目录  （部分）


About the Authors xiii
Foreword xv
Acknowledgments xvii
Supplemental Materials xxi
INTRODUCTION 1
Structure of the Book 2
Part One: Valuation (Chapters 1–3) 3
Part Two: Leveraged Buyouts (Chapters 4 & 5) 5
Part Three: Mergers & Acquisitions (Chapter 6) 6
ValueCo Summary Financial Information 6
PART ONE
Valuation
CHAPTER 1
Comparable Companies Analysis 11
Summary of Comparable Companies Analysis Steps 12
Step I. Select the Universe of Comparable Companies 15
Study the Target 15
Identify Key Characteristics of the Target for Comparison
Purposes 16
Screen for Comparable Companies 20
Step II. Locate the Necessary Financial Information 21
SEC Filings: 10-K, 10-Q, 8-K, and Proxy Statements 21
Equity Research 23
Press Releases and News Runs 24
Financial Information Services 24
Summary of Financial Data Primary Sources 24
Step III. Spread Key Statistics, Ratios, and Trading Multiples 25
Calculation of Key Financial Statistics and Ratios 27
Supplemental Financial Concepts and Calculations 39
Calculation of Key Trading Multiples 44
Step IV. Benchmark the Comparable Companies 48
Benchmark the Financial Statistics and Ratios 48
Benchmark the Trading Multiples 48