Recent Trends in Valuation: From Strategy to Value
Luc Keuleneer, Willem Verhoog
John Wiley & Sons, Dec 13, 2005 - Business & Economics - 168 pages
Conventional valuation techniques take little account of the unexpected outcomes and uncertainties of real life. Real options are one method of tackling these problems in order to give a realistic view in practice rather than simply in the theoretical world. Tom Copeland in his contribution considers the probability that real options will in the future become the standard method of valuation and of evaluating the financial viability of ventures.
This book follows past, current and potential future valuation techniques and discusses current trends in this area in the light of the ever-increasing desire to assess and manage risk and uncertainty.
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1 Introduction strategic valuation the relationship between strategy valuation techniques and options
2 Valuation of companies discounted cash flow adjusted present value decisiontree analysis and real options
3 Valuation in practice
Other editions - View all
acquisition analysis approach APV method assets book value business unit level CFROI company’s consulting firms continuing value Copeland corporate level cost of capital cost of equity DCF method DCF model debt discounted cash flow earnings economic profit Economic value added estimate EVA1 evaluation expected cash flows Figure firm’s flexibility focus forecasts framework free cash flows free operating cash G. B. Stewart goals growth rate HOLT Value Associates implementation important invested capital investment decisions L.E.K. Consulting long-term Marakon Associates McTaggart market value McKinsey metrics NOPAT operating cash flow organisational levels performance management performance measurement planning present value PricewaterhouseCoopers programme real options residual income return on invested risk risk-free interest rate share shareholder value stakeholder Stern Stewart strategy development top management total shareholder return value added value creation value network value-based management WACC Wal-Mart Young and O’Byrne