Valuation : measuring and managing the value of companies / Mckinsey & Company ; Tim Koller, Marc Goedhart, David Wessels.
By: McKinsey and Company.
Contributor(s): Koller, Tim | Goedhart, Marc H | Wessels, David.Publisher: Hoboken, New Jersey : Wiley, Edition: Sixth edition.Description: xvii, 825 pages : illustrations ; 26 cm.ISBN: 111887370X (cloth edition); 9781118873700 (cloth edition); 9781118873687; 1118873688; 9781118873878 (workbook).Subject(s): Corporations -- Valuation -- Handbooks, manuals, etc | Corporations -- ValuationGenre/Form: Handbooks and manuals.
Includes bibliographical references and 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.
This book contains a solid framework for valuation: analyzing historical performance, including reorganizing a company's financial statements to reflect economic rather than accounting performance; forecasting performance, with emphasis on not just the mechanics of forecasting but also how to think about a company's future economics; estimating the cost of capital with practical tips that aren't found in textbooks; interpreting the results of a valuation in light of a company's competitive situation; and linking a company's valuation multiples to the core drivers of its performance. Valuati.