Valuation : measuring and managing the value of companies / Tim Koller, Marc Goedhart, David Wessels

Includes index.

Part One. Foundations of value -- Part Two. Core valuation techniques -- Part Three. Advanced valuation techniques -- Part Four. Managing for value -- Part Five. Special situations -- Appendix A. Discounted economic profit equals discounted free cash flow -- Appendix B. Derivation of free cash flow, weighted average cost of capital, and adjusted present value -- Appendix C. Levering and unlevering the cost of equity -- Appendix D. Leverage and the price-to-earnings multiple -- Appendix E. Other capital structure issues -- Appendix F. Technical issues in estimating the market risk premium -- Appendix G. Global, International, and local CAPM -- Appendix H. A valuation of cost-co wholesale -- Appendix I. Two-stage formula for continuing value.

Valuation lies at the crossroads of corporate strategy and finance. In today's economy, it has become an essential role -- and one that requires excellence at all points. This guide shows you everything you need to know, and gives you the understanding you need to be effective. Valuation is the single best guide of its kind, helping financial professionals worldwide excel at measuring, managing, and maximizing shareholder and company value. This new seventh edition provides insights on the strategic advantages of value-based management, complete detailed instruction, and nuances managers should know about valuation and valuation techniques as applied to different industries, emerging markets, and other special situations