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Kenneth R. Ferris Publisher: Financial Times Press
Our Price: £20.99 |
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Description This book gives straightforward advice about how to make mergers and acquisitions work by focusing on the quintessential component, a proper valuation of the acquisition target. The book gives hands-on advice about how to actually undertake corporate valuation. |
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Table Of Contents Preface. 1. Valuation: An Overview.
Why Firms Merge or Acquire: A Historical Perspective. Merger and Acquisition Premiums. The Process of Valuation. Alternative Valuation Frameworks. Summary. Notes. 2. Financial Review and Pro Forma Analysis.
Financial Review. Pro Forma Analysis. Sensitivity Analysis: Alternative Scenarios. Summary. Notes. Appendix 2A: Nokia Corporation Financial Data. Appendix 2B: Preparation of Statement of Cash Flows. Appendix 2C: Displayed Formulas for EXCELª Spreadsheet. Appendix 2D: Account Forecasting Alternatives. 3. Traditional Valuation Models.
Earnings Multiples Analysis. Discounted Cash Flow Analysis. Summary. Notes. Appendix 3A: Calculating the WACC for a Complex Capital Structure. Appendix 3B: Some Frequently Asked Questions and Answers About DCFA and Earnings Multiples Valuation. 4. Alternative Valuation Models.
Valuation in the Absence of Earnings or Cash Flow. Valuation When Capital Structure Changes. Economic Value Analysis. Real Options Analysis. Summary. Notes. Appendix 4A: Discounted Cash Flow Analysis: GoAmerica, Inc. Appendix 4B: Capital Cash Flow Analysis. Appendix 4C: DCFA When a Firm's Capital Structure Changes. Appendix 4D: The Black-Scholes Model. 5. Accounting Dilemmas in Valuation Analysis.
Assessing Economic Reality. Income Statement Transformations: Forecasting Permanent Earnings and Free Cash Flows. Balance Sheet Transformations: Forecasting the Equity Value of a Company. Cash Flow Statement Transformations: Forecasting CFFO and Free Cash Flow. Summary. Notes. 6. Financial Reporting and Tax Considerations in Mergers and Acquisitions.
Financial Reporting: To Combine, or Not to Combine? Consolidated Reporting: Pooling versus Purchase Accounting. Pooling versus Purchase Accounting: The Effect on Firm Valuation. Tax Considerations of Mergers and Acquisitions. Minority Interest. Accounting for Goodwill. Summary. Notes. Appendix 6A: Negative Goodwill. 7. Some Final Thoughts.
Valuation: A DebrieÞng. Some Caveats to Consider. Closure. Bibliography. Index. |
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Features Valuing potential corporate acquisitions: a concise, practical, realistic guide.
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