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Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Valuation 6th edition [Minkštas viršelis]

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  • Formatas: Paperback / softback, 256 pages, aukštis x plotis x storis: 252x175x23 mm, weight: 386 g
  • Serija: Wiley Finance
  • Išleidimo metai: 27-Oct-2015
  • Leidėjas: John Wiley & Sons Inc
  • ISBN-10: 1118873874
  • ISBN-13: 9781118873878
Kitos knygos pagal šią temą:
  • Formatas: Paperback / softback, 256 pages, aukštis x plotis x storis: 252x175x23 mm, weight: 386 g
  • Serija: Wiley Finance
  • Išleidimo metai: 27-Oct-2015
  • Leidėjas: John Wiley & Sons Inc
  • ISBN-10: 1118873874
  • ISBN-13: 9781118873878
Kitos knygos pagal šią temą:
A vital companion to the #1 best-selling guide to corporate valuation

Valuation Workbook is the ideal companion to McKinsey's Valuation, helping you get a handle on difficult concepts and calculations before using them in the real world. This workbook reviews all things valuation, with chapter-by-chapter summaries and comprehensive questions and answers that allow you to test your knowledge and skills. Useful both in the classroom and for self-study, this must-have guide is essential for reviewing and applying the renowned McKinsey & Company approach to valuation and reinforces the major topics discussed in detail in the book. Fully updated to align with the sixth edition ofValuation, this workbook is an invaluable learning tool for students and professionals alike.

Valuation has become central to corporate financial strategy, and practitioners must be exceptional at every aspect of the role. There is no room for weak points, and excellence is mandatory. This workbook helps you practice, review, study, and test yourself until you are absolutely solid in every concept, every technique, and every aspect of valuation as demanded in today's economy.

  • Master value creation, value metrics, M&A, joint ventures, and more
  • Analyze historical information, forecast performance, and analyze results
  • Estimate the cost of capital, continuing value, and other vital calculations
  • Test your understanding before putting it to work in the real world

Designed specifically to reinforce the material presented in the book, this workbook provides independent learners with the opportunity to try their hand at critical valuation skills, and helps students master the material so they can enter the job market ready to perform. For financial professionals and students seeking deep, comprehensive understanding,Valuation Workbook is an essential part of the McKinsey Valuation suite.

About the Authors ix
Introduction xi
Part One Questions
1 Why Value Value?
3(2)
2 Fundamental Principles of Value Creation
5(4)
3 Conservation of Value and the Role of Risk
9(2)
4 The Alchemy of Stock Market Performance
11(4)
5 The Stock Market Is Smarter Than You Think
15(6)
6 Return on Invested Capital
21(4)
7 Growth
25(4)
8 Frameworks for Valuation
29(4)
9 Reorganizing the Financial Statements
33(4)
10 Analyzing Performance
37(4)
11 Forecasting Performance
41(4)
12 Estimating Continuing Value
45(4)
13 Estimating the Cost of Capital
49(4)
14 Moving from Enterprise Value to Value per Share
53(4)
15 Analyzing the Results
57(4)
16 Using Multiples
61(4)
17 Valuing by Parts
65(4)
18 Taxes
69(4)
19 Nonoperating Items, Provisions, and Reserves
73(4)
20 Leases and Retirement Obligations
77(4)
21 Alternative Measures of Return on Capital
81(4)
22 Inflation
85(4)
23 Cross-Border Valuation
89(4)
24 Case Study: Heineken
93(6)
25 Corporate Portfolio Strategy
99(4)
26 Performance Management
103(4)
27 Mergers and Acquisitions
107(6)
28 Divestitures
113(4)
29 Capital Structure, Dividends, and Share Repurchases
117(4)
30 Investor Communications
121(4)
31 Emerging Markets
125(2)
32 Valuing High-Growth Companies
127(2)
33 Cyclical Companies
129(4)
34 Banks
133(4)
35 Flexibility
137(6)
Part Two Solutions
1 Why Value Value?
143(2)
2 Fundamental Principles of Value Creation
145(2)
3 Conservation of Value and the Role of Risk
147(2)
4 The Alchemy of Stock Market Performance
149(2)
5 The Stock Market Is Smarter Than You Think
151(2)
6 Return on Invested Capital
153(2)
7 Growth
155(2)
8 Frameworks for Valuation
157(2)
9 Reorganizing the Financial Statements
159(2)
10 Analyzing Performance
161(2)
11 Forecasting Performance
163(4)
12 Estimating Continuing Value
167(2)
13 Estimating the Cost of Capital
169(2)
14 Moving from Enterprise Value to Value per Share
171(2)
15 Analyzing the Results
173(2)
16 Using Multiples
175(2)
17 Valuing by Parts
177(2)
18 Taxes
179(2)
19 Nonoperating Items, Provisions, and Reserves
181(4)
20 Leases and Retirement Obligations
185(4)
21 Alternative Measures of Return on Capital
189(2)
22 Inflation
191(4)
23 Cross-Border Valuation
195(2)
24 Case Study: Heineken
197(6)
25 Corporate Portfolio Strategy
203(2)
26 Performance Management
205(2)
27 Mergers and Acquisitions
207(2)
28 Divestitures
209(2)
29 Capital Structure, Dividends, and Share Repurchases
211(4)
30 Investor Communications
215(4)
31 Emerging Markets
219(2)
32 Valuing High-Growth Companies
221(2)
33 Cyclical Companies
223(2)
34 Banks
225(4)
35 Flexibility
229
McKINSEY & COMPANY is a global management-consulting firm that serves across a wide range of industries and functions.

TIM KOLLER is a partner in McKinsey's New York office, where he leads a global team of corporate-finance expert consultants.

MARC GOEDHART is a senior expert in McKinsey's Amsterdam office and leads the firm's Corporate Performance Center in Europe.

DAVID WESSELS is an adjunct professor of finance at the Wharton School of the University of Pennsylvania.

MICHAEL CICHELLO is a faculty member at the McDonough School of Business at Georgetown University.