PDF-Aswath Damodaran

Aswath Damodaran Aswath Damodaran Aswath Damodaran Aswath Damodaran Aswath Damodaran Aswath Damodaran 60 40 1003 68 40 1084 16030 2363008 Aswath Damodaran 8349160311. ! ! ! ! ! ! Aswath Damodaran!7!The Four Steps to Understanding Multiples!!!De Review. Aswath Damodaran. Updated: . March . 2013. Aswath Damodaran. 1. Key topics covered. Valuation Approaches. What are the three approaches to valuation?. From a big picture perspective, what are the key differences between the different valuation approaches?. illiquid assets? In this paper, we argue that it is a mistake to think of some assets as illiquid and others as liquid and that liquidity is a continuum, where some assets are more liquid than others Aswath Damodaran5Figure 1.1: The Investment ProcessThe ClientRisk Tolerance/AversionTax StatusInvestment HorizonThe Portfolio Manager ! ! ! ! ! ! Aswath Damodaran!7!The Four Steps to Understanding Multiples!!!De ‹#›. Aswath Damodaran. 1. The Closing Argument. Aswath Damodaran. 2. Back to the very beginning:. Approaches to Valuation. Discounted Cashflow Valuation. , where we try (sometimes desperately) to estimate the intrinsic value of an asset by using a mix of theory, guesswork and prayer.. ‹#›. Aswath Damodaran. 1. Valuing Financial Service Companies. Aswath Damodaran. 2. The Questions. Aswath Damodaran. 3. Aswath Damodaran. 4. Aswath Damodaran. 5. Lesson 1: Financial service companies are opaque…. ‹#›. Aswath Damodaran. 1. Distress, Dilution and Illiquidity. Aswath Damodaran. 2. 1. . . Equity to Employees: Effect on Value. In recent years, firms have turned to giving employees (and especially top managers) equity option or . dilution . and liquidity . ‹#›. Aswath Damodaran. 1. Distress, Dilution and Illiquidity. Aswath Damodaran. 2. 1. . . Equity to Employees: Effect on Value. Employee options and restricted stock are now part of compensation packages.. ‹#›. Aswath Damodaran. 1. Valuing . Declining . & Distressed Companies. Aswath Damodaran. 2. Dealing . with decline and distress…. Aswath Damodaran. 3. a. Dealing with Decline. In decline, firms often see declining revenues and lower . ‹#›. Aswath Damodaran. 1. Valuing Commodity & Cyclical Companies. Aswath Damodaran. 2. Valuing cyclical and commodity companies. Aswath Damodaran. 3. Lesson 1: The Operating Numbers will ebb and flow. Valuation: Packet 3 Real Options, Acquisition Valuation and Value Enhancement Aswath Damodaran Updated: September 2016 Aswath Damodaran 1 Real Options: Fact and Fantasy Aswath Damodaran Aswath Damodaran Mrudula. . Vaidya. Pratyush. . Bangera. CONTENTS. Introduction. Goals. Construction. Circuits. Working. Problems Solved. Cost Analysis. Future Scope. INTRODUCTION. Standard fans are widely used in personal office spaces.. Corporate Finance What is it? Aswath Damodaran 0 What is corporate finance? Every decision that a business makes has financial implications, and any decision which affects the finances of a business is a corporate finance decision. Defined