Corporate Valuation
- 1st Edition - April 1, 2012
- Imprint: Butterworth-Heinemann
- Author: Andrew Fight
- Language: English
- eBook ISBN:9 7 8 - 0 - 0 8 - 0 9 4 0 0 0 - 7
Valuation is a complex process involving detailed analysis and industry expertise and not simply an arithmetic exercise. Many people get it wrong by ignoring the key factors that… Read more
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Request a sales quoteValuation is a complex process involving detailed analysis and industry expertise and not simply an arithmetic exercise. Many people get it wrong by ignoring the key factors that drive value. How good are the products? What risks are attached to the cash flows? Does the company have a competitive advantage? Corporate Valuation will help readers to understand the value of a business and assess whether strategies such as an acquisition, disposal or expansion will enhance value. Topics include:* Ratio measurements * Cash flow-Based Valuation* Valuation of Capital Assets* Business Risks* Financial Risks* Returns On Investment (ROI)
*Inspired by basic entry level training courses that have been developed by major international banks worldwide* Will enable students and those already in the finance profession to gain an understanding of the basic information and principles of cash flow forecasting* Includes questions with answers, study topics, practical "real world" examples and extensive bibliography
For those who work in Corporate Finance who are on the early career ladders of Valuation Specialists, Professional Corporate Appraisers, Financial Analysts, Mergers and Acquisitions Advisors.
Introduction: Definition; Terminology; Value: Significance Of Value; Listed And Unlisted Companies; Shareholders' Interests; Value And The Company: Non-Financial And Financial Aspects; Financial Accounts; Management Accounts; Asset-Based Valuations: Book Values; Market Values; Realisation Values; Earnings-Based Valuation Methods: P/E Ratios; Imputed P/E Ratios; EBIT-DA; Cashflow-Based Valuations: NOCF - Net Operating Cashflow; DCA - Discounted Cashflow Analysis; Terminal Values; Valuing Capital Assets: CAPM - Capital Asset Pricing Model; Use Of "R"; Betas; Unsystematic Risks: Business Risks; Financial Risks; Indebtedness And Leverage: WACC - Weighted Average Cost Of Capital; Returns On Investment: IRR - Internal Rate Of Return; NPV - Net Present Value; Summary; Glossary.
- Edition: 1
- Published: April 1, 2012
- Imprint: Butterworth-Heinemann
- Language: English
- eBook ISBN: 9780080940007
AF
Andrew Fight
Andrew Fight is an international banking and training consultant with 20 years banking and finance experience and has trained in Banks and financial institutions throughout the world as well as in the U.K.
His expertise is in all aspects of Corporate Credit, Analysing Banks and Financial Institutions Risk, Syndicated Lending, and Project Finance, and he has an ongoing research interest in Debt Recovery and the roles of Credit Rating Agencies in the investor creditor community.
Andrew has written and developed course materials for both tailored and public courses for Euromoney Training, BPP Financial Training, Intellexis Training, the French Bankers Training Institute, Bankakademie in Germany, and aid programmes for the European Union, USAID Eurasia Foundation, and Asian Development Bank. He has also written a dozen books on Banking and Finance related subjects for Euromoney Publications, Wiley and Sons, Express Exec / Capstone Publishing.
During the last year Andrew has led successful courses in Malaysia, India, Lebanon, Bulgaria, Georgia, Armenia, Algeria, France, Germany, and the UK
Affiliations and expertise
International banking and training consultant