[Aswath_Damodaran]_Investment_valuation(BookFi.org).pdf

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1、AswathDamodaranINVESTMENTVALUATION:SECONDEDITIONChapter1:IntroductiontoValuation3Chapter2:ApproachestoValuation16Chapter3:UnderstandingFinancialStatements37Chapter4:TheBasicsofRisk81Chapter5:OptionPricingTheoryandModels121Chapter6:MarketEfficiency:TheoryandModels152Chapter7

2、:RisklessRatesandRiskPremiums211Chapter8:EstimatingRiskParametersandCostsofFinancing246Chapter9:MeasuringEarnings311Chapter10:FromEarningstoCashFlows341Chapter11:EstimatingGrowth373Chapter12:ClosureinValuation:EstimatingTerminalValue425Chapter13:DividendDiscountModels450Cha

3、pter14:FreeCashflowtoEquityModels487Chapter15:FirmValuation:CostofCapitalandAPVApproaches533Chapter16:EstimatingEquityValuePerShare593Chapter17:FundamentalPrinciplesofRelativeValuation637Chapter18:EarningsMultiples659Chapter19:BookValueMultiples718Chapter20:RevenueandSector

4、-SpecificMultiples760Chapter21:ValuingFinancialServiceFirms802Chapter22:ValuingFirmswithNegativeEarnings847Chapter23:ValuingYoungandStart-upFirms891Chapter24:ValuingPrivateFirms928Chapter25:AcquisitionsandTakeovers969Chapter26:ValuingRealEstate1028Chapter27:ValuingOtherAsse

5、ts1067Chapter28:TheOptiontoDelayandValuationImplications1090Chapter29:TheOptiontoExpandandAbandon:ValuationImplications1124Chapter30:ValuingEquityinDistressedFirms1155Chapter31:ValueEnhancement:ADiscountedCashflowFramework1176Chapter32:ValueEnhancement:EVA,CFROIandOtherTool

6、s1221Chapter33:ValuingBonds1256Chapter34:ValuingForwardandFuturesContracts1308Chapter35:OverviewandConclusions1338References13591CHAPTER1INTRODUCTIONTOVALUATIONEveryasset,financialaswellasreal,hasavalue.Thekeytosuccessfullyinvestinginandmanagingtheseassetsliesinunderstandin

7、gnotonlywhatthevalueisbutalsothesourcesofthevalue.Anyassetcanbevalued,butsomeassetsareeasiertovaluethanothersandthedetailsofvaluationwillvaryfromcasetocase.Thus,thevaluationofashareofarealestatepropertywillrequiredifferentinformationandfollowadifferentformatthanthevaluation

8、ofapubliclytradedstock.Whatissurprising,however,isnotthedifferencesinvaluationtech