Investment valuation tools and techniques for determining the value of any asset

"The definitive source of information on all topics related to investment valuation tools and techniquesValuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially a...

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Bibliographic Details
Main Author: Damodaran, Aswath
Format: eBook
Language:English
Published: Hoboken, New Jersey Wiley 2012
Edition:3rd ed
Series:Wiley finance series
Subjects:
Online Access:
Collection: O'Reilly - Collection details see MPG.ReNa
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505 0 |a Includes bibliographical references and index 
505 0 |a Implications of Market EfficiencyNecessary Conditions for Market Efficiency; Propositions about Market Efficiency; Testing Market Efficiency; Cardinal Sins in Testing Market Efficiency; Some Lesser Sins That Can Be a Problem; Evidence on Market Efficiency; Time Series Properties of Price Changes; Market Reaction to Information Events; Market Anomalies; Evidence on Insiders and Investment Professionals; Conclusion; Questions and Short Problems; CHAPTER 7 Riskless Rates and Risk Premiums; The Risk-Free Rate; Equity Risk Premium; Default Spreads on Bonds; Conclusion; Questions and Short Problems 
505 0 |a CHAPTER 8 Estimating Risk Parameters and Costs of FinancingThe Cost of Equity and Capital; Cost of Equity; From Cost of Equity to Cost of Capital; Best Practices at Firms; Conclusion; Questions and Short Problems; CHAPTER 9 Measuring Earnings; Accounting versus Financial Balance Sheets; Adjusting Earnings; Conclusion; Questions and Short Problems; CHAPTER 10 From Earnings to Cash Flows; The Tax Effect; Reinvestment Needs; Conclusion; Questions and Short Problems; CHAPTER 11 Estimating Growth; The Importance of Growth; Historical Growth; Analyst Estimates of Growth 
505 0 |a ConclusionQuestions and Short Problems; CHAPTER 4 The Basics of Risk; What is Risk?; Equity Risk and Expected Return; Alternative Models for Equity Risk; A Comparative Analysis of Equity Risk Models; Models of Default Risk; Conclusion; Questions and Short Problems; CHAPTER 5 Option Pricing Theory and Models; Basics of Option Pricing; Determinants of Option Value; Option Pricing Models; Extensions of Option Pricing; Conclusion; Questions and Short Problems; CHAPTER 6 Market Efficiency-Definition, Tests, and Evidence; Market Efficiency and Investment Valuation; What Is an Efficient Market? 
505 0 |a Fundamental Determinants of GrowthQualitative Aspects of Growth; Conclusion; Questions and Short Problems; CHAPTER 12 Closure in Valuation: Estimating Terminal Value; Closure in Valuation; The Survival Issue; Closing Thoughts on Terminal Value; Conclusion; Questions and Short Problems; CHAPTER 13 Dividend Discount Models; The General Model; Versions of the Model; Issues in Using the Dividend Discount Model; Tests of the Dividend Discount Model; Conclusion; Questions and Short Problems; CHAPTER 14 Free Cash Flow to Equity Discount Models; Measuring What Firms Can Return to Their Stockholders 
505 0 |a Investment Valuation; Contents; CHAPTER 1 Introduction to Valuation; A Philosophical Basis for Valuation; Generalities about Valuation; The Role of Valuation; Conclusion; Questions and Short Problems; CHAPTER 2 Approaches to Valuation; Discounted Cash Flow Valuation; Relative Valuation; Contingent Claim Valuation; Conclusion; Questions and Short Problems; CHAPTER 3 Understanding Financial Statements; The Basic Accounting Statements; Asset Measurement and Valuation; Measuring Financing Mix; Measuring Earnings and Profitability; Measuring Risk; Other Issues in Analyzing Financial Statements 
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520 |a "The definitive source of information on all topics related to investment valuation tools and techniquesValuation is at the heart of any investment decision, whether that decision is buy, sell or hold. But the pricing of many assets has become a more complex task in modern markets, especially after the recent financial crisis. In order to be successful at this endeavor, you must have a firm understanding of the proper valuation techniques. One valuation book stands out as withstanding the test of time among investors and students of financial markets, Aswath Damodaran'sInvestment Valuation. Now completely revised and updated to reflect changing market conditions, this third edition comprehensively introduces investment professionals and students to the range of valuation models available and how to chose the right model for any given asset valuation scenario. This edition includes valuation techniques for a whole host of real options, start-up firms, unconventional assets, distressed companies and private equity, and real estate. All examples have been updated and new material has been added. Fully revised to incorporate valuation lessons learned from the last five years, from the market crisis and emerging markets to new types of equity investments Includes valuation practices across the life cycle of companies and emphasizes value enhancement measures, such as EVA and CFROI Contains a new chapter on probabilistic valuation techniques such as decision trees and Monte Carlo Simulation Author Aswath Damodaran is regarded as one of the best educators and thinkers on the topic of investment valuation This indispensable guide is a must read for anyone wishing to gain a better understanding of investment valuation and its methods. With it, you can take the insights and advice of a recognized authority on the valuation process and immediately put them to work for you"--