Valuation : Measuring and Managing the Value of Companies

Part One. Foundations of Value -- 1. Why Maximize Value? -- 2. The Value Manager -- 3. Fundamental Principles of Value Creation -- 4. Do Fundamentals Really Drive the Stock Market? -- -- Part Two. Core Valuation Techniques -- 5. Frameworks for Valuation -- 6. Thinking about Return on Invested Capital and Growth -- 7. Analyzing Historical Performance -- 8. Forecasting Performance -- 9. Estimating Continuing Value -- 10. Estimating the Cost of Capital -- 11. Calculating and Interpreting Results -- 12. Using Multiples for Valuation -- -- Part Three. Making Value Happen -- 13. Performance Measurement -- 14. Performance Management -- 15. Creating Value through Mergers and Acquisitions -- 16. Creating Value through Divestitures -- 17. Capital Structure -- 18. Investor Communications -- -- Part Four. Advanced Valuation Issues -- 19. Valuing Multibusiness Companies -- 20. Valuing Flexibility -- 21. Cross-Border Valuation -- 22. Valuation in Emerging Markets -- 23. Valuing High-Growth Companies -- 24. Valuing Cyclical Compalies -- 25. Valuing Financial Institutions -- -- Appendix A. Economic Profit and the Key Value Driver Formula -- Appendix C. Discounted Economic Profit Equals Discounted Free Cash Flow -- Appendix D. Levering and Unlevering the Cost of Equity -- Appendix E. Leverage and the Price-Earning Multiple -- Index --