Crunch The Numbers - Valuation

A lightweight A5-sized book, describing essential valuation methods and processes from the ground up. This book has 84 pages. We do not charge tax on this product.

US$20.99

A lightweight A5-sized book, describing essential valuation methods and processes from the ground up. This book has 84 pages. We do not charge tax on this product.

This book includes:

Valuation

  • Introduction
  • The foundation
  • Market value vs. accounting values
  • Restating the balance sheet using market values

Basic Comparables

  • Comparable valuation
  • Which multiple?
  • Equity multiples
  • Enterprise value multiples
  • Using multiples to value unquoted companies
  • Annualization or calendarization

Advanced Comparable Valuation

  • Different accounting policies
  • Finance and operating leases
  • Cats and dogs
  • Transaction multiples

DCF Valuation

  • Overview
  • About free cash flows
  • A detailed look at free cash flows
  • Calculate terminal value
  • The Value Driver method
  • Discounting
  • Calculating the share price
  • Weighted average cost of capital
  • Finding the cost of debt
  • Finding the cost of equity

DCF Details

  • The risk-free rate
  • Estimating the equity risk
  • Beta
  • Return on invested capital (ROIC)

Leveraged Buyouts

  • Background to an LBO and what companies make good LBO targets
  • The operational forecast
  • Establishing the debt capacity
  • Initial deal structure
  • Calculating returns to equity holders
  • Sensitizing the structure

 

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