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Dark Side of Valuation: The Valuing Young, Distressed, and Complex Businesses

Dark Side of Valuation: The Valuing Young, Distressed, and Complex Businesses

Author(s):
  • Aswath Damodaran
  • Author: Aswath Damodaran
    • ISBN:9789386873255
    • 10 Digit ISBN:9386873257
    • Price:Rs. 629.00
    • Pages:608
    • Imprint:Pearson Education
    • Binding:Paperback
    • Status:Available


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    Financial professionals have long faced the challenge of accurately valuing companies that are difficult to value using conventional methodologies. Years ago, this challenge was most keenly felt in the "dot-com" industries, and many professionals fell victim to the "dark side," creating values that were simply unsustainable. Now, amidst today's global financial crisis, the same challenge applies to a far wider spectrum of enterprises and assets, ranging from Asian equities to mortgage-backed securities, financial services firms like Lehman to real estate firms like Sears. In The Dark Side of Valuation, the world's top expert on valuation brings together today's best practices for accurately valuing young, distressed, and complex businesses. Aswath Damodaran has thoroughly revised this book, broadening its perspective to consider all companies that resist easy valuation. He covers the entire corporate lifecycle, from "idea" and "nascent growth" companies to those in decline and distress and offers specific guidance for valuing infrastructure, real estate, technology, human capital, commodity, and cyclical firms. Damodaran places special emphasis on the financial sector, illuminating the implications of today's radically changed credit markets for valuation.

     

    Table of Content

    Preface 
    Chapter 1 The Dark Side of Valuation    
    Chapter 2 Intrinsic Valuation    
    Chapter 3 Probabilistic Valuation: Scenario Analysis, Decision Trees, and Simulations    
    Chapter 4 Relative Valuation    
    Chapter 5 Real Options Valuation    
    Chapter 6 A Shaky Base: A "Risky" Risk-Free Rate    
    Chapter 7 Risky Ventures: Assessing the Price of Risk    
    Chapter 8 Macro Matters: The Real Economy    
    Chapter 9 Baby Steps: Young and Start-Up Companies    
    Chapter 10 Shooting Stars? Growth Companies    
    Chapter 11 The Grown-Ups: Mature Companies    
    Chapter 12 Winding Down: Declining Companies    
    Chapter 13 Ups and Downs: Cyclical and Commodity Companies   
    Chapter 14 Mark to Market: Financial Services Companies    
    Chapter 15 Invisible Investments: Firms with Intangible Assets    
    Chapter 16 Volatility Rules: Emerging-Market Companies    
    Chapter 17 The Octopus: Multibusiness Global Companies    
    Chapter 18 Going Over to the Light: Vanquishing the Dark Side    
    Index   

    Salient Features

    Guide to valuing companies in all stages and industries, fully revised to reflect today's financial markets and crisis.
     
    Indispensable, up-to-the-minute guidance from the world's #1 expert in corporate valuation, Aswath Damodaran.
    Expanded to include detailed coverage of companies in financial services, real estate, infrastructure, human capital, commodity, and cyclical markets.
    Answers crucial valuation questions that have suddenly emerged in the wake of the global financial crisis.