Rating: Summary: Too focused on the DCF-Method Review: According to the title and previous reviews, I expected a comprehensive guide featuring a critical overview on the current methods of valuation, the differences between them and, finally, a conclusion which method to use under which circumstances. However, the authors promote the DCF-method as the single approach, using their presentation and sales skills to badmouth anything else. If you want a book on DCF, this may be your choice, but don't expect a comprehensive guide.
Rating: Summary: The best book of its kind Review: After studying the excellent book on Corporate Finance by Dr. Ross this book on Valuation by Dr. Copeland is the natural continuation. Otherwise readers without a solid foundation on finance will not appreciate why the WACC method is the most accepted by large corporations, or the special methology developed in the book is so superior to the calculation of low level financial ratios. Our MBA students felt that they had been given a real chance to understand the inner workings of the creation of corporate value.
Rating: Summary: Buy yourself a large coffee mug before reading this Review: Although Mr. Copeland's conceptual presentation and arguments for using FCF as the ultimate basis for performance and valuation is indeed compelling, the book falls as a practitioners' guide. Why ? Because Mr. Copeland never addresses a reality that all financial analysts confront ... accessibility / availability / integrity of data on which the analysis is grounded on, particularly when he focuses on subsidiaries of parent companies. Try valuing any one of GE's subsidiaries using Mr. Copeland's prescription ... good luck.Warning: familiarize yourself w/ accounting principles before reading this. If you aren't, you won't hesitate returning the book back to the book store.
Rating: Summary: Valuation DCF Model Review: Be Careful! It is just a CD including an Excel File. You need to have two other add-ins installed to run the file. I can't judge how flexible this model is. But I couldn't apply this to my current valuation class in MBA program.
Rating: Summary: Complements a Trio of Corporate Finance Books Review: Best read after completing both "Shareholder Value Added" by Rappoport and "Quest for Value" by Stewart, this book does an excellent job of not only patching up conceptual holes the two previous works left with their competing terminology and viewpoint, but as acting as a keystone that combined the two to make a macro picture of valuation more complete. I have not read Damodran (sp?), I am leery after reading that reported typo's make interpretation difficult, however, I feel this book delves much in the way of detail. Textually it is sometimes challenging to follow along, but arguments are supported by ledgers with the changes and suggesstions bolded. The financial valuation is a god send... Looking forward to the excel model, I just wish/hope it had a financial template included...
Rating: Summary: It's definitely a valuation bible!!! Review: For investment banking professionals, "Valuation" is an excellent tool book to keep, to study, to look up for reference, and the like...I strongly recommend investment banking pros to have one. It helps!!!
Rating: Summary: This one is deep. Review: Good treatment of the subject for specialists, but a book I like better is "Unlocking the Value of Your Business", which seems to produce the same bottom-line results, but faster and simpler.
Rating: Summary: Good but bad Excel support Review: Hmm I wonder if those giving this book five stars actually work for McKinsey. As a practioner, I don't know anyone in the industry who has actually read this book. It looks impressive on the bookshelf, but the content is anything but impressive. A lot of topics are covered, but each one only superficially and the writing is extremely dry and boring. I actually found reading this volume *painful*, and I'm supposed to like this stuff since I do it for a living! My advice for any potential buyer is read a few chapters first before you shell out for it.
Rating: Summary: User-unfriendliness at its best Review: Hmm I wonder if those giving this book five stars actually work for McKinsey. As a practioner, I don't know anyone in the industry who has actually read this book. It looks impressive on the bookshelf, but the content is anything but impressive. A lot of topics are covered, but each one only superficially and the writing is extremely dry and boring. I actually found reading this volume *painful*, and I'm supposed to like this stuff since I do it for a living! My advice for any potential buyer is read a few chapters first before you shell out for it.
Rating: Summary: The master authors understand their readers' needs Review: I am an MBA student at Univ. of Texas at Austin, and am an avid reader of corporate finance literature, research. This book is the finest that I have ever come across, and bridges the gap between things I know and things that I can teach myself. If you are a person who needs to know the nitty-gritty details, I recommend this book along with Damodaran on Valuation. This book covers broad topics extremely well, and Damodaran on Valuation gives u the nitty-gritty detail
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