Equity valuation : models from leading investment banks
著者
書誌事項
Equity valuation : models from leading investment banks
(Wiley finance series)
John Wiley & Sons, c2008
- : cloth
大学図書館所蔵 全3件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Includes bibliographical references and index
内容説明・目次
内容説明
Equity Valuation: Models from the Leading Investment Banks is a clear and reader-friendly guide to how today's leading investment banks analyze firms. Editors Jan Viebig and Thorsten Poddig bring together expertise from UBS, Morgan Stanley, DWS Investment GmbH and Credit Suisse, providing a unique analysis of leading equity valuation models, from the very individuals who use them. Filled with real world insights, practical examples and theoretical approaches, the book will examine the strengths and weaknesses of some of the leading valuation approaches, helping readers understand how analysts: * estimate cash flows
* calculate discount rates
* adjust for accounting distortions
* take uncertainty into consideration
Written for investment professionals, corporate managers and anyone interested in developing their understanding of this key area, Equity Valuation: Models from the Leading Investment Banks will arm readers with the latest thinking and depth of knowledge necessary to make the right decisions in their valuation methodologies.
目次
Foreword. Preface.
Acknowledgments.
Abbreviations.
Part I: Discounted Cash Flow (DCF) Models (Jan Viebig and Thorsten Poddig).
1. Introduction.
2. The Fundamental Value of Stocks and Bonds.
3. Discounted Cash Flow Models: The Main Input Factors.
Part II: Monte Carlo Free Cash Flow to the Firm (MC-FCFF) Models (Deutsche Bank/DWS) (Jan Viebig and Thorsten Poddig).
4. Introduction.
5. Standard FCFF Model.
6. Monte Carlo FCFF Models.
Part III: Beyond Earnings: A User's Guide to Excess Return Models and the HOLT CFROI (R) Framework (Tom Larsen and David Holland).
7. Introduction.
8. From Accounting to Economics - Part I.
9. From Economics to Valuation - Part I.
10. Where Does Accounting Go Wrong?
11. From Accounting to Economics: CFROI.
12. From Accounting to Economics: Economic Profit.
13. From Economics to Valuation - Part II.
Appendix1. Vodafone Financial Statements and Relevant Notes for CFROI Calculation.
Appendix 2: Additional Notes from Vodafone Annual Report for EP Calculation.
Part IV: Morgan Stanley ModelWare's Approach to Intrinsic Value: Focusing on Risk-Reward Trade-Offs (Trevor S. Harris, Juliet Estridge and Doron Nissim).
14. Introduction.
15. Linking Fundamental Analysis to the Inputs of the Valuation Model.
16. Our Valuation Framework.
17. Linking Business Activity to Intrinsic Value Approach: The ModelWare Profitability Tree.
18. ModelWare's Instrinsic Value Approach.
19. Treatment of Key Inputs.
20. The Cost of Capital.
21. Summary and Conclusions.
Appendix.
Part V: UBS VCAM and EGW Regression-based Valuation (David Bianco).
22. Introducing "EGQ" - Where Intrinsic Methods and Empirical Techniques Meet.
23. A Quick Guide to DCF and Economic Profit Analysis.
24. Regression-based Valuation.
25. UBS Economic Growth Quotient.
26. UBS EGQ Regression Valuation.
27. Understanding Regressions.
28. Appendix Discussions.
Part VI: Leverage Buyout (LBO) Models (Jan Viebig, Daniel Stillit and Thorsten Poddig).
29. Introduction.
30. Leveraged Buyouts.
31. IRRs and the Structure of LBO Models.
32. Assumptions of LBO Models.
33. Example: Continental AG.
34. A Word of Caution.
Part VII: Valuation 101: Approaches and Alternatives (Aswath Damodaran).
35. Introduction.
36. Overview of Valuation.
37. Discounted Cash Flow Valuation.
38. Liquidation and Accounting Valuation.
39. Relative Valuation.
40. Real Option valuation.
41. Closing Thoughts on Value Enhancement.
Part VIII: Final Thoughts on Valuation (Armin Varmaz, Thorsten Poddig and Jan Viebig).
42. Introduction.
43. Valuation in Theory: The Valuation of a Single Asset.
44. Outlook: The Multi-asset Valuation and Allocation Case.
45. Summary.
Index.
「Nielsen BookData」 より