|Kindle Price:||CDN$ 114.00|
Valuation: Measuring and Managing the Value of Companies (Wiley Finance) 6th Edition, Kindle Edition
McKinsey & Company's #1 best-selling guide to corporate valuation, now in its sixth edition
Valuation is the single best guide of its kind, helping financial professionals worldwide excel at measuring, managing, and maximizing shareholder and company value. This new sixth edition provides insights on the strategic advantages of value-based management, complete detailed instruction, and nuances managers should know about valuation and valuation techniques as applied to different industries, emerging markets, and other special situations.
Valuation lies at the crossroads of corporate strategy and finance. In today's economy, it has become an essential role — and one that requires excellence at all points. This guide shows you everything you need to know, and gives you the understanding you need to be effective.
- Estimate the value of business strategies to drive better decision making
- Understand which business units a corporate parent is best positioned to own
- Assess major transactions, including acquisitions, divestitures, and restructurings
- Design a capital structure that supports strategy and minimizes risk
As the valuation function becomes ever more central to long- and short-term strategy, analysts and managers need an authoritative reference to turn to for answers to challenging situations. Valuation stands ahead of the field for its reputation, quality, and prestige, putting the solutions you need right at your fingertips.
There is a newer version of this item:
From the Inside Flap
Praise for Previous Editions
The #1 guide to corporate valuation is back . . . and better than ever!
"The best valuation book just got better. This edition's 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 Casebook
"The bible in its field. Anyone wanting to understand what drives corporate value should read this latest edition."
Dr. Raymund Breu, retired Chief Financial Officer, Novartis AG
"A 'how-to' guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies."
New York Times
"The book's clarity and comprehensive coverage make it one of the best practitioners' guides to valuation."
Also available from McKinsey's suite of Valuation, Sixth Edition products:
Valuation Workbook, Sixth Edition: Part of McKinsey's esteemed Valuation approach, this companion workbook (978-1-118-87387-8) is a must-have guide to reviewing and applying the valuation concepts and techniques discussed in Valuation, Sixth Edition.
Value: The Four Cornerstones of Corporate Finance (978-0-470-42460-5) offers an executive overview of the core concepts of corporate finance and their ties to value. Intended for managers and students, this accessible guide offers a solid foundation to valuation.--This text refers to the hardcover edition.
From the Back Cover
Not all CEOs, business managers, and financial managers possess a deep understanding of value, although it is essential knowledge to creating value for companies and shareholders.
McKinsey's Valuation: Measuring and Managing the Value of Companies, Sixth Edition, with its companion DCF Model Download, provides the knowledge executives need to make value-creating decisionsreplacing some of the myths that pervade the corporate world with proven principles of value creation.
Thoroughly revised and expanded to reflect business conditions in today's volatile global economy, Valuation + DCF Model Download, Sixth Edition provides up-to-date insights and practical advice on how to create, manage, and measure the value of an organization.
The Sixth Edition provides:
- An overview of the two core principles of valuation: the idea that return on invested capital and growth drive cash flow, and a conversation principle that anything that doesn't increase cash flow doesn't create value (unless it reduces risk).
- Guidance for using discounted cash flow (DCF) to value a company, with an emphasis on how to analyze historical performance, forecast free cash flows, estimate the appropriate opportunity cost of capital, identify sources of value, and interpret results.
- An explanation of how to analyze and incorporate in your valuation such complex issues as taxes, pensions, reserves, inflation, and foreign currency, complete with a case-study example.
- A framework for value creation built upon designing a portfolio of businesses, executing strategic M&A decisions and divestitures, and aligning appropriate capital structure and proper communication of business strategy with the financial markets.
- An exploration of special situations in which valuation is complex, such as the multi-dimensional challenges of valuing higher growth companies, emerging markets, cyclical companies, and banks; or in the use of option-pricing theory and decision trees in valuations.
Acclaimed for 25 years by corporate finance experts as the best guide in its class, Valuation, Sixth Edition explains, step-by-step, how to do valuation well. Business managers will learn how to decide among alternative business strategies by estimating the value of each strategic choice; how to assess major transactions such as acquisitions, divestitures, and restructurings; how to design an effective capital structure to support the corporation's strategy and minimize the risk of financial distress; and how to create value and improve corporate performance.--This text refers to the hardcover edition.
- ASIN : B0138M3B3O
- Publisher : Wiley; 6th edition (July 31 2015)
- Language : English
- File size : 23647 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Print length : 782 pages
- Best Sellers Rank: #490,480 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
About the authors
Top reviews from Canada
There was a problem filtering reviews right now. Please try again later.
In fact, I would also recommend the Four Cornerstones it gives the reader a very good overview and will be helpful in tackling the detail in this text.
This is a comprehensive book, unfortunately, I didn't find it user friendly at all. The DCF model is not representative of anything used in the textbook and seems to have been a last minute throw in.
The workbook contains examples that are far too easy given the textbook.
And while the textbook is loaded with some good stuff, one think that in 2015 they would devoted a website to following along with the examples in a detailed fashion. You have to jump fwd/back to look at detailed calculations which is just not user friendly.
I wouldn't recommend this to anyone, and frankly, for the money you're spending there are many far less expensive and equally informative resources out there.
Top reviews from other countries
I can only recommand !
Especially the first block on "value" is absolutely great!