The No. 1 Best-selling Guide to Corporate Valuation
Valuation, Fifth Edition is filled with the expert guidance from McKinsey & Company that professionals, as well as students and professors, have come to trust.Valuation, Fifth Edition remains true to its roots with a solid framework for valuation through key concepts such as:
•Analyzing historical performance, including reorganizing a company's financial statements to reflect economic rather than accounting performance
•Forecasting performance, with emphasis on not just the mechanics of forecasting but also how to think about a company's future economics
•Estimating the cost of capital with practical tips that aren't found in textbooks
•Interpreting the results of a valuation in light of a company's competitive situation
•Linking a company's valuation multiples to the core drivers of its performance.
Need to learn the ins and outs of measuring the value of companies? McKinsey’s No.1 how-to guide on valuation integrates and enhances the firm’s insights with study tools for best practice learning, such as videos, interactive quizzes, and more.
• Chapter Summaries—Each chapter begins with an introductory summary overview that crystalizes the essentials of each chapter for study purposes.
• Video content – McKinsey partner Tim Koller, who leads the firm’s Corporate Performance Center and is a member of the leadership group of the firm’s global corporate finance practice. In these videos, explains the four core principles of value (and valuation creation) and their implications for managers and investors.
• Interactive Quizzes--At the end of chapters, there are interactive quizzes which allow readers to review and test themselves on 35 chapters of content, focused on Foundations of Value, Core Valuation Techniques, Managing for Value, Advanced Valuation Issues, and Special Situations.