Focused valuation spreadsheets: If you have a clear choice in terms of models - stable growth dividend discount, 2-stage FCFE etc. 1 This link is discussed more fully in chapter 11 of Investment Valuation, Aswath Damodaran, John Wiley and Sons, Second Edition.

Aswath Damodaran! Venture capitalists (VCs) don’t value companies, they price them! In 2014, approximately 545 million unique visitors wrote 18 million reviews on … We will back out cash and investments in marketable securities from current assets. This can be an advantage when it is important that the price reflect these perceptions as is the case when! Thanks January 30, 2009 at 5:47 AM Valuation is neither the science that some of its proponents make it out to be nor the objective search for the true value that idealists would like it to become. Damodaran's investment valuation is most comparable to McKinsey's book, in that they do a deep dive on the minutia of valuation.

Reading Damodaran (or the McKinsey Valuation book) puts you at risk of knowing too much. Dear Prof Damodaran I thoroughly enjoy reading your thoughts on the recent developments in the market and its impact on valuation and investments. 164!

The right role for multiples in valuation. Damodaran's investment valuation is most comparable to McKinsey's book, in that they do a deep dive on the minutia of valuation. Private to private transactions: You can value a private business for sale by one individual to another.! Professor Aswath Damodaran is currently a Professor of Finance at NYU's Stern School of Business. Private to IPO: You can value a private firm for an initial public offering. The FCFE model can be viewed as an alternative to the dividend discount model. On a separate note, I have just taken a look at your valuation bias test and would like to find the answers. Except for the part about using beta to estimate required returns, it is useful to know almost all the other facets of valuation covered in these books. Damodaran's investment valuation is most comparable to McKinsey's book, in that they do a deep dive on the minutia of valuation. Private to public transactions: You can value a private firm for sale to a publicly traded firm. Aswath Damodaran! Intrinsic valuation, relates the value of an asset to the present value of expected future cashflows on that asset.

Venture Capital: It is a pricing, not a value, game! In our experience, managers dedicated to maximizing shareholder value gravitate toward discounted-cash-flow (DCF) analyses as the most accurate and flexible method for valuing projects, divisions, and companies.

Private to IPO: You can value a private firm for an initial public Except for the part about using beta to estimate required returns, it is useful to know almost all the other facets of valuation covered in these books.

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Approaches to Valuation! In its most common form, this takes the form of a discounted cash flow valuation.! 2! Except for the part about using beta to estimate required returns, it is useful to know almost all the other facets of valuation covered in these books.