Science News & Science Current Events
 

View Larger Image

Valuation: Measuring and Managing the Value of Companies, Fourth Edition


by McKinsey & Company Inc., Tim Koller, Marc Goedhart, David Wessels

List Price: $85.00
Price: $53.55
You Save: $31.45 (37%)
Available: Usually ships in 24 hours
Sales Rank: 2164
Studio: Wiley
Binding: Hardcover
Number Of Pages: 768
Publication Date: June 08, 2005
Publisher: Wiley


ACCESSORIES

Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Valuation (Wiley Finance)
by Tim Koller, Marc Goedhart, David Wessels, Jeffrey P. Lessard, Inc. McKinsey & Company

Valuation: Measuring and Managing the Value of Companies (Wiley Finance)
by McKinsey & Company Inc., Tim Koller, Marc Goedhart, David Wessels

Valuation: Measuring and Managing the Value of Companies (Wiley Finance)
by McKinsey & Company Inc., Tim Koller, Marc Goedhart, David Wessels



EDITORIAL REVIEWS

Product Description
Hailed by financial professionals worldwide as the single best guide of its kind, Valuation, Fourth Edition with CD-ROM combines is thoroughly revised and expanded to reflect business conditions in today’s volatile global economy. Valuation provides up-to-date insights and practical advice on how to create, manage, and measure an organization’s value. Along with all-new case studies that illustrate how valuation techniques and principles are applied in real-world situations, this comprehensive guide has been updated to reflect the events of the Internet bubble and its effect on stock markets, new developments in academic finance, changes in accounting rules (both U. S. and IFRS), and an enhanced global perspective. This package contains a solid framework that managers at all levels, investors, and students have come to trust.


CUSTOMER REVIEWS (Average Customer Rating: 4.5 based on 27 reviews)

Book should be retitled valuiing a company purely on the basis of its past cash flow  
This is a good intro to give the basics of valuation for "old economy" businesses. It determines the valuation of companies based almost exclusively on their cash flow over the previous few years (i.e., 3, 5 and 7 year periods) to the analysis. Unfortunately it ignores (completely) too many issues that play an extremely important role in valuation. For example, the quality, background, knowledge of management, the products the company manufactures, the markets for these products, macroeconomic conditions, intellectual property, market position (i.e., oligopolistic? Is entry/exit difficult in the industry?). Not one of these issues is even touched upon!!! The authors seem to be implying that these issues are irrelevant!! Only the cash flow over the previous few years forecast forward (i.e., discounted for present value) matters according to the book!!! Perhaps this type of mentality explains why the overwhelming majority of mergers and acquistions fail!!!!

If you are looking purely for a way to use past cash flows to determine a company's "value" this is the book for you. If you are looking for a discussion of just about any other factor affecting valuation, forget it.
October 01, 2008

Valuation Review  
The delivery took three times as long as Amazon promised and the book was damaged when I recieved it. Also, it was missing content (i.e. End of chapter questions.)
September 30, 2008

Excellent  
This was the first time i purchased a book online. Transaction was simple and services were prompt.
September 30, 2008

Senior Manager at Accenture  
The workbook force you to look at the information you received from "Valuation" from different perspective and you will recognize what you missed or misunderstood. Also, application of "Valuation" concepts in a controlled environment will make you confident that you are applying "Valation" correctly/appropriately in the real life. This is important since the matter being discussed is directly related to money!
July 04, 2008

The CD mentioned in the summary is disappointingly not included with this book....  
The book itself is excellent and exactly what I was hoping for.

Amazon Customer services assured me that the CD was included and even sent me a second copy but there was no CD again..... I thought it was too much of a bargain to be true...and it was !! I will scrutinise the summary more diligently next time ;)
May 14, 2008


SIMILAR PRODUCTS

Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition
by Aswath Damodaran

Term Sheets & Valuations - A Line by Line Look at the Intricacies of Venture Capital Term Sheets & Valuations (Bigwig Briefs)
by Alex Wilmerding, Aspatore Books Staff, Aspatore.com

Applied Mergers and Acquisitions (Wiley Finance)
by Robert F. Bruner
by Joseph R. Perella

Damodaran on Valuation: Security Analysis for Investment and Corporate Finance (Wiley Finance)
by Aswath Damodaran

Valuation: Mergers, Buyouts and Restructuring (Wiley Finance)
by Enrique R. Arzac

© 2008 BrightSurf.com