Koller Tim, Goedhart Marc, Wessels David, Cichello Michael. Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Valuation

6th Ed. — Wiley, McKinsey & Company, 2016. — 199 p. — ISBN: 1118873874.A vital companion to the №1 best-selling guide to corporate valuation
Valuation Workbook is the ideal companion to McKinsey's Valuation, helping you get a handle on difficult concepts and calculations before using them in the real world. This workbook reviews all things valuation, with chapter-by-chapter summaries and comprehensive questions and answers that allow you to test your knowledge and skills. Useful both in the classroom and for self-study, this must-have guide is essential for reviewing and applying the renowned McKinsey & Company approach to valuation and reinforces the major topics discussed in detail in the book. Fully updated to align with the sixth edition of Valuation, this workbook is an invaluable learning tool for students and professionals alike.
Valuation has become central to corporate financial strategy, and practitioners must be exceptional at every aspect of the role. There is no room for weak points, and excellence is mandatory. This workbook helps you practice, review, study, and test yourself until you are absolutely solid in every concept, every technique, and every aspect of valuation as demanded in today's economy. Master value creation, value metrics, M&A, joint ventures, and more Analyze historical information, forecast performance, and analyze results Estimate the cost of capital, continuing value, and other vital calculations Test your understanding before putting it to work in the real world
Designed specifically to reinforce the material presented in the book, this workbook provides independent learners with the opportunity to try their hand at critical valuation skills, and helps students master the material so they can enter the job market ready to perform. For financial professionals and students seeking deep, comprehensive understanding, Valuation Workbook is an essential part of the McKinsey Valuation suite.
Inside...
Part Questions:
Why Value Value?
Fundamental Principles of Value Creation;
Conservation of Value and the Role of Risk;
The Alchemy of Stock Market Performance;
The Stock Market Is Smarter Than You Think;
Return on Invested Capital;
Growth;
Frameworks for Valuation;
Reorganizing the Financial Statements;
Analyzing Performance;
Forecasting Performance;
Estimating Continuing Value;
Estimating the Cost of Capital;
Moving from Enterprise Value to Value per Share;
Analyzing the Results;
Using Multiples;
Valuing by Parts;
Taxes;
Nonoperating Items, Provisions, and Reserves;
Leases and Retirement Obligations;
Alternative Measures of Return on Capital;
Inflation;
Cross-Border Valuation;
Case Study: Heineken;
Corporate Portfolio Strategy;
Performance Management;
Mergers and Acquisitions;
Divestitures;
Capital Structure, Dividends, and Share Repurchases;
Investor Communications;
Emerging Markets;
Valuing High-Growth Companies;
Cyclical Companies;
Banks;
Flexibility;
Part Solutions:
Why Value Value?
Fundamental Principles of Value Creation;
Conservation of Value and the Role of Risk;
The Alchemy of Stock Market Performance;
The Stock Market Is Smarter Than You Think;
Return on Invested Capital;
Growth;
Frameworks for Valuation;
Reorganizing the Financial Statements;
Analyzing Performance;
Forecasting Performance;
Estimating Continuing Value;
Estimating the Cost of Capital;
Moving from Enterprise Value to Value per Share;
Analyzing the Results;
Using Multiples;
Valuing by Parts;
Taxes;
Nonoperating Items, Provisions, and Reserves;
Leases and Retirement Obligations;
Alternative Measures of Return on Capital;
Inflation;
Cross-Border Valuation;
Case Study: Heineken;
Corporate Portfolio Strategy;
Performance Management;
Mergers and Acquisitions;
Divestitures;
Capital Structure, Dividends, and Share Repurchases;
Investor Communications;
Emerging Markets;
Valuing High-Growth Companies;
Cyclical Companies;
Banks;
Flexibility.