Damodaran, Aswath : State University of New York Systems Office
Aswath Damodaran is Associate Professor of Finance at New York
University’s Leonard N. Stern School of Business. He has been the
recipient of numerous awards for outstanding teaching, including the NYU
university-wide Distinguished Teaching Award, and was recently named one of the
nation’s top business school teachers by Business-Week. In addition,
Damodaran teaches training courses in corporate finance and valuation at
Deutsche Bank, Swiss Bank, Credit Suisse, J.P. Morgan, and Smith Barney. His
publications include Damodaran on Valuation: Security Analysis for Investment
and Corporate Finance.
Summary
A celebrated university finance professor discusses the valuation of all investments not just securities. This
up - to - the - minute text uses examples from a diversity of existing companies to demonstrate the use of the
models as well as their possible pitfalls. Thoroughly examines firms where direct application of typical models
traditionally breakdown -- problems in valuing these enterprises are laid out and potential solutions suggested.
Special sections deal with valuation issues that have not received adequate coverage such as the value of synergy
in controlling mergers and the value of product options that a company may possess. Includes optional software
developed and tested by the author.
Table of Contents
Approaches to Valuation.
Risk and Return--Theory.
Estimation of Discount Rates.
Understanding Financial Statements.
Estimation of Cashflows.
Estimation of Growth Rates.
Market Efficiency--Definition and Tests.
Market Efficiency--The Evidence.
Dividend Discount Models.
Free Cashflows to Equity Discount Models.
Valuing a Firm--The Free Cashflows to the Firm Approach.
Special Cases in Discounted Cashflow Valuation.
Price/Earnings Multiples.
Price/Book Value Multiples.
Price/Sales Multiples.
Option Pricing Theory.
Applications of Option Pricing Theory to Equity Valuation.
