Damodaran on Valuation: Security Analysis for Investment and Corporate Finance

By Aswath Damodaran · Wiley · 2006

Study guide: Exam CP-311

The second edition (August 2006) of Aswath Damodaran's book on valuation, completely revised and updated. Wiley describes it as the book for CEOs and corporate strategists who need to understand the valuation process, giving an understanding of today's valuation models and the acumen needed for the most complex and subtle valuation scenarios.

On the syllabus

• Exam CP-311 — Ch. 13 The Value of Control (2d, 2f); Ch. 15 The Value of Synergy (2d, 2f).

Preface

1 Introduction to Valuation

Introduction to Chapters 2-6: Discounted Cashflow Valuation

2 Estimating Discount Rates

3 Measuring Cash Flows

4 Forecasting Cash Flows

5 Equity Discounted Cash Flow Models

6 Firm Valuation Models

Introduction to Chapters 7-9: Relative Valuation

7 Relative Valuation: First Principles

8 Equity Multiples

9 Value Multiples

Introduction to Chapters 10-17: Loose Ends in Valuation

10 Cash, Cross Holdings and Other Assets

11 Employee Equity Options and Compensation

12 The Value of Intangibles

13 The Value of Control

14 The Value of Liquidity

15 The Value of Synergy

16 The Value of Transparency

17 The Cost of Distress

18 Closing Thoughts

Index

Sources

• Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, 2nd Edition (Wiley product page) — the publisher's table of contents (preface, the eighteen chapters, the three introductions to groups of chapters and the index; chapter level only), its description for the lead, the author, August 2006 and the ISBN (978-0-471-75121-2)
• CP 311 Syllabus, Nov 2026/Mar 2027 (SOA) — the citation (Damodaran, Aswath, 2nd Edition, 2006), the two assigned chapters and their learning outcomes