Inside Company Valuation (eBook)

Angelo Corelli (Autor)

eBook Download: PDF

2017 | 1st ed. 2017
XIII, 68 Seiten
Springer International Publishing (Verlag)
978-3-319-53783-2 (ISBN)

Infos

This book presents an in-depth overview of the most popular approaches to corporate valuation, with useful insights about innovations and possible improvements in that field. The book will help to understand the principles and methods of company valuation and acquire the knowledge required to perform valuations of corporate equity. The author concludes his analysis with two real case studies based on the experience of the two most popular initial public offerings that took place in the last years: Facebook and Twitter. 

Angelo Corelli is Associate Professor of Finance at the American University in Dubai. His field of expertise is Financial Risk Management with a focus on Credit Risk. Angelo's research topics span from Quantitative Risk Management to Term Structure Analysis and Valuation / Risk of Financial Derivatives. The main focus of his teaching lies on Corporate Finance with a special emphasis on Corporate Valuation mechanisms. 

Inhalt

Preface 7
A Modern Approach 7
An Innovative Pedagogy 8
A Selected Audience 8
A Reliable Partner for Instructors 9
Acknowledgements 10
Contents 11
1 The Value of the Firm 12
Abstract 12
1.1 The Determinants of Corporate Value 13
1.2 Balance-Sheet-Based Methods 15
1.3 Income-Statement-Based Methods 17
1.4 Goodwill-Based Methods 19
Bibliography 23
2 Dividend-Based Valuation 25
Abstract 25
2.1 Dividend Discount Models 26
2.2 The Gordon Growth Model 28
2.3 Multiple-Stage Growth Model 31
2.4 Dividend Valuation Models and Market Efficiency 35
Bibliography 37
3 Free-Cash-Flow-Based Methods 38
Abstract 38
3.1 The Determinants of Cash Flows 39
3.2 The Growth Rate 42
3.3 Cash Flows and Corporate Value 46
Bibliography 48
4 The Valuation of Private Firms 49
Abstract 49
4.1 Beta Estimation 50
4.2 Cost of Debt Estimation 56
4.3 Growth and Terminal Value 58
Bibliography 66
5 A Real Case: Facebook 67
Abstract 67
5.1 A Strange IPO 68
5.2 The Firm’s Fundamentals 71
5.3 The Solution to the Case Study 72
Bibliography 76

Produkt-Details

• Erscheint lt. Verlag: 21.3.2017
• Reihe/Serie: SpringerBriefs in Finance
• Reihe/Serie: SpringerBriefs in Finance
• Zusatzinfo: XIII, 68 p.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Mathematik / Informatik ► Mathematik
• Themenwelt: Technik
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Cost of capital • dividends • Free Cash Flows • growth • Quantitative Finance • Terminal Value
• ISBN-10: 3-319-53783-0 / 3319537830
• ISBN-13: 978-3-319-53783-2 / 9783319537832