About the Authors |
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ix | |
Introduction |
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xi | |
Part One Questions |
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3 | (2) |
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2 Fundamental Principles of Value Creation |
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5 | (4) |
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3 Conservation of Value and the Role of Risk |
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9 | (2) |
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4 The Alchemy of Stock Market Performance |
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11 | (4) |
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5 The Stock Market Is Smarter Than You Think |
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15 | (6) |
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6 Return on Invested Capital |
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21 | (4) |
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25 | (4) |
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8 Frameworks for Valuation |
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29 | (4) |
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9 Reorganizing the Financial Statements |
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33 | (4) |
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37 | (4) |
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11 Forecasting Performance |
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41 | (4) |
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12 Estimating Continuing Value |
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45 | (4) |
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13 Estimating the Cost of Capital |
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49 | (4) |
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14 Moving from Enterprise Value to Value per Share |
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53 | (4) |
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57 | (4) |
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61 | (4) |
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65 | (4) |
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69 | (4) |
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19 Nonoperating Items, Provisions, and Reserves |
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73 | (4) |
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20 Leases and Retirement Obligations |
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77 | (4) |
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21 Alternative Measures of Return on Capital |
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81 | (4) |
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85 | (4) |
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23 Cross-Border Valuation |
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89 | (4) |
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93 | (6) |
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25 Corporate Portfolio Strategy |
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99 | (4) |
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26 Performance Management |
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103 | (4) |
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27 Mergers and Acquisitions |
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107 | (6) |
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113 | (4) |
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29 Capital Structure, Dividends, and Share Repurchases |
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117 | (4) |
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30 Investor Communications |
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121 | (4) |
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125 | (2) |
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32 Valuing High-Growth Companies |
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127 | (2) |
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129 | (4) |
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133 | (4) |
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137 | (6) |
Part Two Solutions |
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143 | (2) |
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2 Fundamental Principles of Value Creation |
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145 | (2) |
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3 Conservation of Value and the Role of Risk |
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147 | (2) |
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4 The Alchemy of Stock Market Performance |
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149 | (2) |
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5 The Stock Market Is Smarter Than You Think |
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151 | (2) |
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6 Return on Invested Capital |
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153 | (2) |
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155 | (2) |
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8 Frameworks for Valuation |
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157 | (2) |
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9 Reorganizing the Financial Statements |
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159 | (2) |
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161 | (2) |
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11 Forecasting Performance |
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163 | (4) |
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12 Estimating Continuing Value |
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167 | (2) |
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13 Estimating the Cost of Capital |
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169 | (2) |
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14 Moving from Enterprise Value to Value per Share |
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171 | (2) |
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173 | (2) |
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175 | (2) |
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177 | (2) |
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179 | (2) |
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19 Nonoperating Items, Provisions, and Reserves |
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181 | (4) |
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20 Leases and Retirement Obligations |
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185 | (4) |
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21 Alternative Measures of Return on Capital |
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189 | (2) |
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191 | (4) |
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23 Cross-Border Valuation |
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195 | (2) |
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197 | (6) |
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25 Corporate Portfolio Strategy |
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203 | (2) |
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26 Performance Management |
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205 | (2) |
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27 Mergers and Acquisitions |
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207 | (2) |
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209 | (2) |
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29 Capital Structure, Dividends, and Share Repurchases |
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211 | (4) |
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30 Investor Communications |
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215 | (4) |
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219 | (2) |
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32 Valuing High-Growth Companies |
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221 | (2) |
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223 | (2) |
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225 | (4) |
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229 | |