step process involved in putting the model to work, and thekinds of firms to which it is best applied. Among the toolspresented are designed to:


Estimate the cost of equity - including the capital asset pricingmodel and arbitrage pricing model

Estimate growth rates - with coverage of how to arrive at aweighted average of growth rates by blending three separateapproaches

Value equity - focusing on the Gordon Growth Model and thetwo-and three-stage dividend discount model

Measure free cash flow to equity - cash flows that are carefullydelineated from the dividends of most firms

Value firms - including free cash flow to firm models, which areespecially suited to highly leveraged firms

Estimate the value of assets by looking at the pricing ofcomparable assets - with insight into the use and misuse ofprice/earning and price/book value ratios, and underutilizedprice-to-sa