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702,00 kr

Valuation Approaches and Metrics focuses on the theory and practice of valuation of companies and stocks, providing an invaluable overview of the topic from both a practical and scholarly perspective. It reviews the finance literature on valuation and presents three approaches to valuation:
  • Discounted cash flow valuation relating the value of an asset to the present value of expected future cash flows on that asset.
  • Liquidation and accounting valuation built around valuing the existing assets of a firm using accounting estimates of value or ''book value''.
  • Relative valuation estimating the value of an asset by looking at the pricing of ''comparable'' assets relative to a common variable like earnings, cash flows, book value or sales.

    • This book should be required reading for both finance practitioners and researchers.