Corporate valuation : measuring the value of companies in turbulent times

Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- About the Author -- Chapter 1 Introduction -- 1.1 What We Should Know to Value a Company -- 1.2 Valuation Methods: An Overview -- 1.2.1 Common Practices in the Accounting and Financial Communities -- 1.2.2 Approach of This Book -- 1.3 The Time Value of Money -- 1.4 Uncertainty in Company Valuations -- 1.4.1 Organizing the Analysis -- 1.5 Uncertainty and Managerial Flexibility -- 1.5.1 Static versus Dynamic Assumption -- 1.5.2 Some Conclusions on Uncertainty and Managerial Flexibility -- 1.5.3 Valuing Companies Assuming a Dynamic Standpoint -- 1.6 Relationship between Value and Uncertainty -- Chapter 2 Business Forecasting for Valuation -- 2.1 Introduction -- 2.2 Key Phases of the Business Plan Elaboration -- 2.2.1 Markets, Competitive Positioning, and Past Results -- 2.2.2 Definition of the Competitive Strategies -- 2.2.3 Definition of the Actions Needed to Implement the Competitive Strategy -- 2.2.4 The Formulation of the Quantitative Assumptions -- 2.2.5 Preparation of the Plan Forecasts -- 2.3 What Drives the Preparation of a Business Plan? -- 2.3.1 A Components Manufacturer -- 2.3.2 Commercial Companies Operating through a Network of Points of Sale -- 2.3.3 Companies Operating on Order -- 2.3.4 Companies Operating in Regulated Sectors -- 2.4 The Main Methodological Issues -- 2.4.1 Time Horizon Covered by the Plan -- 2.4.2 Real Business Plans versus Nominal Business Plans -- 2.4.3 Aspects to Develop in the Phase of Business Plan Critical Analysis -- 2.4.4 Sensitivity Analysis -- Chapter 3 Scenario Analysis -- 3.1 Introduction -- 3.2 What Is Scenario Analysis? -- 3.3 Difference between Scenario and Sensitivity Analysis -- 3.4 When to Perform Scenario Analysis -- 3.5 Worst and Best Cases and What Happens Next -- 3.6 Multi-Scenario Analysis -- 3.7 Pros and Cons.