Author: Tim Koller File Type: pdf VALUATION, Fourth Edition with CD-ROMThe #1 guide to corporate valuation is back . . . and better than ever!The best valuation book just got better. This editions greater emphasis on what drives value and how to measure it will improve the way practitioners conduct financial analysis and, ultimately, make strategic decisions. It is required reading for all executives.Professor Benjamin C. Esty, Harvard Business School author of Modern Project Finance A CasebookThe bible in its field. Anyone wanting to understand what drives corporate value should read this latest edition.Dr. Raymund Breu, Chief Financial Officer, Novartis AGValuation gets to the heart of how to measure and manage value in a company. Whether you are evaluating an acquisition, restructuring a corporation, or formulating strategy, this book will help you do it well.John A. Manzoni, Chief Executive Refining and Marketing, BP plcPraise for the First EditionA how-to guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies.The New York TimesThe books clarity and comprehensive coverage make it one of the best practitioners guides to valuation.Financial TimesFrom the Inside FlapAt the crossroads of corporate strategy and finance lies valuation. And in todays economy whether youre a seasoned manager or a budding business professionalits essential to excel at measuring, managing, and maximizing shareholder and company value. Valuation,with its companion CD-ROM, will show you how to do just that and much more.Hailed by financial professionals worldwide as the single best guide of its kind, Valuation, Fourth Edition with CD-ROM combines the dynamic flexibility of Excel spreadsheets with the depth and breadth of a classic text. Thoroughly revised and expanded to reflect business conditions in todays volatile global economy, Valuation, Fourth Edition with CD-ROM continues the tradition of its bestselling predecessors by providing up-to-date insights and practical advice on how to create, manage, and measure the value of an organization. Along with all-new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect the events of the Internet bubble and its effect on stock markets, new developments in academic finance, changes in accounting rules (both U. S. and IFRS), and an enhanced global perspective.Valuation, Fourth Edition with CD-ROM is filled with expert guidance as well as a valuation model developed by McKinseys own finance practice. With the companion CD-ROM as your guide, you can even conduct your own valuation analysis of companies.This package contains a solid framework that managers at all levels, investors, and students have come to trust. With it, youll receive an executive education onullAnalyzing historical performance, including reorgan-izing a companys financial statements to reflect economic rather than accounting performancellForecasting performance, with emphasis on not just the mechanics of forecasting but also how to think about a companys future economicsllEstimating the cost of capital with practical tips that arent found in textbooksllInterpreting the results of a valuation in light of a companys competitive situationllLinking a companys valuation multiples to the core drivers of its performancelulValuation, Fourth Edition with CD-ROM remains true to its roots with an extensive discussion on the complexity of measuring corporate performance to assess historical financial results properly and to gain insight into a companys ability to create value in the future (its corporate health). A complementary chapter advises managers how to run companies to create long-term value, and a new chapter explores ways to improve communication with financial markets.Valuation, Fourth Edition with CD-ROM stands alone in this field with its reputation of quality and consistency. The author team of Tim Koller, Marc Goedhart, and David Wessels has taken the latest insights from their experiences working with global companies and created one of the most engaging and insightful guides to valuation. If you want to hone your valuation skills today and improve them for years to come, look no further than the Fourth Edition of Valuation with CD-ROM.McKINSEY & COMPANY is a management consulting firm that helps leading corporations and organizations make distinctive, lasting, and substantial improvements in their performance. Over the past seven decades, the firms primary objective has remained constant to serve as an organizations most trusted external advisor on critical issues facing senior management. With consultants deployed from over eighty offices in more than forty countries, McKinsey advises companies on strategic, operational, organizational, financial, and technological issues. The firm has extensive experience in all major industry sectors and primary functional areas, as well as in-depth expertise in high-priority areas for todays business leaders. From the Back CoverThe #1 guide to corporate valuation is back . . . and better than ever!The best valuation book just got better. This editions greater emphasis on what drives value and how to measure it will improve the way practitioners conduct financial analysis and, ultimately, make strategic decisions. It is required reading for all executives.Professor Benjamin C. Esty, Harvard Business School author of Modern Project Finance A CasebookThe bible in its field. Anyone wanting to understand what drives corporate value should read this latest edition.Dr. Raymund Breu, Chief Financial Officer, Novartis AGValuation gets to the heart of how to measure and manage value in a company. Whether you are evaluating an acquisition, restructuring a corporation, or formulating strategy, this book will help you do it well.John A. Manzoni, Chief Executive Refining and Marketing, BP plcPraise for the *First Edition*A how-to guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies.The New York TimesThe books clarity and comprehensive coverage make it one of the best practitioners guides to valuation.Financial Times

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