Valuation_MeasuringandManagingtheValueof.epub

Table of Contents Title Page Copyright Page About the Authors Preface WHY THIS BOOK STRUCTURE OF THE BOOK WHAT’S NEW ABOUT THE FIFTH EDITION VALUATION SPREADSHEET Acknowledgments Part One - Foundations of Value Chapter 1 - Why Value Value? CONSEQUENCES OF FORGETTING TO VALUE VALUE BENEFITS OF FOCUSING ON LONG-TERM VALUE CHALLENGES OF FOCUSING ON LONG-TERM VALUE Chapter 2 - Fundamental Principles of Value Creation GROWTH AND ROIC: DRIVERS OF VALUE CONSERVATION OF VALUE RISK AND VALUE CREATION THE MATH OF VALUE CREATION SUMMARY Chapter 3 - The Expectations Treadmill WHY SHAREHOLDER EXPECTATIONS BECOME A TREADMILL REAL-WORLD EFFECTS OF THE EXPECTATIONS TREADMILL DECOMPOSING TRS UNDERSTANDING EXPECTATIONS MANAGERIAL IMPLICATIONS Chapter 4 - Return on Invested Capital DRIVERS OF RETURN ON INVESTED CAPITAL COMPETITIVE ADVANTAGE SUSTAINABILITY OF RETURN ON INVESTED CAPITAL EMPIRICAL ANALYSIS OF RETURNS ON INVESTED CAPITAL ROIC Trends ROIC by Industry and Company Size SUMMARY Chapter 5 - Growth DRIVERS OF REVENUE GROWTH GROWTH AND VALUE CREATION DIFFICULTY OF SUSTAINING GROWTH EMPIRICAL ANALYSIS OF CORPORATE GROWTH SUMMARY P......