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CITATION

Nelling, Edward. Business Valuation Demystified. US: McGraw-Hill, 2010.

Business Valuation Demystified

Authors: Edward Nelling

Published:  December 2010

eISBN: 9780071759489 0071759484 | ISBN: 9780071702744
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  • Cover
  • Title Page
  • Copyright Page
  • Contents
  • Introduction
  • Chapter 1 Commonly Used Valuation Methods
  • Chapter Objectives
  • Applications of Business Valuation
  • The Discounted Cash Flow Valuation Method
  • The Price Multiple Valuation Method
  • The Liquidation Valuation Method
  • Chapter Summary
  • Quiz
  • Chapter 2 An Overview of Financial Statements
  • Chapter Objectives
  • Different Types of Financial Statements
  • Other Sources of Information
  • An Overview of the Balance Sheet
  • An Overview of the Income Statement
  • An Overview of the Cash Flow Statement
  • Chapter Summary
  • Quiz
  • Chapter 3 Analyzing Historical Financial Performance
  • Chapter Objectives
  • Common-Size Financial Statements
  • Calculating and Interpreting Ratios
  • Ratio Classification
  • Return on Equity and DuPont Analysis
  • Analyzing Performance with Return on Invested Capital
  • Segment Analysis for Multibusiness Companies
  • Limitations of Ratio Analysis
  • Chapter Summary
  • Quiz
  • Chapter 4 Forecasting Future Performance
  • Chapter Objectives
  • Applications of Forecasting
  • The Length of the Forecast Horizon
  • Forecasting Sales
  • A Simple Forecasting Example
  • The Use of a “Plug” Figure
  • A Closer Look at Forecasting the Income Statement
  • A Closer Look at Forecasting the Balance Sheet
  • Forecasting the Cash Flow Statement
  • Forecasting with Profit Margins and Turnover Ratios
  • Scenario Analysis and Financial Forecasting
  • Chapter Summary
  • Quiz
  • Chapter 5 Discounted Cash Flow Valuation
  • Chapter Objectives
  • Basic Principles of DCF Valuation
  • Estimating Free Cash Flow
  • More on the Growth Rate
  • More on the Discount Rate
  • From Enterprise Value to Equity Value
  • An Example of DCF Valuation
  • The Effects of Changing Assumptions
  • Advantages and Disadvantages of DCF Valuation
  • Chapter Summary
  • Quiz
  • Chapter 6 Price Multiple Valuation
  • Chapter Objectives
  • The Basics of Price Multiples
  • Types of Price Multiples
  • Choosing the Right Multiple
  • Choosing a Set of Comparable Companies
  • Determining the Appropriate Value of Our Multiple
  • Example of Price Multiple Valuation
  • The PEG Ratio and Valuation
  • Chapter Summary
  • Quiz
  • Chapter 7 Valuation and the Cost of Capital
  • Chapter Objectives
  • The Intuition behind the Cost of Capital
  • Financing Decisions and Company Value
  • Required Returns on Debt
  • Required Returns on Equity
  • Putting It All Together—Estimating the WACC
  • Chapter Summary
  • Quiz
  • Chapter 8 Small Business and Private Company Valuation
  • Chapter Objectives
  • An Overview of Small Business Valuation
  • Discounted Cash Flow Valuation of Small Businesses Private Companies
  • Price Multiple Valuation of Small Businesses and Private Companies
  • Applying Discounts and Premiums in Business Valuation
  • A Small Business Valuation Example
  • Chapter Summary
  • Quiz
  • Chapter 9 Key Questions That Business Buyers and Sellers Need to Ask
  • Chapter Objectives
  • The Five Key Questions That Buyers Need to Ask
  • The Five Key Questions That Sellers Need to Ask
  • The Critical Question That All Buyers and Sellers Need to Ask
  • Chapter Summary
  • Quiz
  • Final Exam
  • Answers to Quizzes and Final Exam
  • Appendix
  • Index