Valuation — Security Analysis, Investment Evaluation, and Corporate Finance

Author: Aswath Damodaran (USA)
Publisher:
Publishing Time: Not Available
Features: Chapter 1 introduces the fundamentals and application areas of valuation. Chapter 2 briefly introduces the three basic valuation methods: Discounted Cash Flow (DCF) valuation, Relative Valuation, and Contingent Claim Valuation. Chapters 3 to 16 delve into these three methods in-depth. The final chapter explains how to select the appropriate valuation model based on the characteristics of the corresponding assets. The discussion of various methods and models is both comprehensive and accessible, accompanied by real-world examples to help readers familiarize themselves and enhance their practical application skills. This book is a masterpiece by Aswath Damodaran, a star professor at New York University, systematically and comprehensively introducing the fundamental theories, methods, models, and applications of valuation. Chapter 1 introduces the fundamentals and application areas of valuation. Chapter 2 briefly introduces the three basic valuation methods: Discounted Cash Flow (DCF) valuation, Relative Valuation, and Contingent Claim Valuation. Chapters 3 to 16 delve into these three methods in-depth. The final chapter explains how to select the appropriate valuation model based on the characteristics of the corresponding assets. The discussion of various methods and models is both comprehensive and accessible, accompanied by real-world examples to help readers familiarize themselves and enhance their practical application skills. Professor Damodaran believes that recognizing value is of great importance in all decisions. The evaluations of various methods in this book are supported by real-world examples, making it a valuable resource for asset valuation, investment, finance, and general management personnel to improve their professional skills and decision-making capabilities. Additionally, due to the inclusion of sufficient real-world examples in each section, the book can also serve as a textbook for relevant teaching and training purposes.