Valuation : methods and models in applied corporate finance

The First Valuation Book to Combine True Academic Rigor with Complete Practical Skills Practical tools and methodologies, not ivory-tower theory Teaches through realistic examples, and fully explains all math For all finance professionals, analysts, strategic planners, and MBA students This is the only modern valuation book to focus entirely on useful resultsavoiding ivory-tower theory you dont need and elementary material you already know. George Chacko and Carolyn L. Evans combine true academic rigor with all the practical skills and techniques financial professionals need to value companies accurately and make optimal investment decisions. Step by step, the authors develop a practical and rigorous approach to conducting valuation. They address the projection of financial statements, calculating free cash flows, risk-adjusted cost of capital, and several leading methodologies, including WACC, flow-to-equity, and APV.   Throughout, every concept is explained with realistic examples, and demonstrated with accessible math. No previous mathematical understanding is required beyond basic algebra, probability, and statistics: wherever more advanced math is required, the authors explain it fully.   Today, financial managers rely on far more sophisticated frameworks to identify and appropriately price investments. These frameworks integrate basic finance and accounting principles, asset pricing models, probabilistic and statistical techniques, and explosive advances in data availability and computation. Meanwhile, as the discipline of valuation has progressed, valuation expertise has become essential for virtually all professionals in corporate treasury, strategic, underwriting, mergers and acquisitions (M&A), and private equity roles.   This eminently practical guide delivers the rigorous real-world understanding you need, without the theoretical abstractions you dont. George Chacko and Carolyn L. Evans focus on techniques and methodologies that lead directly to accurate valuations, illuminating each key concept with up-to-date examples.   Starting with the discounted cash flow (DCF) framework most practitioners already know, they construct each of todays most common valuation frameworks. Chacko and Evans explain why each framework is valid, introduce useful shortcuts, and walk through realistic applications. FINANCIAL STATEMENT ANALYSIS Perform preliminary financial analysis on any potential project FINANCIAL FORECASTING Project future financial statements, step by step FREE CASH FLOWS Project free cash flow based on financial forecasts COST OF CAPITAL Master leading approaches to calculating discount rates, and assess the value implications of your financing choices VALUATION FRAMEWORKS Bring it all to...