Investment Valuation

Contents

1. Introduction to Valuation.
2. Approaches to Valuation.
3. Understanding Financial Statements.
4. The Basics of Risk.
5. Option Pricing Theory and Models.
6. Market Efficiency--Definition, Tests and Evidence.
7. Riskless Rates and Risk Premiums.
8. Estimating Risk Parameters and Costs of Financing.
9. Measuring Earnings.
10. From Earnings to Cash Flows.
11. Estimating Growth.
12. Stable Growth and Firm Value.
13. Dividend Discount Models.
14. Free Cash Flow to Equity Discount Models.
15. Valuing a Firm--The Free Cash Flow to Firm Approach.
16. Aluing Real Estate in Private Company Valuation?
17. Fundamental Principles of Relative Valuation.
18. Earnings Multiples.
19. Book Value Multiples.
20. Other Multiples.
21. Valuing Financial Service Firms.
22. Valuing Troubled Firms.
23. Valuing Young or Start-Up Firms.
24. Valuing Private Firms.
25. Acquisitions and Takeovers.
26. Valuing Real Estate.
27. Valuing Other Assets.
28. The Option to Delay and Valuation Implications.
29. The Option to Expand and Valuation Implications.
30. Valuing Equity in Troubled Firms as Options.
31. Value Enhancement: A Discounted Cashflow Framework.
32. Value Enhancement: EVA, CFROI and Other Tools.
33. Valuing Fixed Income Securities.
34. Valuing Futures Contracts.
35. Overview and Conclusion.

References
Index