Investment Knowledge Series Valuation

Like all of the Investment Knowledge Series, the Valuation manual is an essential companion for anyone working in the world of investment banking, corporate finance or equity research. This Valuation manual is also very relevant to business owners and managers: it will give an excellent insight into the value of your own business and into the mind of City analysts and the impact of your management actions on perceived shareholder value.

The Company Valuation manual is a must for those requiring an accessible guide to the core corporate finance skill of comparable and discounted cash flow valuation. The manual explains, in a practical and detailed way, how to approach company valuation. Good practice in discounted cash flow analysis is explored and the key concepts of Free Cash flow to the Enterprise; the Capital Asset Pricing Model; Weighted Average Cost of Capital (WAAC); and Beta are all explained clearly and succinctly. Common methods for adjusting cost of capital for leverage and the use of sector Betas and market methods of calculating and adjusting are also covered. Comparable company valuation and the calculation, “cleaning up” and adjustment of the most commonly used valuation metrics are also all explained at length. The Investment Knowledge Series Accounting manual is an excellent complement to the Valuation manual.