2017 Valuation Handbook – International Industry Cost of Capital
John Wiley & Sons Inc (Verlag)
978-1-119-36673-7 (ISBN)
- Titel ist leider vergriffen;
keine Neuauflage - Artikel merken
The 2017 Valuation Handbook – International Industry Cost of Capital offers the same type of rigorous industry-level analysis published in the U.S.-centric Valuation Handbook – U.S. Industry Cost of Capital. It provides industry-level cost of capital estimates (cost of equity, cost of debt, and weighted average cost of capital, or WACC), plus detailed industry-level statistics for sales, market capitalization, capital structure, various levered and unlevered beta estimates (e.g., ordinary-least squares (OLS) beta, sum beta, peer group beta, downside beta, etc.), valuation (trading) multiples, financial and profitability ratios, equity returns, aggregate forward-looking earnings-per-share (EPS) growth rates, and more.
For more information about Duff & Phelps valuation data published by Wiley, please visit www.wiley.com/go/valuationhandbooks.
Also Available
2017 Valuation Handbook – International Guide to Cost of Capital
2017 Valuation Handbook – U.S. Guide to Cost of Capital
2017 Valuation Handbook – U.S. Industry Cost of Capital
Key Features
Four global economic regions: The 2017 Valuation Handbook – International Industry Cost of Capital includes industry-level analyses for four global economic regions: the "World," the European Union, the Eurozone, and the United Kingdom. Industries in the book are identified by their Global Industry Classification Standard (GICS) code (at the 2-, 4-, and 6-digit code level).
Three currencies: Each of the four global region's industry analyses are presented in three currencies: the Euro, the British pound, and the U.S. dollar.
Roger J. Grabowski is a managing director with Duff & Phelps. He is coauthor of Cost of Capital - Applications and Examples, Fifth Edition, The Lawyer's Guide to Cost of Capital, and Cost of Capital in Litigation. James P. Harrington is a director at Duff & Phelps. He is a leading contributor to Duff & Phelps' efforts in the development of studies, surveys, online content and tools, firm-wide valuation models, data distribution platforms, and published thought leadership. He is a coauthor of the Duff & Phelps "Valuation Handbook" series, a contributing author to Cost of Capital - Applications and Examples, Fifth Edition, and a Duff & Phelps contributor to the Stocks, Bonds, Bills, and Inflation (SBBI) Yearbook. Carla S. Nunes is a managing director in the Office of Professional Practice at Duff & Phelps, where she provides firm-wide technical guidance on a variety of valuation, financial reporting, and tax issues, with a particular focus on cost of capital. She is a coauthor of the Duff & Phelps "Valuation Handbook" series and a contributing author to Cost of Capital - Applications and Examples, Fifth Edition.
Acknowledgements xiii
Introduction 1
Who Should Use the Valuation Handbook International Industry Cost of Capital 2
Industry-level Cost of Capital Estimates 3
Industry-level Statistics, Capital Structure, Valuation Multiples, and Betas 4
New in the 2017 Valuation Handbook International Industry Cost of Capital 4
Methodology 5
Data Through Date 5
Countries of Incorporation 5
Company Type 5
Currencies Used 5
Global Areas Covered 6
Industry Identification by GICS Code 9
Minimum Number of Companies Required 10
Data Sources 10
Derivation of Long-term Risk-free Rates and Long-term Equity Risk Premia 13
Company Screening Process 16
Identifying Initial Company Sets 17
Additional Company Screening 18
Medians and Industry Composites 23
Latest and 5-Year Averages 26
Calculation of Industry Financial Statistics 31
GICS Code and Number of Companies in the Main Set 31
Global Area and Currency 31
Graph Relative 5-Year Performance 31
Three Largest and Three Smallest Companies by Sales and Total Assets 31
Annualized Monthly Performance Statistics 31
Number of Companies in the Median, the Composites, and the High-Financial-Risk Category 33
Return Ratios 34
Liquidity Ratio 38
Profitability Ratio 39
Graph Operating Margin 39
Beta Overview 40
Levered Betas 41
Adjusted Betas 45
Graph Betas (Levered ) 47
Unlevered Betas 48
Leverage Ratios 49
Graph Capital Structure, GICS Composite 53
Derivation of Long-term Growth Rates 53
Equity Valuation Multiples 54
Enterprise Valuation (EV) Multiples 61
Graph Enterprise Valuation Multiples 66
Long-term Risk-free Rates and Long-term Equity Risk Premia 66
Cost of Capital Estimates 68
CAPM 68
Discounted Cash Flow (DCF) Models 70
1-Stage DCF 70
3-Stage DCF 72
Cost of Debt 75
Weighted Average Cost of Capital (WACC) 78
WACC Calculations 82
WACC Graph 83
Appendix A
Definitions of Standard & Poor s Global Vantage Database Data Items Used in Calculations
Industry Data Exhibits
World Company Set
Industry Data Exhibit 1: World Company Set, in EUR
Industry Data Exhibit 2: World Company Set, in GBP GBP
Industry Data Exhibit 3: World Company Set, in $ USD
European Company Set
Industry Data Exhibit 4: European Union, in EUR
Industry Data Exhibit 5: European Union, in GBP GBP
Industry Data Exhibit 6: European Union, in $ USD
Eurozone Company Set
Industry Data Exhibit 7: Eurozone, in EUR
Industry Data Exhibit 8: Eurozone, in GBP GBP
Industry Data Exhibit 9: Eurozone, in $ USD
United Kingdom Company Set
Industry Data Exhibit 10: United Kingdom, in EUR
Industry Data Exhibit 11: United Kingdom, in GBP GBP
Industry Data Exhibit 12: United Kingdom, in $ USD
| Erscheinungsdatum | 01.11.2017 |
|---|---|
| Reihe/Serie | Wiley Finance |
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 222 x 281 mm |
| Gewicht | 2458 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management |
| ISBN-10 | 1-119-36673-9 / 1119366739 |
| ISBN-13 | 978-1-119-36673-7 / 9781119366737 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
aus dem Bereich
