Aswath Damodaran

Una guía accesible e intuitiva para valorar empresasBien sea para comprar, vender o esperar, la valoración es esencial en cualquier decisión relacionada con la inversión. En este libro fundamental, el experto Aswath Damodaran explica con un lenguaje accesible las tecnicas para llevar a cabo esa valoracion, que permitiran a cualquier inversor tomar la mejor decision cuando, tras leer los informes sobre las acciones de una compañia, intente valorarlas y actuar en consecuencia.De una manera sintetica y brillante, Damoraran sintetiza los fundamentos de la valoracion, sin demorarse en exceso ni ignorar los conceptos clave y desarrolla modelos de facil comprension y uso. A lo largo de estas paginas, utiliza tecnicas tanto de valoracion intrinseca como relativa para valorar empresas basandose en los elementos estandar: los flujos de caja, el crecimiento y el riesgo.El pequeño libro de la valoracion de empresas incluye, ademas, casos de estudio y ejemplos que te ayudaran a mejorar tus capacidades de valoracion. Pensado para un inversor profesional y para un particular, esta fiable guia no solo te ayudara a valorar rapidamente una compañia, sino a entender las valoraciones hechas por otros o que recogen los informes sobre acciones.

Convert theory into solutions Applied Corporate Finance, Second Edition converts the theory and models in corporate finance into tools that can be used to analyze, understand, and help any business. With this hands-on guide, you can find real solutions to real corporate finance problems, using real-time data. Offering a user perspective to corporate finance, this text poses three major questions that every business has to answer, and provides the tools and the analytical techniques needed to answer these questions. 1. Where do we invest our resources? (The Investment Decision) The first part of the book shows how to assess risk and develop a risk profile for a firm, and convert this risk profile into a hurdle rate. You'll also learn basic rules for estimating the returns on any investment. 2. How should we fund these investments? (The Financing Decision) Firms generally can use debt, equity, or some combination of the two to fund projects. This part of the book examines the relationship between this choice and the hurdle rate for analyzing projects, and shows how to use the financing decision to maximize firm value. You'll also find a framework for picking the right kind of security for any firm. 3. How much cash can and should we return to the owners? (The Dividend Decision) The third part of the book establishes a process for deciding how much cash should be taken out of the business and in what form (dividends or stock buybacks). The final chapter in the book ties the value of the firm to these three decisions, and provides insight into how firms can enhance value.

The comprehensive guide to valuing technology companies Projections for future revenues, earnings, cash flows, the impact of stock options, and more 5 detailed case studies cover the entire tech lifecycle: Amazon.com, Ariba, Cisco, Motorola, and a new IPO Presented by one of the world's leading experts in valuation State-of-the-art tools for assessing the value of any technology company ¡Technology companies have exploded in importance, yet investors and analysts face unprecedented challenges in valuing them. In The Dark Side of Valuation, one of the world's leading valuation experts reviews every approach, demonstrating exactly how to adapt traditional techniques to minimize risks and maximize returns.

 Bien sea para comprar, vender o esperar, la valoración es esencial en cualquier decisión relacionada con la inversión. En este libro fundamental, el experto Aswath Damodaran explica con un lenguaje