It has been a brave new world for investors, since the explosion of dot.coms onto the scene. What is their worth? How do you assess them as an investor? How do you apply traditional investment analysis to valueing them and what new analysis tools do you need? And what about companies that blend the old and new economies? How do you assess them as well? These are the frontiers on Valuation. For Sale in Indian subcontinent only
Features
Valuing high-tech companies: a complete guide by a leading expert.
Valuing firms with short histories, shifting business mixes, and volatile stock prices.
Understanding relative valuation: fundamentals, earning multiples, and revenue multiples.
Five detailed case studies cover the entire tech company lifecycle: Motorola, Cisco, Amazon.com, Ariba, and a new IPO startup.
Contents
1. The Dark Side of Valuation.
2. Show Me the Money: The Fundamentals of Discounted Cash Flow Valuation.
3. The Price of Risk: Estimating Discount Rates.
4. Cash is King: Estimating Cash Flows.
5. Looking Forward: Estimating Growth.
6. Estimating Firm Value.
7. Management Options, Control, and Liquidity.
8. Relative Valuation.
9. Earnings Multiples.
10. Other Multiples.
11. Real Options in Valuation.
12. Value Enhancement.
13. A PostScript.
