DAMODARAN ON VALUATION SECURITY ANALYSIS FOR INVESTMENT AND CORPORATE FINANCE (STUDY GUIDE)

DAMONDARAN ON VALUATION WILL NOT ONLY CONVINCE YOU OF THE VITALITY OF THE MANY VALUATION MODELS AVAILABLE TO YOU, IT WILL HELP ENSURE THAT YOU DEVELOP THE ACUMEN NEEDED TO SELECT THE RIGHT MODEL FOR ANY VALUATION SCENARIO. WRITTEN BY A GIFTED TEACHER AND RESPECTED VALUATION AUTHORITY, DAMODARAN ON VALUATION OFFERS SYSTEMATIC EXAMINATION OF THE THREE BASIC APPROACHES TO VALUATION - DISCOUNTED CASH-FLOW VALUATION, RELATIVE VALUATION, AND CONTINGENT CLAIM VALUATION - AND THE VARIOUS MODELS WITHIN THESE BROAD CATEGORIES. USING NUMEROUS REAL-WORLD EXAMPLES INVOLVING BOTH US AND INTERNATIONAL FIRMS, THE BOOK ILLUMINATES THE PURPOSE OF EACH PARTICULAR MODEL, ITS ADVANTAGES AND LIMITATATIONS, THE STEP-BY-STEP PROCESS INVOLVED IN PUTTING THE MODEL TO WORK, AND THE KINDS OF FIRMS TO WHICH IT IS BEST APPLIED. AMONG THE TOOLS PRESENTED ARE DESIGNED TO ESTIMATE THE COST OF EQUITY - INCLUDING THE CAPITAL ASSET PRICING MODEL AND ARBITRAGE PRICING MODEL ESTIMATE GROWTH RATES - WITH COVERAGE OF HO