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Wiley

Valuation Workbook

Measuring and Managing the Valuation of Companies

Medium: Buch
ISBN: 978-1-394-27944-9
Verlag: Wiley
Erscheinungstermin: 20.05.2025
Lieferfrist: bis zu 10 Tage

The #1 best-selling guide to business valuation, newly updated and revised

Valuation Workbook is the companion book to the eighth edition of McKinsey’s Valuation, the gold standard in measuring and managing valuation for more than 30 years. This workbook has been used by individuals and professors to gain a deeper understanding of valuation.

Called “the best practitioners' guide to valuation” by The Financial Times and “the most influential contemporary books about the world economy” by The Economist, the newly revised eighth McKinsey's long tradition of excellence. In the book, a team of veteran McKinsey & Company professionals walk you through the foundations of valuation, advanced topics like valuing high-growth companies and digital assets, and managerial topics such as corporate portfolio strategy and acquisitions. You'll also discover:

- Questions and answers about the content in each chapter
- Best practices to apply valuation to business strategy questions and communicate with investors
- How to analyze and forecast performance, the cost of capital, and put it all together in a coherent valuation
McKinsey & Company has been helping businesses, governments, non-profit organizations and other institutions grow and thrive for almost 100 years. Valuation's authors draw on that storied history to bring you the most relevant, accurate, intuitive, and practical guide to valuation on the market today.


Produkteigenschaften


  • Artikelnummer: 9781394279449
  • Medium: Buch
  • ISBN: 978-1-394-27944-9
  • Verlag: Wiley
  • Erscheinungstermin: 20.05.2025
  • Sprache(n): Englisch
  • Auflage: 8th Auflage
  • Produktform: Kartoniert
  • Gewicht: 440 g
  • Seiten: 288
  • Format (B x H x T): 178 x 252 x 22 mm
  • Ausgabetyp: Kein, Unbekannt
  • Vorauflage: 978-1-119-61181-3
About the Authors xi

Introduction XIII

Part One Questions

1 Why Value Value? 3

2 Finance in a Nutshell 5

3 Fundamental Principles of Value Creation 7

4 Risk and the Opportunity Cost of Capital 11

5 The Alchemy of Stock Market Performance 15

6 The Stock Market and Economic Fundamentals 19

7 The Stock Market Is Smarter than You Think 23

8 Return on Invested Capital 27

9 Growth 31

10 Frameworks for Valuation 35

11 Reorganizing the Financial Statements 39

12 Analyzing Performance and Competitive Position 43

13 Forecasting Performance 47

14 Estimating Continuing Value 53

15 Estimating the Cost of Capital 57

16 Moving from Enterprise Value to Value per Share 61

17 Analyzing the Results 65

18 Using Multiples 69

19 Valuation by Parts 73

20 Taxes 77

21 Nonoperating Items, Provisions, and Reserves 79

22 Leases 83

23 Retirement Obligations 87

24 Measuring Performance in Capital-Light Businesses 89

25 CFROI and Other Ways to Measure Return on Capital 93

26 Inflation 95

27 Cross-Border Valuation 99

28 Corporate Portfolio Strategy 103

29 Strategic Management: Analytics 107

30 Strategic Management: Governance, Processes, and Decision-Making 111

31 Mergers and Acquisitions 115

32 Divestitures 119

33 Digital Initiatives and Companies 123

34 Sustainability 125

35 Capital Structure, Dividends, and Share Repurchases 127

36 Investor Communications 131

37 Leveraged Buyouts 135

38 Venture Capital 139

39 High-Growth Companies 141

40 Flexibility and Options 143

41 Emerging Markets 147

42 Cyclical Companies 149

43 Banks 153

Part Two Solutions

1 Why Value Value? 159

2 Finance in a Nutshell 161

3 Fundamental Principles of Value Creation 163

4 Risk and the Opportunity Cost of Capital 165

5 The Alchemy of Stock Market Performance 167

6 The Stock Market and Economic Fundamentals 169

7 The Stock Market Is Smarter than You Think 171

8 Return on Invested Capital 173

9 Growth 175

10 Frameworks for Valuation 177

11 Reorganizing the Financial Statements 179

12 Analyzing Performance and Competitive Position 181

13 Forecasting Performance 183

14 Estimating Continuing Value 187

15 Estimating the Cost of Capital 191

16 Moving from Enterprise Value to Value per Share 193

17 Analyzing the Results 195

18 Using Multiples 197

19 Valuation by Parts 199

20 Taxes 201

21 Nonoperating Items, Provisions, and Reserves 203

22 Leases 205

23 Retirement Obligations 207

24 Measuring Performance in Capital-Light Businesses 209

25 CFROI and Other Ways to Measure Return on Capital 211

26 Inflation 213

27 Cross-Border Valuation 217

28 Corporate Portfolio Strategy 221

29 Strategic Management: Analytics 223

30 Strategic Management: Governance, Processes, and Decision-Making 225

31 Mergers and Acquisitions 227

32 Divestitures 229

33 Digital Initiatives and Companies 231

34 Sustainability 233

35 Capital Structure, Dividends, and Share Repurchases 235

36 Investor Communications 237

37 Leveraged Buyouts 241

38 Venture Capital 243

39 High-Growth Companies 245

40 Flexibility and Options 247

41 Emerging Markets 249

42 Cyclical Companies 251

43 Banks 253

Index 255