{"product_id":"damodaran-on-valuation-study-guide-isbn-9780471108979","title":"Damodaran on Valuation, Study Guide","description":"\u003cp\u003e\u003ci\u003eDamondaran on Valuation\u003c\/i\u003e will not only convince you of the vitalityof the many valuation models available to you, it will help ensurethat you develop the acumen needed to select the right model forany valuation scenario.\u003c\/p\u003e \u003cp\u003eWritten by a gifted teacher and respected valuation authority, \u003ci\u003eDamodaran on Valuation\u003c\/i\u003e offers systematic examination of the threebasic approaches to valuation - discounted cash-flow valuation,relative valuation, and contingent claim valuation - and thevarious models within these broad categories.\u003c\/p\u003e \u003cp\u003eUsing numerous real-world examples involving both US andInternational firms, the book illuminates the purpose of eachparticular model, its advantages and limitatations, thestep-by-step process involved in putting the model to work, and thekinds of firms to which it is best applied. Among the toolspresented are designed to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eEstimate the cost of equity - including the capital asset pricingmodel and arbitrage pricing model\u003c\/li\u003e \u003cli\u003eEstimate growth rates - with coverage of how to arrive at aweighted average of growth rates by blending three separateapproaches\u003c\/li\u003e \u003cli\u003eValue equity - focusing on the Gordon Growth Model and thetwo-and three-stage dividend discount model\u003c\/li\u003e \u003cli\u003eMeasure free cash flow to equity - cash flows that are carefullydelineated from the dividends of most firms\u003c\/li\u003e \u003cli\u003eValue firms - including free cash flow to firm models, which areespecially suited to highly leveraged firms\u003c\/li\u003e \u003cli\u003eEstimate the value of assets by looking at the pricing ofcomparable assets - with insight into the use and misuse ofprice\/earning and price\/book value ratios, and underutilizedprice-to-sales ratios\u003c\/li\u003e \u003cli\u003eMeasure the value of assets that share option characteristics -including a comparative look at the classic Black-Scholes andsimpler binomial models\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eSupported by an optional IBM-compatible disk, which consists ofspreadsheet programs designed to help users apply the modelshighlighted in the book, Damodaran on Valuation providespractitioners involved in securities analysis, portfoliomanagement, M\u0026amp;A, and corporate finance with the knowledge theyneed to value any asset.\u003c\/p\u003e Approaches to Valuation.\u003cbr\u003e \u003cbr\u003e Estimation of Discount Rates.\u003cbr\u003e \u003cbr\u003e Estimation of Cash Flows.\u003cbr\u003e \u003cbr\u003e Estimation of Growth Rates.\u003cbr\u003e \u003cbr\u003e Dividend-Discount Models.\u003cbr\u003e \u003cbr\u003e Free-Cash-Flow-to-Equity Discount Models.\u003cbr\u003e \u003cbr\u003e Valuing a Firm--The Free-Cash-Flow-to-Firm Approach.\u003cbr\u003e \u003cbr\u003e Special Cases in Valuation.\u003cbr\u003e \u003cbr\u003e Price\/Earnings Ratios.\u003cbr\u003e \u003cbr\u003e Price\/Book Value Ratios.\u003cbr\u003e \u003cbr\u003e Price\/Sales Ratio.\u003cbr\u003e \u003cbr\u003e Management Decisions, Corporate Strategy, and Firm Value.\u003cbr\u003e \u003cbr\u003e Valuation for Acquisitions and Takeovers.\u003cbr\u003e \u003cbr\u003e Option-Pricing Theory.\u003cbr\u003e \u003cbr\u003e Applications of Option-Pricing Theory to Valuation.\u003cbr\u003e \u003cbr\u003e Overview and Conclusion.\u003cbr\u003e \u003cbr\u003e Appendices.\u003cbr\u003e \u003cbr\u003e References.\u003cbr\u003e \u003cbr\u003e Disk Documentation.\u003cbr\u003e \u003cbr\u003e Index. \u003cp\u003e\u003cb\u003eASWATH DAMODARAN\u003c\/b\u003e is Professor of Finance at New York University's Leonard N. Stern School of Business. He has been the recipient of numerous awards for outstanding teaching, including the NYU university-wide Distinguished Teaching Award, and was named one of the nation's top business school teachers by Business Week in 1994. In addition, Damodaran teaches training courses in corporate finance and valuation at many leading investment banks. His publications include \u003ci\u003eDamodaran on Valuation\u003c\/i\u003e; \u003ci\u003eInvestment Valuation\u003c\/i\u003e; \u003ci\u003eCorporate Finance\u003c\/i\u003e; \u003ci\u003eInvestment Management\u003c\/i\u003e; and \u003ci\u003eApplied Corporate Finance\u003c\/i\u003e, all published by Wiley, and \u003ci\u003eThe Dark Side of Valuation\u003c\/i\u003e.\u003c\/p\u003e Pick the right model for the right moment every time. Whatever your investment philosophy and goals, you've probably had trouble at one time or another in measuring the value of a particular asset. Maybe you've been wary of the effectiveness of all the valuation models out there and relied on the \"guesstimate\" approach or simply picked the wrong model for the asset under consideration. Whatever past problems you may have encountered, \u003ci\u003eDamodaran on Valuation\u003c\/i\u003e will not only convince you of the vitality of the many valuation models available to you, it will help ensure that you develop the acumen needed to select the right model for any valuation scenario. Written by a gifted teacher and respected valuation authority, \u003ci\u003eDamodaran on Valuation\u003c\/i\u003e offers an overview of the three basic valuation approaches-discounted cash flow, relative, and contingent claim valuation-and the models within these classes. Using plenty of real-world case studies, it explains the purpose of each model, its pros and cons, the steps involved in applying it, and the types of firms to which it is most suited. Soon, you'll have a solid, practical grasp of tools designed to help you estimate the cost of equity, estimate growth rates, value equity, measure free cash flows to equity, value firms, estimate the value of assets via pricing of comparable assets, and measure the value of assets with option-like characteristics. No model is foolproof. And every valuation is vulnerable to changes in the environment, the economy, and the asset itself. But with Damodaran on Valuation at your side, you can be certain that you'll have every weapon at your disposal in the battle to accurately determine the value of an asset and to make the right financial decisions under pressure.","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989021442277,"sku":"NP9780471108979","price":58.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471108979.jpg?v=1761782471","url":"https:\/\/k12savings.com\/es\/products\/damodaran-on-valuation-study-guide-isbn-9780471108979","provider":"K12savings","version":"1.0","type":"link"}