Valuing Companies

The value of a company is important to a significant number of people: analysts who are attempting to assess its worth and market position; venture capitalists and bankers investing or lending and keen to ensure adequate security; acquisition specialists buying a company; and, not least, the company itself. This book provides a practical guide to how to value a company, offering clear explanations backed up by case study examples. Coverage includes the framework for valuation; methods of estimating economic values; earnings-based valuation models; asset-based valuation models; discounted cash flow models; financial acquisitions; and post-acquisition valuation protection.